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Heading our way in an hour and crude inventories not long after that new record at the open but the selloff for tech stocks continues to weigh on the nasdaq and s p. Jack ma, the push to brick and mortar and why jeff bezos struggled in the Chinese Market. A turning point for snap, a key 2018 outlook upgrade shares are up in the premarket. Futures are pointing to a higher open after the record setting day for the dow and s p offset by the sell offin Technology Microsoft and amazon had the biggest impact on the nasdaq and optimism surrounding tax reform. We did manage to get the vote in the house to go to conference with a little bit of drama last night. Jim, you said the reversal yesterday, doesnt bode well well, look, i was doing my show and you posted a little squib about reversal and i did not realize how serious reversal was obviously its more serious for the but i find reversals catch people out of position when youre out of position, you scramble and start reaching for things you
The first half of the year and hikes its dividend. The ceo says the move is driven through growth in the global indices. Our Financial Performance warrants returning a little more money to shareholders as we now have the financial strength of a Company Operating across all the major continents generating a lot of cash. And shares tumble as the cable business sheds customer. This despite hits like the avengers. Welcome everyone to the show im seema mody with euro zone manufacturing and services numbers. Data breaking right now. July final euro zone composite at 53. 9. Services number coming in at 54 versus the forecast of 53. 8. We have been hearing from various countries across the euro zone. Mixed data so far. That service is coming in at 53. 8 while in italy their Services Sector is slowing down in the month of july. French Services Manufacturing activity in july hitting a three month low. What does this mean for the currency market . Well, you can see the euro trading at 108 against
The shares plan for new revenue streams. Welcome to bloomberg daybreak europe. I am anna edwards. Breaking news. We are going to kick it off with sony. Sunny cutting their profit outlook two ¥200 billion from ¥270 billion. Y have been plaguing these the movie side of the business. Surpriseto mondays 112 billion yen charge against its film business. That is despite continuing dominance in its video games through its playstation gaming consoles. It has been the possibility that aty could cut the outlook the results of the weakness they flagged at the beginning of the week. How much was that already priced into shares, we will see. The moviest between division and the stellar Games Division has manifested here. We have a bit of banking that is one of the themes that will come through today. This has caused the biggest mortgage game best Mortgage Bank up in sweden. Swedish. On that is above the estimate of 4. 09 billion. That is across the banking sector. Cost efficiency remains the numb
Poor timing. Shares in swatch ticking lower after a fullyear net profit loss. But the companys ceo tells cnbc he sees a return to growth in 2017. Shares of novo nordisk slide after the danish drugmaker lowers its profit and Sales Outlook for 2017. Good morning, everybody. Welcome. Glad youre with us. We have another very busy day already underway with loads of earnings, lots of talking points. European equity markets this morning slightly mixed. We opened on a lower note across europe. Right now looking at some markets point together upside. The likes of the ftse 100, the ftse mib also seeing slight gains. The xetra dax and cac 40 lower. Deutsche bank being one of the main fallers out of germany, off by almost 7 , 6. 5 . When it comes to the sectors and where were seeing selling, healthcare off by 1 . Telecoms down 1 . Auto is off the most this morning. Financial services and banks also off by a half per st. Technology pulling up, travel and leisure hanging on to brightness. Lets talk