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June 27, 2024
That is the one thing people will want to know on monday morning first thing. The Dollar Strengthening against the yen after the fed official added to the course of policymakers signaling they will keep raising Interest Rates. This is a picture for european markets. They are gaining some 0. 3 . Another currency pairing is new Zealand Dollar slipping some 1 . The kiwi dropping 1. 7 last week after the central bank said on february 9 that it plans to keep arming costs at a record low. We have char...
June 27, 2024
Happy president s day if you are joining us from the United States. Good afternoon. Anna edwards, good afternoon. There you go. Stoxx 600 up for a second consecutive day, the highest level since december. It will be a quieter day today because of the president s day holiday. No chart shows a better story, no two day chart shows a better. Tory 143 billion, that was the bid put on the table for unilver from kraft heinz. The shares surged 13 on friday. The biggest gain ever, a record. Or unilver to...
June 27, 2024
Have a look at where european equities are trading right now. Just under 30 minutes until the end of the monday session. Ninth daying for the in 10, the highest level in the stoxx 600 since december. All these currencies rising against the dollar. No trading in the u. S. Because of the president s day holiday. Mixed performance look at the innch twoyear yield france, commodities and credit isault swaps the spread the yield difference between the friends french tenure and german 10 year. Risk. A ...
June 27, 2024
Chancellor merkel heads to the white house amid growing us complaints that german business isnt playing fair. Plus, a yawning hole in our finances. We lack of sleep could be if . . . G; l . . . inhiieiufe๏ฌif billions from the global wiping billions from the global economy. Welcome to World Business report we start in the us where President Trump will be hosting german chancellor Angela Merkel at the white house later. Coming up, singapore has its best month for trade in five years. Now, back t...
June 27, 2024
Welcome to daybreak europe, our flagship morning show here in london. Im manus cranny. Matt and im matt miller in berlin. Manus good day to you, good to see you. It is risk off by a variety of measures, but none more so prophetic than this. Btb, 7694. Euroyen, dropping for 11 straight days. That is the longest losing streak on record. What are you looking at . This is the 200 day moving average. We managed to close below the 200 day moving average, a whole variety of issues. Syria, tillerson goi...
June 25, 2024
This is the markets we are looking at in terms of global equities. This is a second straight day of rallying, s p 500, futures advancing, crude oils advancing to levels we saw back in october. Jumping,s dollar also and the nations bond following after the nationsbank released minutes of the latest meeting. Lets get straight to the bloomberg first word with nejra cehic. Nejra thanks. Broadbased a weakening of inflation pressures was behind this months surprise Interest Rate cut. The australian Ce...
June 25, 2024
Staples doing not as well. Industrials and energy are leading the advance. W. T. I. Gained more than 2 on the day. Weve definitely come off the highs of the day. At one point the s p over 2100. Still up on the day but not quite where we were earlier on. We definitely saw the yen start to rally at the end of the day, too. Overall the rally did wind up starting in asia, the nikkei, hang seng were up. It spread over to europe. The ftse actually had its biggest rally since february. It did spread he...
June 25, 2024
The perfect trade. Pete, what do you say . Weve been talking about how technically its been holding on to the 50 and 200day average. The xle is the big cap names. The names have absolutely been performing. Look at the way the xle traded today. There are some of the dash for trash names. Ill give you a good example. Today i bought options out in chesapeake. If energys going to do what its been doing, higher highs, lower lowers, that were going to see some of the most beaten down names. To maybe s...
June 25, 2024
He act add loan. House Speaker Paul Ryan speaking out on the shootings on the house floor early this morning. We are all stunned by the events last night in dallas. Our hearts are with the Dallas Police department and our hearts are with the victims. Authorities have identified three wounded Dallas Transit Police officers as omar cannon, Misti Mcbride and jesus retana. The family of the man killed by Louisiana Police put out a statement saying they reject the reprehenceable acts of violence agai...
June 25, 2024
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal ...