The 2017 performance was the strongest on record. Switch toy says the electric vehicles will drive its future performance. Bloomberg learns that apple is in talks to buy longterm supplies of cobalt directly from the mining industry. Watch the european carmakers on the open at this story. Next turn our attention to what is happening. Lets show you what is gone with the wei. The futures and fair value calculations. Lloyds is fascinating. Attorney money to shareholders. Lets take a look at what is happening with car stocks. But going to talk about all of those stories. At the moment, u. S. Futures are positive. Lets get a sense of what is happening all around the world. Yesterday, european stocks did well. Lets look at what is happening with the yen. Dollar on the front foot. In this big week for the bond market. The walmarts margin store yesterday . That is fascinating. It tells us a lot about the inflation narrative. I think there is a role in wti today. Take a look at what brent is doi
Expected machinery data as the nikkei hits the highest level since december 1996. And at least 17 people are dead and thousands of buildings are destroyed as a series of wildfires rage across Northern California good morning glad youre with us on this wednesday. Its the morning after we heard that speech from mr. Puigdemont in the Catalan Parliament it was a climb down. Yes, he did say the country or the region wants to go for independence, first he wants to go back to madrid and start talks. Whether that will materialize is the big question the reaction in the market is mixed. We are not seeing a huge rally on the stoxx 600 yes, were seeing a rally on the ibex 35, but its not transpiring into a much bigger risk on rally in the rest of europe were down when it comes to the ftse 100 the cac 40 lower to a quarter. Once again want to draw your attention to the ibex 35. Its up close to session highs, up by 1. 25 . This is after catalonias leader Carles Puigdemont stopped short of declaring
The pressure of her treasuries continues to widen and getting good momentum back, novartis ceo tells bloomberg about the improved outlook for the outcome unit. Alcon it gives them more options. Performings is better than anticipated. We are going to get an analyst opinion on this stock at 8 30 u. K. Time. Less than half an hour to go until european equities open. We have already got what is an interesting future story developing. It is picking up from what we saw yesterday in united states. Naked this morning, we saw a selloff post the failure in its current form of the Mitch Mcconnell bill to replace obamacare. It isnt going to happen. What happens next, market is still conjuring and trying to extrapolate this. Does oppose a problem for the rest of the trump agenda, what does it mean about mr. Menu shoulds ability to avoid a debt ceiling. Lets move on from there and talk about what we are seeing around the world because the aussie story is interesting as well. Talk about the gym this
Must agree with a ceasefire with western rebels in the country. Telecom stocks lead the way in europe. Telecom italia higher on reports that it will launch a bid for vivendi despite counteroffers. Venture capital firm invests 20 million in snapchat, the messaging service with virtually no revenue. Good morning, everyone. Its wednesday. Its time for a brand new edition of worldwide exchange. Its one hour into the trading session. We are a little softer here across the European Markets. The stoxx 600 is off by 0. 1 . We had a fantastic rally over the last 2 1 2 weeks specifically monday and tuesday on the back of hints of more qe coming from the ecb. One by one, i want to show you where the softness is coming from. Germany, down 0. 25 . German morale fell for the first time in 123456 years. Why is that . Because of russia and ukraine. The ftse 100 is pretty much flat. The ftse mib is still down by 0. 2 . The ftse markets, dollar close to a 13month high on the back of durable goods and Co
Lot of movement there. Oil still in many ways, im going to say it, key to the market. Yes, yes. He agrees. Totally true. Im glad i i wasnt sure you would agree. There we are. Crude at 76, brent around 80. Big meeting this week. Big meeting this week as well. Our road map this morning and it starts with markets. S p looking to its 46th, 46th record close this year. The dow looking for its 29th. The nasdaq looks about 7 off an alltime closing high from march 2000. Yeah, i remember that. Gas prices fall fog fouryear low. Opec preparing to meet this week. Raymond james weighs in on chevron, exxon, hess, occidental. United technologies announced the chairman and ceo is retiring, effective immediately. Ill tell you whats next for the company, who the new ceo is and ask questions. Not sure we have a lot of the answers. Lets get to the markets. For a sixth consecutive week of gains. The 45th record close of the year, the dow its 28th, nasdaq, as we told you, new 14 1 2 year high, 6 out of 10 s