Wall Street opens lower as Italy’s budget, trade concerns weigh
U.S. stocks opened lower on Friday, the last trading day of the third quarter, weighed by bank stocks as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
U.S.-Mexico trade deal text to exclude Canada, irritating U.S. lawmakers
The Trump administration is expected to release the text of its trade agreement with Mexico as early as Friday, launching a contentious congressional approval process as it tries to coax Canada into a revamped North American Free Trade Agreement.
Wall Street and oil take third quarter spoils but bears maul others
Wall Street and oil were the big financial market winners in the third quarter of 2018, while trade tensions, emerging market crises and central bank policy tightening tipped several other assets into bear markets.
German government, carmakers close to diesel deal: sources
Germany’s government and carmakers are moving closer to a deal on measures to tackle pollution from older diesel vehicles, sources familiar with the matter told Reuters, ahead of a government summit on the issue on Friday.
Exclusive: Europe to tell G20 rising trade tensions can seriously hit global growth
European Union countries will tell the world’s financial leaders next month that rising trade tensions can have a “serious adverse” effect on global growth and that they should reject protectionism and commit to solving disputes through the WTO.
U.S. consumer spending rises; monthly inflation slows
U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
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.
Italy budget worries hit European markets
Italy’s government bonds, European stock markets and the euro were hit hard on Friday after Rome agreed to set a higher than expected budget deficit target that could put it on a collision course with Brussels.
Exclusive: Insider favored as Airbus speeds up CEO search – sources
Airbus is moving swiftly toward appointing planemaking head Guillaume Faury as its next chief executive after accelerating the search for a successor to outgoing Tom Enders to address a growing leadership vacuum, people familiar with the matter said.
Novo Nordisk to cut 250 jobs in the United States
Denmark’s Novo Nordisk will cut around 250 jobs in the United States, a spokesman told Reuters on Friday, adding the drugmaker would also hire an as-yet undetermined number of staff to new positions.
