The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
European stocks closed lower on Thursday after the IMF said the euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy.
In a report published on Thursday afternoon, the International Monetary Fund (IMF) also called for fresh stimulus from the ECB.
"Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB's objective," it said. "They welcomed the recent extension of forward guidance to help achieve a sustained pickup in inflation. Targeted macroprudential policies could be used to address any financial stability risks."
The pan-European Stoxx 600 was in negative territory at the closing bell, with all major bourses in the red.
Stocks on Wall Street were also lifted by Wednesday's testimony by Federal Reserve Chair Jerome Powell, which signaled that easier monetary policy could be implemented later this month.
Powell told the House Financial Services Committee in a prepared testimony on Wednesday that the central bank will "act as appropriate" to sustain expansion as "crosscurrents" are weighing on the economic outlook.
Back in Europe, the Bank of England's Financial Stability Report on Thursday suggested that British banks hold enough capital to cope with the simultaneous risks of a no-deal Brexit and a global trade war, but warned that a slide in overseas investment into some British assets due to Brexit does pose a risk to the wider economy.
France's Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the U.S. Trade Representative Robert Lighthizer said Wednesday that President Donald Trump has ordered a probe into whether the planned "digital services" tax is an unfair trade practice that targets U.S. companies.
In corporate news, Deutsche Bank shareholders will have the opportunity to grill CEO Christian Sewing on how he plans to deliver on the German lender's revenue growth targets during a global roadshow. Sewing is seeking shareholder backing for a massive 7.4 billion euro ($8.4 billion) restructuring program. Deutsche Bank shares were up 0.9% on Thursday.
Swiss Re has suspended the $4.1 billion IPO (initial public offering) of its U.K. life insurance business due to market conditions. The reinsurance giant's stock pared early losses to end the session around the flatline.
In terms of individual stock performance, German packaging manufacturer Gerresheimer topped the Stoxx 600, jumping 13.7% after reporting a strong second quarter, with net income more than doubling.
At the other end of the table, British online supermarket Ocado saw its shares fall 6% during afternoon trade, after U.S. retailer Kroger announced that the two companies would invest $55 million in a "customer fulfillment center" in Georgia, an automated warehouse facility with digital and robotic capabilities.
Swiss chemical company Sika shed 4% after UBS downgraded the stock from "neutral" to "sell."