Products a bid to list budweiser brand in hong kong and Saudi Arabias Energy minister says every country should comply with oil output. Well sit down with the russian Energy Minister later on this morning. A lot going on today also in oil space. I want to take you to highlights from the iea report. The agency has kept 2019 and 2020 Oil Demand Growth forecast unchanged. The latest report describes the newly appointed minister as an experienced figure saying the country has acted as a lynch pen even though the compliance rate has fallen to 116 in august and a recession is on the rise in germany. Saying the weakness in industry is slowly spreading to other sectors in the economy, quote, like an oil slick. Theyve scaled back growth indicators now forecasting 1. 2 growth. Well speak about this more at 10 30 Central European time. Interesting ifo is using the word oil and oil slick there could be potential for things to turn around. Ecb expectations have been prizing. Today, the central bank
May be cooling apple shares rise as they unveil the iphone 11 and put a cheaper price tag on its tv service. Good morning. Welcome to street signs. Let me take you straight to the bryce action in europe we had a mixed session for wall street yesterday s p flat, nasdaq a little negative again, the theme was that in the move of bond yields. Its affecting a lot of sectors. Overnight, we had positive news. China published a list of tariff exemptions including livestock, does not include pork, soy or corn the Market Reaction has been positive you can see a full sweep of green. Ftse 100 and we are all eyes on the october summit now up. 8 percentage points. Cac also up around half a percentage point changes around Luxury Brands and casino doing well up more than 1 the italian index also up. Lets talk about sectors the number one theme today is that the cyclical stocks in europe are doing quite well. Banks up 1 . European bank index now up 15 huge recovery. All eyes on that all important ecb m
Move and letse1 get a check on where we stand with the markets on this first trading day of september. The dow is sinking, but just off the lowse of the session. R the s p 500 and nasdaq also under pressure the trade sensitive small caps are down by almost 2 right now, and take a look a shares of boeing the big loser today. The stock down nearly 4 oncons that new e1delays could keep it grounded through the travel season okthanks. As new tariffs kick in, President Trump is warning china to make a deal now or else it will get tougher after he gets reelected lets get to Kayla Tausche with the latest on these trade tensions kayla. That warning this morning comes as no date is set for the next round of talks between the u. S. And china and after a call thursday where china said it was making progress onw halting fentanyl shipments and asked u. S. Officials for relief on tariffs. President trump plowingi aheadn the tariffs on sunday, on 112 billion in chinese goods followed by retaliati
With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst
Make love of stock, no matter how you like the Underlying Company, if the rules say sell it, you sell it. One thing ive learned in my investing career no matter how much you might believe in something, you violate the rules of the road at your own parol but what in the heck do these rules come from . Its not like they were handed down from one high and carved into stone tablets not like the laws of physics, you cant deduce them from serving and gravity. No, the rules coal from experience particular my experience ive spent nearly 40 years in this business and in that time you Better Believe ive learned powerful lessons in many cases, ive learned them the hard way and because i dont want you to repeat my mistakes and because i want you to have the benefit of my career, tonight i want to layout my most important rules for investing, the stuff i really live by some stuff may seem basic but again, you forget the rules. Back at my old hedge fund, i would occasionally convince myself it was o