Taking a look at stocks today, maybe people are reacting to earnings. Olivia we have seen betterthanexpected corporate earnings. A couple of pharma companies, ford, ofrd course. A little disappointment on the top line, but Financial Engineering boosting the bottom line. Things have called down a little calm to down a little bit. We see some movement in the british pound, gaining against the euro, the biggest move in about two weeks after british gdp gaming out came out, showing the economy grew 0. 7 in the Second Quarter. It is the 10th straight quarter of actual growth for the british economy. Markets are pricing in a rate hike in england in about may. Beat mark carney may have janet yellen to the punch. Olivia they think they want to do it until next may. Our funds are pricing them in for september. But the story was that carney could be the first to raise rates. How times have changed. Top headlines home prices in 20 big cities rose at a slower pace in may. Was upeshiller index 4. 9
In the final 30 minutes of the thursday session. All of these stocks are rising. Europe is getting for a second day. All of these currencies are getting against the dollar except for the pound. Today, the talks between the eu and the u. K. Not going as smoothly as some would hope. Commodities are declining. A 3. 4 increase in revenue. The Telecoms Company winning orders for its Construction Business and gaining more mobile phone providers as well. The conglomerate that generates most of its revenue from construction is set to benefit from the massive expansion of project. Ris benefiting from a pickup in the local building. Arket shares of British American tobacco have tumbled after the fda said it is seeking to reduce nicotine in cigarettes to nonaddictive levels. The Regulatory Risk has been over discounted says morgan stanley. Remains say that b. A. T. The strongest among its peers. Any potential impact seems more than embedded. They wrote that in a note yesterday. 7 white line, it i
Now saying the country is willing to European Union has given the ecb president other tools to use in case of deeper prices. Druggie in the ecb did not go too far when it unveiled the Bond Buying Program in 2012. That happened right after he declared he would do whatever it would take to save the euro. Stephanie boeing has extended its lead over airbus on the second day of the paris air show. Bowling pulled in its biggest deal yet agreed to sell 100 of its 737 max jets to the dutch leasing firm. It is almost 11 billion. Boeing has a most 30 billion in sales so far which doubles airbus; total. Five people were killed when an Apartment Building balcony collapsed. Eight people were injured, and some are in critical condition. The average government says some of the young people are just some of the victims are young people from ireland. In hockey, the Chicago Blackhawks have won the third stanley cup in six years. Chicago beat tampa bay 20, winning the bestofseven series 42. Duncan keith
We will have their ceo with us just before he goes on a conference call. Happened withat the failed coup on friday we want to see what the central bank ones are doing. They left their benchmark rate unchanged at seven and a half percent and cut their overnight lending rate about 25 basis points. We do have the lira depreciating slightly against the dollar. The Turkish Central Bank said it took measured steps for simplification simplification. The lira on the move to the downside. Lets get a check in on the rest of the market. Record highe fifth on the s p 500 in just under a week over a week. Future softer. The dax down by one full percentage point. All 19 Industry Groups on the stoxx 600 have been in the red so far. The ftse 500 down one third of 1 . Germany Investor Confidence absolutely plunging. The fx market, the aussie dollar getting absolutely whack. We have some minutes from the australia centralbank, very dovish minutes potentially setting us up for a rate cut. The dollar is u
Look at the imap on the bloomberg, you will see energy in the top spot as oil prices are higher today following an inventory report and the news from algeria that the informal opec meeting my turn into a formal one. Real estate allegra today as we watch rates. The various strategies we are seeing, this looks at the Inflation Expectation in the breakeven in these various countries. Heres the 2 target for all of these various areas with that yellow line. We are still below 2 . Well below it in japan. Despite the best efforts of the various Central Banks around the globe. Matt has there been any affect of the news of the charges from the sec versus leon cooperman . Julie weve been watching cooperman holdings. Do as lng filing, look up up afilings and look mega. Omega. If you look within the financials, couple of those stocks are being hit. First data is the largest financial holding. Lets take a look at those stocks and see how they are trading. Targa shares still higher. After therop hea