Global stock markets mostly down … Bloomberg thinks about presidential run … Strike forces Lufthansa cancellations
BEIJING (AP) – Global stock markets mostly declined today amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. In early trading, London’s FTSE 100 lost 0.3% and Germany’s DAX retreated 0.3%. France’s CAC 40 shed 0.3%. In Asia, the Shanghai Composite Index closed down 0.4% and the Hong Kong’s Hang Seng tumbled 0.7%. But Tokyo’s Nikkei 225 advanced 0.3%. Seoul’s Kospi sank 0.3%. Wall Street is expected to open lower, with Dow and S&P futures both down 0.1%.
WASHINGTON (AP) – Billionaire and former New York City mayor, Michael Bloomberg, is opening the door to a 2020 presidential campaign. Bloomberg announced earlier this year that he would not seek the Democratic nomination. But in a statement Thursday, his political adviser Howard Wolfson says Bloomberg is worried that the current crop of Democratic presidential candidates is “not well positioned” to defeat President Donald Trump.
BERLIN (AP) – Outgoing European Commission President Jean-Claude Juncker (zhahn-KLOHD’ YUN’-kur) says he does not think President Donald Trump will impose new tariffs targeting European automobiles. The Trump administration already has imposed tariffs that have hit European Union steel, aluminum and agricultural products, and is due to decide next week whether to impose tariffs on Europe’s massive automobile exports. The previous tariffs have already provoked retaliation from the 28-country trade bloc.
BERLIN (AP) – Germany’s flagship airline, Lufthansa, has canceled hundreds of flights as a strike by cabin crews enters its second day. The dpa reports that some 600 flights, primarily from the Frankfurt and Munich hubs, were canceled today. On the first day of the 48-hour strike, 700 flights were canceled. The union representing cabin crews called the strike as part of a bitter dispute with Lufthansa over pay and the union’s legal status.
TOKYO (AP) – Honda has become the latest automaker to report weaker earnings as global demand softens. The company says its profit in the July-September fell 6.7% from a year earlier to 196.5 billion yen ($1.8 billion) as vehicle and motorcycle sales slipped. Honda says an unfavorable exchange rate also hurt earnings. Honda’s quarterly revenue declined 2.9% to 3.7 trillion yen ($34 billion) as sales declined in the U.S., Japan, the rest of Asia and Europe.