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1 Article
Source: BBC

Growth 'stalls' as UK service sector slides

Thursday 09:56 GMT

She added: "Unless there is a particularly strong bounce back in December, GDP growth of 1.3% seems likely over 2018 as a whole, the weakest since the financial crisis."

Strip out July 2016, when firms were grappling with the referendum result, and this survey implies activity in the service sector is growing at its slowest rate for six years. In fact, the report claims that if firms didn't have backlogs of work to tackle, activity would have contracted last month.

2 Articles
Source: Common Domain

U.S. Stocks Extend Slide Amid Trade Tensions, Growth Fears

Saturday 12:41 GMT

Reassuring data on U.S. employment and wage gains in November’s jobs report did little to ease investor jitters, and as the day went on, fears about the impact of tariffs on the U.S. economy spurred more selling.

The Dow Jones Industrial Average tumbled more than 500 points Friday as investors continued to fret about trade-related tensions and the outlook for global growth, putting major indexes on track for weekly declines of more than 4%.

4 Articles
Source: Common Domain

Stocks Slide Following U.S. Jobs Report

Saturday 16:20 GMT

In recent sessions, stocks and bonds have swung wildly on the prospect of tighter U.S. monetary policy, as higher borrowing costs could hurt the economy at a time when markets are volatile and global economic growth is already showing signs of slowing.

U.S. government bond yields rose, with the yield on the benchmark 10-year U.S. Treasury note at 2.891%, according to Tradeweb, compared with 2.872% Thursday.

2 Articles
Source: DW

OPEC agrees to cut oil production, defying Trump

Saturday 17:16 GMT

Oil prices soared by more than five percent on Friday following news that the oil cartel OPEC and its allies have agreed to cut global production levels in 2019, directly defying a call from US President Donald Trump to keep production levels high.

Are expected to account for 0.8 million barrels per day of the cut, with the remainder coming from the production of Russia and other OPEC allies.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte