Slowing traffic. U. S. Markets close in two hours time, lets get check on where stocks are very we seem to be a standstill today. Never record, we have some red on the dow and s p 500, the nasdaq on pace for a potential record close read record close. The tech heavy nasdaq again on pace for a record close if it happens, the first since june 9. Not so far from a potential alltime high. Lets take a look at the chart on the bloomberg. Of until just recently, tech have been pulling back. Represents the money flows and the qqq q are associated with the nasdaq. Green flows income red flows out. You see the tech fullback, the qqq to higher. Netflix shares are absolutely soaring on the day, it would take a look at the today chart of netflix, we see the stock is up in a huge way on a big subscriber beat. 15 over the last two days. They put up 5. 2 million subscribers versus the estimate of 3. 2 3 million. Really knocking it out of the park. Much of that from international growth, which is what
Slowing traffic. U. S. Markets close in two hours time, lets get check on where stocks are very we seem to be a standstill today. Never record, we have some red on the dow and s p 500, the nasdaq on pace for a potential record close read record close. The tech heavy nasdaq again on pace for a record close if it happens, the first since june 9. Not so far from a potential alltime high. Lets take a look at the chart on the bloomberg. Of until just recently, tech have been pulling back. Represents the money flows and the qqq q are associated with the nasdaq. Green flows income red flows out. You see the tech fullback, the qqq to higher. Netflix shares are absolutely soaring on the day, it would take a look at the today chart of netflix, we see the stock is up in a huge way on a big subscriber beat. 15 over the last two days. They put up 5. 2 million subscribers versus the estimate of 3. 2 3 million. Really knocking it out of the park. Much of that from international growth, which is what
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
Growth of 0. 7 fail so impress investors. And clack action. Shares of novo nordisk sink after a u. S. Law firm files suit against the danish drugmaker over allegations of concealing pricing pressures in its earnings release. Good morning. Welcome to street signs. We want to kick off with breaking data out of germany for the full 2016 gdp data. We are looking at an increase of gdp of 1. 9 year on year. Some forecasts were looking for something as high as 2 . Looking at the components breaking down the picture, private consumption higher by 2 . Government spending by 4. 2 . Now, looking at the household consumption, that was also 2 higher on the year. This follows disappointing retail data we had out a while ago from germany. Overall the gdp figure is higher by 1. 9 . That compares to a forecast coming from reuters for 1. 8 . When you look at the comparison, this figure slightly ahead of expectations. Lets talk a bit also about oil. We have some flashes coming through on norway. Just try
72 . Investors regain postbrexit composure, Federal Reserve strikes an optimistic tone. Will the fed hike in 2016 . We speak to the ceos of Anglo American. They are coming up over the next hour. Caroline german sports good maker is raising its forecast. We have a flurry of earnings. Adidas coming out saying 2016 net continued operations will be up 35 to 39 . Well ahead of the 25 growth seen previously. Upping their forecast, secondquarter sales;ow sales uparter group 21 on ethics adjusted basis. This is an upgrade from the secondbiggest sports maker in the world as nike is clearly been making inroads into china. Well see how much we can see a turnaround in adidas. Lets have a look at how the futures market is spiking itself up for the market opened. Pretty lackluster after the Federal Reserve yesterday, we are seeing the futures market flat at the moment. This is your assets. This is the futures market currently, flat. A little bit of profit taking after the Federal Reserve seems to be