Financial News

Monday, October 28th
October 25, 2019
AP-NC Newswatch
October 25, 2019
Financial News

 

 

Global shares mixed … EU envoys agree that Brexit extension is needed … Will the American Dream mall be an American dream?

 

TOKYO (AP) – Global shares were mixed today, after Wall Street indexes posted modest gains, cheered by solid profits and forecasts from U.S. technology companies. In early trading, France’s CAC 40 edged up 0.2%. Germany’s DAX slipped 0.2%. Britain’s FTSE 100 added nearly 0.2%. In Asia, Japan’s Nikkei 225 closed up 0.2%, South Korea’s Kospi edged 0.1% higher, Hong Kong’s Hang Seng dipped 0.4% and the Shanghai Composite advanced 0.5%. U.S. shares are set to drift higher with Dow and S&P futures up about 0.1%.

 

BRUSSELS (AP) – EU ambassadors have agreed on the principle of granting Britain’s request for another extension to the Brexit deadline but have yet to decide on the length of the new delay. EU ambassadors met today with the EU Brexit chief negotiator Michel Barnier. Britain is scheduled to leave the 28-nation bloc on Oct. 31 but has asked for a three-month extension to that deadline. A European diplomat, speaking anonymously because discussions are ongoing, says EU ambassadors will meet again Monday.

 

BERLIN (AP) – A new study shows German consumers are growing more pessimistic amid growing concerns about the global economic downturn, trade conflicts and Brexit. The forward-looking GfK consumer climate index dropped to 9.6 points for November, down 0.2 points over October. In underlying figures, consumers’ economic expectations dropped to minus 13.8 in October from minus 9 in September, their income expectations dropped to 39 from 46.8, and their propensity to buy dropped to 51.7 from 55.1.

 

PARIS (AP) – France’s finance minister says pledges to replenish an international fund meant to help poor nations tackle climate change will reach nearly 10 billion euros ($11 billion). Finance Minister Bruno Le Maire says “it’s a great success,” nothing that almost half of the amount is provided by France, Germany and Britain alone. President Donald Trump’s decision to withhold $2 billion of the $3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall at the fund.

 

EAST RUTHERFORD, N.J. (AP) – American Dream is opening its doors to the public as the second largest mall in the country and third largest in North America. American dream will showcase 3 million square feet of leasable space dedicated to more than a dozen entertainment attractions such as a 16-story indoor ski slope, rollercoaster, waterpark and eventually 450 retail, food and specialty shops. The idea was conceived more than two decades ago, before the iPhone existed and Amazon was only selling books online.

 

 

AP-WF-10-25-19 1040GMT