European equities are trading 30 minutes into the session. Stocks are falling in europe, the biggest threeday drop since november 4. Donald trumps firing of the acting attorney general adding about uncertainty decisions in the new administration. Thats the biggest drop since november 2. And currencies are rising against the dollar. Look at the greek 10 year yield still no agreement between the latest bailout review itseen greece and creditors. Lots of Corporate News to tell you about shell accelerating its drive to shed assets, agreeing to sell its fields in the north sea and thailand. The disposals include the sale of half the companies north sea assets for about 3. 8 ilion dollars. 3. 8 billion. Bgts filing up after the 54 billion takeover. A swedish fashion retailer, h m, providing relief for the european clothing industry, reporting profits that topped estimates and setting a new annual growth target after missing estimates of five of the previous six quarters. Seasonable weather p
Earnings. Disney, groupon, potbelly. I have never been in one. The sandwiches are keller. Killer. They are not exactly the healthiest. Road trip. Lets do a road trip right now. Equities, bonds, currencies, commodities. Futures, 3. Euro is weaker. To 98. 43 four nymex crude. On to the next screen. The vix. The ruble i am watching carefully. 35. 79. That is a weaker ruble over the next few days. Lets go to the ruble a look at the putin litmus paper. Here is the angst. Weaker ruble. Then they do better. They reverse. 80 of the better news. In other words, your dollar buys more rubles. Strengthening dollar, weakening ruble. That is a big deal. Of troops. G we have not been talking about it. We have been talking about the middle east. Gaza, iraq. That brings us to our front page. The newspapers and the webpages. Lets give you an update. A 72 hour ceasefire begins in gaza. This is the latest attempt after four weeks of fighting. Israel has pulled out all of its troops because it has complete
Told Ryan Chilcote the country is heading into a recession if oil stays at 45 a barrel. The Current Situation 45 dollars a barrel and you expect that to be all year. In that case, the depreciation will be 4 5 . Oil price you are working on right now . It is a possible scenario. It is the worst possible. Generally, it will be higher than now. In case it is 45, the decline would be 4 or 5 . How long do you see the recession lasting . It depends on markets and we think that it will be 2016 are 2017. Or 2017. One of the price of oil stays low be on this year . We will have Something Like 170 billion. It is something around 10. The price will be around 45. The budget spending is for budget. It loses something with the oil prices. We have the budget. Ok. Lets get more and go to moscow. Lets get a sense of how confident the government officials are about the future right now. They are not confident. They are not showing yet. Theyre putting on a brave face. Things seem to have stabilized. The
Present move. That is clear. Whether or not it will suffice to get inflation which would be satisfactory is another story. Markets are betting that mario draghi will announce a Bond Buying Program next week at the ecb meeting. Another rally in oil and a did not last long. It rose on a 6 after relative strengthening. It was oils biggest increase in 2. 5 years. Today, prices have fallen almost 2 . West texas intermediate is trading under 48 a barrel. While bright for blackberry investors. Shares fell as much as 17 in extended trading after simpson denied report that samsung was in talks with to buy the canadian smartphone maker. Meanwhile, struggling Electronics Chain ready of shaq may file for bankruptcy protection as early as next month. That according to the wall street journal. Radioshack has lost money for 11 quarters in a row. This is beyond cool. After 19 days that is what amazes me most 19 days, two athletes consider what many considered the most challenging what many consider th