10 in its debut, valued at 1. 9 trillion the largest listed company in the world. Plus, the fed and a trade waiting game stocks poised for a muted open as investors seek further tea leaves on trade and the fate of monopolies arent bad if they are not abused tim cook coming to the defense of business but said apple isnt one. Saudi aramco strong public debut. Shares jumpedon the open, the maximum 10 on the Stock Exchange in riyadh limit up. The state owned oil giant is the worlds most valuable company list at 1. 9 trillion, thats about 6 exxons and above apple which has a market cap of almost 1. 2 trillion. Well placed deal. A lot of people in saudi arabia decided to buy this stock. And that boosted it. I think sometimes you get deals and they pretty much determine where it is going to be. So now the question is, yield. And whether the yield exceeds what mike worth is offering on chevron. I think it will. I dont think it makes people suddenly all excited about the oil stocks, but it does
Anna Saudi Arabias Energy ministers said stockpiles will not be any less close to opecs target when the group meets in june. The secondking for half of 2018 to see where we are in terms of supply and demand, so there is no intent to revisit that. Anna good morning, everybody. This is bloomberg daybreak europe. A warm welcome to the program. Aning a little bit in market that is the pressure you get from the asia equity session. Msci asiapacific down by. 1 . The stocks got a boost on top story, going up by. 4 on the s p in the middle of the session, but we are treated have we already seen the big men up on this story . Meeting in japan. No change, essentially, to policy. The big question is about governor kuroda and how long he plans to stay. Be bringing you that in japan. The 10 year yields very much mattof the story, miller. It touched 2. 5 in yesterdays session. We had lots of conversations about what was driving that. When is President Trump going to sign the legislation . A little b
First National Standards to limit Carbon Emissions from power plants. At t releasing the first given the completion with direct tv of that deal. And more monthly auto sales due today. Chrysler and nissan are out. Coming up soon ford and General Motors. First up wall street is gearing up for the first trading day of august. Last month the s p rose almost 2 . Dow up 4 . The nasdaq the best performer of the three, up 2. 8. Greece, the stock market finally opening and tumbling after opening for the first time in five weeks. Trading suspended in late june as capital imposed. The biggest crash ever and their pmis are at 30. Youre talking about a Great Depression there. The makeup of that decline, cocacola, greece greek Cocacola Company is a huge part of that index. Thats down about 10 . The banks are down because i think theres a sense that the banks have to recapitalize. But remember, there are strict rules about buying stocks in greece. Its viewed as a way to do capital flight. So theyre r
Illegal moves as he is forced out of another top position. It is 12 00 p. M. In hong kong and 4 30 a. M. In london, i am angie lau. I am in riyadh in saudi arabia, it is 7 00 a. M. This is day two, lets talk about the middle east closing. Closing. 9 . Equity markets just a little lower. Up by an eighth in dubai. We dropped by 4 yesterday morning, all on the back. That looks as though it has been denied. A 13 day winning streak, that is off the agenda. Market,. 5 . The currency strengthens at 15. 8 against the dollar. Those are your closes, angie. I think the day will be important in how we open up because you have that nice oil price up by 6 . All hands on deck. We are going around the opec countries. Russians are having conversations with opec. Deck, they hands on are set to talk in london. To get a deal for the 30th of this month. But look at the market positioning. The short positions are rising, 2012. They are roaring higher. The net positions have dropped by 23 . The biggest slump
Also we have some earnings. Chevron, exxon mobile, murk. U. S. Equity futures at this hour, little bit of a mixed picture. More the most part down. S p 500 down 2. 5 points. Nasdaq is looking up. Were going to talk about some of the tech earnings last night. Markets had trouble all week. Remember the herald ham remember during that convention. Right. Just about the trump rally. Just about seems like every day we went up. The more that comes out of phil philly, the more the market is running. Maybe its coincidence. There were earnings. They were good except for ford. Other real things that happened in the world. The greatest thing about the market. The dacaterpillar. You can come up with any explanation you like. Just not for nothing, but i dont know. What its worth, its raining out today. Maybe thats it. I dont want this tournament to get rained out today. Hate that when they have to play 36 holes on a saturday. Maybe not. Its early. People arent teeing off yet. Youre talking about the