Take your pick from these iconic buildings that have been repurposed as amazing homes
European stocks closed in the red on Friday as traders continue to digest the outlook for the global economy following a hotter-than-expected US non-farms job report.
In London, the FTSE 100 (^FTSE) fell 0.2% at close, a day after Fitch joined other credit ratings agencies forecasting a dim outlook for the economy as it lowered the credit outlook for British government debt to "negative" from "stable".
The CAC 40 (^FCHI) was 1.1% lower in Paris, and in Frankfurt the DAX (^GDAXI) slid 1.4% on the day.
Read more: Pound slips against dollar as US jobs data fuels rate rise best
"Worries are firing in from all fronts following the latest robust snapshot on the US labour market," Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown said.
"Investors are simultaneously fretting that the fall in the pace of hirings indicates a slowing economy, but also that the better than expected data shows that the jobs markets hasn’t slowed enough to stop the Fed from hiking rates aggressively."
Meanwhile. Britain's higher borrowing costs appear to have had an impact on the property market after Halifax said average house prices declined by 0.1% in September. Annual growth fell to 9.9% from 11.4% in August.
It comes as Bank of England (BoE) has said that its £65bn ($73bn) intervention in the gilt market last week saved the UK from being on the brink of a financial crisis.
A letter from Sir Jon Cunliffe, deputy governor of the BoE, highlighted that there was fear of “severe disruption of core funding markets and consequent widespread financial instability.”
Cunliffe added that pension funds would have been forced to dump £50bn worth in government bonds into a chaotic market.
Read more: Bank of England says £65bn intervention prevented financial crisis
Across the Atlantic, Wall Street indices lost steam, opening lower on Friday after the latest jobs data escalated recession fears and higher-for-longer interest rates bets.
The benchmark S&P 500 (^GSPC) lost 2%, the tech-heavy Nasdaq (^IXIC) dipped 2.8%, while the Dow Jones (^DJI) declined 1.4% at London's close.
Non-farm payrolls increased by 263,000 in September, compared to a consensus estimate of around 250,000, whereas in August hirings rose by 315,000.
The unemployment rate came in at 3.5%, down from 3.7%, highlighting how resilient the labour market still is to the ramping up in rates.
"The 263,000 gain in non-farm payrolls in September is another signal that labour market conditions are cooling," said Andrew Hunter, senior US economist at Capital Economics. "But with the unemployment rate dropping back to 3.5% the report is unlikely to significantly alter the Fed’s view that the labour market is out of balance."
Asian markets closed lower overnight as a global rally ran out of steam.
The Hang Seng (^HSI) lead the losses, closing down 1.3% in Hong Kong and the Nikkei (^N225) fell 0.7% in Tokyo. The Shanghai Composite (000001.SS) remained closed due to a holiday.
AKZOY, BTDPY, and AHKSY have been added to the Zacks Rank #5 (Strong Sell) List on October 12, 2022.
(Bloomberg) — The Biden administration is considering a complete ban on Russian aluminum — long shielded from sanctions due to its importance in everything from automobiles and skyscrapers to iPhones — in response to Russia’s military escalation in Ukraine.The White House is eyeing three options: an outright ban, increasing tariffs to levels so punitive they would impose an effective ban, or sanctioning the company that produces the nation’s metal, United Co. Rusal International PJSC, accordi
Harry Kane admits it has always been part of his personality to prove people wrong and he is focused on scoring a first Champions League goal this season in Tottenham’s home game with Eintracht Frankfurt
Two goals from Son Heung-Min and a Harry Kane penalty gave Spurs a 3-2 win over Eintracht, who scored through Daichi Kamada and Faride Alidou
Wall Street's main indices crept higher but gains were capped after new inflation data came in.
Global Small Modular Reactor Market Global Small Modular Reactor Market Dublin, Oct. 13, 2022 (GLOBE NEWSWIRE) — The "Global Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Industrial), Coolant and Region – Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The global small modular reactor market is projected to reach USD
The fundamental goals of remote sensing services are to characterize and monitor terrestrial and surface features, such as forests, deserts, urban cities, and agricultural fields. Remote sensing services play a vital role in the scientific understanding of environmental processes, such as carbon capture and albedo change.New York, Oct. 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Remote Sensing Services Market by Application, Platform, End Use, Resolution, T
Crypto investment products firm 21.co said on Wednesday its subsidiary 21Shares AG has listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the Middle East's first physically-backed bitcoin ETP. Dubai has ambitions to become a global cryptocurrency hub and has attracted big industry players to set up shop like Binance, which went on a UAE hiring spree this year and is helping to shape the Middle East commercial hub's virtual assets regulations. Following the Dubai listing, 21Shares has 46 listed products in seven countries, 21.co added.
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 12, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Hydrogels Industry" – https://www.reportlinker.com/p05896103/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformComplimentary update
The category measures those who spend more than 70% of take-home pay on mortgages and other essentials.
Governor Andrew Bailey said support for troubled pension funds will end as scheduled on 14 October, causing the pound to fall.
Brexit and tougher regulation blamed for decline in number of people using the loophole
Summary clinical trial report, “Psoriatic Arthritis Clinical Trial Analysis by Trial Phase, Trial Status, Trial Counts, End Points, Status, Sponsor Type, and Top Countries, 2022 Update" provides an overview of Psoriatic Arthritis Clinical trials scenario.New York, Oct. 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Psoriatic Arthritis Clinical Trial Analysis by Trial Phase, Trial Status, Trial Counts, End Points, Status, Sponsor Type, and Top Countries, 2022 U
GTT receives an order from Samsung Heavy Industries for the tank design of four LNG Carriers Paris – October 11th, 2022. GTT announces that it has received, in the third quarter, an order from its partner the Korean shipyard Samsung Heavy Industries for the tank design of four new LNGCs1, including two on behalf of an Asian ship owner and two on behalf of an American ship owner. As part of this order, GTT will design the tanks of the vessels, which will offer a cargo capacity of 174,000 m3 each
The Bank of England has lashed out at fellow City regulators over the pension market fiasco after an intervention by Andrew Bailey triggered a surge in borrowing costs.
Toronto and Frankfurt are heading for the steepest house price crashes as soaring interest rates threaten to burst the world’s biggest housing bubbles, according to an investment bank.
Abstract: What’s New for 2022?? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 12, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Cancer Therapies Industry" – https://www.reportlinker.com/p05817674/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformComplimentar
Abstract: What’s New for 2022?? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global In Situ Hybridization (ISH) Industry" – https://www.reportlinker.com/p06232859/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformC
Abstract: What’s New for 2022?? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global 2-Shot Injection Molding Industry" – https://www.reportlinker.com/p05960751/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformComp
The demand for aesthetic treatments among men is rising, which is fueling the growth of this market, also factors like the rising adoption of minimally invasive and noninvasive aesthetic procedures, the rising adoption of aesthetic procedures among geriatric people, the availability of technologically advanced and user-friendly products.New York, Oct. 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Medical Aesthetics Market by Product, End User – Global Forecas