After the Islamic Republic seizes a tanker in the strait of hormuz. Healthy growth phillips beats Sales Estimates for the Second Quarter as the ceo gives bloomberg his take on the trade war. These trade wars that are , as ave in the world strong believer in what globalization has brought to the world, i hope that we can see coming closer to each other. That will be good for the world economy. We had some outflows. If i had that back, we are actually within the target range. If i look at margins and revenues compared to the second half last year, they have substantially recovered. A very more welcome to the European Market open, everybody. European markets opening what . 28 minutes time . There or thereabouts. Futures suggesting we will be a little bit weaker at the start of the trading day. European markets expected to be a little bit weaker, apart from the 3100. I should point out, seen as a bit of an outlier, and that could very much the case in oil markets. Futures dewpoint slightly
Out as bridgewater flagship funds logs one of its first half performances in decades. And Rising Oil Prices boosts Energy Stocks after the uk calls irans seizure of a british tanker in the strait of hormuz an illegal act well, good morning, everybody and welcome to street signs. Were about one hour into the european trading session i just want to recap quickly some of the action we had in wall street towards the end of the week last week it was a weaker close for the three majors on the week the dow ended up about two thirds of a Percentage Points lower. S p and nasdaq little more than 1 weakish end to the week for u. S. Equities as we get into the heart of earnings season here. 28 of those released results have beaten sales and 49 have beaten on earnings according to data from goldman. Still right in the heart of earning season, about 150 S P Companies will be reporting this week worth bearing in mind that so far the market has tended to punish the misses a lot more than they rewarded
How much healthier the Financial System has become, the Federal Reserve gave the biggest u. S. Banks the green light to use their extra capital for stock buy backs and more dividends. Good news for investors looking for extra income. Kayla has more on the final results of the Central Banks socalled stress test. For the First Time Since the financial crisis, the Federal Reserve has not rejected any of the capital plaps submitted by the 34 banks getting stress testing, b finding the companies to be sufficiently capitalized while weathering a recession. Capital one is required to resubmit its plan within six months or risk shareholder payouts getting frozen. It exceeded the threshold, but didnt want adjusted returns before the results were out last thursday. American express did the same as one of its capital levels was below the fed threshold. Senior officials said the rapid growth in credit card balances and uptick in delen quincies that included more severe losses played a role. Am ex
Souranking retail turned sour for the powerhouse. Mark how european equities are trading right now, what a session it has been. Look at le pen and macron runoff. The feeling among investors, macron will emerge victorious in the second round. Highest level since 2008. Biggest leak today since 2012. The italian stocks are rallying. Paul ryan inc. Rallying today as well. 1. 2 percent up today. The fair was if le pen still wins, she takes france out of europe. Today. Re rallying periphery yields are falling and core yields are rising today. Not a haven and not necessary. Of one million related to the French Election. Line thethe blue white line versus the blue line, the eurodollar, one month implied volatility. The white line is falling more than the blue line. That is a sign that risk sentiment has improved markedly following volatility in the euro , a Percentage Points, five Percentage Points against the dollar. An investor an example of stors not just about france today. Resilient perfo
Here. The umt n. Calls for a ceasefire in gaza since the deadliest day since the conflict started. The death toll from the conflict now topping 500. Changes at the top for tesco. The ceo Phillip Clark will step down in october to be replaced by a relatively unknown dave lewis. Investors say this is sending shares higher. And shares tumble in dubai because of uncertainty about its largest builder. Aerotech. Youre watching Worldwide Exchange. Bringing you reports from around the world. The fighting is underway near the east ukrainian station. Operations in Eastern Ukraine are in an active phase but didnt comment specifically on the troops entering donetsk. They are expected to hold a press conference shortly and well get that to you as that begins. Russia is feeling pressure after shooting down malaysian flights 17. European leaders have threatened to level new sanctions against moscow as early as this tuesday. Unless an accident investigator is allowed to the crash site. This comes amid