Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, after a report of such a settlement had driven shares as much as 11% higher.
The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada.
Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008.
Canada's economy shed a net 24,200 jobs in July, driven by a decline in wholesale and retail trade, official data showed on Friday, as Canada's job market remained in a holding pattern for the third consecutive month.
Canada's economy lost a net 24,200 jobs in July, both in full-time and part-time work, Statistics Canada said on Friday. The jobless rate edged up to 5.7%.
U.S. producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Federal Reserve to cut interest rates again next month.
Crippled California power company PG&E Corp reported a rise in quarterly losses on Friday and forecast more costs related to the 2017 and 2018 wildfires that have forced it to file for bankruptcy and seek new public and private financial support.
U.S. stocks were set to open lower on Friday, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain's economy.
Bayer AG has not proposed paying $8 billion to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.
Trade war worries and the prospect of early elections in Italy and Britain hit European markets hard on Friday, while the search for safety left gold on course for its best week in three years, Japan's yen near an eight-month high and bonds surging.
Prosecutors in Stuttgart, Germany are set to fine Mercedes-Benz parent Daimler between 800 million euros ($895 million) and 1 billion euros for diesel-related violations, German magazine Der Spiegel said in its online edition on Friday.
Signs of further escalation of the trade war between the United States and China and weak economic data from the United Kingdom weighed on global markets Friday, capping a volatile week that has pushed gold up to its highest level in six years.
U.S. stocks edged lower on Friday after rebounding strongly a day earlier, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain's economy.
Oil prices rose on Friday, supported by a drop in European inventories and expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008.
As global economic uncertainty has caused interest rates to tumble, high-dividend stocks have started to outperform low-dividend stocks.