1) Boeing has not received any new orders for its 737 since its grounding, in addition, Boeing has had 100 cancellations of orders. Its stock is down 19%, but worst its stockholders have filed a law suit against Boeing claiming the company has defrauded its investors because Boeing failed to disclosed safety issues concerning their 737 MAX-8.
2) British Prime Minister May has asked the EU (European Union) for a second extension. Britain will be leaving the EU this Friday if an extension is not granted, so the EU held an emergency summit to consider warnings that a crash-out might cause a recession. Last reports are that the EU will grant an extension to 31 October this year.
3) The ECB (European Central Bank) will leave interest rates steady, forecasting no change for 2019. The ECB is being forced to backtrack on its tightening monetary policy as signs of a world economic slowdown are increasing.
4) 10 APR 19 Stock market closing:
Dow 26,157.16 up 6.58 Nasdaq 7,964.24 up 54.97 S&P 500 2,888.21 up 10.01
Wall Street looks ahead after the Thanksgiving holiday, as Chinese stocks headed lower Friday, a day after Thanksgiving. The Asian session saw a 5% retracement for the day, as major Chinese indices hovered lower.
Next week US Federal Reserve Chairwoman Janet Yellen, will be speaking about raising the interest rates in the middle of December 2015. She will hit her point home about why the time is good now to raise the rates, as she has been indicating for the past several months.
The ECB (European Central Bank) will be meeting next week to speak about their easing rates program.
OPEC (Organisation of Petroleum Exporting Countries) will also meet to discuss oil prices, and oil production measures.
Week after Thanksgiving looking to be a very busy and tumultuous week for the economy and in finance: Economy & Finance Report, no pun intended. LOL-SB
Greece is still in negotiations with creditors about the debt it has encountered. Finance Minister, Yanis Varoufakis has indicated that the country is close in securing deals with many of its creditors and resuming relations with its creditors.
Greece still may be facing bankruptcy because of the risk of defaulting on their international creditors. In June, Greece finance treasury has to start repaying back the IMF (International Monetary Fund) and the ECB (European Central Bank). As currently Greece will have to choose in either paying back the IMF & ECB or paying off their own citizens pensions and wages. -SB