Word of the day for traders. Chinese stocks extended the worst fiveday drop since 1996. The marx apparently unconvinced by the peoples bank of china decision to cut markets rate the apparently unconvinced. Stoxx 60019 indices are down here lets cross to our chief asia correspondent. Enda, a very good day to you. Markets simply unconvinced is the word. Enda unconvinced is exactly right. What the Global Markets wanted out of china was a Circuit Breaker. There is a feeling this crisis began in china. Dona needed to intervene, to something. It does not look like what they have done has been enough. The central bank will need to cut rates further. That the government will need to do more to shore up the chinese economy and turn sentiment around. The positive thing is that china has monday of more ammunition in its arsenal if needed china has plenty more ammunition in its arsenal if needed. Francine what is next . I guess the question is how much will they intervene . Enda well, so this is o
Our own tenyear back to 220 we begin with riding the record run on wall street futures point to moderately lower open plus, dinner and a deal or no deal conflicting reports on an immigration agreement after President Trump dines with Democratic Leaders schumer and pelosi. Equifax blaming vulnerable web data, down 30 in the past week after another recordsetting day for stocks, the dow is on track for best Weekly Performance as we have two more sessions together again. Were kind of running out of catalysts. I got up and said, lets check the research its like, wow, okay, i see theres a note out about Tenet Health Care and whether thats going to be able to get anybody to buy it. And then i see a couple of notes about a couple of obscure companies that are too small to talk about emerson having good orders im saying, wow, im going to have some of your granola. That, theres a little sell side maybe theres something on coors out of jeffries, a lot of microcorporate incremental news. What i wa
Gas turbine unit hurt the Fourth Quarter profits. The co tells cnbc hes positive on the outlook its a complicated environment. We have been outperforming competition. As i said, i look at my business, i look at our customers, we also are mindful about our competitors. I think we are on a good track and adidas shares fall despite the company posting a Third Quarter beat with growth in china and the u. S Kasper Rorsted says the company will push ahead for its plans for american expansion theres no doubt within the u. S. Marketplace that is hardly growing and were growing more than 30 shows we are gaining traction for the last three years in the u. S good morning its thursday, and it is an incredibly busy thursday plenty of news coming out of the german corporates. Much of that was disappointing, if i look at the likes of siemens, adidas. Lets show you the heat map and show you how were faring. The stoxx 600 is off by 0. 1 after we fell by 0. 1 in yesterdays trading session. So the moves
Dow coming off a high and the s p and nasdaq coming off. They are sort of mid range is what we are looking at. The risk off attitude has resumed to some extent. It is the nasdaq doing the worst of the bunch. Losses double what we have seen for the s p 500. We have bounced off the lows as the nasdaq traded down. Here is the today chart and the bounce we are seeing even yesterday. We saw the nasdaq close off the lows of the session. If you look at the percentage declines in the nasdaq 100 three of the four worst are not even tech stocks. Ats to neutral firm davidson, the analysts saying there is a deteriorating nearterm business fundamentals if you look at the company, and the companyceo had presented a thoughtful Strategic Land but were lacking, as was execution specifics. Dollar tree is down as well as we saw forecasts disappointing perhaps. It is interesting that it is not just tech and the nasdaq. You look at the 52week highs versus lows, we are at 44 . Just last week where the nasda
Dow coming off a high and the s p and nasdaq coming off. They are sort of mid range is what we are looking at. The risk off attitude has resumed to some extent. It is the nasdaq doing the worst of the bunch. Losses double what we have seen for the s p 500. We have bounced off the lows as the nasdaq traded down. Here is the today chart and the bounce we are seeing even yesterday. We saw the nasdaq close off the lows of the session. If you look at the percentage declines in the nasdaq 100 three of the four worst are not even tech stocks. Ats to neutral firm davidson, the analysts saying there is a deteriorating nearterm business fundamentals if you look at the company, and the companyceo had presented a thoughtful Strategic Land but were lacking, as was execution specifics. Dollar tree is down as well as we saw forecasts disappointing perhaps. It is interesting that it is not just tech and the nasdaq. You look at the 52week highs versus lows, we are at 44 . Just last week where the nasda