Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia.
US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
The new North American free trade pact would modestly boost the US economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the US International Trade Commission showed.
Spain’s unemployment rate edged closer to 15 per cent in the first quarter as its services sector shrank, highlighting a persistent weak link in the economy days before a hotly contested national election. The rate rose to 14.7 per cent from 14.45 per cent in the last three months of 2018, data showed on Thursday.
New orders for US-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.
US job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labour market,
Stock markets on both sides of the Atlantic rose on Friday, hailing US jobs data that confounded expectations, showing the lowest unemployment rate in half a century.
US Secretary of State Mike Pompeo met Prime Minister Narendra Modi on Wednesday morning in his country's first high-level engagement with India after Modi returned to power with a thumping election victory.
Deutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender The bank will also scrap its global equities business and scale back its investment bank.
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.