We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines
The greece story would play out. We did see a significant head line in the index in the month of june coming in at 1. 074. Coming in at 1. 08 against expectation. Were looking at highs of 1. 11 against the u. S. Dollar. Lets get reaction from bill oneal from ubs Wealth Management. From the headline number bill this number looks pretty good . Yeah i think its provide something reassurance that a multidollar recovery is still under way in europe. I think the weakness of the euro posed the greek settlement that played a role here. Clearly that to be reflected in green coming through the market for the midyear as well. But i think its important that the market was to have some nasty surprises after some pmi number, purchase managing numbers, of course that did disappoint. We should point out that the ifo has said their june expectations has been revised up to 0. 121. Its also a twoweek i after the ifo. I guess the question is what does it mean for the exporters out there who have been bene
Safety and innovation to recalls. And ubs trades lower despite the market. This is after it is investigating a newspaper report that prompted it to release earnings early. Welcome, everyone, to the show. This is the second hour of wx wgs. Worldwide exchange. A quick look at u. S. Futures. We have a busy week. Not just meetings or you a fed policy week. Durable goods. But social media, on whether Companies Like facebook and twitter can continue to deliver growth. The dow up 70 points. Nasdaq up 1. S p up 7. Very interesting to see a positive open on wall street despite the volatility that we saw overseas in asia. Shanghai composite down. And in the meantime take a look at european equities. They seem to be following suit from overnight. The xetra dax down 91 points. A lot has to do with better than expected ifo data out of germany. 108 is the number for month of july, versus 107. 5. Perhaps the reason were looking at the German Market down at this moment. A quick look at bonds. If youre
The firm, however, sticking to target. Luxury stocks are one of the bright spots as they reap a week of euros after Solid Earnings. All right. And to our top story. Another volatile earning. Its largest liquidity injection since the month of july. Meanwhile China Securities regulator is looking at what it calls, quote, share dumping, its biggest oneday drop since 2007. Lets check in on markets. Live in singapore. The dust seems to be collapsing on the collapse in the chinese equities markets after the rough morn sessions. We were down by 3 earlier today. Almost one and a half thousand. A daily downward limb it. So there will be a composure returning to the market if you can call a 1. 1 settlement composure. Remember where we were this time at close yesterday. Off by 8. 5 . So the governments pledging and affirming its commitment once again to buy stocks. The pboc pumping liquidity into the markets as well. Thats helping to settle dust to a further degree. I wouldnt write off any volati
The companys outlook misses analysts views. Shares of the chinese internet nosediving after hours. Twitter, the temporary Ceo Jack Dorsey under pressure as user growth could fall short again. It was an ugly day on wall street yesterday with the dow, s p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. Keep in mind of the companies who have reported earnings, 76 have reported its above the mean estimate. Taking a look at futures, were in for a potential rebound. The dow up about 17 points in premarket trade. If you take a look at the u. S. Close, yes, i as i just told you stocks ending lower on monday. The dow jones at 17,440. The s p 500 dipping below its twoday moving average. Not a great sign for technicals about 0. 6 and the dmakz which has been powered by four main stocks, some of those momentum and high Growth Stocks coming off their high os testify day including social media and twitter, losing 2. 3 . We saw the nasdaq moving lower by around 1 . Ale though s