scorecard
  1. Home
  2. finance
  3. 10 things you need to know in markets today

10 things you need to know in markets today

10 things you need to know in markets today

2016 Rio Olympics - Judo - Preliminary - Men -100 kg Elimination Rounds - Carioca Arena 2 - Rio de Janeiro, Brazil - 11/08/2016. Toma Nikiforov (BEL) of Belgium and Beka Gviniashvili (GEO) of Georgia compete.

$4

Toma Nikiforov of Belgium and Beka Gviniashvili of Georgia compete in the Men's Judo at the Rio 2016 Olympics.

Good morning! Here's what you need to know in markets on Friday.

$4 According to China's National Bureau of Statistics (NBS), industrial output grew by 6.0% over the past year, below the 6.1% pace expected and 6.2% level seen in June.

Asian stock markets are higher despite the figures. China's benchmark Shanghai Composite is up 0.10% at the time of writing (6.30 a.m. BST/1.30 a.m. ET), Japan's Nikkei is up 1.04%, and the Hong Kong Hang Seng is up 0.68%.

$4 All three major indices - the S&P 500, the Dow, and Nasdaq - closed at all-time highs overnight.

Oil is climbing. Crude oil is up 1.13% to $43.98 at the time of writing (6.40 a.m. BST/1.40 a.m. ET), while UK Brent is up 0.80% to $46.41. $4 that Saudi Arabia's oil minister dangled the prospect of co-ordinated action to stabilise prices, boosting the black stuff.

Eurozone GDP figures are coming. Preliminary estimates of GDP growth in the second quarter of the year will be released by Eurostat at 10.00 a.m. BST (5.00 a.m. ET). Economists are forecasting 0.3% growth on the first quarter and 1.3% growth on the same quarter last year.

$4 If the Fed agrees, the extension would give banks more time to exit fund investments that are difficult to sell, but no longer allowed by the law. The added grace period, which follows three 1-year extensions, would start next year and run through 2022.

$4 The Pensions Regulator CEO Lesley Titcomb told the Financial Times that a new power to veto mergers and acquisitions in certain circumstances could better protect the 11 million members of final salary schemes in the private sector.

$4 The firm has promoted Jennifer Fox and Toby King as coheads of North America healthcare banking, according to an internal memo seen by Business Insider.

Airbnb is thinking>$4 about how to convince home-builders to create properties that have extra rooms included especially for being rented out, according to a new report from tech industry news website The Information.>$4 $4 "continually experimenting with new things and we don't have anything to share right now, but we have a few exciting things in the works."

$4 The hedge fund billionaire took to Twitter to express his dissatisfaction with the Democratic presidential nominee's economic proposals.

NOW WATCH: $4

READ MORE ARTICLES ON



Popular Right Now



Advertisement