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Europe stocks sharply lower after US and Asia sell-off

Europe stocks sharply lower after US and Asia sell-off

Business
European stocks were sharply down in morning trade after concerns about a trade war and higher US bond yields stoked global investor concerns.In London, the FTSE 100 index of leading UK shares was down more than 1.7% at 7,020.Markets in Asia had plunged to a 19-month low after US shares suffered their worst losses in eight months.The global sell-off came as IMF head Christine Lagarde said stock market valuations have been "extremely high". In Paris, the Cac 40 share index was down 1.6% at 5,122 points, while in Frankfurt the Dax index fell nearly 1.5%.The FTSE 100 and the Cac 40 have fallen to their lowest levels since April, while the Dax is at its lowest since early 2017. ...
Facebook sees teen usage sharply decline, as rival apps gain in key demo: Report

Facebook sees teen usage sharply decline, as rival apps gain in key demo: Report

Technology
Facebook, the behemoth social media platform that has faced a raft of challenges in the past year, got more worrisome news yesterday: a new report showing its usage among teenagers sharply declining. A new survey from Pew Research Center says 51 percent of teenagers aged 13 to 17 reported using Facebook -- a 20 percentage-point drop from the center’s previous 2014-2015 survey. The decline reflects teens shifting to other apps and platforms, with YouTube, Instagram and Snapchat all overtaking Facebook in the coveted demographic. Eighty-five percent of teens reported using YouTube in the new report, while 72 percent and 69 percent said they used Instagram and Snapchat respectively. Facebook, formerly the most popular of the platforms in the survey, fell to fourth. Those numbers re...
CAD And NZD Fall Sharply On Central Bank Disappointment

CAD And NZD Fall Sharply On Central Bank Disappointment

Finance
Shutterstock photoDaily FX Market Roundup 09.27.17The U.S. dollar ended the day higher against all of the major currencies but by the end of the NY trading session, the currency had given up a large part of those gains. President Trump provided zero details on his tax reform plan, leaving the market with nothing more than the proposal released earlier. Its still going to be a long road to Congressional approval and the changes that we've seen so far are less encouraging than his campaign promises.  For this reason, we could see the dollar start to give up its gains as the tax reform excitement fades.  Fed officials including FOMC voter Dudley continued to express cautious despite last week's hawkish FOMC statement.  In his speech today, he said current Fed rates are likely a...