Financial News

Financial News
July 16, 2018
AP-NC Newswatch
July 17, 2018
Financial News

 

 

 

World markets mixed … Hoping for a better Prime Day … EU-Japan signing trade deal

 

SINGAPORE (AP) – World markets are mixed today in narrow trading as investors await Federal Reserve Chairman Jerome Powell’s testimony to Congress. Germany’s DAX rose 0.1 percent and the CAC 40 in France was barely changed. The FTSE 100 index remained almost flat. Most Asian indexes closed lower. Wall Street is expected to have a flat opening ahead of the release of industrial production figures. Dow futures are less than 0.1 percent higher and the broader S&P 500 futures are less than 0.1 percent lower.

 

NEW YORK (AP) – Amazon is hoping all the Prime Day problems are over. When Prime Day began yesterday afternoon, shoppers got only images of dogs with the words, “Uh-oh. Something went wrong on our end.” People took to social media to complain that they couldn’t order items. About an hour and a-half later, many Prime Day links were working.

 

LONDON (AP) – Official figures show that wage growth in the U.K. moderated in the three months to May, a development that’s unlikely to dislodge expectations that the Bank of England will raise interest rates next month. The Office for National Statistics says that average weekly earnings during the period were 2.7 percent higher than the year before.

 

LONDON (AP) – The official group campaigning for Britain’s exit from the European Union at the 2016 EU referendum has been fined and referred to the police for breaking electoral law. Britain’s Electoral Commission says the “Vote Leave” group, backed by senior politicians including former foreign secretary Boris Johnson, failed to declare 675,000 pounds ($894,000) it spent with data firm Aggregate IQ.

 

TOKYO (AP) – The European Union and Japan are signing a widespread trade deal today that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by President Donald Trump’s policies. The signing in Tokyo for the deal, largely reached late last year, is ceremonial.

 

 

AP-WF-07-17-18 1046GMT