Back of that data. Refinery utilization was positive by 1. 4 . The market was looking for that to go into the negative by 0. 5 . Crude Oil Inventories rising by 415,000 barrels only last week. Gasoline inventories was a drawdown of nearly 2 million barrels. Lets check u. S. Markets more broadly. The major indices are really unchanged, but we have a few major movers, including viacom cbs, which disappointed in its First Quarter as a combined company. Investors are really punishing that stock. Guy a bit of breaking news, the unicredit boss looks like he is emerging as a potential hsbc ceo to get the job. Remember, noel quinn currently yethe interim ceo at hsbc, the interim ceo putting out a is involvingk that deep changes in the way hsbc runs its business and potentially a retrenchment back to the middle east and into asia in particular. He thousand jobs potentially going even further down the road. There were Big Questions as to whether or not noel quinn would ultimately be the person t
European ally stocks flying high Departure Time for aig standing down after more than a decade at the top. China confirms the vice premier will travel to the u. S. To engage the preliminary trade deal as washington and beijing coordinate closely over the arrangements for the signing ceremony welcome to the program, President Trump says tensions between iran and the u. S. Are easing and are standing down after it launched multiple missiles against the target and reiterated the demand other world powers should abandon the nuclear deal with iran its worth looking at how and where looking at the map of the region here, of course, youve seen the location for these attacks in iraq on the iraqi bases that house american soldiers weve had conflict in syria in many parts of the country. Youve had hezbollah here in lebanon in large part by the forces in tehran in terms of the palestine process with strong links to the iranian government as well a few attacks on the saudi facility weve heard in t
Deeper back. The ford picture is weaker investors shaking that off a lot of interesting news over earnings from the fierce tie up from Fiat Chrysler speaking of autos. Right at the bottom. The auto basket of stocks, a fairly significant day right at the bottom is peugeot riv riv rival renault stepping up as well down 1. 1 . Significant heavy weight in the basket banks down a frangs. We had been talking about a couple of Bank Earnings. Retail stocks. Trying to stay positive. Industrials up a quarter of one percent. The cancel of that apec meeting in chile chemicals up a third of a percent. Utilities trading higher in the technology basket you can see them trading gains suppliers in europe will react to some of those numbers around iphone and wearable sales. Financials out based by utilities. Fairly decent gains. On the day that was meant to deliver brexit we have the uk stock market trading down a forecast 7,313. Across the rest of the markets, a pop for halloween in the french market,
Require the commission not just to say in public that theyll be creative and flexible, it also requires them to private to get into those discussions with us so we get this deal over the line. European markets trade cautiously higher and asian equities rally after beijing cuts the triple r as export data shows the trade war with the u. S. Is taking its toll. Oil prices rally after Saudi Arabia Energy minister and puts in place royal for very first time i caught up with the u. S. Deputy secretary of energy and he says the man has a tough road ahead. Got a very tough road ahead of him, i must say u. S. Production will continue to go up all throughout 2019 and certainly into 2020. Our own ei, and Information Administration is projecting well see at least 13 Million Barrels per day producing United States by the end of this year. And air france shares fall on disappointing traffic figures and speculation it could rescue troubled airline while a pilot strike grounds nearly every british air
8. 5 . The dow is performing a little better, mainly because of apple. Guy the fed is the main event. The stoxx 600 is only up to 10th 1 . up to tenths of the german tenyear was down by two basis points. Earlier on, the German Government selling paper below the ecb deposit rate. But it is all about the fed, really. Vonnie so lets get to that story. The Federal Reserve announcing decision at 2 00 p. M. Eastern. Policymakers are expected to lower rates for the First Time Since 2008 and leave the option open for additional moves. , fsre joined by lara rhame investments chief u. S. Economist. How do the markets react . Lara i think that is the real question. Today will neither be a Silver Bullet to solve the economys problems, nor the apocalypse people are talking about. The fed now has a problem. They havent had cohesive messaging going into this meeting. We really are struggling to know what they are fighting against, and really the significant pivot in fed rate expectations could cause