Financial News

Friday, January 31st
January 31, 2020
AP-NC Newswatch
January 31, 2020
Financial News

 

 

Shares mixed in Europe and Asia … AA pilots sue over coronavirus … Eurozone economy records worst year since 2013

 

UNDATED (AP) – Shares were mixed in Europe and Asia today, with Britain’s FTSE 100 slightly lower as the midnight departure of the UK from the European Union loomed. In early trading, the FTSE 100 lost 0.3%, while Germany’s DAX gained 0.3%. The CAC 40 in Paris also rose 0.3%. Japan’s Nikkei closed 1% higher, while Hong Kong’s Hang Seng fell 0.5%. Taiwan’s benchmark picked up 0.6%, while South Korea’s Kospi skidded 1.4%. Wall Street is expected to have a slow start, with S&P futures down 0.3% and Dow futures down 0.2%.

 

DALLAS (AP) – American Airlines pilots have sued their company to make it stop all flights to China immediately because of the coronavirus outbreak. The Allied Pilots Association, which represents American’s 15,000 pilots, asked a state district court in Dallas for an injunction to halt the flights immediately. The union’s president is directing his members to reject assignments to fly to China, and for those there to leave the country as soon as they can. American says it will suspend flights between Los Angeles and Beijing or Shanghai beginning Feb. 9.

 

LONDON (AP) – The eurozone economy, which is made up of the 19 countries that use the euro currency, ended 2019 with a whimper and recorded its worst year of growth since the height of the single currency bloc’s debt crisis in 2013. In its first estimate for the quarter, statistics agency Eurostat says the eurozone grew by only 0.1% from the previous three-month period, its lowest rate since the first quarter of 2013. The growth recorded was lower than the 0.2% anticipated in the markets and was largely due to the fact that two of the eurozone’s biggest economies, France and Italy, both contracted.

 

BERLIN (AP) – Germany’s Lufthansa and a union representing cabin crew have agreed on a wide-ranging arbitration process to resolve a long-running dispute. The agreement staves off further strikes for the time being. Lufthansa and the UFO union have been at loggerheads for months over many issues, including pay for some 22,000 cabin crew members and the union’s legal status. Walkouts have resulted in some 2,000 flight cancellations.

 

ATLANTIC CITY, N.J. (AP) – With legal sports betting spreading throughout the U.S., this year’s Super Bowl could be among the most bet-on championship games ever. Sunday’s game will be only the second since a U.S. Supreme Court ruling that opened the door for all 50 states to offer legal sports betting. So far, sports betting is available in 14 states. The most popular bets continue to be on the point spread and the over/under. There are also numerous prop bets people can make on things that happen during the game.

 

 

AP-WF-01-31-20 1136GMT