There watching day vacation live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just come online, asian equities set for him next open. Amazon and intel jumping read chinas foreign minister is set to meet with President Biden after talks with Antony Blinken in washington and ftx founder Sam Bankmanfried struggles as he testifies at his federal trial. Annabelle im going to wait a few minutes until that becomes online because it seemed like a sentiment shift in the final 10 minutes. The futures contract reopened. It had closed to negative and came online in the last 10 minutes into gains, so the impact of u. S. Earnings from amazon, intel is better than expected. Better numbers, stocks rising, telling us how much of an influence those numbers are having. What else is helping as the pullback in treasury yields and so that is being reflected in the three year and 10 year, the softer dollar the aussie is firmer against the greenback. Asx 200 is
We are up by around 6 10 of 1 on the stoxx 600. The number of down days that it critical technical level. Maybe the right moment has arrived for a pullback. Single stocks continue to dominate. Logitech, mice are having a good time. Logitech has one of its best periods hitting a 52 week high. Up by 10 . Look at whats happening with u. K. Banks sprayed youve got natwest at a 52week low. We will get lloyds tomorrow. Today we get barclays, disappointment on the trading side and the Net Interest Margin as well. Look at that what has look at what that has done to the stock. U. K. Banks a little bit later. Alix this is a positive earnings story. You have Communication Services, real estate, utilities doing well despite the fact the two year yield is up seven basis points. Part of this is a verizon story, the biggest move intraday since 2020. They updates guidance. Two year yield i wanted to bring up instead of the 10 year. We get issuance coming in so stay tuned for that. Dollaryen if you are
And then we have the fullyear forecast of like industrial names you need in your portfolio. And wall street pessimism jamie dimon and others having sharing their view on saudi arabia. And good morning to you, im alix steel along with my cohost guy johnson. It is good data here in the u. S. Guy good data for the u. S. And not for europe. The pmi data, a real gap beginning to emerge in terms of economic performance. It will be fascinating to see how the ecb addresses that. But you have the story when you look at rtx, ge, and 3m today. All the stocks are doing well. It is fascinating. We talk about what is happening with the end industrial economy of the states and is it counting back . Alix above 50 and they are being rewarded for the beat. It is a story that is exacerbated by the positive data. Guy are we talking about this just because tech has not arrived yet . Alix probably. Guy they will be out later. Are the industrials in position where they can take in peoples portfolios . Will w
Move up. It has retreated from that level, 16 basis points. Really big moves in both directions. The u. S. Dollar index also lower, 12. 67, level on the bloomberg dollar index and you can see oil retreating as well down almost 3 . Two dollars and . 50 for nymex crude, john . When we saw the change in the bond market story, when investors showed a willingness to get into equities they took a closer look at technology, you have nvidia, four down days, rallying 3 right now when the s p 500 at the top of the leader list. And a mike walgreens, jp morgan suggesting that their analyst team sees the worst is over. They like the Management Changes and they see a new path forward. We have been tracking Union Stories across north america. You have a strike action and the st. Louis seaway in canada and we continue to monitor the situation in detroit. Makes performance for the auto stocks. The stellantis tour you have been covering, we have 6800 workers tied to a very lucrative pickup truck plant i
London outperforming a little bit, oil prices are up. St. James is place. The wealth manager down by 20 today. This interview. You will understand whats going on here. Theres a big review of fees coming. Theres been some pressure to make that happen, particularly on areas like exit fees, so margins are likely to be under pressure. St. Jamess place under pressure on the back of that. Orsted, another 52week low, down 10 . This time its based out of the United States. The new yorks offshore wind price caps will not be raised. This is another blow to this business. I think that project is called sunrise. Do you cancel, not cancel . What happens next . It will be a tough story for or sted. Alix that is fascinating. If you cut and run, you have to write off more of the project. If you dont, you are stuck having to pay up this money for a project and not get reimbursed. Its fascinating how thats going to shake out. S p down. 2 , tech getting hit hardest. The rewriting lower the rerating lower