The nasdaq closing at its highest level the sheer. pretty impressive we had the fed minutes that came out today. This idea that the fed is not in a rush to hike. Markets kind of treaded lower. Right before 3 00, which is when the st. Louis fed president came out and thats when we saw a huge rush in stocks and a rally to the close. One of the biggest winners in the nasdaq were biotech stocks. Breakout, rowling rallying the most since 2009. Two dollars away from its 100 day moving average. With that risk rally, we saw yields pick up just a little bit and an immediate spike in the shortterm rates into year yield right after the fed and its came out. Hire on the twoyear and. 3 hire on the 10 year. Scarlet the yen goes from strength to strength. The dollar trading at a 1. 09 handle. Sinking for a fourth straight day. Terms of commodities, oil with an unbelievable move up. You have inventory numbers that came up and an inventory draw in the u. S. Refiners starting to work overtime and utiliz
The dax strip back the stoxx 600, the miners, the energy stocks. Here is a novelty dollaryen not lower, it is higher, up. 4 of 1 . Thest gain for some first game for that currency pair in some six days. This is why you are seeing the reaction on the screen. Treasury, yields are a little bit higher on todays session, upee paces points three basis points. Here is vonnie quinn with the first word. The democratic nomination is growing bernieingly testing with sanders saying this week that Hillary Clinton is not qualified to be president. Bernie sanders i have tried to run an issue oriented campaign, which is what people want to hear. Then just do not want to hear us attacking each other every day. I want to say that we are getting attacked every single day by the clinton campaign. We are going to respond in kind. Vonnie both white house for als are gearing up crucial primary in new york state 11 days from now. Republicans are eager to defeat Establishment Republicans are eager to defeat do
Said to plan an offer for yahoos with business, including its japanese arm, sending shares in tokyo surging. You are welcome to countdown this friday morning. Im manus cranny in london. The cynic in me says the markets are preparing for something much more insidious to come. Lets focus on the yen. Has the yen run it smile . This is where we are seeing dollaryen on a time frame, high noon for the yen in the United States. View at theo be the moment. This was new york yesterday at 11 00. 4 00 in london. Midnight on the orient express. We see the market begin to turn around. The voices of intervention are rising. The high for yen was the strongest since before qe. Weve had a fiveday rally. Up2. 8 against the pound and 2. 6 against the dollar. The biggest moving yen was against the pound. Bank of america says get ready for appreciation. Nomura says the level at which you see appreciation is 105. A friend of the program was spoken. He says they wont intervene on dollaryen until you trigger
Growth, but the u. S. Economy is doing well. Admitsd David Cameron that he and his wife own shares in a panamanian trust set up by his father. How hard will the revelation hit . Good morning, hans. A couple stories dominating. The first is whats happening in the financial markets. A move in the opposite direction, but nevertheless, everybody is on hooks waiting to see what the japanese will do. Then you have this story with David Cameron. When you and i caught up this morning, i was surprised at how dominant it was in the german press. Hans you know, when i was in the public broadcasters this morning, they all lead with the David Cameron story, the idea that he wasnt upfront. Dominating coverage here as well. In some ways it is the extent to which germany is concerned about a brexit. A great deal of concern about whether the u. K. Will leave the eu. Germany doesnt want that. Guy yeah. All things seem to revert back to brexit. Fascinating to see how it draws back into that story. Less t
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have