FIRST AIRED: October 26, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> So much for a bounce. Global stocks resuming their downward march on Friday. Blame Amazon and Google, the US tech giants missing forecasts in results reported late Thursday. That had Asia and then Europe in the red. The MSCI Asia index on course for five weeks of losses. It's worst losing streak since 2015.
00:00:22
Japanese stocks down over 5% on the week. No relief in Europe either. Benchmark index is all down 1.5% or more in Friday trading. Stocks in the region say for the biggest monthly drops since August 2015. Earning season not helping sentiment either with the slow of warnings from corporate giants and it's not just about text talks, banks too, RBS among the latest.
00:00:48
The British lender warning of uncertainty ahead as Brexit approaches. And industrials shares of Exectrolux tumbling after the household appliance maker warned about the impact of trade wars. Concerns about global growth and US rate rises underlying it all. Both brought into focus by US GDP numbers out Friday. And with market sentiment this fragile, any disappointment is sure to be another negative for equities.