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By train to speak to commerzbank s ceo. Our cost cuts working for this german lender . Futures are positive for europe. We are in the thick of the corporate earnings season. We will be focusing on those corporate stocks. We have a positive start priced in for equities, castrating starts shortly. The story you need to take away is the dollar continues to remain bid. The euro is on offer. The greek market down by over 2 . Let me show you how the bunds are. The market getting more bid. Bit of aing a little fluff in the market but we are back to where we are in bund yields. The yield is. 296. Lets get a bloomberg first word news update. Societe generale has reported fourthquarter profit that exceeded estimates. Their income were 319 Million Euros to my down 41 from a year earlier but above the 350 million euro analyst estimates. The french lender announced plans for an ipo of its car leasing business. At the same time its deputy ceo to ....
Rallied 293 points. The nasdaq 46, and the s p 30. Gold dropped 13 dollars oil was up small change. Oracle surprised wall street by topping earnings expectations. The stock traded around 35 dollars after the close. And a 2 year compromise budget deal has been passed by congress and will be signed by president obama. There was even a consession on military penesions. Daniel stecich of athena Advisor Services joins us now. Daniel, a terrific relief rally yesterday. The market clearly feels better. Do traders feel better now that they know that tapering is going to happen . Thats right. And i think the market likes certainty. What was a surprise was when i was speaking to people yesterday about this, i thought the market might fall off a bit if there were a taper and it did. 60 seconds later it was up 12 points and then by the end of the day we were up 30. But the market does like certainty, the fed gave a little more direct statem ....
19Jul2021 Open-Market Commentary: Wall Street Opened Sharply Lower Because Of New COVID Developments, DOW Opened Down 520 Points, Nasdaq Down 0.9%, WTI Crude Down 69.44, Bitcoin Slips 30700 econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.