EON Plunges After Utility Scraps Profit Forecasts

EON AG plunged the most in a year after Germany’s largest utility scrapped profit forecasts and said the shift to renewable energy presents “huge challenges.”

Pimco's Sundstrom Sees 2-3 Fed Rate Hikes in 2017
43:33 - Geraldine Sundstrom, managing director and portfolio manager at Pimco Europe, discusses the Federal Reserve's rate path and her investment strategy for the current market environment. She speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
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