After the biggest quarterly drop in profit. And paribas sees a rise in income as trading revenue dries up and israel continues strikes on the gaza strip with Prime Minister Benjamin Netanyahu warning the military is stepping up preparations for a ground assault. Good morning warm welcome to street signs. It is risk off in europe after the brutal day of selling on wall street which saw nasdaq plunge dropping more than 2. 4 the worst trading day since february that set the tone for selling in europe this morning. The negative sentiment stateside spilling into europe we are seeing heavy losses in the auto sector in europe driven by mercedesbenz and volvo also in the banking sector, Standard Charter dropping double digit at the open after the profit miss. We will detail all those stories for you. Those are the headlines for you and the sentiment dominating the market which negative. Ftse 100 is down. 80 . We are seeing a pullback with cac 40 down o. 70 this coincides with the rise in bond
Kriti good morning. Im dani burger in london and these are the stories that set your agenda. Asia stocks in u. S. Futures slide with disappointing earnings from metaat the tech giant warns of economic uncertainty. It sinks past 150 per dollar raising the risk of intervention. Banks are in focus this morning. Morgan stanley names their next ceo. Standard chartered drops on disappointing thirdquarter results. Bnp paribas earnings crossing this moment. We will break down the numbers and bring you interviews the cfos of both companies. We are live in athens where todays ecb Rate Decision is being made. President Christine Lagarde says the fight against inflation is not over yet. Third quarter net income for bnp paribas is a mess at 2. 6 6 billion euros in the estimate was for 2. 7 5 billion euros. Trading revenue is slightly lower. It is 1. 20 2 billion in the estimate was 1. 0 5 billion. Mostly it online but trading has been spotty across various banks. The cet1 ratio is 13. 4 , higher th
Asia coming to you live from new york, sydney and hong kong. dear coming down t we are counting down to asias major market open. On worries of middle east tensions and higher for longer Interest Rates traders are on watch for yen intervention. Humanitarian aid trickles into gaza as the death toll rises. Aid may be delayed as israel backs diplomatic efforts. Theyre working with china following tax audits. Annabelle at the open of the asx 200 you can see we are in the red. Trading lower for a Third Straight session just tells you how much of an impact what is going on in the middle east is having on markets because the moves we have seen in treasury yields after stabilizing you are seeing muted action in the australian three year and 10 year and earnings as well because we are in the thick of earnings season. Betterthanexpected numbers coming out of u. S. Companies, were seeing the index moving in tandem which tells us again it is geopolitical concerns in the middle east, other parts of
Nearby trade school that will teach people these higher wage skills that they need to have in racine, wisconsin. Just putting it out there, charles. Charles yeah, i know what they say, but i know what history says. [laughter] how do we give microsoft a nickel . Microsoft could buy america. How is america giving microsoft money . If. Liz yeah yeah, what he said. [laughter] thank you. Rock on with your bad with self, charles. Look, it took a bit of time for the markets this morning to start the old bad news is good news dance, but as we kick off the final hour of trade, folks, we are at a session highs. The stock bulls are back on the dance floor. Look at the Dow Jones Industrials, up 311 points. We just touched a high of 324 the points to the upside. Were pretty much if right there. The dow is on pace to extend its winning streak to seven sessions in a row. Look at the s p, up 24 points. It is above 5200, 5212. And then though the tech sector is the sector weakling today, the nasdaq whi
Surprises. Any single shots we dont see coming, of course, well be done. Thats my interpretation of the decision in september. Well have more coverage throughout the morning. The governor is sitting here with me. That conversation is coming up shortly. Shares in ldvh is going down. And knova manyshares. And Israeli Forces on the ground ready. The death toll tops 2,100. U. S. President biden condemns it, supporting israel. Its an act of sheer evil. We stand with israel. We will make sure it has what it needs to take care of its citizens, defend itself in responding to this attack. Welcome, again, everybody, and welcome to street signs live from mary cash. Theyre debating the health of the Global Economy at these meetings in marrakesh, this following tuesdays release of the funds World Economic report which slashed growth forecast for the area in china while the u. S. Economy continues to be a bright spot in the Global Economy. Really happy to discuss this and more with the first deputy