Misses expectations. Casp casp the ceo the tariffs are entering into the game. It will be a loselose for companies and regions. Best in a decades. Zurich hales a strong first half and strikes a bull iish tone on the outlook. The ceo says cost cuts have begun to pay off the change in portfolios in Property Casualty and we continue to shape our life portfolio to be neutral to the Financial Market situation and to provide risk coverages to our customers. A warm welcome to street signs. It is thursday, it does feel like friday after some of the market gyrations weve had over the last 24 hours. Yesterday was a tumultuous day across the board, across all different asset classes. Lets talk about some of the u. S. Equities price action the biggest comeback for the year across wall street. At one point dow was about 2 weaker, almost 600 points lower on the day it spent the rest of the session clawing back up slightly ending in the red yesterday below the flat line. S p and nasdaq did manage to
Business it could be a 1 billion transaction. And theres one tech giant thats outspending the pack amid heightened regulatory scrutiny cnbc crunched the numbers. Well bring you those details ahead on lobbying spending. And changes at the top as the uk looks to choose its kn new Prime Minister, what does it mean for investors we go live to london its tuesday, july 23rd. Worldwide exchange begins right now. Good morning im dominic chu. This is a live shot of our nations capitol where just hours ago the white house and congressional leaders averted a potential Government Shutdown and default on our debt reaching a twoyear deal to lift the debt ceiling and raise federal spending levels. President trump tweeting the news late last night calling it a real compromise, much more on that big deal coming up. Heres how your money and the Global Markets are setting the day up ahead the dow will open higher as investors away results from a slew of companies. The s p by 8 points, the dow jones, 82.
And apple inking a 1 billion deal with intel over its mobile smartphone business what it means for both companies. Its friday, july 26th Worldwide Exchange begins right now. Good morning im dominic chu. The four main stocks were watching this morning, its about earnings and m a, much more on these headlines coming up first heres how your money and the Global Markets are setting the day up stock futures indicating the dow will open up fractionally, just about 25 points or so. The s p up by 7. The nasdaq just by 62 after stocks ended lower yesterday on fears the fed will not cut rates as aggressively as previously thought. For the week, the dow is the only major index still in the red. The bond market now is moving slightly stronger here that benchmark slightly higher, just a hair below 2. 8 let us now go worldwide. On the asian side of things, the nikkei in japan down a half percent. The hang seng off twothirds of a percent. The shanghai up a quarter of a percent. In european trading, s
Profit streak comes to an end sending shares lower in extended trade. Dont miss our interview with renaults ceo as the french carmaker cuts its fullyear Sales Guidance on a degradation in demand. No clear direction so far in european markets after that key announcement from the ecb about forward guidance, the introduction of quantitative easing down the road and what seems to be an almost certain rate cut in september in terms of the individual markets across europe, though, you can see the four major indices in europe are trading slightly higher. The ftse 100 in london about a fifth of a percent higher. Similar story in germany we have huge amount of earnings going on at the moment the cac 40 is slightly above the flat line. In italy, where weve been hearing from the two deputy Prime Ministers about the future of the economy, you can see the ftse mib is in negative territory. Media performing well as is telecons technology in europe bouncing slightly higher, up 0. 4 the Retail Sector
As the British Asset manager posts 16 billion pounds worth of outflows in the first half despite some strong market gains. And china sets its yuan fix at a slightly weaker than expected level, the trump team plays down fears of a drawnout trade war. The nato secretarygeneral tells cnbc the tension goes beyond trade. We need to assess security consequences for all of us of the rising military power of china and also see that china is coming closer to us in europe, in africa. A very warm welcome to street signs. As you can see, a fragile calm taking hold of markets today in europe this follows a mixed session in asia and a rebound on wall street the stoxx 600 trading about 0. 7 higher the calm really has come on the dak back of stabilization in the yuan the pboc fixed the Reference Point for the yuan slightly weaker than expected, but overall no more escalation in the u. S. china trade tensions and currency tensions. We have plenty of corporate earnings coming through today in europe let