Realtime Business News, Economic News, Breaking News and Forex News

U.S. Stocks Close Sharply Lower On Lingering Trade War Worries

Stocks moved sharply lower over the course of the trading session on Monday, adding to the losses posted last week. The major averages came under pressure early in the session and slid more firmly into negative territory as the day progressed.

6 Top Gainers In Healthcare Sector (SOLY, PFNX, VRAY…)

The following are some of today's top gainers in the pharma/biotech sector.

Asian Markets In Negative Territory

Asian stock markets are in negative territory on Tuesday following the weak cues overnight from Wall Street amid worries about a prolonged U.S.-China trade war and the political unrest in Hong Kong. The Argentine peso's sharp fall against the U.S. dollar after Argentine President Mauricio Macri's loss in primary elections further dampened investor sentiment.

European Economics Preview: UK Labor Market Data Due

Labor market data from the UK and economic sentiment from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to release Germany's final inflation data and wholesale prices. Economists expect the statistical office to confirm 1.7 percent consumer price inflation for July.

White House

No Recession In View: White House Economic Adviser

White House economic adviser Larry Kudlow dismissed concerns about a possible recession in the wake of volatile global bond markets last week, which is seen as a predecessor of recessions. "There is no recession in sight. Consumers are working. Their wages are rising. They are spending and they are saving," Kudlow said in a television talk show, "Fox News Sunday". Citing data showing 0.7 per cent

US Adds 4 Chinese Nuclear Power Companies To Trade Blacklist

U.S. To Delay Imposing Tariffs On Certain Chinese Products

Congress

Economy

Thai GDP Growth Weakest In 5 Years; Govt Downgrades Outlook

Thailand's economic growth outlook was downgraded further after the economy logged its weakest growth in five years in the second quarter due to subdued domestic demand and exports. Gross domestic product expanded 2.3 percent year-on-year in the second quarter, slower than the 2.8 percent increase seen in the first quarter, the National Economic and Social Development Council said Monday.

European Economics Preview: Eurozone Inflation Data Due

U.S. Consumer Sentiment Shows Substantial Deterioration In August

U.S. Housing Starts Unexpectedly Slump But Building Permits Soar

Hong Kong Q2 GDP Growth Downwardly Revised

Taiwan Lifts 2019 Growth Projection

Malaysia's Q2 Growth Tops Expectations On Strong Consumption

European Economics Preview: Eurozone Foreign Trade Data Due

U.S. Business Inventories Unexpectedly Unchanged In June

Health

Super Jumper Trampolines Recalled After Reports Of Injuries

California-based Super Jumper Inc. recalled around 23 thousand trampolines that were sold for around eight years after injuries were reported.

Markets

Swiss Market Ends Higher For 2nd Straight Day

The Switzerland stock market ended on a high note on Monday, extending gains from previous session, as investors continued to pick up stocks, betting on more stimulus from global central banks.

Business

SSR Motorsports Recalls Certain Competition Motorcycles

SSR Motorsports recalled about 420 units of competition off-road motorcycles citing crash and injury hazards. The company noted that the vehicle's front fork assembly can fail during use, causing the rider to lose control and crash. The company received three reports of the front fork assembly failing, and two incidents out of that resulting in bruising.

Cryptocurrency NEW

MasterCard Building Own Cryptocurrency Team?

MasterCard is building its own cryptocurrency team, according to a report by New York Post. The recruitment listing reportedly says, "Do you have the desire to work at the cutting-edge intersection of payments and cryptocurrencies?" MasterCard is already trialling blockchain and crypto products. It recently teamed up with crypto loans company Nexo to roll out a co-branded crypto credit card. Read More

FDA Monitor

Biotech Stocks Facing FDA Decision In August 2019

After having had a banner year for new drug approvals in 2018, hitting a record number of 59, it looks like the pace of FDA approval is slowing down this year. Only 16 new drugs have been greenlighted so far this year compared to 26 during the same period last year. Let's take a look at the companies that await a ruling from the FDA in August 2019. Read More

Biotechnology

Roche Reports FDA Approval Of Rozlytrek - Quick Facts

Roche (RHHBY) announced the US FDA approval of Rozlytrek for the treatment of adults with ROS1-positive, metastatic non-small cell lung cancer. Also, the FDA has granted accelerated approval to Rozlytrek for the treatment of adult and paediatric patients... Read More

Technology

Apple CEO Makes A 'good Case' About China Tariffs

U.S. President Donald Trump said he discussed with Apple Inc.'s CEO Tim Cook about the impact of the U.S. tariffs on goods imported from China as well as the competition for Apple from South Korea's Samsung Electronics Co. Cook reportedly warned Trump that the tariffs on Chinese imports would hurt Apple's business as the tech giant relies heavily on manufacturing in China.

Date	Indicator	Period	Country
08/19/19 5:0	Financial Account Balance - BoP	JUN	Bulgaria
08/19/19 5:0	Current Account Balance - BoP	JUN	Bulgaria
08/19/19 5:0	Capital Account Balance - BoP	JUN	Bulgaria
08/19/19 5:0	Unemployment Rate	JUL	Croatia
08/19/19 5:0	Core CPI (Y-o-Y)	JUL	Eurozone
08/19/19 5:0	Core CPI (M-o-M)	JUL	Eurozone

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FDA Calendar

Event Date	Symbol	Drug Name	Event Name
10/24/19	MLNT	BAXDELA (sNDA)	FDA decision on BAXDELA seeking to include adult patients with community-acquired bacterial pneumonia,
10/24/19	TSRO	Zejula (sNDA)	FDA decision on Zejula for the Late Stage Ovarian Cancer
10/19/19	CLSD	XIPERE (NDA)	FDA decision on XIPERE for Suprachoroidal Injection for macular edema associated with uveitis
10/19/19	ALXN	Ultomiris (sBLA)	FDA decision on Ultomiris for the Treatment of Atypical Hemolytic Uremic Syndrome (aHUS)
10/15/19	NVS	Brolucizumab (BLA)	FDA decision on Brolucizumab for the treatment of wet age-related macular degeneration

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Bond Markets Treasuries Give Back Ground Following Recent Strength Treasuries Extend Upward Trend Following Slew Of Data Treasuries Show Strong Move To The Upside On Economic Worries Treasuries Give Back Ground In Reaction To Tariff Delay Read More	Commodities Gold Prices Dip On Improved Risk Appetite Oil Prices Climb After Saudi Oilfield Attack Crude Oil Futures Rebound, Settle Modestly Higher Gold Futures Settle Lower Read More	Currencies U.S. Dollar Turning In Lackluster Performance After Slew Of Data U.S. Dollar Shows Moderate Move The Upside U.S. Dollar Jumps On Delay In Tariffs On Certain Chinese Products Read More
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Entertainment Read More	Mergers & Acquisitions PolyOne To Sell PP&S Business To SK Capital Partners For $775 Mln In Cash Mitie To Sell Catering Business To CH&CO For Up To GBP 85 Mln In Cash Applied Industrial To Buy Olympus Controls; Terms Not Disclosed - Quick Facts Sterling Construction To Buy Plateau Excavation - Quick Facts Read More	Industries No Recession In View: White House Economic Adviser MasterCard Building Own Cryptocurrency Team? Apple CEO Makes A 'good Case' About China Tariffs Plant-based JUST Egg Coming To Kroger Stores Read More