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July 16, 2024
Disney leaps in late trade with quarterly profit topping estimates as the lion king roars at theaters and theme parks stay strong. Kathleen lets take a look at how asian markets are opening. The asx 200, a little bit higher beenthe 6726, which had the biggest advance in three weeks on the market close yesterday. Now to nikkei futures, a fractional move higher. There is uncertainty about the trade war deal getting done. That will weigh on japanese stocks. Stocks had risen for a third day yesterda...
July 16, 2024
The country is leaving the bloc by the end of the month. Lebanons Prime Minister agrees to a series of Economic Reforms in an attempt to calm unprecedented antigovernment protests experts at the imf annual meetings raise concerns over negative rates in an exclusive interview with cnbc, axle weber warns Central Banks have lost their ways. In recent years, ecb loss of business has been much less policy, lost its distant to market they should guide markets rather than be in a standoff with markets ...
July 16, 2024
Been interesting. Not just value but also small caps. Also industrials, also cyclicals. They wound up beating estimates, coming in at over 600,000. The earnings went up slightly as well. If you have a miss, you get punished. For global exchange. We will bring you todays market news from around the world, from hong kong to brussels to london. First, we start off in asia where china is firing back at the u. S. Mike pences criticism of his actions against protesters in hong kong. He said chinas act...
July 16, 2024
For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we s...
July 16, 2024
To a weaker dollar and higher yields across the globe. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to start with the breaking news in the u. K. The pound is strengthening against the dollar on brexit optimism. Francine lacqua is live at westminster. Give us the lay of the land as we start trading this morning. Francine i have to say, you are absolutely r...
July 16, 2024
Elon musks tesla has stunned wall street with its Third Quarter results. Shares of the electric car maker gained over 20 in after hours trade after it revealed a profit of 143 million. Analysts had expected a loss for the Third Quarter. And margins were higher as well. The only fly in the ointment was a small drop in revenues. It looks like the electric revolution is finally here. Last year the number of electric vehicles on the worlds roads leapt to more than 5 million and thats up by 2 million...
July 16, 2024
But the bond proxies are back and they are big, the car sector an similar stories like that are selling off. German tenyear yields catching more of a bid. Something i want to highlight this afternoon is we are seeing emergingmarket currencies being sold off, including the russian ruble and the south korean south american rant. South african rand. For a bloomberg scoop, sources saying Chinese Stateowned entities are in talks to invest 5 billion to 10 billion in aramcos ipo. This comes as saudi ar...
July 16, 2024
It is the insurers and medical providers doing so well today. Unitedhealth group up 8. 6 . Medical loss provision was not as bad as anticipated. It was actually better than forecast, and that has all of those insurers higher. Johnson johnson saying it is not setting aside money for those court cases it is going to fight, and will win thousands of them, according to johnson johnson. The 10 year yield moved quite a bit in the session, back after a holiday yesterday, 1. 75 on the 10 year. Guy letsg...
July 16, 2024
In washington really thinks that erdogan was going to go put it on harms way american troops which had been keeping their presence there very small contingent had been keeping this from happening so the president obviously feeling defensive but you just saw him there and over the last couple of days hes been trying to create this narrative and he came out he said with the cease fire pause he said its a great day for civilization i solved it sounded as if he thought he had solved the conflict bet...
July 16, 2024
Protesters in hong kong, saying the nba has acted like a subsidiary of chinas communist party. Bogard onn bulgari. We bring you our exclusive interview from shanghai. Shery later, we bring you more on amazons after hours stock plunge, but first, lets get you started with a quick check of markets. We see u. S. Futures unchanged at the moment after we sawtek shares leading the gains on the s p 500 which closed above that 3000 level. We had Semiconductors Leading the gains. The Philadelphia Semicon...