Have a look at where european equities are trading now, 30 minutes away from the finish of the wednesday session. Stocks are rising, shrugging off geopolitical tensions. Awaiting the release of the minutes from the fed meeting which we will speak about with our next guest. Currencies are falling against the dollar and yields are rising in europe with commodities moving in brent crude down 3. 5 . We had pmi data out of the eurozone for manufacturing and services. Expansion of. 7 to the Second Quarter this by a slight slowdown. Fromauge dropping 56. 3 56. 8. For the first time in more than three years, output increased and all nations, covered in the survey. That is significant as the ecb policymakers prepare to meet in the coming weeks. Talking about portugal, portugal equities could climb 35 by late next year as violation benefits from the countries improving macroeconomic fundamentals. It says the head of equity strategy, the benchmark 20, which is at about twice as much as the stoxx
Usually, you get more volatility in a surge of volume typically at the end of the closer we will be watching not. The dow and the s p have consistently been down. 5 today. The nasdaq has not been doing as poorly. Financials more heavily weighted in the s p 500. If you look at the week in the s p 500, we had a big rally on monday and a pretty sizable rally again yesterday and that did salvage the week more or less but we also had some big down days so these big swings are back to the stock market in the u. S. If you take a look at the groups on the move today, you see here we have a little bit of green in the form of utilities. A lot of read on the screen and indeed, it is the financials and industries that are the biggest drags in the s p 500. A number of stocks falling on these regulatory risks. David mentioned Deutsche Bank. You can see those shares down 9. 5 in u. S. Trading. Exxon mobil and the attorney general new york scrutinizing not companys finances. Eric spiderman alleging th
Francine welcome to the pulse. I am Francine Lacqua. Medical i am manus cranny. Burberry shares plunged 12 at last check in. They revealed the retail sales rose 2 , far short of the original estimates which were a percent. Francine the company says the growth was impacted by the challenging environment for luxury, especially in china. It is about the fed. Lets get to mark barton. Mark multiple issues for burberry. First half sales missing estimates. The slowest pace in three years. Becoming indicated profits will drop for a second straight year. Get in here, have a look at burberry shares. Sinking as much as 13 . They are now down 12. 5 . That is the most in three years. Its company gets more of thats more than 30 of its revenue from china. Japan, very only gets 2 of its sales. U. K. , 40 of its european sales. Dollar shoppers are heading to the euro zone take advantage of a weaker euro. Barberi on track for its worst year since 2008 with shares sinking 23 . 13 lower right now. Have a