We are without the United States. President s day in the u. S. That means a lot of participants stateside but we also see reduced trading over the Asian Session as well. We saw the asian equities session with the nikkei moving higher, 1. 8 . A little higher a little harder to make any headway. More will get to more that. Our focus on what we are doing in europe because without the United States and the chinese and hong kong markets are closed. Thats get the first word news update. President trump spent the weekend criticizing everyone but russia for meddling. He tweeted 14 times over 24 hours criticizing the fbi, democrats and special counsel Robert Muellers investigation. They came after his sweeping indictment of 13 russians for allegedly leading social media efforts to attack trump rival, hillary clinton. In florida, students at the high school where 17 people were shot and killed are speaking out or gun control. They plan to organize antigun violence marches for next month. In the
Surveillance. Lets check in on your markets. You can see the stoxx 600 pretty much flat. They are down a touch, but pretty much unchanged. We did see a nice rally that started in the u. S. Filtering through to asia. Oil advancing. Havea reminder, we may little trading volumes because it is president s day in the u. S. And Chinese Markets are closed after the new year. Coming up, we speak to the former italian Prime Minister. That is coming up next. Then we talked to Credit Suisse. We talk sustainable investing. Later on, we talk bonds, the selloff, and what is next in the markets with andrea silverman. Lets get to the bloomberg first word news. Nejra u. K. Prime minister theresa may and her ministers gather on thursday. May seeks to unite the factions in the cabinet. It is becoming clearer that the u. K. Wants to stay close to the union in some areas while breaking free in others. Employment numbers are scheduled for monday. Imports exports and both registered strong gains in january.
To stream new stories online news stories online. Kathleen lets get to breaking ecodata. South korean gdp, the Second Quarter figures just out. We can see a quarterly gain of 0. 6 , forecasted in line with previous quarter. The yearly number at 2. 7 . In line with the First Quarter in forecast. Insee a different income cpi. Ino points the 0. 6 august. Bank of korea just held policy steady. A lot of people think rising inflation will get them to push that rate higher. With so much uncertainty in north korea and new regulations in the mortgage market, they are just Holding Things steady despite this. Cpi,e take a look at that quite a beat at 2. 6 . Core cpi remains below the target for the be ok at 1. 8 . Domestically it seems like we are on solid footing. It is those concerns outside it left and right when it comes to china tensions in north korea that could be leading to more uncertainty for the economy, overall. Export and import numbers coming out in the next hour as well. Kathleen i
Eisen, john fortt at post 9 of the new york stock exchange. Some outsized gains for the dow this morning on the back of 3m and kacaterpillar as earnings season kicks into high gear. Its the industrials taking us higher for that we turn to bob pisani on the floor bob . You want to know what a reflags trade looks like, you can see it today the earnings are in the industrials space and thats part of the reflation trade. This is what weve been talking about, Global Economy expanding, something caterpillar was emphasizing here i want to just show you something, because only half the dow stocks are up, believe it or not, only half the dow stocks are on the upside. The dow is up 0. 8 and the s p is essentially up 0. 2 thats a huge percentage difference and thats because a couple of companies as you heard from carl, are making the difference in the Dow Jones Industrial average some of the big names raising guidance, 3m look at that, up 14 points there. Caterpillar, put that together, youve got
Are the most correlated since 2013. This proves it because we pretty much followed at the moves in the oil price today. We have shrugged off what happened in china earlier. The shanghai composite shrunk by 6. 4 , to the lowest level since december, 2014. This is one of europes best ans,rming stocks, ziem shares have risen the most in seven years after it raised its profit outlook. It was an unexpected move and it highlights the confidence that joe kaiser has in the ability of his company which makes gas turbines and medical scanners it highlights. The ability to rise out the economic downturn in china and ride out the dropping oil prices as well. It was up by 8. 3 today. Matt it competes with phillips to provide a number of products including health care products. Up by 5 , company that focuses on health care and is big on medical scanners. It is focusing on health care and spinning off its Licensing Division. Fourthquarter profit Beat Estimates today because of growth in medical equip