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June 23, 2024
5. 30 6 million homes. This is after a gain of 4. 7 of the prior month. Economists were looking for a figure of 5. 4 million on an average day so its coming in a little worse than anticipated. This is not necessarily a number that will move the overall market but i am watching the xhb which is the homebuilder etf and were not seeing much movement. It remains higher by about half of 1 . It looks to be taking a little bit of a leg up after these headlines came out. Erik thank you. Coming up come t...
June 23, 2024
December looks likely. Most members are on board. Market expectation show investors look to move next month. Speaking yesterday, york that president said he is looking forward to the day the fed raises rates. Begin to raise Interest Rates. That is a good thing. That is a sign that the economy is returning to health. The Federal Reserve is getting closer to achieving our mandate. Francine for more, lets bring moretti. And lets bring in simon kennedy. Thank you for joining us. Simon, lets start of...
June 23, 2024
The paris attacks two weeks ago today. It has risen by 4 since mario draghi signaled on october 22 the ecb would do something in december. The stoxx 600 has risen by 6 . Little change today, but rising for the second consecutive week. Erik there was Economic Data out of the u. K. Gdp coming in as expected. Private consumption and spending was higher than analysts expected. Mark the biggest negative impact from that trade on record. Economy how the u. K. Fared in the third quarter. The second qua...
June 23, 2024
The trading session. Julie hyman has the latest. He had this huge rally yesterday after the fed minutes. Starting tos are drift today. I want to start with commodities. Lets start with oil, because we are seeing Goldman Sachs make a call that the mild winter cause oilpact could to fall below cash cost of 20. Their forecast for brent remains at 50 a barrel. Citigroup says that commodities have not fully priced in the effect of the higher rate, a rate increase, which is contrary to the conventiona...
June 23, 2024
Year low, excuse me. The big story of the day was from home retail. The sunday times says the private Equity Companies are considering and that for retail. The price tag is one billion pounds. A small she is compared to the 160 billion deal we have today. I would like to know from you, what the takeaway is from todays Manufacturing Service data. Mark the ecb would have been encouraged right the economic component when you bring together the services and the manufacturing composite. He have the b...
June 23, 2024
Critical, despite the fact that there are moves to restrict supplies. 7. 5 . S down of course the interest is in what is happening with the commodities. We are below 50 for the fourth month in a row, and in terms of copper, 2009 lows last week. The market seems to be ignoring the moves by the chinese. You are seeing a little bit of a move lower on the commodities. Forward withoing one billion euros. Agreed on terms for some of their striking members. Bff ab inbev maybe sinking. Trying to solve t...
June 23, 2024
A lifetime contract. We are half an hour into the trading session. It has been quite a big cello around the world. Matt miller has the latest. Matt im looking at oil prices, especially. Crude, not only nymex crude, started dropping precipitously around 7 00 this morning. Brent is also down. West texas intermediary, you can see the big drop that we had to 36. 85. We bounced up a little. Brent came down earlier and drop to below 40 a barrel. Both of these products, commodities, are down till those...
June 23, 2024
During the week on average is. They are still hanging on to the. On to that. Mario draghi talked about more stimulus to do what is necessary in the ecb to promote inflation rapidly, in the words of draghi. Performer, the best i mean, the dow was the best performer of the three. Specifically, we saw a nike and united health. Ite was bouncing back and would potentially be pulling back from the exposure of the Affordable Care act. United health care saw shares dropped sharply. They saw this as a bu...
June 23, 2024
That she was a contraction. I want to Bloombergs Julie Hyman with more on numbers. Julie contractions are a negative surprise. Economists had estimated 15 and inalf, expansion manufacturing. Instead, we got a reading of 40. 6, even after we have the Market Manufacturing number 15 minutes ago that showed an expansion, a better than estimated number. A couple of different readings. Prices paid rising less than estimated, a reading of 35. 5. At the same time, we got Construction Spending month over...
June 23, 2024
London. Manus im manus cranny. We have a lot going on in the next hour, but the eu and turkey have agreed measures to help handle the refugee crisis, including a 3 billion euro assistance package. Francine meanwhile, russia has widened the sanctions against turkey in the wake of the shooting down of one of its planes. Here is donald tusk on the euturkey deal. Outur set agreement sets the reestablishment. Will also step up our assistance to Syrian Refugees in turkey through a new refugee facility...