Europe battles Brexit blues, Wall Street faces tech stress
European stocks slipped again, and sterling and the euro remained volatile on Friday, as one of the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.
Dollar index hits one-week low on Fed officials’ cautious comments
The dollar fell to one-week lows against a basket of currencies on Friday as two Federal Reserve officials cautioned in separate television interviews about slowing global economic growth, raising doubts about the number of future rate increases.
Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
‘Mission Impossible’ powers Viacom profit and revenue beat
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of “Mission: Impossible – Fallout.”
Supply glut mars Turing effect for Nvidia shares
Worries about how fast the computing world will transition to Nvidia Corp’s next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips.
Europe battles Brexit blues, losses seen for Wall Street’s chipmakers
European stocks slipped again and sterling and the euro remained fragile on Friday, as one of the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.
Euro/dollar takes a breather as Brexit chaos dominates; yen boosted
Mounting uncertainty over Britain’s Brexit deal with the European Union cast a shadow over foreign exchange markets on Friday, with euro/dollar trading in a tight range and the yen benefiting from demand for currencies deemed safer.
Brexit front and middle in light week for data
Brexit will be foremost in investors’ minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.
‘Mission Impossible’ powers Viacom results beat
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, as its Paramount Pictures division gained from the success of “Mission: Impossible – Fallout”.
U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg
U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank’s Estonia branch, which is at the center of a money laundering scandal, Bloomberg reported on Friday…
