Build. Buzz starts to build. We are minutes from the end of the tuesday session. Longest winning streak since april for the european benchmark. Tech stocks are the big gainers today ahead of apples unveil her of its big iphone. It could get a share of components manufacturing. There is any positive catalyst. We are witnessing the record high once again for the world index. Lets look at the currencies. The most interesting currency today with day today is sterling. It is rising today. U. K. Inflation raised higher than forecast today. The last your was 2. 6 did it sets up boe meeting on thursday. There is a one in three chance the markets hold a rate hike by the end of the year. Ande got average earnings unemployment figures tomorrow. Its going to be a fascinating week ahead of that centralbank meeting. This is what is happening as you can see, money moving into equities and the pound. All yields are rising prices are lower. There is an appetite for risk across europe today. Julie, hows
All the major averages are in the green and hanging onto gains. We have seen price swings pickup. That was anticipated. September can be a volatile month. It is the most volatile month of the year by far if you look at the bloomberg. This is the average percentage change for the s p 500 did you can see september is the highest this year. It is still lower than december and last year. We have the biggest swings of the year, it is dwarfed by what we saw a year ago. We still have a few weeks ago in this month. It is the most volatile we have seen, not compared with any volatility thus far this year. We will keep an eye on that trade retail is relatively strong area that we are watching. The gap is leaving the game. The old navy unit is worth 30 more than the total Companies Enterprise value. He said the divisional margins are being disclosed for the first time. About 75 ofrating the profit. Also one, l brands are the rise. Macys and nordstrom are trading higher. The latest Johnson Redbook
How is having a real estate man like trump in the white house affecting values . We speak with bruce flatt. Have a look at where european equities are trading. We are 30 minutes away from the end of the tuesday session. Stocks are rising. The highest level in 20 months. Coming off the best week since december. The Third Straight monthly advance. We have local elections in the u. K. Job reports in the u. S. On friday. And the french elections sunday. All of these currencies rising against the dollar. I will come to the greek 10 year yield in a second. Down by 31. 7 basis points. The earnings season continues. Aberdeen Asset Management shares of 4 . Outflows flowing. Emerging markets recovering. Cost savings with the net amount at 13. 4 through 16. 7s billion. Profit up by 20 . Active Asset Managers have been seeking to cut costs as they grapple with funds that charge lower fees. That combination with standard light may Standard Life may result in savings of up to 3 million pounds, accor
Fbi, the investigation done by the Senate Intelligence committee will continue on its current course as aggressively as we are able to do we continue to hold interviews. Mark the cochair of virginia told reporters today that the white house is not taking the investigation into russia and the election seriously. Russia is urging the u. S. To accept an iranian role in the safe zone plan. Russia also was the u. S. To help enforce the ceasefire and the deescalation zones. Russia passes middle east envoy says u. S. And iran need to show compromise and flexibility to help end the civil war. Global news global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julie scarlet im scarlet fu. Joe i am joe weisenthal. U. S. Stocks trading slightly lower. Joe the question is, what did you miss . Scarlet americans are been any spartan stores. Department stores. Results at the close. Could the lending crisis spread
The City of Cambridge is accelerating nine housing projects with $13.3 million in grant funds from the CMHC’s Housing Accelerator Fund to address housing shortage and growth.