Basel iv banks regulatory information. U. S. Futures pointing higher on the back of a global rally this morning. 100 points higher for the dow. We are down about 0. 2 for the s p and the dow. Nasdaq down about a half percent. As ive said throughout the last couple of day, even though theres riskoff move in the market, were not really down this week. Were seeing big swings in the pound on the news that the uk reached a landmark brexit deal with the European Union. Lets get to cnbcs willem marx live in london with the story thats broken overnight. Willem thats right. Very early start for the british Prime Minister and the head of the European Commission and Jeanclaude Juncker, they met around 7 00 a. M. Brussels time to settle the financial bill, the irish border issue and come to an agreement on european Citizens Rights in the uk and vice versa, that seems to have been kicked down the road to phase two of negotiations. Leo varadkar, the irish Prime Minister, heres what he had to say abo
S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live for days like this, watching the dow and the impact of china spread across the globe. Bob pisani, anything with any china or Commodity Exposure is getting pummeled. Dow up 240 yesterday, down 240 now. Its a wasted week so far. Put them up, Materials Energy and industrials to the downside. Thats the big losers. Some of the obvious names and their impact from china. We always talk about casinos, wynn 70 of revenues in china, and yum brands 50 of its revenue in china down 5 . Those are the easy ones
Jump despite posting a drop unanimousul profit. The lender says its current performance momentum is better dhan last year. The lender slashes its fwoenus pool by 15 . And todays u. S. Adp report could show hiring in the u. S. Sector slowed last month. This as Winter Weather continues to have the job growth. Youre watching worldwide exchange, bringing you Business News from around the globe. More cautious sentiment as far as the european markets are concerned this morning, despite ongoing signs of improvement of dialogue as far as the ukrainian russia situation is concerned. Pretty evenly split on the stoxx europe 600 this morning. You did see a contraction as far as the French Services pmi. The concern, at an eightmonth low there. The best data seen in germany since june 2011. Mixed performance in the markets this morning. The ftse 100 just 0. 1 lower. Relatively unchanged for the german and french markets. A little tentative trade on the ftse mib, up 0. 5 . Let me give you a picture a
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