Take Five: 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.
Alibaba cuts sales forecast on economic uncertainty, trade fears
China’s Alibaba Group Holding Ltd lowered its full-year sales forecast on Friday due to concerns about the economic impact of a U.S.-China trade spat, which the company expects will dent revenue ahead of its top sale season.
Chevron quarterly profit doubles as U.S. oil production jumps
U.S. oil and natural gas producer Chevron Corp said on Friday its quarterly profit doubled as record oil and gas production helped overcome a series of one-time items.
U.S. expected to give eight countries Iran sanctions waivers: sources
The United States is expected to spare eight countries from U.S. sanctions because they have significantly cut imports of Iranian oil, two sources familiar with the matter said on Friday.
AbbVie expects double-digit earnings growth in 2019
AbbVie Inc said on Friday it was confident that its earnings would grow in the double digits in 2019, in spite of the launch of biosimilar versions of its best-selling rheumatoid arthritis drug Humira in the European Union.
Bumper U.S. wage data cheers dollar, shares roar on trade hopes
World shares rallied on Friday on hopes that the United States and China were starting to repair their badly damaged trade relations, while bumper U.S. wage data helped the dollar regain some strength.
U.S. job growth jumps; annual wage gain biggest since 2009
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
Apple loses $1 trillion status after soft holiday forecast
Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figu…
Exxon Mobil profit tops estimates but production falls
Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.
Tesla develops plan to make 3,000 Model 3s per week in Shanghai to cut tariff impact
Tesla Inc said on Friday that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3 to reduce the impact of tariffs.
