Financial News

Carl Francis Roten
November 1, 2018
AP-NC Newswatch
November 1, 2018
Financial News

 

 

 

 

World markets mostly higher … Big slump … Google walkout\

 

SINGAPORE (AP) – World markets are mostly higher today following a report that British Prime Minister Theresa May has secured a deal with the European Union on financial services, as the country’s exit from the trading bloc looms. In early trading, Germany’s DAX rose 0.6 percent and France’s CAC 40 was 0.2 percent higher. But Britain’s FTSE 100 was 0.1 percent lower. And Tokyo’s Nikkei tumbled 1.1 percent. Wall Street is set for an optimistic open with Dow futures up 0.4 percent and S&P 500 futures up 0.3 percent.

 

LOS ANGELES (AP) – The benchmark S&P 500 index has finished October with its biggest monthly slump in seven years, snapping a six-month winning streak. The market’s reversal in October came as investors grew uneasy that corporate profits, which drive stock market gains, are poised to weaken.

 

SAN FRANCISCO (AP) – Hundreds of Google workers are expected to walk off the job this morning to protest the internet company’s lenient treatment of executives accused of sexual misconduct. The protest, billed “Walkout For Real Change,” is happening a week after The New York Times reported that Andy Rubin, the creator of Google’s Android software, received a $90 million severance package in 2014 even though Google concluded that sexual misconduct allegations against him were credible.

 

LONDON (AP) – The Bank of England is expected to keep interest rates on hold Thursday, with investors likely to focus on what Governor Mark Carney says about the state of the Brexit negotiations. After the decision on the bank’s main interest rate, which is currently at 0.75 percent, Carney will hold a news conference at which Britain’s exit from the European Union is likely to loom large.

 

BERLIN (AP) – A German consumer group has filed a suit against Volkswagen that aims to establish a right to compensation for car owners affected by the automaker’s diesel emissions scandal. The Federation of German Consumer Organizations filed the case to a court in Braunschweig under new rules that came into force today allowing a form of class-action suit. The new system was prompted in part by the Volkswagen scandal.

 

 

AP-WF-11-01-18 1041GMT