Details for a continent wide bailout. Hundreds more die in italy and spain. We have the stock rally here as well as futures in your appointing lower. Futures in europe pointing lower. This is european banks halt job cuts during the crisis. Awayunder an hour from cash trading. Take a look at the futures. After three consecutive days of gains, we have not seen anything like that on the dac since the beginning of february. It has been almost two months since we had those gains streaks, in which case you can understand that futures are off a little bit. Dax futures off by 0. 6 , cac futures down. After thees are down Dow Jones Industrial average rose 21 in a three day session. They have gained back able market, the fastest since 1931. They are off by 0. 9 . Nasdaq futures down by a little more than 1 . We do see a little bit of a drop in futures, but in the stark market in the stock market lately, we have seen speed regardless of which direction you go. After falling into a bear market at
Rate will rise to 40 next year, and reforms are only likely to slow the growth rate. China suggests that moodys was overestimates the difficulties facing chinas economy. The shanghai was flat. The hang seng was up by 0. 1 in europe, a mixed picture. Things are flat forever the dax and cac. Ftse up by 0. 25 points. M h na news, Constellation Brands made an offer to take over brownforman. And glencore making a takeover approach to bunge. Bunge says it is not engaged in talks with glencore. Pro and uber says it inadvertently underpaid new york city drivers for 2 1 2 years. The company took a commission from full fare prices. Uber says it will pay back drivers, with interest, for the mistake. The wall street journal said the average driver would be repaid 900, totalling 45 million. We will talk with adam lashinsky, author of the new book wild ride inside ubers quest for domination. Lets get to this. The United Kingdom raising the threat level to critical and deploying soldiers to key sites
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke a fourmonth losing streak. Had its best month since april 2016 look at the dollar index, the dollar index saw its worst month since 2016 dollar is stronger against the euro and yen trading at 1. 1813 and the dollar yen at 110. 34 fifth negative month in a row. Lets get you through some big stories. The s p 500 will start excluding companies that have multiple classes of shares. The move bars snap from the index. The Company Offering new investors a class of common stock with no Voting Rights. T
they lift quarantine rules for the first time in three years. and hundreds of people are arrested after supporters of former brazilian president boribo lrk sonaro stormed the presidential palace. good morning happy monday welcome to street signs. equities starting off on a high note the stoxx 600 up 0.4% this morning. building on the rally we saw last week. friday was particularly strong for europe and the u.s we saw market sentiment really get a boost from the non-farm payroll report which was solid and raised hopes of a soft landing from the federal reserve. we got fascinating data. european inflation to the down side at the regional level and individual country perspective perhaps the central banks have a handle on inflation. that is a big debate right now breaking down by region. worth noting, the ftse 100 last week put in a strong performance on friday, hitting a three-year high boosted by minors and energy stocks we know relative to europe and the united states. i
ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we ll be talking sports. in baseball, the playoffs last night. the a s beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we ll have more in squawk sports at 6:20 eastern. that s a good one i was watching. the next hour, we ll talk about golf. rhys jones is our guest host. he designs courses. andrew, good morning. thank you, becky. let s talk about earnings, starting with alco waalcoa. stronger demand for aluminum products, from airplanes and automobile producers. this offset weak aluminum prices and worries about china s slumping economy and that s probably the bigger and more important piece of all of this. the ceo cautioning that the company s noticed a slight slowdown in some regions and end markets, namely china, lowering those expectations by a percent across t