European equities are trading 30 minutes into the session. Stocks are falling in europe, the biggest threeday drop since november 4. Donald trumps firing of the acting attorney general adding about uncertainty decisions in the new administration. Thats the biggest drop since november 2. And currencies are rising against the dollar. Look at the greek 10 year yield still no agreement between the latest bailout review itseen greece and creditors. Lots of Corporate News to tell you about shell accelerating its drive to shed assets, agreeing to sell its fields in the north sea and thailand. The disposals include the sale of half the companies north sea assets for about 3. 8 ilion dollars. 3. 8 billion. Bgts filing up after the 54 billion takeover. A swedish fashion retailer, h m, providing relief for the european clothing industry, reporting profits that topped estimates and setting a new annual growth target after missing estimates of five of the previous six quarters. Seasonable weather p
Welcome to bloomberg markets, middle east. We are seeing asian stocks falling for a second consecutive session. The dollar rebounding slightly. The optimism we saw earlier after trumps election victory is starting to fade. The dollar is trading near the lowest levels since november. A lot of it is about the u. S. Dollar. About where the economy is going. Take a look at this chart. It is specifically showing we january retrenchment in which leaves us with optimism below above preelection. The initial drive higher was off of the back of the promise of fiscal spending but the reality. S the line in yellow following the market was looking for 112. 8. What is needed now to sustain these kinds of levels is more clarity about fiscal policy. Everything depends on the pace of income acceleration to a larger extent than any optimism about the economy. Expectations may be coming down. What is interesting is the move between oil and the dollar. Take a look at my chart. That oil and the dollar are
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves
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