The travel Company Folds under the weight of its debt, leaving tens of thousands of tourists stranded. Brexit goes stateside. Boris johnson takes his bid for a deal to the General Assembly in new york. Labor divisions threaten to undermine its Party Conference in brighton. Brent resumes gains on concerns over aramcos output. Irans foreign minister sounds a tough tone after a u. S. Troop deployment to saudi arabia. Im not confident we can avoid a war. We are confident we will not start one, but im confident that whoever starts one will not be the one who finishes it. Halfhour less than a hour to go until the european open. Im taking a look at a monthlong chart of oil. You can see the break away to the upside when those aramco facilities were attacked. We then recovered to some extent, but we are coming back up in terms of the group rice. Those tensions are building backup. Take a look at what we are expecting in terms of the cash equities open. We have the ftse, cac, and dax futures. Fu
Shrugging off the risk. European and u. S. Futures gain despite president Donald Trumps assertion that trade talks with china in september could be called off. The beach. Yields fall in italy following affirmations of the country triple b rating by fitch. The deputy rating man tells that leaving the eu is not part of the plan is he begins campaigning officially. I dont think anyone is scared of democracy. We ask for elections. One should be scared. I dont want elections. We are coming up with strange governments. We just want the people to vote. Net profit aramcos falls by more than 12 in its first ever halfyear report. We will hear from the groups cfo later this morning in an interview you do not want to miss. Look quickly, less than half hour away from the start of cash trading across the continent and in the u. K. It appears to show it is still a risk off trade. Investors are reaching for the safe haven of the japanese currency, now falling down to what all five. 105. You can buy fe
Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t
With robo calls every day, help could be on the way thanks to a new initiative from the fcc. But can scammers fill find a way to get through . First, our top story. Big tech is mounting its defense against u. S. Antitrust scrutiny. Have been spending big on lobbying and continue to staff they are inhouse legal teams with numerous antitrust lawyers who served in the government. In the First Quarter of this year, amazon, google, netflix, and facebook spent a combined billion dollars. David, is there a sense that that these companies saw what was happening in europe and started to prepare years ago . David you definitely get a sense talking to people in washington, lawyers and their policy shops, that Something Like this was almost inevitable. There was sort of a feeling that some of these companies were redesigned to some action in one some actiongned to in one form or another. There was speculation about who was most at risk for investigation. A lot of this comes down to the fact that t
What were abigail, you watching . Have s is a chart we looked at a lot on the s p 500 200 day ion to its moving average, last, the 200 ay moving average, below it, back above it, a big point here, range, ideways volatility noise and nice symmetry here suggesting we may s p 500 make a new move 20, 600. Sarah was talking about the idea hat stocks are overbought, you see the r. S. I. Above 70, technicians dont like it when overbought. Equidistant highs or lower highs, it may suggest that or ntum will continue to fade. Lower highs, it may suggest that momentum will continue to fade. Interesting to see what it brings. When they macys to wall street 0 a. M. Time. They have had a rough start of 90 for , down close to the year. Preannounced the holiday sales last month and needless to say they were week. The market deny like them. The quarter. Joe two big catalysts, the first was the gene editing upabout 25 shares to close out the day. Thats the best performance that its had since its i. P. O.