World shares advance…US jobs data to show whether hiring is still fueling growth…Quantas grounds 3 Bowing 737s
BANGKOK (AP) – World shares advanced today despite fresh concerns over a report that cast doubt on the prospects for a long-term U.S-China trade deal. In early trading, Germany’s DAX rose 0.5% and the CAC 40 in Paris added 0.3%. Britain’s FTSE 100 picked up 0.3%. In Asia, Hong Kong’s Hang Seng rose 0.7% and the Shanghai Composite jumped 1.0%. In South Korea the Kospi climbed 0.8%. Wall Street is looking set for gains, with futures for the S&P 500 and Dow up 0.2%.
WASHINGTON (AP) – The government’s October jobs report being released today will help show whether hiring remains a key source of strength for an economy that’s been weakened by trade wars and a global slowdown. Analysts surveyed by data provider FactSet have forecast that employers added 90,000 jobs last month and that the unemployment rate ticked up from 3.5% to 3.6%, still near a 50-year low.
CANBERRA, Australia (AP) – Australian airline Qantas Airways says it has grounded three of its Boeing 737s over hairline cracks found in wing structures but expects to have them flying again this year. There were calls this month from the U.S. Federal Aviation Administration for all airlines to check Boeing 737 NG planes that had completed more than 30,000 takeoff and landing cycles for cracking in a part that helps keep wings attached. These planes are different from the 737 MAX jets, which were grounded worldwide earlier this year.
UNDATED (AP) – Amazon must decide soon if it will protest the Pentagon’s awarding of a $10 billion cloud computing contract to rival Microsoft. One possible grievance: the unusual attention given the project by President Donald Trump. Amazon was long thought to be the front-runner in the competition for the huge military contract. But Amazon and its CEO Jeff Bezos, who also owns the Washington Post, have been frequent targets of Trump’s criticism.
NONTHABURI, Thailand (AP) – Southeast Asian leaders meeting this weekend in Bangkok are making last-minute efforts with wealthier neighbors led by China to conclude talks on one of the world’s largest free-trade accords. They will also praise progress in talks on a nonaggression pact in the disputed South China Sea, where China is accused of intimidating smaller neighbors. But intractable differences have stymied such efforts by the 10-member Association of Southeast Asian Nations.