Danske shares slide as U.S. criminal inquiry spooks investors
Danske Bank’s deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S. criminal investigation into its Estonian branch.
Atlanta Fed keeps U.S. third-quarter GDP growth view at 4.1 percent
The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday, following the release of the latest payrolls and trade data.
U.S. job growth slows; unemployment rate falls to 3.7 percent
U.S. job growth slowed sharply in September, likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.
Stocks fumble globally amid U.S. jobs data, Treasury yields rise
Stock markets sagged around the world on Friday after the release of U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while longer-dated Treasury yields rose.
Oil prices climb, supported by U.S. jobs data, Iran sanctions
Crude futures edged higher on Friday as U.S. unemployment data eased concerns about demand in the world’s top oil consumer, with both benchmarks set for a weekly gain ahead of U.S. sanctions on Iranian oil exports.
America First is hurting China’s business
The U.S. economy has pulled ahead this year, extending a lengthy expansion with help from President Donald Trump’s “America First” agenda and massive tax cuts, but upcoming data could illuminate the impact of his policies on global peers.
Abandoned by Unilever, Dutch prime minister forced to reconsider tax plan
Dutch Prime Minister Mark Rutte said his government would reconsider plans to scrap its dividend tax in a major political climbdown only hours after Unilever dropped plans to move its headquarters to the Netherlands.
Wall Street flat as bond yields gain on jobs data
U.S. stocks were little changed on Friday, kept in check by Treasury yields at seven-year highs after the September jobs report did little to alter the view that the Federal Reserve would continue to gradually raise interest rates.
J.P. Morgan to settle allegations of violating sanctions: U.S. Treasury
J.P. Morgan Chase Bank has agreed to pay $5.3 million to settle allegations it violated Cuban Assets Control Regulations, Iranian sanctions and Weapons of Mass Destruction sanctions 87 times, the U.S. Treasury said on Friday.
Wall Street opens flat after September jobs data
U.S. stocks opened flat on Friday after September jobs data showed further tightening in the U.S. labor market and moderate inflation pressures, doing little to deter predictions of gradual rate hikes by the Federal Reserve.
