Down on the volume product in offshore. And alls ton looking at its restructuring plan. The german carmaker battles against climbing costs and weaker tee manned in china. And swedens Central Bank Lowers rates by 25 basis points, flagging two more cuts are on the cards in the second half of this year. Good morning once again. Welcome to street signs. As we mentioned, its a big day in europe. Weve got some outside moves across the board taking a look at Siemens Energy, shares up almost 10 after strong earnings and alston and german sportswear giant puma all on the upside here you see this leadingthe food and beverage sector, shares up 4. 5 we do have a downside. Bmw and skanska down just over 2. 5 bmw down pretty much 4 right now. Were going to bring you all the details throughout the show, but first lets focus on Siemens Energy its raised its full year outlook on the back of a Strong Demand for power grid equipment in the second quarter, the firm now expecting revenues to rise between 1
We get the unofficial kickoff to earnings season. Its thursday, june 27th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day ahead. We kickoff the hour with a check of the futures. Look at futures. In the red across the board. All three indices down. The dow would open up 30 points lower. Today, the issue is big tech with the nasdaq off the second straight day of gains and another historic market cap milestone. This time around is amazon. Becoming the fifth u. S. Company to ever hit a 2 trillion market cap. Much more on amazon later on in the hour. Shares in the premarket, down slightly. We have the First Quarter gdp read today. The benchmark is ticking up 4. 33. We wait for the economic report and, of course, pce coming up tomorrow. That is the money set up. Lets see how europe is shaping up its trading day with Arabile Gumede in the london newsroom. Arabile, w
Thursday morning. Today toal bank meets discuss policy. Expectations are that it will update the forecast for inflation, and giveve investors clues as to whether it will change easing program. Investors will be listening closely to any comments from mario about the slowdown in china. Hans nichols joins us now from berlin. The morning to you. What are we listening for . Hans if mario starts off his press conference in mandarin, you know it is a bad sign. But what were really looking for are two things. What do they do . Expectations, if they do change, what sort of pants will there be for what they may do . They could maybe talk about hinting clues, extending it beyond september 2016. When you look at expectations, the big question is how are they going to factor in the lower price of oil. When we saw they did in june, when they had expectations for 0. 3 . Look at a price in june, the price of oil they were thinking of about 63 a barrel. They hit all the way down to 43 a barrel last mon