Equities are trading with 30 minutes left in the monday session. Stocks are rising for the first day after rising for the first week in five. The red cars are your currency falling against the dollar. Janet yesterday will testify in front of congress. Carillion is a big decline here in the u. K. Shares fell as 41 . Thats the lowest since 2003. Profit will be lower than expected. Dividend payments will be suspended. The chief. Down. Will step down. They have major contracts and the company will undertake a comprehensive review of the business and the structure. This will boost the stock rice. Investors had also been skeptical about the stock because before today it was off 19 already. It was the shortest stock in the u. K. According to ihs markets. They are 41 lower, a record decline at the open today. Lets get to gold. That was the biggest production since 2015. Etp and Precious Metals will cap flows. They saw more investor money and total assets. Gold shares are the top etfs. They fel
Billionaire investor george soros brands trump a wouldbe dictator, who is going to fail, and warns markets will reverse one he takes office. Its too early to taper. Thats the message from ecb executive board member Benoit Coeure, who tells cnbc exclusively the Central Banks policy is still working. Too early to have that discussion on when it ends, and even when we taper. That discussion has not started yet, because inflation is not firm enough, sustainable enough. That will come that will come later. Theresa may meets top wall street bankers as a slew of lenders unveil plans to move jobs out of london. But the uk Prime Minister tells cnbc the country is open for business postbrexit. Was were doing is setting up clearly for people what the position will be. Im optimistic, i expect to negotiate a good deal. But we wont sip up to a bad dea deal. The day has come. Its january 20th. We are less than eight hours away until donald trump takes the oath of office at the inauguration. The final
Things that goes to john cryer. We are less than 30 minutes away from the European Equity market open. Lets ticket look at the terminal and show you a bloomberg is telling us about what that open will look like in 29 minutes time. It looks like the market is going to be opening on the front foot. A positive open for europe this morning. Around. 6 for the london stocks. London and paris are slagging a little bit. European markets were fairly flat yesterday. As a result of which, if fairly decent start to the day. What else is going on, matt . Matt you are seeing the aussi job by the most in more than a month after we got the minutes back from the rba meeting, suggesting they will stay put for the next meeting to look and see what their moves have done so far. Crude oil jumping to basically a sixmonth high. Look at nymex crude. U. S. Eculations that stockpiles will continue to fall. And then gold down. We have more big names added to the gold pile. We have heard from druckenmiller, who t
London. Im francine lacqua. Lets quickly check on the markets. We decided to plug pound before anything else. If you were to choose one story you wanted to date deeper into, it would be bank of england and repercussions of a brexit on whether they will do qe and what an Interest Rate cut means for the economy. For europeanicture stocks overall, gaining a touch. We had earnings news here in there. Crude oil at 43. Lets get the bloomberg first word news with nejra cehic. Nejra siemens has raised its earnings outlook for the year after higherthanexpected thirdquarter profit. Europes biggest Engineering Company said profit from socalled industrial operations rose 20 in the three months through june. Chicago fed president Charles Evans says one rate hike could be warranted this year. He expects growth to increase in the second half of 2016 following disappointing gdp readings in the first two quarters. Investors are awaiting fridays jobs data for july. A woman has been killed and five other
Seaberg, great to have you with us. Eric, riddle me this. What has changed and why today do we feel so great of a fed rate hike . I have no idea. I think, you know, were going to be in a cheap market here for the foreseeable future just because of all the uncertainty surrounding Interest Rates, Consumer Spending and Political Uncertainty here and in europe and while this frustrating sideways market may be difficult to navigate were still finding opportunities in the hodges small cap fund. Where . Were really looking at some areas such as some of the nonenergy companies that have been beat down over the last six months by oil prices, Something Like a Legacy Texas Bank share which is a bank that we think is very attractively valued here. The perception of Energy Exposure is not as great or the reality isnt as great as the perception in this stock and we think its created an opportunity for investors. Other areas that we like are areas tied to infrastructure spending, like Eagle Materials