After a 1000point drop . Higher, it seems. Heres abigail doolittle. Abigail were looking at a rebound rally for the major averages. Dow,e open, we have the s p, and the nasdaq higher by more than 1 . It is similar to what we saw on tuesday. Not quite as frenzied as what we saw on tuesday, but nonetheless, sharp snap back after yesterday. The dow down more than 1000 points. Lots of uncertainty and volatility. As he happened to the bloomberg and look at the s p 500, futures overnight into today, the trading action, we are going to see this story. Teachers had been higher, higher, futures had been higher, higher, higher command and lower. We have seen these whipsaws around the week. What is next for stocks on this correction officially yesterday, not so much right now but on this correction that seems to have come out of nowhere. Is the factf pain that the major averages have been overbought. Perhaps stocks went too far, too fast. His is g btv 3006 this is in relation to the. 00day moving
Not a 3 or 4 economy. Maybe this dollar should not be as strong as it is now. Scarlet and opec has a deal to curb oil production, but they have got a good deal more to do. Were looking to do better. We are hoping to be able to get to scarlet it is all straight ahead on bloomberg best. Hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with change at the top in italy after voters rejected their Prime Ministers proposal for political reform. Italian Prime Minister matteo renzi says he would quit in the early hours of this morning after losing a referendum. He called to push constitutional changes. I think the expectation that the result of this referendum would have a disruptive impact on italy and possibly even on the eurozone were grossly exaggerated, frankly. It was not comparable to t
Not a 3 or 4 economy. Maybe this dollar should not be as strong as it is now. Scarlet and opec has a deal to curb oil production, but they have got a good deal more to do. Were looking to do better. We are hoping to be able to get to scarlet it is all straight ahead on bloomberg best. Hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with change at the top in italy after voters rejected their Prime Ministers proposal for political reform. Italian Prime Minister matteo renzi says he would quit in the early hours of this morning after losing a referendum. He called to push constitutional changes. I think the expectation that the result of this referendum would have a disruptive impact on italy and possibly even on the eurozone were grossly exaggerated, frankly. It was not comparable to t
Group, 275 bi 275 bilper share. The Italian Government is reportedly ready to inject 15 billion euros into monte dei paschi giving the shares a a boost, after the ailing lender reopens its debt swap offer to investors. Lufthansa agrees to mediated talks with the german pilots union, telling investors its confident it can find a solution to the longrunning pay dispute dating back to 2012. Goldman sachs raises its Oil Price Outlook for the Second Quarter of 2017, but warns Dollar Strength could limit the nearterm upside for oil prices. With markets i up and trading this morning, its a mixed bag. We are struggling for escape velocity in either direction. Pretty much flat line on the stoxx 600. The individual indices are really not showing a great deal of conviction at this stage. The cac is flat. The ftse flat. The ftse mib in italy doing a little better, i guess, than the average here. Even so, thats a modest gain as far as europe is concerned. I suspect just a bit of pause for thought a
Battle for patents for the second time in seven years. Donald trump calls on carl icahn to help him combat excessive regulation as the activist investor will become the president elects special adviser. Good morning. Good morning. Do you hear that . Whole bunch of kids super excited. Santa on the way. Always on the roof. Dasher, dancer, prancer. I think we should do something on reindeer, whether or not they really have red noses. The stoxx 600 flat to a couple points lower. You would anticipate we would be looking at light liquidity at the moment. People already packing up their bags if theyre heading to the caribbean. Trade very thin. Just a reminder that officially the japanese market is closed tomorrow because of the emperors birthday. So we will have no trade another reason for quiet. Exactly. Mixed markets in europe, the ftse, xetra dax, a bit lower. To the upside, media, autos, healthcare. Big story in healthcare biotech, the underlying pharmaceuticals. Basic resources off by 1