Powerful pmis. The European Manufacturing sector powers on with german and european pmis hitting a sixyear high. Good morning, everyone. Were back from a long weekend. We have plenty of data to get through. Want to tell you about the eurozone factory activity hitting a sixyear high in april. The eurozone final factory pmi is at 61. 7. Inflationary pressures stayed quite strong. Lets tell you what the european markets are doing. Were higher to the tune of a quarter percent. Euro dollar at 1. 0904. Lets look at the european markets one by one. What were seeing is that if we can swap on to the indices. We are broadly higher across the board. The cac 40 up by a quarter of a percent. Ftse 100 up by twothirds of a percent. The xetra dax inching higher to the tune of 10 points. Lets get back to the bigger stories. Ocado shares surging to the top of the stoxx 600 on reports of a tie up with marks and spencer. Better than expected numbers are lifting Aberdeen Asset management and bp. Lets show
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
U. S. Equity futures at this hour have been a bit weak in the for the morning. You know what . Just the dow futures. That might have something to do with what becky is going to tell you about. The s p is actually up a point. The nasdaq is up about four. The nasdaq had some rough sledding lately. The dow is the index down today. Down about 21 points. Crude prices coming off a loss of about 5 . Wti posting the lowest close since november. Joe, i ae lewd eluded to it. Its sitting there at one price, then a totally different price. You think it has to do with the world we live in now . Absolutely. At 11 20 p. M. , oil is trading 45. 25 and the next hour 43. 76. How does that happen . Were the world is chasing alpha, when the quantitative models see an opportunity, which they see in oil, thats where all the activity is. It wasnt an overweight trader with fat fingers . No, and not pure fundamentals. Fundamentals are deteriorating for oil. It is seeing the opportunity, lowvol world. You go ar
Have data points pointing at clients and investors being more optimists and ready to be constructive about the situation. They are really looking for concrete actions by the new administration in the u. S. Bts head of Continental Europe steps down amid via italian accounting scandal but the companys ceo says the situation is under control. Time to raise a glass as lvmh posts record fullyear profit and sales lifting the stock towards alltime highs spurring gains throughout the sector. Good morning. Welcome to street signs on the last trading day of the week. Enough earnings optimism this morning but thats not enough to lift the overall stoxx 600. We are looking at a bit of weakness across the overall heat map today. The broader index lower by 0. 3 . Yesterday the dow jones hit yet another record high stateside. The s p 500 and the nasdaq pairing off their own intraday record highs. In europe, investors are digesting a fresh round of earnings and m a activity. Lets see how that is carryi
Deal with the uk but warn britain would have to continue to accept free immigration from the continent. And former National Security adviser Michael Flynn agrees to testify in the russia investigation in exchange for immunity, as president Vladimir Putin tells cnbc that claims of election meddling are fictional. You and the russian government never tried to influence the outcome of the u. S. President ial election and there will be no evidence found. Read my lips, no. Hi, everybody. Good morning. Welcome to cnbc. Very glad youre with us for the next hour. The finance minister of south africa, Pravin Gordhan has been sacked in the capital reshuffle. Mr. Gordhan will be replaced by Malusi Gigaba, according to a Statement Issued late on thursday by the president s office. We are just glancing at some of these stocks exposed to south africa. You are seeing the trading down heavily here in the trade, off somewhere in the region of 4 to 8 when it comes to old mutual. Investec off by 6 , and