Reuters Before the Bell: World shares go weak as data disappoints, dollar extends power surge

Click to View in Browser Thursday, February 7, 2019 World shares go weak as data disappoints, dollar extends power surge Mounting global growth worries thrust share markets into reverse on Thursday, while the dollar scored its longest winning run since a hot streak in early October that helped trigger a wave of worldwide 'bear' markets. Fiat Chrysler shares fall 10 percent as 2019 guidance disappoints Fiat Chrysler (FCA) shares fell 10 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker's longer-term targets. Volvo Cars feels margin pressure from U.S.-China tariff war Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China. Volvo Cars courts investors to raise cash for Polestar, CEO says Volvo Cars is talking to Chinese investors as well as U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish carmaker's CEO said on Thursday. BB&T to buy SunTrust in biggest bank deal since 2009 BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis. Twitter forecast first-quarter revenue below estimates, shares fall Twitter Inc forecast first-quarter revenue below Wall Street estimates and reported a drop in users for the fourth quarter on Thursday, sending its shares down 8 percent in early trading. Italy denies it will ban Huawei, ZTE from its 5G plans Italy has denied a report it will ban China's Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network. Bankers suggest Russian firms delist as sanctions uncertainty bites Uncertainty caused by the expansion of U.S. sanctions on Russia last year has pushed companies' share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges. Democratic Senators renew call for Deutsche Bank probe at banking committee Two Democratic U.S. Senators - one of whom is a presidential candidate - renewed their calls on Thursday for a probe by the Senate banking committee into Deutsche Bank laundering allegations, according to a letter seen by Reuters. Renault to alert prosecutors over ex-CEO Ghosn's wedding costs Renault is investigating a sponsorship deal with the Chateau de Versailles that included a 50,000 euro ($57,000)personal benefit to its scandal-hit former chairman Carlos Ghosn, the carmaker said on Thursday. Related Video Europe markets: TUI burnt by summer heatwave; Thomas Cook to dish up airline sale? Airbus A380 under threat as Qantas pulls order Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook