Is going to move back up to the 60 to 80 range then certainly Second Generation ethenol will continue to move and i see investments coming into that area. A different story for s. A. P. After slashing its Profit Guidance for 2017 due to trouble with its cloud transition but the ceo tells cnbc that revenues are on a steady path. What i wanted to model for the investors is show them that the core is still going to grow. That cloud will grow even faster and the Business Model makes its full transition will you have more predictable revenues after 2017. Now our attention turns to Morgan Stanley. Earnings taking center stage in the u. S. After the Holiday Weekend with investors honing in on fixed income and the banks commodities business. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And to our top story, chinas Fourth Quarter gdp held at 7. 3 growth year over year. While the reading wasnt lined with Third Quarter growth missed the official target for
Augusta in the last pu minutes. Hell be here in studio. Futures are suggesting well have a positive open. Dow would open higher by 24 points. Nasdaq would open flat by 2. The corporate story of the morning, shells mega deal. Its the Biggest Energy tie up in more than a decade. Seema mody joins us from london with all the details. Seema. Hey becky. Good morning, its one of the industrys biggest deals in a decade. Shell paying 70 billion which represents a 50 premium to bgs Closing Price yesterday. Now the ceo of shell earlier this morning on cnbc europe explained why this deal makes since and how its not a bet on Lower Oil Prices. This is not a bet on the oil price. This deal works in a whole range of oil and gas prices. Of course we still believe in the longer run in a few years time we will see the longterm fundamentals will assert themselves. We see Higher Oil Prices than what we see at the moment and this deal will look not just very good. It will look fantastic. This deal gives u.
Despite increased tensions in the middle east. Isis takes full control of the iraqi city ramadi while saudi resumes strikes. Back to monday morning once again. Lots to talk about. Weve got some Interesting Data out of china as well as a big guest coming up on that and lots more u. S. Data last week. It was disappointing. It doesnt matter though. I think theres a big factor as well in what weve seen in equity markets last week which is in general we feel weve been in a riskier mode. That said the u. S. Dollar has been losing ground. Thats allowing u. S. Equities to out perform last week and hit new highs, whereas the euro has rebounded that has meant European Markets have rebounded more. This weakness that were seeing in the u. S. Dollar is being welcomed by those International Companies that make most of their revenue outside of u. S. The question is how long will this continue especially if the forecast is for data to improve to the up side. That keeps the dollar trend the dla bull tr
Lowland (LON:LWI – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 122.94 ($1.57) and traded as high as GBX 129.40 ($1.65). Lowland shares last traded at GBX 128 ($1.63), with a volume of 336,779 shares changing hands. Lowland […]
Henderson Far East Income (LON:HFEL – Get Free Report)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 229.42 ($2.93) and traded as high as GBX 239.50 ($3.06). Henderson Far East Income shares last traded at GBX 232.50 ($2.97), with […]