In its autumn forecasts European commission has revised down the growth forecasts for European Union and euro area. The report said, “Annual GDP growth in the EU this year is now projected to be 1.3%, while growth in the euro area is expected to be 0.8%.”
Industry
U.S. jobs data to show economy's resilience
U.S. employers likely hired new workers at a fairly brisk clip last month, underscoring the economy's resilience in the face of slowing global demand.
China gold and jewels exports spike points to hot money revival
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts, raising the prospect the central bank could again act to weaken the yuan and punish speculators.
Australia jobs rebound, A$ still hits four-year trough
Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to four-year lows.
Strong book sales push News Corp profit above estimates
News Corp (NWSA.O), publisher of the Wall Street Journal, reported quarterly revenue and profit above estimates, helped by higher sales at its book publishing and online real estate businesses.
Latest News
A group of cybersecurity firms funded by big banks plan to launch a platform that will allow financial companies to communicate faster about potential cyber breaches, the Wall Street Journal reported.
China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.
Factories across Asia and the euro zone reported a general loss of momentum last month that speaks volumes about the need for more policy stimulus on top of Japan's latest efforts to ignite growth.
Publicis (PUBP.PA), the world's third-largest advertising holding company, has agreed to buy digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.
Thai energy drink maker Carabao Group PCL has set the price range of an initial public offering (IPO) at 26 to 28 baht a share, to raise up to 7 billion baht ($214.72 million), people with knowledge of the sale said.
The yen fell to a fresh seven-year low against the dollar early on Monday, extending a massive selloff sparked by the Bank of Japan's surprise decision to boost its already huge bond-buying stimulus.
China's national civil aviation authority says the country will need to train about half a million civilian pilots by 2035, up from just a few thousand now, as wannabe flyers chase dreams of landing lucrative jobs at new air service operators.
Bank of Japan Governor Haruhiko Kuroda does not need to convince Japanese people like Kazue Shibata that deflation brings problems, but getting them to believe that higher prices will make things better is proving to be a harder sell.
A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility.
