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June 29, 2024
Broadcomm is reportedly planning an unsolicited takeover of rival chip maker qualcomm. The deal if completed could top 100 billion. Broadcomms has a history of aggressively acquiring companies to bolster growth. The report sent shares of qualcomm higher by more than 12 . Its been suffering this year. Broadcomm advanced more than 5 . Dominic chu has more on this potentially massive acquisition. Reporter it has the potential of being one of the biggest merger deals ever in global technology. Accor...
June 29, 2024
President trump expected to announce a quarter trillion dollars worth of deals on this trip. Warrior,another trade saying the president is good for business. Up vietnam. Leaning business and political leaders had for weekend talks. We will be live in denying. Ang. N dan rishaad other things are happening in china. It is business as usual when it comes to the statistics. Here,look at this chart this is a look at what is coming up in just under a half hour. For ppi to age down to 6. 6 year on year...
June 29, 2024
Also, later we will speak to the iea about the u. S. Shale surge. Two great guests coming up in a couple seconds. European stocks are shrugging off a little bit of the declines we saw in asia. Better than expected german data, boosting sentiment there. Some of the most powerful central bankers gather in frankfurt that is definitely what we are looking up for. The Italian Economy sure, they did not qualify during the world cup, but the economy expanded better than thought. The 10 year briefly bre...
June 29, 2024
Where european and greece are trading 30 minutes until the end european stocks are trading 30 minutes until the end of the day. Bond yields are declining. Equity is declining. The currencies are falling against the dollar with commodities down for a seventh consecutive day in europe, the worst stretch in a year. This shows you the losing stretch we have had with seven consecutive days of declines, the worst stretch since the beginning of november of last year. Peak in november 1 which was the hi...
June 28, 2024
Message is xi jinping trying to send and how is it being received around the world . We are seeing this risk rally play out across asia markets. Completely unsurprisingly, the intors seeing most gains australia and tokyo are energy, materials, infrastructure related stocks looking to get a from the 78t billion pledge by the chinese president in his roads initiative. We are 30 minutes away from the china. In looking at the theme today, its hard to get away from the higher bys drive, led the cohes...
June 28, 2024
Vulnerable in our society. The intention was to sow fear, the insen shtention was to divit it will not succeed. The stock Market Reaction to the incident is muted in early european trade, but uk travel and Retail Stocks underperform. Good morning. Before we bring you more on the situation unfolding in manchester, just Economic Data in the form of may Ifo Business Climate in germany rising in may. The Climate Index stands at 114. 6 in the month of may versus a reuters Consensus Forecast for 113. ...
June 28, 2024
Lets look at u. S. Equity futures. Yesterday the markets were weaker this morning things are mixed. Dow futures up by close to 12 points s p down by 2 points nasdaq down by about 15. In asia, the nikkei was down almost a percentage point. Same thing for the hang seng the shanghai was up by a percentage point the cac is down by 1 now. Ftse is down by a third of a percent. The dax is off by 0. 6 the tenyear note, the yield yesterday settled at 2. 15 this morning the yield is below that 2. 146 brea...
June 28, 2024
Allegedly struck in a london pub. Ajudge will decide later a judge will decide later today where the terminally ill baby charlie gard will die. At least 10,000 people have been evacuated from areas threatened by the fire, along british holiday makers. The brother of diana, princess of wales, has said he still has nightmares about the harrowing experience of her funeral. Good morning. Welcome to bbc Newsroom Live. Iam ben i am ben brown. All sales of new petrol and diesel cars will be banned from...
June 28, 2024
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke...
June 28, 2024
Rishaad we are a leading an important trade day out of china. Looking at july numbers, expected to be up about 11 from a year ago. That would be similar to what we did see in june, 11. 3 gain. Early indicators are positive. Lets have a look at what is going on. This is trade, remaining resilient. Administration, trade seems more and more likely, are also looking at steel. Steel exports rank 2. 5 of the total to china. This is what we have currently. We see have exports and imports are down from ...