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Equities market. Anna a warm welcome to countdown. I am anna edwards. Reporter and i am guy johnson from the greek capital. Anna lets get you up to speed on what is been happening. Lets talk about what has been going on. We will start with the euro. This is the last three days. Lower at the start of the Asian Session as the Foreign Exchange market picked up. We dipped below 110 and came up in the hours that followed moving a little higher. That initial flight to safety in a number of asset classes, definitely present but moderating a little bit. Looking at some of the other asset classes, you can see that as well. Look at what happened to the yen. Again, flight to safety but moderating a little as we get into our stride on this monday morning. How long will any calmness last in the london session . We will have to see. We may see that flight to safety resume. The treasury yi ....
Heels over this bailout. Will they get the money and time for august the 20th . We wait for germanys open, but big hits coming to the automakers in germany. Look what it is doing to commodities. Depreciates, there is less desire to be importing. Copper up by. 4 . Check out what happened to the yuan. This is the dollar higher, the yuan lower. Almost a 2 selloff in terms of the current for currency. Look at what it has on the rest of the foreign currency. The dollar is up, the malaysian dollar currency falls off. Look what it did to the sycamore currency, down. U. S. Dollar up. Clearly, this is having an impact across the board. Check out the yield moving terms of u. S. Treasury. Bound by eight basis points. Flowing into u. S. Assets, flowing into the dollar. Are we seeing a delay in terms of foreign cost rate rises . Could the u. K. Be put off . Could janet yellen be put off . I wouldbasis points, give it flavor of how the moves are happening. What are the effects . Yesterday, auto sell ....
Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of ....
I am francine lacqua. Manus it is. I am manus cranny. First, the global standoff. Shares plunged the most since 2000 seven. Francine that european stocks are down in the red. Commodity prices sinking to a 16 year low. Rest ine will have the a moment. Lets get at the very latest in europe. Caroline, take it away. Caroline disaster is what one chief officers calling it. We are seeing a major selloff. Shanghai composite, check that out. Down 8. 5 . The worst since 2007 despite moves by the Chinese Government to stem the bloodshed. They are trying to support with pensions. The rumors are reserve ratio cut to the banks that did not materialize. Down goes asia and the affect on your. We are in correction territory. And the effect on europe. We are a bear market. If we close at this level, we will between 2 of our previous high. Not one single stock is rising. Concerned about Global ....
Fight to see this thing get between 2 and 3 . Manus chinas officials factory gates delivered a surprise jump revealing resilience. Consulting the article. Much harder to find bargains in the markets but stocks are the way to go. You put 100,000 in a 10 year for a form of investment, stocks still look attractive compared to that. Manus you are very welcome to daybreak europe. Anna edwards is out for the day. You are left with me. I am manus cranny. Lets take a look at what is going on with the market. You have had record after record. It is the rest of the market you might want to worry about. Buffett says yes, stocks are the way to go. The u. S. Stock market rally. It was a very small, select the ip crowd that game select vip crowd that gave you the highs. The flashpoint, a pileup in terms of the number of stocks hitting 52week lows this month is rising. The numbers making twoweek looks 52week lows s makingred the number has. Warren buffett saying it is harder to find a bargain. It is ....