Expanding in spain and italy in june. Nicolas sarkozy denies all wrongdoing as he takes to national tv to defend himself against allegations of corruption. And setting the record straight, volkswagen denies reports it will launch a takeover pick for paccar. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Well, a warm welcome again to thursdays Worldwide Exchange. You can see the heat map behind me. A bit of a difference to what weve seen for the last few mornings. A bid to the upside taking the stoxx europe 600 up around 0. 25 this morning. We had a relatively unchanged u. S. Market. They did manage to make new record highs for the dow and the s p yesterday. Adp coming in stronger than expected, the second highest since the beginning of 2011. It is a bit of a catch if you look at the payrolls on average. Gains across the board, as i was mentioning there. 0. 4 for the likes of the french and the german markets. The ftse mib now up around 0.
Before the bell, well be hearing from retailers walmart and kohls. And the bulls are hoping todays earnings and Economic News can give stocks another boost. The dow snapped its threeday winning streak. Out to the futures this morning, youll see at this point there are some strong moves in a positive direct. Dow futures are up about 60 points above fair value. The s p 500 up by eight points, the nasdaq up by almost 20 points. While we were sleeping, asia closed mixed. Take a look at what happened with the nikkei. It was up another 1 . A lot of speculation out there that the Prime Minister shinzo abe may have decided to call an early election. Also thoughts that they would be putting off the planned hike in sales tax. If they put that off, that would be another positive for the economy. Industrial production rose therein than expected last month. Shanghai was down 0. 3 . Retail sales falling slightly below estimates. If you take an early look at whats been happening in europe, some stron
Biggest annual drop in dollar terms. Industry group api will release its data today. And in global news petro bass could be declared in technical default on some of its foreign debt. Some bondholders want petro bass to speed up its losses in that giant corruption scandal. So a lot going on this morning. Mr. Kernen. It was down yesterday. In the second place. Here it is. In Corporate News the shares of civio today. The small Market Cap Company about to get smaller. The Oil Field Services provider warning the First Quarter and full year revenue numbers will fall well below analyst estimates. The company suspending its dividend and announcing plans to cut its workforce by 45 in the United States and 30 in canada. The ceo blames big cuts in Capital Spending by major oil companies. The first time weve ever led with it, but thats why. Because we are going to be watching. It doesnt matter the size at this point. Well be watching it for any of the ripple effects from whats happened. The crude
And the french government says it is honorable and they should get on to growth. Weve been having manufacturing pmi data out this morning from the likes of france, germany and italy all disappointing. 4 4 it was forecast at 50. 8 and its come in at 50. 6. So a little less than was expected. 50. 6 is that number. A fourmonth low with the manufacturing number and as far as the french numbers, too. Indeed. And that is contrasting to ireland. Slightly lower than the number did come in at 53. 8 marking 13 months of growth. The german number, as we touched on 50. 2 versus 49. 5. I suppose the interesting thing about this is its no longer that simple call strong call weak periphery. Theres a lot of divergence and it makes it hard to know what the right course of action is. I believe its really simple. Europe is struggling. There is no growth in europe. Its a very easy decision to make i think, snars qe is concerned in europe. Look at disinflation inflation, arguably, some of that is needed. E
Were left undelivered. It is a half day close for the markets today. Germany closed today. Other european markets are having shortened sessions. Take a look at futures right now and see how the market is setting itself up for this Christmas Eve market session. Dow jones would open higher, about 43 points higher. Nasdaq up 10 points and the s p 500 up a little over 5 points. Weekly jobless claims, were going to get that at 8 30 eastern time. Economists are looking for 290,000 first time filings for unemployment benefits. Then weve got Corporate News to tell you about. Takatas president is stepping down amid the scandal over that massive air bag recall. The companys grandson will assume that role. Everybody is wearing red. Merry christmas. Merry christmas, everybody. Among the biggest buzz stories this morning, south korea now indicting i thought we were talking about north korea. This is south korea. Ubers ceo. The Ride Sharing Services governing a law involving public transport. This i