Turmoil in Hong Kong Hits the swiss watchmakers first half sales. Chipmakers gain ground as Dialog Semiconductor raises its guidance and asml forecasts solid growth for the rest of the year good morning top of the hour on street signs. Lets go over some price action weve had over the last 24 hours ending with the wall street moves yesterday. What we saw on wall street is u. S. Equities slipped for the first session in four days the dow ending about 23 points lower. A tenth of a percentage point. A fraction weaker as we get into the heart of the earnings season the drops were bigger for the s p and nasdaq, but still about a third and a fourth of a percentage point the focus has been on earnings season with some of the key banks reporting yesterday. Goldman sachs, jpmorgan, wells fargo looking head we also get bank of america one of the ones you want to watch out for. As we were talking about, the focus is back on trade more commentary out of the u. S. President suggesting that they coul
Revenue still going. We will see how this develops. The Second Quarter sees europe shine with the sector moving 2 . Premiums will stay elevated to combat inflation. There is inflation pressure, but we have rate increases and those are we have the ben pefit from investmt income. And we await the latest inflation print with the Federal Reserve possibly looking to the end of the hiking cycle. And disney revealed a larger than expected subscriber loss. Bob iger pledging to sharpen focus. We are prioritizing our brands and franchises and rationalizing the volume of content we make and what we spend and what markets we invest in good morning. Welcome to street signs. Lets kick off with data from italy. These are the fresh numbers in july the final cpi for the month has come in down 1. 6 month on month against the preliminary estimate we have inflation up 6. 3 . That is a touch lighter than the 6. 4 forecast. In terms of the final july cpi index, that was flat month on month. Key inflation wa
Police confirm they are investigating what looks like arson near the tesla factory after the media report it has been evacuated. And the highest topping the stoxx 600 for thales. We will hear from the ceo Patrice Caine later today exclusive interview. And bad apple. The regulator bringing down a fine as the scrutiny of the big tech firms heats up. This is a parking ticket. Maybe not even a speeding ticket. A parking ticket. Across the day, we have been getting into economic data. Welcome to the show. This is street signs. We have been getting data cross europe with regards to pmi and getting a sense of the final data points when it comes to the Manufacturing Services and the likes as well and really looking at the february final services pmi out of the eurozone. The final reading, as i have been saying, coming in above the contraction and expansion zone of 50. The flash number was a flat 50. Now a 50. 2 for the february final services pmi. That data coming through earlier on. We had se
Flight to safety. Shares in semins as diagnostics takes a hit in the Third Quarter. The ceo says hes still confident despite some challenges. We saw some headwinds from Foreign Exchange over the year and we guide for this in the last quarter and because of this, we see very well underway to get to the lower end of the original guidance. Four charges and six alleged cocon coconspirators. Former President Donald Trump is indicted for attempting to overturn the 2020 election and conspiracy to defraud the u. S. Well, good morning to you. Heres the news weve been breaking across the morning. Fitch stripping the United States of its aaa reading and down to aa its over the standard of governance over the last 20 years following the buy saturday tan talk in the month of may which eventually saw the debt ceiling raised until january 2025 now, the agency had placed the u. S. On negative watch following the 11th hour deal fitch then also flagged a high debt burden along with an expected mild rece