Net income as the recovery in the crude price helps oil major boost profits ahead of expectations, while refining margins improve. The u. S. And brazil give ab inbev a headache as earnings slip the brewers two largest markets, despite the tieup with sabmiller progressing well. Front France Equities hitting a high as emanuel macron tears into Marine Le Pen plans before the final election calling her plans nonsensical. To make this happen, we have to leave a system that coproduced you. You are living thanks to it. You are its parasite. Good morning. Glad youre with us once again. Straight to breaking news in the form of central bank decision, this time from oslo. As expected, norways bank leaving the key rate unchanged. The key policy rate will most likely remain at 0. 5 in the period ahead. There is no statement coming along with that decision today. No rate path forecast. It says the 12month rise in the cpi rate was approximately as expe expected. So no major surprised from the norges
Amazon prime phil 16 billion worth of longterm debt to fund its whole foods acquisition. If amazon can sell fortyyear debt at these kinds of prices, why cant the u. S. Government . Sinks. Ck profit we are going to speak to its ceo right after that market open, archly, matt . Matt absolutely, and interesting results, including an almost 300 million a year loss from a cyber attack. It will be great to get the details on that. Here we see the intraday futures trade on European Equity indexes, up across the board, and some pretty solid gains in futures after we had pretty solid gains in the cash trade yesterday, especially the ftse and the cac. Do quite as well, but it is gaining in futures, so that may even that gain out. Continue tobuttons rise, so investors are going to risk off. This is a threeday chart, so you can see what the trend has been, and it has definitely been one of yields rising, prices falling as investors selloff the german debt. They have been doing the same with treasur
And im anna edwards in london. Lets start the program with data out of the eurozone, specifically out of italy. We had gdp data hitting the bloomberg. Exactly inline with estimates, 0. 4 , the Second Quarter pulmonary reading. That is what the analysts were looking for. Data on abetter number of fronts from italy. Industrial output expands in the Second Quarter. The jobless rate, still too high of course, but coming down. Better news on exports and bank rescues taking place in italy. Those are some of the headlines in the Second Quarter. In line with that, we see this better growth picture, in line with estimates and the previous quarter. Lets look at where we are on various assets. 1. 1720. Urodollar, heading into this we were at 1. 1755. A little bit of sluggishness on the euro. The stoxx 600, up by 0. 7 . Gold and yen, continuing to s lip. Bullishness in stock markets in europe today. Pound, 0. 91. O we are going to get the u. K. Wage data and eurozone growth figures. We got the s p
Violence in charlottesville in an erratic News Conference prompting more criticism and departures by key Business Leaders. I think theres blame on both sides. I have no doubt about it you dont have any doubt about it either. Only and if you reported it accurately, you would say it good morning its wednesday welcome to another episode of street signs. Want to kick things off with comments coming from the ecb saying that the ecbs president mario draghi will not deliver fresh policy messages at the jackson hole symposium which usually takes place the end of august in wyoming, in the u. S. He wants to hold off on that debate until the autumn. Thats according to sources familiar with the discussion once again, reuters reporting this morning that the ecb president , mario draghi, will not deliver a fresh policy steer at jackson hole. We know jackson hole is usually known forbig policy announcements, whether it comes from the fed or the ecb. A lot of people were expecting for fresh commentary
Sara eisen the dow is up 81 the best day for retail since late july as the markets go green for august absolutely we are also following a big business story President Trump making waves doubling down on a previous statement that, quote, both sides were responsible for the violence over the weekend. Multiple executives stepping down from the white house business councils, some vowing to stay and work with the president. Listen to the restaurant ceo andy plesner who is a big trump supporter. Listen to what he had to say i was really happy with jaime diamond who came out and made his statement. This was very positive because i think two years ago jaime dimon never would have said anything american executives speaking up is incredibly important. Dont walk away from the table, stay in the game, lets see what we can get done. Now listen to former secretary treasury Larry Summers disagreeing and saying wishes to speak to anyone in the senate, anyone in the president s cabinet or key officials