Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
The rest of europe is open, today. It is lower, falling on the stronger euro, the highest level against the dollar since january 2015. 77 use of the u. K. Holiday, below the the french Advertising Company confirmed the industry slowdown which was signaled by wpp last week abandoning its forecast, clients pulled back agencies slashing spending and prices. The chief executive officer joining wpp inciting a slew of problems affecting the industry, from declining investment by clients, economic downturn in higher Growth Markets and hard bargaining as agencies fight for business. Ad Companies Worldwide are being hit. Shares are little changed on the day. The euro against the dollar rising to its highest level since january 2015. The euro is on such a carrot the moment that it took nothing at all on friday from the likes of mariota johnny mario draghi to drive it to its biggest gain this quarter. The concern Going Forward is it may take precisely nothing again to bring the euro back down. Bu
Lets get on your data check to see what we should be watching out for. Risk off mood. As the significant today dollar, traditionally a haven, is not the haven per se. And havens after the Missile Launch, gas and oil caning with energies bracing for another hit from Tropical Storm harvey. 108. 51, but gold, the outstanding winner in all of this. My euroo take you to chart. This for me is significant, it has hit 120, not only from a technical level, but it encapsulates a relatively united leadership in brussels and the chaotic things from washington, d. C. We have heard. This coupled with improving european fundamentals, so watch out for that. This is the euro. We brought it back to inception in 2000, currently at 120. 42. Its get to the first word news with nejra cehic. Hasa Tropical Storm harvey drifted into the gulf of mexico and is poised to strengthen before crashing ashore again on the texaslouisiana border. Some predictions already pushed putting the cost of the damage as high as
A look at european equities and how they are trading right now. The biggest declines for greeces asc since june 24 last year. Spain lower. Italy. Referral stock markets declining. Stock marketsl declining. One of the many questions that will be uncovered as these Coalition Talks begin in germany. Euro down on the back of the german election. Bond yields declining. Some corporate stories to tell you about today. Unilever agreed to buy a south Korean Company for 2. 2 billion euros. Shareholders who own it are bolstering unilevers position in one of the worlds biggest skincare market. The brands include dove, ben jerrys. The acquisition marks a shift from other recent purchases. Shares, to be fair, are barely changed. U. S. Private equity firm hellman net,reeman agreed to buy adding to a wave of acquisitions this year in the payments industry as investors seek to profit from growth in online commerce. Up by 6. 3 . Ts hellman and friedman will offer shareholders cash. That is the day befor
Headlines from outside the business world. Emma chandra is here. Emma thank you, david. It was terrifying night on the Las Vegas Strip. Police say a gunman perched in the mandalay resort and casino opened fire on an outdoor music festival. The death toll keeps climbing. Eres the las vegas sheriff. The number of injured, i do not know yet. But we are looking in excess of 50 individuals dead and over 200 individuals injured at this point. Emma police swat units stormed the mandalay bay and killed the suspect in the shootout on the 32nd floor. Hes been named as steven paddock, a 64yearold las vegas resident with no known terror connection. Hes believed to have checked into the hotel as a guest. Authorities say theyve also located a woman who was described as a person of interest. Meanwhile, nearby Mccarran International airport has resumed operations. Some flights had been diverted to other airports during the shooting. And well bring you more on this developing story as it breaks. David