World Markets Live - September 15 - CNBC Live Events
×

CNBC Live Events

World Markets Live - September 15

We’ll be updating you throughout the day with essential breaking news, data alerts, earnings reports and all the major market movements.

  • North Korea has fired a missile that flew over Japan, the latest move that's increasing tensions after Pyongyang's most recent nuclear test. Japanese officials say the missile landed in the Pacific, about 2000 kilometres east of Hokkaido. Prime minister Shinzo Abe has called on the United Nations to act. South Korea responded to the test by conducting a live fire drill that included a missile launch. 
     
     
    Investors initially fled to safe havens on the news, with the yen, Swiss franc and gold making gains as the news came out.
  • These are the top stories this morning:
     
    Sirens in Japan as another North Korean missile flies over the country. Japanese Prime Minister Shinzo Abe calls the test 'absolutely unacceptable'.
     
    Safe haven assets briefly catch a bid, while the Asian stock market reaction remains muted as the details unfold.
     
    The Chairman of Barclays tells CNBC that restructuring the bank is the hardest job in the world, and says Brexit contingency plans are well underway.
     
    Global CFOs tell CNBC that President Trump is likely to end 2017 without having signed any of his major campaign pledges into law.
  • Deal or no deal? President Trump delivered mixed messages over whether he reached an agreement with Democrats on DACA, which deals with illegal immigrants brought to the U.S. as children. NBC's Hallie Jackson reports from Washington.

  • After the latest North Korean missile launch, U.S. Secretary of State Rex Tillerson says China and Russia "must indicate their intolerance for these reckless missile launches by taking direct actions of their own".
     
    He added that North Kore's provocations only deepen its diplomatic and economic isolation.
     

    Secretary of State Rex Tillerson calls on 'all nations to take new measures' against North Korea

    Secretary of State Rex Tillerson called on "all nations to take new measures" against North Korea.
     
  • North Korea has fired a missile that flew over Japan, the latest move that's increasing tensions after Pyongyang's most recent nuclear test. NBC's Ron Allen has the latest from Seoul.

  • President Trump is likely to end 2017 without having implemented any of his major campaign pledges. That's according to the business leaders surveyed as part of CNBC's CFO Council.
     
    The chief financial officers of some of the world's largest firms are increasingly pessimistic about the likelihood of the American president taking swift action on legislative issues such as corporate tax rates and Obamacare.
     
     
    CFOs may be increasingly sceptical about Donald Trump's ability to execute his reform agenda but they remain relatively upbeat on the U.S. economy.
     
    The chief financial officers surveyed believe the outlook in America and the Eurozone is improving, while they rate the economic situation in the UK, Japan and China as stable
  • 'Angry Birds' developer Rovio has priced its IPO at 10.25 to 11.25 euros per share. The game developer's market cap is seen in the range of 802 million to 896 million euros.
     
    The company aims to raise 30 million euros through the listing. Rovio will start on the Helsinki pre-list Nasdaq exchange on September 29 before graduating to the Helsinki official list Nasdaq exchange on October 3.
  • Here's a round-up of the latest company news:
     
    Google has been hit by a lawsuit accusing the tech giant of discrimination against women in pay and promotions. Three former employees of Alphabet filed the class action lawsuit in a state court in San Francisco, the first of its kind against the company. Google
    is already under investigation by the US Department of Labor, which is looking into sex bias in its pay practices. Several technology firms in Silicon Valley have recently come under fire for alleged discrimination.
     
    Shares of Oracle slumped in after hours trade after the business software maker forecast slower growth for its cloud business. The Silicon Valley-based firm said total cloud revenue would rise 39 to 43 percent next quarter, down from 51 percent in the current quarter. On an adjusted basis, Oracle earned 62 cents per share in Q1, topping estimates. 
     
    Swiss packaged foods giant Nestle has bought a majority stake in California-based Blue Bottle Coffee. The deal gives the maker of Nescafe a 68 percent controlling stake of the speciality coffee maker. Nestle did not disclose terms, but media reports estimate the price tag is somewhere between $425 and $500 million. The acquisition is one of several recent purchases marking Nestle's foray into specialty foods and drinks, as it seeks to appeal to consumers turning away from more mass market brands. 
  • These are the top headlines for the hour:
     
    Sirens in Japan as another North Korean missile flies over the country. Japanese Prime Minister Shinzo Abe calls the test 'absolutely unacceptable'.
     
    Yes, no, maybe. Mixed messages from President Trump and Democrats on whether they've got an immigration deal. Trump says he might agree to help DACA immigrants, if there's also heavy border security in the package.
     
    Coffee spree. Nestle buys a controlling stake in California-based Blue Bottle Coffee, as the Swiss food giant makes a move into the high-end market.
     
    The Chairman of Barclays tells CNBC that restructuring the bank is the hardest job in the world, and says Brexit contingency plans are well underway.
  • The FTSE and CAC are called to open lower today as North Korea's missile launch weighs on the markets.
     
     
  • The bosses of the world's top car makers have this week warned that the race to electrify their fleets will put pressure on their business models. But that is not stopping one of the sector's biggest names.
     
    Carlos Ghosn has laid out to CNBC his vision for the next six years of the companies that he oversees - the alliance of Renault-Nissan and Mitsubishi Motors. His targets are ambitious. 
     
    We’re talking about more than doubling the synergies which in 2016 reach 5 billion euro between Renault and Nissan doubling them to more than 10 billion euro by the end of the plan. But this time with three companies between Renault-Nissan and Mitsubishi.
     
    And our forecast is that by the end of the plan, the three companies which sold about 10 million cars in 2016, our forecast for this year is more than ten point five million cars. We’ll be reaching by the end of the plan 14 million cars.
     
    He also shared his thoughts on all things electric and they are bullish.
     
    First technology is developing becoming more efficient and less costly. For example, today one of the limitation to the development the electric cars is anxiety about range, and we have announced that during this plan and before the end of the plan the range will be increased to six hundred kilometres. So there is a significant increase in the range of a car.
     
    Second the cost of the car is going to go down. For example the batteries, we announced that the battery cost will go down by more than 30 percent during the midterm plan.
     
     
  • Beware relative valuations, when trying to determine whether stocks are overpriced. That's the warning from Peter Toogood from The Adviser Centre.
     
    He says it is very difficult to pick stocks right now.
     
    The stock universe is narrowing. Those that might be compelling and a business case five years out are expensive. The likes of Unilever are egregiously expensive, the bond proxies as they’re now called.
     
    If you’re a bond manager, you’re wondering how high yield is 2.5 percent, because that is after all what European high yield is throwing off. 2.5 percent!
     
    Toogood says the result of all this is that asset prices aren’t going to make investors much money in the future.
     
    Your yield is X on bonds, that is it. You can’t make a gain from here on most of the bonds.
     
     
     
  • Swiss packaged foods giant Nestle has bought a majority stake in California-based Blue Bottle Coffee. The deal gives the maker of Nescafe a 68 percent controlling stake of the specialty coffee maker.
     
    Nestle did not disclose terms, but media reports estimate the pricetag is somewhere between $425 and $500 million. The acquisition is one of several recent purchases marking Nestle's foray into specialty foods and drinks, as it seeks to appeal to consumers turning away from more mass market brands. 
     
     
  • Sterling is extending gains to hit a one-year high of $1.3437, up 0.3 percent on the day.
     
    It is following on from yesterday's gains after the Bank of England said it was likely to raise interest rates for the first time in a decade in coming months.
     
     
  • A knife-wielding man was arrested after attacking a solider in Paris, according to French police.
     
    Nobody was injured in the attack, Dow Jones reports.
  • Europe's markets open to the downside on Friday. This follows the launch of a missile by North Korea.
     
     
  • Here's how the market sectors are performing at the start of the session.
     
    Banks, tech and travel & leisure are the worst performers. Some sectors are broadly flat, while only retail and autos are making a meaningful gain.
     
     
     
  • Most of the individual European bourses are trading lower this morning. The FTSE is under pressure as the pound accumulates to a one year high against the dollar.
     
     
     
  • Martin Gilbert, CEO of Standard Life Aberdeen, says investors should ignore North Korea and to keep investing as normal.
     
    I think if it gets more serious, you obviously have to take it and look at (your portfolio), but as I say at the moment I wouldn’t do anything at this precise moment in time.
     
     
  • The European Union's Commissioner for Economic and Financial affairs Pierre Moscovici says anyone who wants to join the euro zone must be welcomed if they meet the criteria. That's according to Reuters.
     
    Moscovici says the digital economy should be taxed like the rest of the economy.
     
    He adds that the European Commission will deliver paper in September on option for taxation of the digital economy.
  • Shares in U.K. pub chain Wetherspoon are up almost 10 percent after the company reports a 28 percent jump in profits.
     
    The company reported full year results this morning, including revenue of £1.66 billion versus £1.595 billion a year ago.
     
     
  • These are the top headlines after 30 minutes of European trade:
     
    Sirens in Japan as another North Korean missile flies over the country. Japanese Prime Minister Shinzo Abe calls the test 'absolutely unacceptable'.
     
    Stock markets in Asia and Europe seem unfazed by the move, while safe haven assets only briefly catch a bid.
     
    Coffee spree. Nestle buys a controlling stake in California-based Blue Bottle Coffee, as the Swiss food giant makes a move into the high-end market.
     
    Renault-Nissan targets annual sales of 14 million vehicles by 2022 as the automaker lays out its bullish 6-year strategy. And CEO Carlos Ghosn tells CNBC he is confident in the French government's plans to sell down its stake.
  • In a press conference, China's Foreign Ministry said it did not hold the key to the Korean peninsula issue, adding that it had paid "enormous sacrifices" to implement UN Security Council Resolutions. 
     
    The ministry calls for restraint regarding the issue, but added that it opposes North Korea's use of ballistic missile in violation of the resolutions.
  • British foreign minister Boris Johnson says the U.K. and international community will stand together after "another illegal missile launch by North Korea," according to Reuters.
     
     
  • Returns from small and mid-caps will dwarf the returns of cash, bonds, real estate and large-caps for decades to come. 
     
    That's the view of Eduardo Lecubarri, global head of small/mid-cap equity strategy at JPMorgan, who points to Japanese small and mid caps' performance over the past 20 years in supporting his argument that they mark the last equity frontier globally.
     
    Big money making opportunities come when you dare to challenge the common beliefs and I think that’s what we tried to do with this report.
     
    We started with a clean sheet of paper, do away with all the assumptions people have on this asset class and really take a look at what the facts are and what they tell you about the role that the small and mid caps are going to play in this day and age.
     
    He says this is a “superior asset class” in terms of returns.
     
     
  • U.K. police says they are aware of an incident at Parsons Green underground station and London ambulance services says it is on the scene.
     
    The police say they have no comments on reports that the incident may have been an explosion.
     
    Social media shows emergency services are on the scene.
     
  • Asset manager Investec says it continues to see financial uncertainty affecting its key geographies, but says half year revenue and operating profit is expected to be ahead of the prior period.
     
    Investec says the U.K. economy has been growing at a slower pace. 
  • For those commuting in London this morning, there is no service between Earls Court and Wimbledon on the London Underground District Line, according to Transport for London.
  • These are the main headlines for the hour:
     
    Sirens in Japan as another North Korean missile flies over the country. Japanese Prime Minister Shinzo Abe calls the test 'absolutely unacceptable'.
     
    Stock markets in Asia and Europe seem unfazed by the move, while safe haven assets only briefly catch a bid.
     
    London police and ambulance services are at the scene of an incident at Parsons Green tube station, amid unconfirmed reports of an explosion on a train. 
     
    Renault-Nissan targets annual sales of 14 million vehicles by 2022 as the automaker lays out its bullish 6-year strategy. And CEO Carlos Ghosn tells CNBC he is confident in the French government's plans to sell down its stake.
  • Reports of an explosion on the underground tube train in London remain unconfirmed, but BBC News has posted a picture of what may have been the cause.
  • Shares in the pub chain Wetherspoons have hit a record high after it reported a 28 percent jump in annual profit.
     
    The company attributed its strong performance to a pickup in demand over the summer months. However, the London-listed firm cautioned that the uptick is likely to be a short-term phenomenon rather than a long-term trend.  
     
     
  • British police have declared the incident at London's Parsons Green underground station a terrorist incident following various reports of an explosion and fire on a train. A number of people have suffered injuries.
     
    23 people have sought hospital treatment.
     
    London Ambulance Service has taken 19 to hospital and National Health England says 4 others were self-presented
     
    Pictures have emerged of the possible cause of the reported explosion on a tube train in London
     
    Twitter user @RRigs posted the picture to social media of what he believe was the source of the incident.
    The U.K. has been the target of three previous deadly terror attacks this year. A total of 33 people have since been killed in vehicle-and-knife rampages on London Bridge and nearby Borough Market as well as Westminster Bridge.
     
    A suicide bomber also targeted an Ariana Grande concert in Manchester.
  • Click the link below to read what we know so far about the reported explosion on the London tube train. It will update as we learn more about this developing story.
     
    British armed police are now on the scene, according to Reuters.
  • Here's a round up of what the authorities have said publicly so far.
     
    From the British Transport Police:
     
    We're aware of an incident at Parsons Green station. Officers are at the scene. The station is closed. More information as we get it.
     
    Here's what the Metropolitan police said on Twitter.
  • Six fire engines.
    Two fire rescue units.
    Around 50 firefighters.
     
    These are the resources which have been deployed to Parsons Green by the London Fire Brigade, according to reports.
  • Today marks the final opportunity for companies to submit binding offers for parts of insolvent airline Air Berlin.  The German carrier has pushed back its deadline for deciding who will buy its assets until the 25th of September.
     
    Former motor racing champion Niki Lauda is mulling a bid in conjunction with Thomas Cook subsidiary Condor. Other airlines expected to stake their claim include Lufthansa and EasyJet.    
     
     
  • In Germany, support for the Social Democrats has hit its lowest level in a decade. This, according to the latest Infratest poll. 

    10 days before the elections, support for Angela Merkel's CDU party remains at 37 percent, with her main rival at 20 percent.
  • British police are investigating an incident at Parsons Green underground station.
     
    This following various unconfirmed reports of an explosion on a train. London Ambulance is also at the scene. We will keep you updated throughout the day of any developments. 
  • A German government spokesman says it condemns the latest North Korea missile test in the strongest terms.
  • Uber U.K. says it has turned off dynamic pricing and will refund all journeys from the Parsons Green area where an incident has taken place, amid reports of an explosion on the London underground train.
     
    This after Uber was criticised for charging higher prices during previous major incidents in the capital.
  • The Bank of England's Gertjan Vlieghe says the right time for a rate hike "might be as early as in the coming months."
     
    He says wage growth and consumer spending are stronger than expected. Stronger global economy also points to the need for a rate hike, according to reports.
     
    The pound has jumped on his comments.
     
     
  • Reuters has spoken to an eye witness of the incident on London underground today.
  • British counter-terrorism officers are now on the scene in Parsons Green where an incident took place on the London underground train.
     
    That's according to Sky News.
     
    The investigation is currently being handled by British Transport Police.
  • Volkswagen reports group deliveries in August rose 8 percent to 820,000 vehicles.

    Deliveries in Europe rose 2.5 percent, in the U.S. by 4.6 percent, and China by 9.2 percent.
     
    For the period January to August, delivered grew 2 percent to 6.8 million vehicles.
     
    The automaker says there is "lively interest" in the scrappage premium in Germany.
Powered by ScribbleLive Content Marketing Software Platform