German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a
President trump travel ban, saying travels must prove bona fide ties to the u. S. 8 00 is a clock a. M. A. M. In the emirates. Shery this is Bloomberg Markets middle east. Day. E seeing a mixed some positive sentiment in japan because of the japanese yen. Everything else is mixed. Are pressing pushing toward the upper limits of the dollaryen. Several markets are reopening today, they have a good of catchup. The philippines, i think it is leading gains right now. The other story, we are not getting except for markets in china. Down one quarter of 1 . In the previous hour, they said when you look at the valuation, still quite cheap in the asian markets. Iron ore top of the list. Up 3. 4 following industrial profits in china continuing to rise. I think it was 6 yeartoyear. Shery you mentioned some markets coming back from holidays, but in the middle east we are still closed because of the holiday marking the end of ramadan, with the exception of israel. Still in themovers markets that are
President trump travel ban, saying travels must prove bona fide ties to the u. S. 8 00 is a clock a. M. A. M. In the emirates. Shery this is Bloomberg Markets middle east. Day. E seeing a mixed some positive sentiment in japan because of the japanese yen. Everything else is mixed. Are pressing pushing toward the upper limits of the dollaryen. Several markets are reopening today, they have a good of catchup. The philippines, i think it is leading gains right now. The other story, we are not getting except for markets in china. Down one quarter of 1 . In the previous hour, they said when you look at the valuation, still quite cheap in the asian markets. Iron ore top of the list. Up 3. 4 following industrial profits in china continuing to rise. I think it was 6 yeartoyear. Shery you mentioned some markets coming back from holidays, but in the middle east we are still closed because of the holiday marking the end of ramadan, with the exception of israel. Still in themovers markets that are
Good monday morning. Jon fortt is back. Sar sarah eisen at the New York Stock Exchange the dow setting up an all time high a seventh straight gain for boeing the other major averages are lower. The market is on base to conclude best month since february financials are the Strongest Group in todays mixed trading youre watching media m a. Well talk to the ceos of the companies later. Boeing is helping out the dow. Were 100 points from 22,000. Best month for stocks dow and s p 500 since february best for nasdaq since january. Other big milestones, crude oil up is 8 that really helped fuel some gains on wall street dollar is set for the worst month since back in january. Losing another 2. 5 . How does it all add up well, earnings are doing better. And thats certainly help stocks commodities are doing better copper made two new two year highs to day and the Federal Reserve is taking its slow and easy the question is do all the factors continue Going Forward, there are wobbles in technology.
Florida. Reporter hi, melissa, for the second day in a row the president underscored his horror of the pictures of the chemical attack in syria. This time the president did it by poking his head in to talk to reporters on air force one and in palm beach, florida t. President signals head horrified by what he had seen. There are some political impacts to that. Heres what he said. What president assad did is terrible. I think what happened in syria is one of the truly egregious crimes that shouldnt have happened and it shouldnt be left. Sometimes a little hard to hear there over the jet noise t. President said what happened shouldnt have happened. It shouldnt be allowed to happen. What he didnt say is what specifically he plans to do about that. Secretary of state Rex Tillerson already in palm beach had something to say today. He hinted at the formation of a broader International Coalition here against the assad regime, heres the secretary of state. Well the process by which assad would