Considering there are only two previous days besides today in which we gain. As 1. 3 advance actually comes on the heels of the s p never going negative all day today as well, which i was surprised by. Nine out of 10 sectors finishing higher. The exception was utilities. Risk, allo into more 30 dow stocks were higher on the day. To your point about financials, Goldman Sachs and jpmorgan really killing, adding 70 points to the dow. The banks having their best day since 2011. My question is, is this actually a relief rally, are we going to get some momentum . Is this a rally within a down trend, or is this i dont want to be going into the weekend short . We have a long weekend, china will be reopening next week as well. Scarlet you would wonder who would want to be going into this weekend long. Alix also true. But what was strange to me was the vix. We had these big price swings, global stocks editor market, but the vix did nothing. , over 30,little bit but we did not see the kind of lik
Stephanie you have been watching a moment of silence in brussels as the city begins three days of mourning. The attacks yesterday have so far left a total of 31 people dead and 230 injured. For the latest on the investigation, we are now joined by bloombergs ryan from brussels. Yan, give us the latest. Ryan well, were learning an wful lot from the people who started the attack. Police apprehend adamant that is the mastermind of the attack. He is a 24yearold of an individual. Going into today, he was in syria in early 2013. And then a very minimum, he was an associate of one of the participants in the terrorist attacks. So as we look at the belgian and french Prime Ministers there at the mourning ceremony for the People Killed here in brussels, you can bet that they will be also talking about how they can better coordinate to make sure there are no more terrorist attacks. Stephanie while clearly today is a day of mourning in the city of brussels and across europe, as far as business goe
From bloomberg here in london. The banks are a big theme in europe. What me assure you of that. Is gettingito santo a bailout from portugal. Profits fell by 12 . That missed analysts asked him its estimates. Lets figure out what is going on. Jonathan ferro and manus cranny are with me. Bes, it looks so simple. I dont think it is that simple. You have a bailout. You have some money left over from the bailout support to recapitalize the banker in that goes to read capitalize the bank. Are going toeople bear the brunt like the shareholders. A lot of analysts are saying. My take away is within two share price has dropped 70 . You have seen a bailout. This has played out in almost no time at all. This is just before those stress tests later this year. Despite the fact that there is a clear sovereign link, this money is coming from the lens of resolution fund. How is the fund being funded . By the government. Offhis bank will get spun and people will get shares again. It will get sold off. L
Israel and hamas agree to an unconstitutional unconditional 72 hour ceasefire. Welcome to countdown. From frances secondbiggest bank. It looks like secondquarter earnings have beaten estimates. Thanks to a 7. 8 decline in provisions. Net income rising. It is the highest quarterly. Evel since mid2010 stocks return on equity, which is a key measure of infitability, reaching 8. 8 the Second Quarter, up from 8. 8 from 8. 4 a year earlier. A returnis to receive of at least 10 by 2016. This comes a day after the biggest bank posted a four points read billion euro quarterly loss yesterday after the record penalty for doing business with sudan and other lacks like listed listed by the United States. Caroline joins us from paris. This is one of the most exposed banks to russia. Yes, the numbers are better than expected. They had a 24 decline in provisions for risky loans. They did take 200 million euro litigationor known risks. They have a big retail presence. Of rosebank. I asked what exactly
You are watching the pulse. I am guy johnson. Eat, sleep, pray. The brandnew way to start your day. A great story. Harris. We would check out the first european outpost. Paris. The most expensive suites. Let us stay in paris and our top story. Agricole said its profits were nearly wiped out in the second portugalsd to bailout. The details. We knew it will be bad and the number is a bit. Is exposed tole portugal. They own a 14 per they own a stake. It is the wiped down to zero. They took a charge in the Second Quarter. An extra 200 Million Euros for keptalue that has been down to zero. In todays debate to the 19 dates of backanto to the 1980s. Santo familyhe regain control of the company. That relationship has gone bad. One person said the bank had the family. By lets talk about one stock that is up. Investors are looking at the capital ratios and the bottom line. Talk about the figures ok. Expected andely priced in. Better than expected capital ratio and the corporate and itent profit