i'm joumanna bercetche along with julianna tatelbaum.ond largest economy sees factory prices rise 9% ahead of expectations. >> delivery hero with the i investment of the delivery firm. >>> and more time to work on the mo morrisons offer further adding the bidding war. >>> and renault and geely looking to prop up sales in the world's largest auto market. >>> we're about an hour into the trading session. we're in for a mixed start this morning. we have green on the board the swiss index up .50%. in italy, ftse mib up a percent. and muted for german, british and spanish markets. earnings season winding down a thin week for data after non-farm payrolls came out in the u.s. stronger than expected. u.s. inflation reports and consumer prices and producer prices coming through this week. investors looking for clues that may give us insight into the trajectory of the federal reserve. >>> turning to foreign explaining currencies the stronger dollar has been the key story to watch as joumanna pointed out, the stronger dollar is having an impact on

i'm julianna tatelbaum and these are your headlines hurricane ida wrecks havoc in the gulf of mexico as it is downgraded to the category one storm and driving storm surge and high winds and flooding knocking out power to over 1 million people. >>> european markets move modestly higher and thin holiday trade as investors digest jay powell's assurances that rate hikes are a long way off. >>> and spd over conservatives and schultz winning the debate as the president tells cnbc the race is wide open. >> translator: after all these years, we need a reset button that we need to press now. >>> and a u.s. drone strike kills two high profile isis members accused of the kabul bombings as the area comes under rocket attacks this morning ahead of the withdrawal deadline tomorrow >> our commitment to continue to help people leave afghanistan who want to leave and not out by september 1st, that endures. there is no deadline on that effort >>> very good morning. welcome to "street signs." hurricane ida forced energy companies to temporarily shutdown all oil and gas in the gulf of mexico shell and m

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let's get reaction in europe with julianna tatelbaum. anna, we have seen an update from italy requiring travelers to be vaccinated and present a negative covid test upon arrival. >> good morning, seema that is right. what we have here from the eu is looking to reinstate travel restrictions on u.s. travelers with america's infection rate above the safe level they created a safe level at 75 individuals per 100,000 inn has been toninhabitants. this is just guidance. it is up to every member state to make decisions around their own rules. we expect to see more countries bring in testing rules in addition to vaccination requirements we have seen a reaction in airline stocks today yesterday, the uk bank holiday when it would happen today, stocks are catching up and reacting iag and british air way is 3% lower. they have a huge trans atlantic business the uk is separate from the eu this will affect them moving forward. easyjet down 1.7%. wizz air is down 2.9%. we have seen in the uk and europe over the last several months and summer season is th

. >>> let's go worldwide julianna tatelbaum in the london newsroom with the early action in europe. , julianna >> dom, the early action in europe has been choppy right now, the stoxx 600 is hovering around the flat line. we were trading lower at the start of the session positive momentum building the stoxx 600 down just about 0.06%. to put this in context yesterday, the stoxx 600 lost groundbreaking a ten-day win streak it has been a strong move for the stoxx 600. turning to the regional breakdown. this is the split. we have red for the majority of markets. the cac 40 in france down .40% ftse in italy and spanish market down dax down 0.2%. we have green on the board swiss market up 15 basis points. ftse 100 in uk up 0.1% the stock leading the charge is bhp. let's take you to that stock we were higher earlier in the session. bhp merging with woodside in the all-stock deal it reported the best annual profit in almost a decade. that news is providing a strong boost to bhp and providing a boost to ftse 100. dom, back to you >> thank you, julianna tatelbaum. >>> let's get more with frank

. >>> first, let's get to the latest in europe julianna tatelbaum has the latest good morning, juliannaas you can see, we have the ftse 100 down about ten basis points otherwise, modest gains. we have come off a strong run. the stoxx 600 rallied .40% making it eight straight positive sessions in a row european markets have been performing well. turning to the sectors this is what it looks like split expect on the up side, insurance up 1%. a number of names reported this morning and providing solid updates to the market. on the down side, basic resources. down 1.2%. that is providing the drag on the sector i want to highlight single movers aviva in the insurance base up 3% an nnouncing it will return 4 billion pounds to investors amid pressure from sevian capital and cineworld reporting losses for the first half an improvement from the $1 billion lost year before the company is considering a u.s. listing to raise money to plug the gap and in food delivery delivery hero upgraded after the record 730 million orders in the second quarter the group says it will remain a loss as it focuses on

let's go worldwide with julianna tatelbaum in the london newsroom with the european trade. orning, julianna >> reporter: dom, good morning opened lower following the weekend from asia. the ftse 100 with losses down 1% the losses are fairly evenly spread that data out from china overnight, dom, that you mentioned is weighing on sentiment. it missed expectation with growth slowing across retail and industrial and fixed asset at the same time, investors are jittery of the risk with the situation in afghanistan also the concerns of the spread of the delta variant putting it in context. stoxx 600 has rallied for ten sessions in a row. the longest run of consecutive gains of index since 2006. a strong run we are in retreat this morning h here is how we are looking this morning. red for nearly every sector. real estate trading .20% higher. on the down side, resources with losses of 2% tied to the china story. no doubt that weaker than expected china data weighing on sentiment. oil and gas is the under performer. 1.6% down alongside travel dom, back to you. >> julianna tatelbaum in

i'm julianna tatelbaum with joumanna bercetche these are your headlines coming off a ten-day win streak after a raft of key chinese data misses expectations showing a slowdown in the world's second largest economy. >>> and u.s. yields retreat after the fresh read of consumer confidence at the lowest levels in decades. >>> the afghan president fleeing the compuntry and the u.s. standing by the decision >> the idea we sign up remaining for another 5 or 10 or 20 years was not in the national interest. >>> and faurecia shares surge after the french group agrees to buy the group hella in a deal worth 7.4 billion euro saying it will better position the company in the evolving market >>> good morning welcome to "street signs." what a weekend a huge amount of news coming through. no doubt occupying investors on this monday morning. here is the trade. stoxx 600 opened 6.7% lower rising geopolitical risk from the middle east region and weaker than expected china data overnight and concerns spreading around the spread of the delta variant. plenty of factors weighing on sentiment. let's put this in

. ♪♪ ♪ >>> good morning and welcome to "street signs" i'm joumanna bercetche with julianna tatelbaumhese are your headlines. european stocks rally alongside asia's rebound from last week's lows, but service and manufacturing activity in europe slows amid supply chain constraints and new covid protocols. >>> rallies to the top of the stock 600 as private equity buyers reportedly start to circle the uk supermarket chain. >>> germany's cdu and are level in the polls with just five weeks to go until the general election as support for chancellor angle merkel's party wanes in the largest drop since 2017. >> translator: remaining 35 days, every hour to ensure the csu is strong every hour to ensure we shape germany well and lead it into a good future and that we do so, of course, with our future chancellor >>> nato secretary general tells cnbc the organization is working around the clock to get as many people out of the afghanistan as possible blaming the failure of afghan leadership for the taliban takeover >> the speed of the collapse of the afghan government and security forces, but we a

the screen france down 3% let's get the live trade and numbers and why we're seeing read with julianna tatelbaumianna, that screen behind you says it all. >> certainly does, brian you talk about nearly everything getting sold that is what it feels like in europe a patch of green a handful of stocks trading higher it is a sea of red i want to put this in context. you saw a steep selloff in the u.s. yesterday european markets in contrast closed higher yesterday. closing up shop before the fmoc meeting minutes came through stoxx 600 down 2%. no doubt about it, we are seeing hefty selling. it is a little bit of a catch up trade after resilient performance from europe this week this is what we are seeing every sector is trading lower. the most resilient is utilities. even that defensive sector down. we have cyclical sectors with the brunt of selling basic resources down nearly5%. retail down 3.6% household goods and autos. auto sectors down 2.7% we got interesting news from toyota and volkswagen. toyota announcing it will have to cut production by 40% in september due to combination of the chip short

what is happening around the world trading in europe is under way let's get to the trade with julianna tatelbaumlondon good morning, julianna >> good morning, brian here in europe, we are off to a fairly muted start generally european equity markets are trading higher we have come off the highs of the morning. as you see here, green for the majority uk being the exception ftse 100 trading down 0.1% nothing major. sugg august is a slow month for traders on holiday worth noting we did see out performance relative to the u.s. yesterday. the stoxx 600 at 0.156% higher than yesterday the majority of sectors trading higher bouncing back after under performance. on the down side, banks and autos and retail trading below the flat line. a few key corporate stories this morning. let's turn attention to it now softbank with a 39% fall in first quarter net profit the group's tech investment vision fund with a profit over $2 billion on china, the softbank ceo wants to wait and see the regulatory action will have on the stock market once that becomes clear, they will resume active investment in the country. m

like us, there are concerns of global growth front and center let's get the latest and join julianna tatelbaum in our london newsroom with the moves and some of the early headlines julianna, good morning >> brian, good morning interestingly, that pull back in oil is not having much of a negative effect on european sentiment if equity markets. we are off to a mixed start. a bit of green on the italian and swiss and french markets little bit of red coming through. european investors seem to be pausing for breath after the strong rally last week stoxx 600 out performed u.s. last week. rising 8.1%. cyclical stocks performed well last week. this morning, a pause after that run. we have a few key stocks in focus this morning from the corporate perspective. let's run through deliveroo shares up 10%. trading at the top of the stoxx 600 after the german rival delivery hero trading down 1.2%, has taken a 5.09% stake in the company. morrisons in focus after regulators extended the deadline for the suitor cd&r to advance the bid. and philip morris offer for vectura. this morning, the uk takeover panel ann

. ♪♪ ♪ >>> good morning and welcome to "street signs" i'm joumanna bercetche with julianna tatelbaumrt to circle the uk supermarket