You. Putting into context the Foreign Exchange movements have seen in 2016. The story yesterday was around the pound and we will get to that. An pound against the dollar, underperformer in 2016. It hasnt moved all that far from where it started this year. The yen a very different story. It advances this year as the pound falters to the yen. Feeling the pressures of the polling data around the brexit data. That seems to move the japanese currency up as well. If we move up to where the assets have been moving overnight, you can take us through that. We heard this from george soros. Manus we talked about this as the show goes on. Sorosxit is ion agenda. It really recovered yesterday. One quarter of 1 this morning. I find it most fastening that fascinating is that he said who would think it would take the pound for europe. The dollaryen is also on the move. The longest rally under abe has just been broken. The longest streak. Gold at the bottom of your screen falls for the third time if th
Still closed. Ftse down. 4 . Cac 40 on the other hand looking up almost. 2 . It is coming in a little bit of a mixed picture at the moment. Investors digesting the slightly more hawkish stance from the fed. Digesting the earnings reports that we have had today as well. Ill take you through some of those focusing specifically on the oil majors of course. That is one of the Industry Groups that we have been looking at this morning. Shell down more than 1 after a reported 70 decline in Third Quarter profit. Largely down of course to slumping crude prices. Brent crude fell about 45 in the past year. Total, this is moving higher. Shell of course europes biggest oil company, total second biggest. Third quarter profit actually beat analyst estimates. This was down to a refining business. We saw that pull through in the Second Quarter as well. Lower crude prices tend to be better for refining margins. Italys Largest Oil Producer reported a net loss in the Third Quarter. Just very, very quickly
In all four states, there was some amount of difficulty with either the online portal or the oncall center. In the statebased, navigators had backend access into the portals. And really make sure to assist a consumer all the way through enrollment. Furthermore, they had direct contact and regular contact, sometimes daily, with the state exchange leadership. So they could get realtime results back. A federal portal and call center for states. It was a huge task. Our primary lines of communication were through our grant officers and regional offices. The information had to kind of travel through different level also to the folks working the call centers. The challenge, my colleagues also talked about is low health literacy, the complexity of choosing a health plan is the greatest challenge a navigator faces. Both statebased exchanges and federal exchanges received some combination of training that was required. But felt committed our n navigators needed more. Both in advance of open enro
Market to ensure Market Participants do not think she will go straight for the hikes. We are going to get the Unemployment Rate and the average. Standard saw this floating through this morning and it was raised by bernstein to outperform 2015 earnings. Significant upside in the stock. It will be 700 and they are building the capital organically. There is less of a possibility and probability of having to come to the market. That is one of the individuals to keep in mind. Banks were concerned. That is a leader on the board. The european retailer has huge exposure to russia and over a third of the stores are in russia. We are looking for demand. Stores and 88 markets. A lower euro should add value to that. There is 40 last week and earnings are up 7 . Dividends are of 20 . A brisk march higher and the euro is virtually unchanged. Where we are, i am saying the overall is going too far and too fast. The final phase is looking for a rebound and it goes against the calls you have been readin
Income, so thats very positive. And the shell ceo admits to a disappointing Second Quarter. Investors agree they sent shares lower in london. You have a complex kind of result because we had impairments, we had effects like big Foreign Exchange movements and also we have a situation in nigeria which is giving us some concern. Japans top Consumer Electronics companies on the road to recovery. Sony and sharp both deliver better than expected earnings. Analysts arent sure if thats enough. Warm welcome to the program. We kick off with eurozone manufacturing pmi growing for first time in two years in july. Factory outputs surging. Markets using pmi up to 53. 3 in july. From junes 48. 8. Revised slightly higher from the preliminary reading of 50. 1. And over that 50 threshold for the First Time Since july 2011. Follows a string of fairly good or more promising Economic Data out of the eurozone. Unemployment also falling slightly. Did revise actually the june number. Still near the record hig