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June 24, 2024
Julie not good. We are seen a steep selloff is Global Growth concerns of come. Ack into the market yesterday we had that snap back from last week. That has been shortlived as you can see. All major averages are down about 1 . Piling onto the negative sentiment is jpmorgan saying to underrate equities for this year , thats the first underweight equity allocation since 2007. That is from their strategy tape. Its global. That Central Banks are a risk in this environment. Its a red herring here. Als...
June 24, 2024
Numbers are coming out better than analysts had anticipated. The other big economic report of the morning has been next. Adp employment report showing a smaller than estimated gain in employment. Perhaps the precursor to fridays report but there is not always correlation between the two. Productivity falling 1 , even as the unit labor cost rose by 3. 1 , so there has been a lot to digest this morning for investors. Overall, we are still seeing this concern over Global Growth with a scenario comi...
June 24, 2024
Switch up the board, dollar on the back foot yesterday, front foot today. Another piece of top data. Time warner has come out with adjusted earnings per share of 1. 49. At 7. 3 billion. Billion hbo5 at 1. 15 billion. They are reaffirming their fullyear outlook and the stock is currently down 1. 5 in the premarket. Pre 74. 32 unchanged. Ondo have beating estimates the eps side and earning side. David two in a row for me. Now, back to politics. Donald trump won big last night in indiana. Delegates...
June 24, 2024
Lets head to julie hyman who has the latest. Julie we are seeing a little bit of a bounce back to we are not say much magnitude in terms of percentage gains across the board. For major most averages. Following on the today decline that was the largest since early february. To be what wears are seeing here. Earnings continue to play into the equation. If you look at the stocks gaining on earnings use, First Quarter results theyre beating analysts estimates and also a 1. 5 lien dollar buyback. Che...
June 24, 2024
Headquarters. I am francine lacqua. We have to look the markets and this is the picture. Here in europe, we are gaining a touch. I want to show the emerging markets. Ome of the turkish stocks turkish lira against the dollar, 2. 92. Were expecting a conference from the Prime Minister who is expected to resign shortly. This is the picture for brent. 45. 82. Later. Show you a chart lets get to first word news with their change. Nejra a private gauge of services dipped slightly in april. The pmi cam...
June 24, 2024
Lets check on the markets for you. Two hours and 30 minutes away from the market opening in new york and futures are a little bit softer. The s p 500 futures are negative five. Over in europe, the stoxx 600 getting beaten up this week coul. The ftse off by 8 10 of 1 . Heres the dollar ahead of payrolls. The eurodollar 11426. The dollar on the back foot they re. A forecast for low inflation down under. Yields are creeping a little bit lower, down a basis point at 1. 4 for the 10 year. Big moves i...
June 24, 2024
After investors weigh a slew of a lot ofeuropean banking stocks under pressure, 1. 8 lower. Australian Central Banks also cutting its benchmark Interest Rates to a record low lsd door opens for further easing unless the door opens for further easing. Lets get straight to the bloomberg first word news with mark barton. Mark chinese manufacturing flip today. Underscoring pockets of weakness in an economy. 49. 4 . Fell to Australias Central Bank cut its its market just rates to a record low. The un...
June 24, 2024
Welcome to the pulse live from bloombergs European Headquarters in london. Im francine lacqua. Today is all about the u. S. Jobs data and whether it can give us an indication of what janet yellen may or may not do in june. This is a picture for the msci index. Down 0. 2 . We are down on the week, the biggest weekly loss since february. Yen rising a touch ahead of that key american jobs data. Haven,u look at yen as a weve seen it increased this week. Lets get the bloomberg first word news with ne...
June 24, 2024
That sounds ominous. This could send u. S. Stocks plummeting. We look at the statement made on Bloomberg Television by a bank of america strategist. Vortex of negative headlines . Is julie hyman at the center of this . Julie . Not yet, but she said it is coming. Maybe in june. The sentiment is so negative. Even as stocks go higher. It is not surprising you are hearing about the vortex of negative headlines to come or people are betting on increasing volatility. Certainly, a lot of investors are ...
June 23, 2024
European markets are up this morning following from gains in asia and the worlds count down to the Federal Reserve policy decision. Members of the fomc begin their crucial meeting later today. For more on how the markets are cross straight over to mark. Mark gains, but why . That is the big question. Because the odds of a rate increase our 32 and on monday it was twice 6 . So investors are less certain that the fed wont raise Interest Rates. 5050 asked much whether they think they will raise rat...