Apple’s sales warning hits European stocks as it places the blame on China January 3, 2019 Apple sent shockwaves through global markets last night after it issued a second consecutive warning against its sales performance, causing suppliers' stocks, European markets and emerging currencies to spiral. Chief executive Tim Cook cut Apple's quarterly sales target late last night, blaming weak iPhone sales in China and fewer customers upgrading their iPhones in an open [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Stock predictions 2019: Which stocks and shares will do well this year? January 2, 2019 After a tumultuous year in the markets with Brexit uncertainty, the threat of trade war and rapidly changing consumer habits, the FTSE 100 suffered its worst year since the financial crisis in 2018, ending it 12.5 per cent down. While there is no sign that 2019 will be any less eventful, with the date Britain [...]
Global stock markets and sterling slide as economic slowdown fears continue into new year January 2, 2019 Global markets have started the year in the red as investors struggle to shake off the economic slowdown fears that plagued stocks last year, while the pound has taken a more than one per cent hit against the dollar on the first day of 2019 trading. The FTSE 100 was down more than one per [...]
Brexit stockpiling helps UK manufacturing hit six-month high January 2, 2019 Manufacturers are in an “edgy mood” despite Brexit stockpiling and other preparations pushing the sector to a six-month high amid concerns of a global slowdown, according to a closely followed measure of industry activity. Businesses stockpiling raw materials and goods at near-record rates to mitigate supply chain disruptions as Britain leaves the EU accounted for [...]
Chinese cinemas show bumper profits, but growth slows January 1, 2019 Growth in China’s box office takings dropped to nine per cent in 2018, a reduction from the year before, state media has reported. The world’s second largest market for movies increased to 60.98bn yuan (£7bn) last year, but the pace of growth slowed from 13.45 per cent. Despite some big-budget flops, domestic films made up [...]
Trump claims China trade deal on the cards after ‘long and very good’ phone call with Xi December 30, 2018 Donald Trump has stoked fresh hopes the United States’ trade war with China is nearing its end, following a conversation with Chinese President Xi Jinping. The United States President tweeted: “Just had a long and very good call with President Xi of China. Deal is moving along very well.” He added the trade deal would [...]
Nissan to cut back Chinese car production in opening of 2019 as US-China trade war slows sales December 28, 2018 Nissan has cut back its Chinese production plans for the first months of 2019, amid falling demand in the world’s biggest car market, according to reports. The company has followed Ford and Hyundai in cutting production, reportedly planning to make 30,000 fewer cars in the period to the end of February. China’s trade war with [...]
Chinese city leads global house price growth as Europe lags behind December 20, 2018 The Chinese city of Xi’an recorded the highest level of house price growth this year as Asia pulls ahead of a sluggish European market. House prices in Xi’an, which is the capital of Shaanxi Province in central China, grew 20 per cent in the year to September, according to Knight Frank’s Global Residential Cities Index. [...]
Oil prices hit new 14-month low after global selloff December 20, 2018 Oil prices fell to another 14-month low earlier today as markets worried a slowdown in the US economy could hit demand. The Brent crude standard dropped over four per cent to breach the $55 per barrel mark, landing as low as $54.82. Speculators were spooked after international markets fell on the US Federal Reserve’s decision [...]