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
At buy at mizuho. Mcdonalds higher after announcing ceo was going to add the chairman title to his accolades. Despite the excitement surrounding n vidianvidia, the p less than 1 and other chip stocks are lower including a supermicro plans to add more shares. Pharmaceuticals up 100 today. Astrazeneca offering to buy the company for 2 billion plus another 400 million if milestones are achieved. Fusion is working on new ways to target cancer cells. And with just 24 hours until we hear from the fed, that is where were going to start today. So what will the fed do . And when will they do it . The latest cnbc survey showing the economist strategist and Fund Managers polled expect three rate cuts this year with the first coming in june. Our next guest is in that threecut camp, but with a possibility of only two. Lets bring in Steven Stanley you just saw him come in there, didnt you . You saw him shadow. You saw the shadow of Steven Stanley, chief economist. Welcome. Good to have you with us.
Investors are still concerned over chinas economic recovery even though there have been signs of stability creeping in. A sliver of good news from developers as we mentioned. Country garden and rishi sunak with them winning and sunak winning bondholder approval. Lets check in with the Stock Exchange of thailand in bangkok. Very little change. The dollar continuing the lurch higher there against the tide thai currency. The tourist numbers from thailand coming through and they are dependent on visitors revenue. The Bangkok Administration say 90 million tourists have visited the country so far and received 795 billion baht of revenue. You can divide that by 35. You lets get more on markets. The chief strategist at union bank there is here. How would you characterize the price action we are seeing in the Market Sentiment as we await the Central Bank Decisions . We would characterize it as a market is trying to transition the mindset from the disinflationary story focusing on Central Banks