Shares in Royal Dutch Shell drop as weaker prices hit the Second Quarter and profits fall to the lowest level in two years. And best in a decade barclays profits soar 80 in the first half as they hike its dividend our return on equity was 9. 3 so for the first half of the year it was over 9 , 9. 4 its probably the best statutory first half performance that barclays has had in nearly a decade and rio tinto shares come under pressure after the miners first half profits miss expectations despite a bumper special dividend we have a very decent Capital Allocation weve been implementing this for the last few years in terms of strength of balance sheet, in terms of investment in either growth project and returning cash to shareholders weve been doing that. Welcome to the Program European earnings season in full swing with key reports in the oil, mining, financial and industrial sectors shell its missed expectations reporting Second Quarter profit that fell 25 to a 30month low thanks in part t
Feel the fed chair seat. Will bring you the latest from vienna. Matt i am looking at the futures here, take a look at equity index futures. We can see the percent missed price on the bloomberg showing a negative open for the ftse, slightly negative on the dax and positive on the cap. It is a mixed trade if you look across the entire european sector. Take a look at treasuries. I have a threeday chart and we can see that they are trading flat. Yesterday the yield rose six basis, points. Investors selling off treasuries six basis points. Investors selling off treasuries. When they have that cash, could they use it to go into some of the value stocks that were so popular in the u. S. Yesterday. To see how that makes broke down. Banks in focus ring sold, rippling into the Asian Session. Some of the more tech heavy markets under pressure through the Asian Session. Ofope does not have a lot tech. That could be something of an advantage. Yesterday the ftse sold off, that was a pound story. Mar
Medium term. We will speak to ceotidjan Ceotidjane Thiam late their morning. And viva aviva says it will deploy 3 billion pounds in excess cash. Good morning its thursday, not just any thursday, it is opec thursday. Its only a matter of minutes until steve is let into the socalled opec scrum the ministers in the room are widely expected to strike a deal to extend crude production cuts by as much as 9 months you can see steve in the background hes ready to go well bring that live to you wlechb when it does begin Traders Await a decision from opec and nonopec nations bp is off by 0. 63 shell off by a half percent. Statoil a touch lower. Really were just in a wait and see mode lets tell you whats happening with the rest of european markets. Were modestly higher today. We saw another record high for the dow. The nasdaq fell, given the selloff in the f. A. N. G. Stocks specifically, the tech stocks overall, seeing their biggest oneday drop in five months. The nasdaq posting the biggest oned
Stoxx 600 after a selloff in Technology Stocks. Meeting, we understand that russia and opec will extend their production cuts. Eurodollar, im looking at that, also pound. Maybe finding an agreement. With some of her possible coalition partners. Later on, we talk italian banks and risk with claudio costamagna. Interview yousive dont want to miss as well. Minouche shafik joins us in her first tv appearance since leaving the boe. I, we will talk with the socgen chairman. Lets get to the bloomberg first word news. Nejra u. S. President donald trump has nominated Marvin Goodfriend to be a governor of the Federal Reserve. A professor at Carnegie Mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. Opec and russia are ready to extend their Oil Production cuts until the end of next year to ensure global stockpiles keep falling. Viennang to delegates in , all opec members a
All that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by love me tender we can like many, but we can love only a precious few, because it is for those precious few that you have to be willing to do so very much. So you dont have to do it alone. Lincoln financial helps youe provide for and protect your financial future because this is what you do for people you love. Lincoln financial youre in charge. Fathom travel. Carnival corporations small ship line. Offering seven day cruises to three cities in cuba. Exploring the culture, cuisine and Historic Sites through its people. More at fathom. Org. Fivaybaltit and the william and flora hewlett foundation, helping people build immeasurably better lives. Wl supported by the rockefeller foundation. Promoting the wellbeing of humanity around the world by building resilience and inclusive economies. More at rockefellerfoundation. Org and with the ongoing support of these institutions and individuals. Th