No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
I am Katie Greifeld in new york. Welcome to bloomberg markets. When it comes to the s p 500, building slightly on yesterdays losses. S p 500 currently off about. 1 . You did have a selloff yesterday. Managed to open a little bit higher this morning. About 30 minutes in, those gains have dissipated. Big tech, nasdaq 100 trying to say in the green, currently up about. 1 , even though you have that selloff in the bond market continuing. The 10year treasury yield higher by another seven basis points, rapidly approaching 4. 70 on that benchmark 10year yield. We will see if we get there today. First, lets talk about the last of the Big Bank Earnings rolling out this morning. Bank of america and Morgan Stanley topping estimates, with bank of america with one of their best First Quarters on record. Lets get more details. Lets start with bank of america. What went right . Netnet income finally beating expectations. We did not see the same for some large bank spirits are to meet there is not onl
Julie its another day of records. Its not at a record, even though it is higher. We did have inflation data this morning. Is that why we see the gains here today . Its not entirely clear. We started to date meeting of the Federal Reserve that might lead to an Interest Rate increase. Thats what many Market Participants are expecting. One thing stands out on this graphic area the philadelphia utility index is a link in the session in what is an otherwise in the green. We want to look at the rig movers. We have a couple of big cap movers. Boeing announced an increase in its dividend of 20 . To buy frompgraded neutral. We have more streaming deals in the companys future. On the flipside, we have Iron Mountain down. They announced they were going 1. 3 billionor dollars. Debtso changed the company to negative. Is falling once again. The company said the power commit equipment is in the investigation to the fires in southern california. The department of for street and Fire Protection might b
Stocks are rising today as jackson hole gets underway, gaining for the second day. All the gray currencies, or little moving currencies against the dollar today. Sovereign bonds, third column. Wanted to talk about crh. Shares of as much as 4. 7 . Biggest gain since november. It announced the sale of its u. S. Building interior interior building productivity called allied building products. Beacon roofing supply price, 2. 6 billion. It is a chance to cash in on a business that has been more than 20 years expanding by requisitions coming can generate funds. One of the largest u. S. Distributors of construction materials. Separatenced a aggregate for 600 million euros. Shares are up by 4. 4 today. Gdp data out of the u. K. , level of. 3 was the expansion, back in line with previous estimates. Slightly up on the previous quarter. The first quarter. We will talk more about this with our guest in a second. I thought we would look at the ftse. Given the array of plunging share prices we have