Cruz and Clinton victory in Iowa, BP profits plunge and euro area unemployment falls. Here are some of the things that people talk in the markets today.
1. Iowa
Hillary Clinton emerged victorious in the closest ever Democratic caucus Iowa, with its 49.9 per cent to Bernie Sander 49, 5 sufficient to ensure victory even with a left speaker to signal percent. On the Republican side, there were two surprises: the US Senator Ted Cruz won before Donald Trump and that Florida Senator Marco Rubio has finished a strong third, winning 23 percent of the vote to 24 percent of Trump. Another loser in the night were the pollsters who had always predicted a victory for Trump.
2. BP profits collapse
BP Plc recorded a decrease of 91 percent in earnings in the fourth quarter, reporting adjusted earnings of $ 196 million, well -Dessous the average estimate of $ 814.7 million 10 analysts surveyed by Bloomberg. 2015 net loss of the company is the worst ever. The shares were down 7.8 percent at 10:55 am in London. Exxon Mobil Corp. is due to report earnings before the bell today.
3. Oil falls a second day
February is a bad start for oil investors who had found some relief in the last days of winter, with futures decreasing as much as 2.6 percent in New York after falling 6 percent Monday, erasing the gain last week. To add to the producers misfortunes, yesterday Standard & Poor's cut the rating of Royal Dutch Shell Plc to the lowest since the start of the coverage in 190 and assigned a negative outlook to BP Plc, Eni SpA, Repsol SA, Statoil ASA and Total SA . Meanwhile, worries that low oil prices are bad for the world economy are on the rise.
4. Euro area unemployment down
Unemployment in the euro zone fell to a five-year low of 10 4 percent in December, down from 10.5 percent the previous month. In Germany, unemployment fell to a record 6.2 percent in January that the figures on labor declined by a seasonally adjusted 20,000. In Italy, unemployment was unchanged at 11.4 percent in December, prompting growing concerns.
5. Coming ...
US data on auto sales for January are due today, with analysts expecting total sales of vehicles to hit 17.3 million, up slightly compared to the figure for December, but below the level of 18 million supported over the previous three months. Investors will also be watching Alphabet Inc., parent company Google, because it is on track to overtake Apple Inc. as the most valuable company in the world in trade after reporting earnings that exceeded estimates after the bell yesterday.
Bloomberg
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