Finacial and economical news for 6 6 2018
Here are some financial and economic news headlines from June 6, 2018:
Global Economy
- The International Monetary Fund (IMF) cut its global growth forecast for 2018 to 3.9%, citing trade tensions and rising debt levels. (Source: Reuters)
- The World Bank warned that the global economy is facing a growing risk of recession due to rising trade tensions and financial market volatility. (Source: Bloomberg)
Stock Markets
- The S&P 500 index fell 0.4% to 2,695.95, while the Dow Jones Industrial Average dropped 0.3% to 24,815.23. (Source: CNBC)
- The Nasdaq composite index fell 0.5% to 7,533.41. (Source: CNBC)
Cryptocurrencies
- Bitcoin fell 2.5% to $7,444.45, while Ethereum dropped 3.1% to $475.45. (Source: CoinDesk)
- The total market capitalization of all cryptocurrencies fell to around $340 billion, down from a peak of over $800 billion in January. (Source: CoinMarketCap)
Economic Data
- The US Commerce Department reported that the US trade deficit widened to $46.2 billion in April, the largest deficit in five months. (Source: Reuters)
- The US Labor Department reported that initial jobless claims fell to 218,000 in the week ended June 2, the lowest level since March. (Source: CNBC)
Company News
- Amazon announced that it would acquire Eero, a startup that makes Wi-Fi routers, for an undisclosed sum. (Source: The Verge)
- Facebook announced that it would launch a cryptocurrency called Libra, which would be backed by a basket of currencies and would be available to users in 2020. (Source: The New York Times)
Central Banks
- The European Central Bank (ECB) kept interest rates unchanged and announced that it would end its asset purchase program in December. (Source: Reuters)
- The Bank of England (BoE) kept interest rates unchanged and announced that it would maintain its stimulus program. (Source: Bloomberg)
These are just a few of the financial and economic news headlines from June 6, 2018. If you're looking for more information, I can try to provide you with additional resources or articles.