Paring back some of the gains, we knew this would be a Light Trading week and volume all 50 . Thats why them off 50 volume off 50 . Volume on the off 30 for these smallcap stocks that benefit the most from tax reform. Some green on the screen. Some of the individual members we are looking at today, Natural Resources update. , all of theser Natural Resource Mining Companies hire today after china ordered their top copper producer to scale back production, halt the output and stamp out winter pollution and some of the Natural Resource prices game with the price and copper. In copper. We will look at the run that copper has had. Our eighth straight quarterly copper opper you in gain in copper. Someone noted the price of copper is testing the key resistance level and if you break the resistance level from the bottom and go up top, a bullish sign. Lets look at the London Metal Exchange index, a twoweek period, not only copper but aluminum, zinc, nickel, Industrial Metals are up for eight st
Equity, stellar, super killer, 1. 92 million. I want to highlight their Wealth Management. That revenue, 4. 4 billion, better sequentially. Margin dipped a little bit at 26 , but that is their breadandbutter and looks very solid. David they put so much investment into Wealth Management they said it is a big part of their future. The margin down a little bit, but they are still doing well. Morgan stanley does more equity trading than others, so there equities are good. Alix Goldman Sachs, the highlight for them was their Investment Banking revenue, but Morgan Stanley showing no signs of letting up. Is 1. 55 compared to an estimate of 1. 3, so they are beating there. Alix joining us are Alison Williams, and on the phone is can leon. He is a buy rating on Morgan Stanley with a price target of 59. You are big takeaway . Is an i would say ficc little bit of a surprise, but no surprise coming in strong. We expected markets to help their execution, and it looks like they are right on plan. Th
The cac is up by three quarters of a percentage point. Italian stocks up by 1 . The dax and ftse both up by a third of a percentage point. If you look at crude oil prices, there was some additional pressure that came into this on some libyan output recovering from a technical issue at an oil field that has concerns about whether opec and all of the production halts that the production cuts they continued will really be that effective. Things are picking thank you morning. Starting at the base of 48. 61. Breaking news for you. U. S. Paints maker Ppg Industries will not make a bid for akzo nobel after several informal offers have been rejected. Under dutch law ppg cannot approach akzo nobel for another six months. A check on shares of both of those companies. Akzo nobel down by a point and a half. Ppg unchanged at the moment. Thats the one to watch later today. On todays agenda, Dollar General reporting before the open. Broadcom and lululemon are out after the close. A ton of data throug
Few minutes ago. Lets get to Jackie Deangelis kat the commodities desk. The drawdown crude inventory was 6. 4 million barrels. Both numbers were steeper than expectations. The gasoline drawdown almost 3 million barrels. Thats adding to the boost youre seeing as well. Crew traders are watching for trumps announcement on climate change. Maybe some of the regulations will roll back and it will be good for the drills are in the country. A little bit of mixed circumstances taking us higher today. Big story to watch today. Thank you, jackie. Some of the top names in media taking the stage at code last night including Sheri Redstone and time warners tom bewkes. Take a listen. You have a joining set of b subscribers with different bundles. Thats where we see it. Well have to see how the new parts of the media or the video infrastructure, whether they mitigate the loss from the old infrastructure. And for more we are joined now by founder and chairman of the Case Foundation and krp eo of revolu
Eastern european beer brands, helping the belgian beer giant inch closer to a take over. Unexpected strength in second largest economy. Chinese retail rising 11 in november while industrial outputs out performed. Good morning and welcome to street signs. We want to get to some data. Now what a difference a year makes. That is the key headline from the iaea latest monthly report of 2016. Having started the year with oil at 30 a barrel brent prices have rebounded almost 50 , boosted biopecks first output cut since 2008. If the partners stick to their pledges the oil market should move into the deficit in the first half of 2017. Tore more lets bring in neil atkinson. He joins us now from paris. Good morning. A word there if all parties in the opec and nonopec deals stick to their deals. Is that your base assumption . Yes because opec has come out with an agreement and thats been fold up with an agreement with nonopec producers. We got some fairly clear number. Were not forecasting what th