Let's get to some of the individual Stories though with your stocks to watch Is Bloomberg's Joe Easton and Joe we had Some Nike earnings yesterday looking at The follow through that's right Danny And I'm going to call it Nike like you Do in order to satisfy our American Viewers so Nike shares overnight gaining 13 following earnings which were driven By some strong sales in both North America and Footwear in terms of their Most successful products at the moment They do say that the Christmas period Has started really strong though it Wasn't all positive for Nike they did Announce a three percent decline in China sales though that was slightly Better than some analysts had feared the Company is having to cut a lot of costs Offer some discounts to customers in Order to reduce some of their inventory So they're doing a lot more promotions Than they were previously bear in mind This stock was down 38 year-to-date Heading into the report so you can see Where some of that upside came from in Terms of what we're looking for in Europe we're keeping our eye on on Adidas or Adidas has Run DMC called them Also puma and JD Sports as well the Retailer that has a big partnership with The company we saw some gains in the Likes of Under Armor and Foot Locker in The us yesterday so I would expect that
To feed through into the European names Today Joe you're also watching delivery stocks Quickly deliver me the news there Best rights of FedEx Mark gaining five Percent overnight their earning speed Was really driven by them cutting costs As well in line with what Nike's doing But also they're pushing up their prices That's actually making up for a big drop In sales you remember in September that The company announced a profit warning That really sent ripples throughout the Delivery Market that is actually Deteriorating which could be a negative For companies like Deutsche Post which We have on the screen here and also IDs Which owns Royal Mail there was some Separate news for Royal Mail overnight As well with talks between the CW Union And the company breaking down that Company is set to strike on the key Christmas days of the 23rd and the 24th I just hope it doesn't delay delivery Sales for your cookbook that I hear You're planning it together keep an eye On those shares today they could be a Negative one given the volume concerns On FedEx so you know was going to be a Live show but uh I like this more angles To uh get some profit for our Um finally anglo-american what you're Looking at Joe that's right so we move On to Diamond sale so anglo-americans De
Beers unit today announcing 410 million Dollars worth of diamond sales in their Latest cycle that is slightly lower than The last cycle where they sold around 500 million dollars worth of diamonds They say retailers are being a bit more Prudent as they wait to see how strong The Christmas period is and also wait to See what happens with the China Reopening some iron oil prices also Gaining overnight so that could benefit Some of the miners as well but I've got My eye on diamonds that are heading into The Christmas period
