The week. Lets check in on the markets. The nasdaq closed at a record high yesterday. Only a tiny bit. Correct, but still. Lagged the dow for once. The resilience of this market is remarkable. S p futures down almost 5. Nasdaq futures down 17. The stock of the morning and weight on the market is apple. Shares slipping after iphone sales declined in the most recent quarter, falling short of wall street expectations. The Company Giving weaker Current Quarter revenue guidance. Lots more on results in just a moment. Did you see china growth as well that slipped. Asian equities, japan, south korea and hong kong closed for public holidays. Golden week holiday, right . Extended golden week. There we go. Either way, what is open, you can see down is australia. The ftse Straits Times in indonesia is up three quarters of a percent. A look at european trade which is negative today. Weve been up quite nicely over the last ten days. We also had eurozone march Producer Price inflation down about 0.
European particular kmarket as the last of the losses from a fake statement release. And the uk chancellor has not delivered his autumn statement, but already the shares in state agencies are plunging over fears that he will announce a clamp down on letting charges. Good morning. Want to bring you eurozone november pmi numbers. By in large they beat expectations. European Business Growth at the fastest rate this year in november. Looking at a composite pmi print of 51. 4. Manufacturers leading the strong performance. If we look at some of the regional numbers, germany an france seeing quite a nice pick up in the Services Side of the economy, that bodes well for the Fourth Quarter gdp numbers. For germany seen at half of 1 . The german manufacturing component was softer than expected. Euro dollar 1. 0612. Not a huge reaction, but bunts are rallying regardless of the data. Quite a reversal. At the same time keeping in mind we have so much data state side today as well. Some of the big ke
Live from bloombergs european headquarter. I am francine lacqua. A conservative Party Leader Theresa may repairs for government. To name her brexit we speak to black rocks Rupert Harrison pit we have some breaking news. Lets get straight to markets and see what oil is doing as the ia putting up reports saying there is records of oil supplies while the u. S. Output slumps. We had some rejection raise for how much demand for oil will factor in for the second half of the year. This is brent, 47. 74. This is just the latest from the oil markets. Overall, i wanted to talk to you about stocks and pound. The pound set for the longest rally in two months as theresa may takes office. We are seeing something strange. The european stoxx 600 seen a little bit of volatility. The stock has lost the momentum that it had in asia. Lets get to the bloomberg first word news with nejra cehic. Their mark carney begin twoweek pilot there today policy meet later. And are expected to cut that is the First Tim
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