Global Markets brief

20 July 06:50 PM 14 injured in knife attack in Germany
At least 14 people have been reportedly wounded, with two critically injured, in a knife attack on a bus in Germany, without fatalities.
20 July 06:15 PM Trump’s China tariffs could cost GE $400m – CEO
General Electric expects that the new duties on Chinese imports could increase its costs to a range from $300 million to $400 million.
20 July 05:55 PM Trump threatens tariffs on all $500bn Chinese imports
US President Donald Trump said that he is ready to levy tariffs on the total of $500 billion of imports from China.
20 July 05:21 PM Trump slams EU, China currency manipulation, criticises Fed interest hikes
US President Donald Trump on Friday ratcheted up his criticism of global monetary policy as well as the Federal Reserve (Fed) via Twitter.
20 July 04:43 PM GE profits decline in Q2 on weak power unit
General Electric reported on Friday that its earnings dropped 34% to $669 million in the second quarter of 2018.
20 July 03:45 PM 13 dead, 7 injured as Missouri storm sinks ‘duck boats’
At least 13 people, including children were killed and seven others were injured in Missouri, after a boat carrying tourists capsized during a thunderstorm.
20 July 03:00 PM US adviser blames China for stalling trade talks
White House adviser Larry Kudlow reiterated his blame to Chinese President Xi Jinping for the lack of progress in the US-China trade discussions
20 July 02:32 PM Trump invites Putin to Washington despite Helsinki summit criticism
US President Donald Trump extended an invitation to his Russian counterpart Vladimir Putin to visit Washington this autumn, while the trip is being discussed.
20 July 01:52 PM Microsoft quarterly profits rise 10% on Azure cloud business
Mubasher: Microsoft reported that its net income increased 10% year-on-year to $8.9 billion in its fourth quarter ended June 2018 from $8.1 billion.
20 July 12:37 PM Japan inflation inches up in June ahead of BOJ report
Japan's inflation gained momentum last June for the first time since four months, official data said on Friday.
20 July 12:19 PM UK public borrowing hits 11-yr low in Q2
The UK public sector net borrowing, excluding public banks, fell GBP 5.4 billion to GBP 16.8 billion ($21.9 billion) in the second quarter of 2018.
20 July 11:27 AM Eurozone current account surplus extends fall in May
The Eurozone’s current account surplus recorded a further decline last May, but it recorded a gain on a 12-month basis.
20 July 11:01 AM Oil rises, heads for weekly drop on surplus, demand concerns
Oil prices edged up on early Friday, but they were heading expectedly towards a weekly loss on worries about oversupply and waning demand.
19 July 07:08 PM Russian economy slows to 1.1% in June
Russia’s gross domestic product rose 1.1% in June in yearly terms in June, after growing 2.2% in the previous month, official data showed on Thursday.
19 July 06:59 PM Philip Morris logs $2.20bn profit in Q1
Philip Morris International Inc. on Thursday reported a profit rise for the three-month period ended 30 June 2018.
19 July 06:55 PM Global oil market seen erratic over coming months - analysts
Changes in the oil market would probably grow unpredictable in the coming months, analysts said.
19 July 05:37 PM US natural gas supplies rise; prices fall
The EIA reported that the country’s natural gas storage rose by 46 billion cubic feet (Bcf) the week ended 13 July, totalling 2,249 Bcf.
19 July 05:26 PM Volvo profit climbs 39.8% in Q2
Mubasher: Sweden's Volvo Car Group on Thursday reported a 39.8% year-on-year jump in its net income in the second quarter of 2018.
19 July 03:50 PM US weekly jobless claims fall to 207,000
Mubasher: US jobless claims fell 8,000 week-on-week to 207,000 claims in the week ended 14 July, signalling better labour market conditions.
19 July 03:45 PM Bank of New York Mellon Q2 profit hits $1.1bn
Mubasher: Bank of New York Mellon Corp. on Thursday reported a 14% year-on-year increase in its net profits in Q2-18.
19 July 03:23 PM IBM’s profit grows 3% in Q2
Mubasher: IBM posted a 3% year-on-year increase in its net income, recording $2.4 billion in the second quarter of of 2018.
19 July 02:13 PM Global device market to grow 0.9% in 2018 - Report
Mubasher: Global device shipments are on pace to grow 0.9%, totalling 2.28 billion units in 2018 from 2.26 billion last year.
19 July 01:35 PM Unilever sales rise 2.5% in H1 despite revenue fall
Consumer goods maker Unilever on Thursday announced an increase of 2.5% in its sales during the first six months of 2018
19 July 01:02 PM Swiss trade surplus expands in Q2, exports extend growth streak
Mubasher: Switzerland recorded a rise in its trade surplus in the second quarter of 2018, official data showed on Thursday.
19 July 11:54 AM UK retail sales climb 2.1% in Q2
Mubasher: Retail sales in the UK grew 2.1% year-on-year in the second quarter of 2018, registering the largest gain since February 2015.