European equities are trading, 30 minutes until the end of the friday session. Little changed on the day for the stoxx 600, which means its touch and go whether we will rise over the week. We are on track to gain for the third week, which is the best run since january 13, all these currencies are rising against the dollar today. Yields declining across europe today. It busy day for earnings. Lets get on with it, the biggest steelmaker in germany falling as much as 5. 5 earlier. The most since july. It now expects Free Cash Flow in the year through september to be negative, and earlier projection was for slightly positive figure in the current fiscal year. Shares falling despite the announcement for the fiscal profit forecast after including its operating performance and agreeing to sell its brazilian steel plant. On the matter of steel, shares the worlds steer made her steelmaker down 7. 5 after it posted firstquarter profit that double beating estimates amid a rally in steel demand. W
Earlier tweet. Saying it was the houses duty impeachment. Russias president Vladimir Putin blasted u. S. Politicians hes for whipping up what calling, antirussian sentiment. With a conference with the visiting italian prime minster. President putin defended President Trump over criticism sharing classified information with moscow. What surprising me, there are intentions in the u. S. Internal usingcal situations by antirussian mottos and they dont understand that they are and in their own country that case, they are just stupid it. Hey understand in that case they are very dangerous. Putin said kremlin reviewed last years president ial election. Its funny. Theyre increasing concerns because of seeming unpredictability in american politics. The United Nations secretary general is stressing the togethere of working with the European Union to tackle the refugee crisis. During ane remarks address to the European Parliament in france. The success of the u. N. Will depend on what he uniteda
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as
Report. At first glance, it looks like a report that would be quite bullish for oil prices. Is sure when the last time we had this kind of a drawdown in oil inventories. The most it looks like only going back to earlier in may. We have had some drawdowns here back to back. Elsewhere, in terms of what we are watching today, we have stocks rising not by much, but a little bit of a bounce back stocks after a couple of days of declines. I am going to check and see what Energy Shares are doing on my bloomberg. They are up. 6 in the bestperforming group in the s p 500. That definitely lending to some of the gains. On the downside, today we have hewlettpackard enterprise, those shares pulling back by session. Odays the Company Getting a disappointing profit outlook as it is competing more heavily with other companies in the cloud industry. That is one of the biggest laggards we are watching in todays session. We are watching a lot of the automakers today. Weve got a mixed picture as usual. Te
That does not appear to be the case. The dow and nasdaq each touching intraday records. The upward momentum has resumed. Financials are a big part of the rally today. Is a big, big move for the it financial index stop seems to be a lot about what is going on. You mentioned jpmorgan even before the headline coming out. J. P. Morgan shares up by 2 . Regional banks doing well today. Take a look at the treasury market because that appears to be what is driving this rally in the financials today. Not take much. Even a marginal move in the treasury market appears to be. Aving an outside reaction only two basis points higher today. Yields havereasury been moving sadly hire all week, fueling some of the gains in the financials. E Company Specific news alibaba shares at a record today. 45 tompany predicted 49 Revenue Growth in the year ending march. Pulling yahoo , along with it. Nordstrom making big headlines,he family that owns nordstrom or one of the majority owners is considering taking pri