The best year since 2010 with energy as the standout sector helped by a 50 jump in crude. Europe treads water amid thin holiday volumes. And Johnson Johnson considers breaking up actelion as part of its takeover plan which it values at 30 billion. Good morning. Welcome to street signs. The last trading day of 2016. This was the picture on wall street going into the last day. A bit of softness. Dow jones industrial average getting further away from that 20,000 mark. The s p 500 closing just barely in negative territory. The nasdaq composite lower by 0. 1 . Yes, these are modest losses. You must keep them in perspective because its been a rally, especially since the election results. Well take a closer look at that in a minute if we can hone in on the dow jones for the moment, year to date this index is up 13. 7 . The outperformer among the s p 500 and the nasdaq. Lets hone in on the nasdaq. Higher as well by neighborhood of 9 , just shy of that at 8. 5 . We continue to watch the big nam
The noncore yuunit of barclays. Shares of swiss re slide after Fourth Quarter net profit falls 45 , with natural disasters taking their toll. A record year for peugeot. The french automaker raises its profitability goal and resumes a dividend payment, but cfo jeanbaptiste de chatillon says theres no certainty on the firms bid for opel. President trumps tax plan will be ready by august says treasury secretary Steve Mnuchin, who lays out his ambitious agenda to accelerate economic growth. Cnbc speaks to the man himself at 13 00 cet. Good morning, everyone. Let me just bring you some breaking news coming from the ecb, the impact of trade and good and services on brexit will be substantial. He says Economic Conditions in the eurozone have been improving. Affirming a broadening trend and growth dynamics. Market volatility measures are low despite tail risks. Lets look at the european session. The stoxx 600 is flat, trading a fraction lower after a fairly uninspiring handover on wall street.
we will talk about what is happening with the payroll number and what is happening with our interview with Vladimir Putin. The week oil has had . It has been shocking. We may about the idea see stabilizing in that market. A lot to talk about. You have a great conversation coming up. You have an allstar cast and preview. Alan krueger will help us. We are going to get fresh reaction from the white house with jason furman. Alex a positive tone into the eight 30s jobs. You have to look at where investors are going into. Theyre going into health care and the safety trades. Market, it is about the stronger dollar. The dollar is stronger across the board. Up . Rent Vladimir Putin saying a freeze can happen between russia and opec. That is helping oil, which has had its worst week since january. In the bond market, look what happened to the japanese 30 yield 30 year yield. This is what happened. Bmj went to the market boj went to the market and bought maturities 10 years or shorter. It is not
That is a rally of 25 . Dax opens up. Lets have a look at the effect that shanghai has as the moment has at the moment. Saying china has plenty of room for policy. How to stimulate their economy. The discussions coming from governor kuroda at the moment did a selloff going on in europe. Down on the dollar. We saw french cpi lower than had been expected eared expected. The on the dollar ahead of fed rate decision. Lets get an eye on the stocks showing . We spoke to the chief executive yesterday at frankfurt. Are theus car sales gross momentum it is going to remain in china. Up 11 . E. On down by 1 . Germany utilities need more nuclear provisions. Provisions are appropriate. H m, sales are not looking too good for august. Jonathan airline, good job. Just caroline, good job. Afterse 100 snapping back. It is early days. It is not early days over in asia. Seven, good morning. Ip good morning we are seeing stocks today mixed across the asiapacific eared youre seeing stocks moving lower in ch
For misconduct while the Retail Banking arm disappoints. Oil stocks cling on to the green. Surprising analysts with some positive earnings. Welcome to the show. We have been getting unemployment data. We just got the number out of italy. The march Unemployment Rate rising to 13. 0 from 12. 7 in the month of february. At least march youth unemployment which has been a big concern for investors rising to 43. 1 . To give you context on italys labor market the seasonally adjusted Unemployment Rate rose to 12. 7 in the month of february up from 12. 6 in january. As i said youth unemployment has been particularly a challenge for the country of italy measuring job seekers between 15 and 24 years. Also increased to 22. 6 in the month of february. This is a set back to the labor market reforms which aim to make it easier for countries to hire and fire employees. You can see the euro dollar which has been moving to the upside over the past couple of days. Right now at session highs at 112. The a