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July 16, 2024
Banks and Energy Companies leading. The tenure u. S. Yield back up to 50 basis points. It was below that all morning. Nymex crude down about 20 . As you know, saudi and russia in a bit of a war here. 33. 22 is the price. The dollar and Oil Currencies are mostly trading with big ranges right now. Lets get to our second board to see more action. You could look anywhere today and see a lot of action. Highyield, that Circuit Breaker was triggered as well. We are down about 5 right now. Dollaryen at ...
July 16, 2024
Parts here today. Some are literal. The princess cruise ship is one. Theyre watching throughout the day as it makes its way to the port of oakland. It is supposed to dock around 3 00 this afternoon. Well talk about that, oil off the bat with our buddy phil flynn out in chicago, price futures group, senior strategist at cme. We talked about it last week, phil. You and i were going back and forth about russia and saudi arabia. Now we have the true price war breaking out that has consequences in pl...
July 16, 2024
Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course...
July 16, 2024
They are maintaining well above it. 30 years were at 69 basis points last week. 137. Hey are at we are seeing some recovery perhaps in the treasury market, and that is good news. Alix but a lot of criticism has been the fact they didnt address the commercial papers market, exactly where the help is needed the most. What are the steps they can take to address that . Michael they could set up a special Lending Facility to buy directly. That may be coming. Jay powell was asked if there ree actions ...
July 16, 2024
This number, down 664 points, for a loss of about 8. 5 . Crude oil at the moment, it has been vicious and quite a violent downside move, even after the ones last week that were very ugly. We see crude oil setting at 28. 70 but in the aftermarket, we are just above 29. Call it straddle. We are right at 29 a barrel. We have major developments this afternoon putting even heavier pressure on the markets. Canada moves to close its borders and the nations airlines are seeking up to 50 billion in aid t...
July 16, 2024
Markets are not going anywhere, the european stocks are flat, the pound is flat against the u. S. Dollar, this despite some week inflation today and another member of the bank of england coming out and talking about a rate cut coming from the bank. The expectation that we will get another cut is growing. The ruble as well, we saw some movement. The Prime Minister will be stepping down with a lot of questions surrounding why, and what that means for president Vladimir Putins future. Everyone is w...
July 16, 2024
600 gaining. A lot of the focus is on earnings and the economic backdrop. 1134. Ollar 1 it has fluctuated but is very arrangedbound. Rangebound. Coming up, the World Economic forum in davos. We bring you all the biggest names in banking. Lets get straight to first word news in new york city. We begin with the new york senate approving Donald Trumps new freetrade agreement with mexico and canada. It handles the president and a major win ahead of impeachment. The overhaul of the agreement was a pr...
July 16, 2024
You see a little bit of haven buying here today. Treasury yields pretty much lower by about a basis point across the curve, led by the 10 year. Guy in terms of the session, we are at session highs in europe when it comes to equities. 600. On the stoxx london is outperforming. We are seeing some of the hotel stocks at the top of the pile, but every sector is in positive territory. Stocks are trading a little but higher. The pound is higher. The conservative party continuing to maintain a signific...
July 16, 2024
You may have heard about by now. Under armour was accounting for problems. It says it is cooperating with the sec and doj. Tryker down 4. 2 acquisition, and it further consolidates medical device maker markets. Guy 403 is where we are on the stoxx 600. It has been an incredibly hard journey to get to this level. Stoxx 600 up over 1 today. Is ok. At least it is kind of on the average, confirming the move to the upside. The euro trading 1. 1148. Christine lagardes speak for the first time tonight ...
July 16, 2024
The stoxx 600, let me walk you through whats going on. Thats the reaction to the payroll this afternoon, a blip on an overall negative chart. It was the nonmanufacturing ism number that really spooked the markets. Wednesday was a really tough day for european markets. Since then, weve been bumping along the floor. The market down at the moment by about 3. 1 for the week. A look at the individual movers today. Stocks are higher, but it is a relatively small moose versus the losses we had ash rela...