Inflation in the US rose to 1.9 percent last month from 1.7 in July. This gave investors reason to speculate about a possible interest rate hike in December. They are now waiting for signals from the Fed. However, core inflation, which is important for the Federal Reserve in determining interest rate policy, remained at 1.7 percent, and therefore did not come closer to the desired level of just 2 percent.
The number of applications for unemployment benefits fell in line with expectations last week. A week earlier, the number of support applications increased strongly by Hurricane Harvey’s aftermath, which had suffered many companies. The US indices closed the session with mixed results as the Dow Jones rose 0.20% to 22 203.48 points while both the S&P 500 and NASDAQ reported decline of 0.11% and 0.48%, respectively.
KKR has received the green light from the European Commission to buy Dutch car park operator Q-Park. In mid-June, the shareholders of Q-Park unanimously accepted the offer to proceed with the deal. After this change of ownership, the management of Q-Park will remain in place: Franck de Moor will remain Chairman of the Board and Marcello Iacono will play the role as CFO.
Car rental company Hertz lost more than 12 percent after Morgan Stanley analysts downgraded its shares from Equalweight to Underweight and lowered PT by $2 to $14.
“Destructive weather events present a material short-term increase to pricing, but we believe this is more than in the share price,” Adam Jonas wrote. “Structural issues with the car rental model remain.”
Orange and Netflix have extended their partnership to all the countries in which Orange is present on the occasion of the renewal of the agreement reached in 2014 for the distribution of Netflix on Orange TV in France. This strategic partnership will enable the subsidiaries of the operator in Europe, Africa and the Middle East to distribute Netflix in the future and thus make their customers benefit from its contents. In the coming months, Netflix will be offered to Orange Poland customers within its TV offer. Further launches will follow in 2018.