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June 29, 2024
January on better than forecast earnings syria take a look at the s p 500 a year to date shows 3 . Index of one point that is a look at the year to date chart. Up one point 36 . Nymex crude is on the rise. T is up just over 1 take a look at the chart there. That a year chart or is that today . Fourmonth chart down just over 4 . Trading nearnt bear market territory. Also looking at the fourmonth chart there. Ar market chart. Taking a look at consumer confidence, dropping the most since 2011. Wher...
June 29, 2024
Any index it is listed on. It is naturally a very heavy weight on the nasdaq. Swingingones backandforth between gains and losses. The same is true of the s p 500, down 3 10 of 1 . Taking a look at treasuries, we see some selling on the treasuries market, the 10year yield going up. The yield on the 30year going up slightly, 2. 88 . About oil. Alk this is fascinating. We finally see a green arrow here. Holding well under 50 actually, i am thinking of rent crude. 473ork crude is down at and rent it...
June 29, 2024
130 points 17,290. It is headed for its longest slide since 2011. Declines in energy and Biotech Companies related as well. This coming on the heels of a solid july employment report. Same story for the s p 500. The broader decline is led by energy and material shares. Oil is headed for a six week of losses on speculation the supply glut will continue. Nymex crude down 1 1. 25 44. 11. Brent crude also down 1. 25 . Gold futures are up. 3 . Betty brent below 50 all week. A check on bond markets, y...
June 25, 2024
Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to...
June 25, 2024
Over in europe, snapping back, all of yesterdays post, up 1. 2 . The dax fell. Eurodollar, 112. That is not much ammunition. They need for the g7. It is a weaker japanese yen. Yields up a little bit. That is a market that is stabilized. Up a basis point. David lets check in with our bloomberg team. Mike mckee in new york on a possible summer rate hike. We will look at Goldman Sachs to annual meeting we will look at goldmans annual meeting. We will begin in paris with egyptair bound to cairo boun...
June 24, 2024
Coming up on thursday. David historic. Share thiset market check. Lets get you up to speed. Futures now higher this morning. S p 500 futures up about the exploits. Now futures up 33. A rally in the a rally in europe. Switch at the board to much longer dollar story on most of the crosses this morning. Dollar yen inching higher. Euro sterling, brexit spread, we will talk about that in about 10 minutes. At inches away from that 80 pence level on friday. Treasury yields up a basis point at 1. 78 . L...
June 24, 2024
Futures little bit negative here in the u. S. On over in europe, 1. 3 . Y stocks 600, down almost 8 last quarter, switch on the board. Global market being reduced to what feels like one big fat trade. Stronger euro. Score card and treasuries ahead payrolls. Yields pushing higher by two bases point. Crude prices down by 2. 43 . The bottom one, bought to you by saudi arabia. Love these little. Ponsorship we will start getting money. Justt to point blackberry cents a, loss of three share. Lets get ...
June 24, 2024
Surprises. Thats how we started with jpmorgan. Premarket, futures, where are we . Points. Res now up 99 the big story in the last 20 minutes, a bit from jpmorgan, and upside surprise. That upside surprises what takes is higher come up by 2. 73 in the premarket. Couple of fx to a pairs for you. Some dollar strengthened the g 10 today. 13 . At wti, the output freeze meeting in the rumor mill and the rumor mill is in full swing. Crime organized profiteers have raided the offices of the Panama Paper...
June 24, 2024
Are headed for a week of gains on the stoxx 600, up to four weeks of losses. Crude is the story. Wti down two percentage points, about 40 bucks a barrel at 40. 66. The Iranian Oil Minister will not be in doha. They are sending a representative. What does that mean for an output freeze prospect for all of them . Lets get to vonnie quinn. Vonnie Bernie Sanders and Hillary Clinton went on the attack last night, facing off in a debate in brooklyn ahead of new yorks crucial primary. They questioned e...
June 24, 2024
Announce its new smaller iphone. The move comes one day before the apple and the sei meet in court. Lets head straight to the market desk where julie hyman has been keeping and i. Julie breaking economic data. An annual pace of 5. 0 8 million. It had the sales of previously down homes in 2007, coming at a threemonth low. Sales lower than the most pessimistic forecast in the survey of economists. It probably will not affect the large portion of trading. The company is coming out in making a numbe...