Return to Transcripts main page

CNN Live At Daybreak

International Market Update: European Stocks

Aired October 06, 2003 - 05:17   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


HEIDI COLLINS, CNN ANCHOR: And time now to check the overseas markets and see what may be in store for Wall Street today. For that we turn to our Becky Anderson who is checking the financial numbers for us in London.
Good morning -- Becky.

BECKY ANDERSON, CNN FINANCIAL NEWS CORRESPONDENT: Heidi, thank you very much indeed and a very good morning to you. We're midway through the morning session, of course, in Europe and things looking very mixed out here, primarily because we're looking at fairly mixed markets on the open on Wall Street. The futures markets little changed at present. The S&P up about 3 percent last week, the Dow Jones closing up about 2.5 percent.

A fairly good feeling out there so far as investors are concerned, optimism on the back of the jobs report, of course, on Friday. Some sense that things may have hit the bottom, but investors still suggesting that they are not convinced that stock markets are at their bottom and therefore, not particularly inclined to keep buying even when these markets are going higher. As I say, 3 percent up for the S&P, 2.5 percent up for the Dow on the week.

We're looking at a very mixed open. The first day in fall that European stocks have actually fallen today. Oil prices are 1 percent higher. That's on speculation that Nigeria may cut some of its production and of course, the Israeli strikes on Syria at the weekend. Oil stocks are higher. Watch those, as I said, the oil price is higher, over 30 bucks on the barrel. That will be what the markets are watching today. Aside from that, very, very quiet here in Europe.

Back to you guys.

COLLINS: All right, very good. Thanks so much, Becky.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com







Aired October 6, 2003 - 05:17   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
HEIDI COLLINS, CNN ANCHOR: And time now to check the overseas markets and see what may be in store for Wall Street today. For that we turn to our Becky Anderson who is checking the financial numbers for us in London.
Good morning -- Becky.

BECKY ANDERSON, CNN FINANCIAL NEWS CORRESPONDENT: Heidi, thank you very much indeed and a very good morning to you. We're midway through the morning session, of course, in Europe and things looking very mixed out here, primarily because we're looking at fairly mixed markets on the open on Wall Street. The futures markets little changed at present. The S&P up about 3 percent last week, the Dow Jones closing up about 2.5 percent.

A fairly good feeling out there so far as investors are concerned, optimism on the back of the jobs report, of course, on Friday. Some sense that things may have hit the bottom, but investors still suggesting that they are not convinced that stock markets are at their bottom and therefore, not particularly inclined to keep buying even when these markets are going higher. As I say, 3 percent up for the S&P, 2.5 percent up for the Dow on the week.

We're looking at a very mixed open. The first day in fall that European stocks have actually fallen today. Oil prices are 1 percent higher. That's on speculation that Nigeria may cut some of its production and of course, the Israeli strikes on Syria at the weekend. Oil stocks are higher. Watch those, as I said, the oil price is higher, over 30 bucks on the barrel. That will be what the markets are watching today. Aside from that, very, very quiet here in Europe.

Back to you guys.

COLLINS: All right, very good. Thanks so much, Becky.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com