Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
Theyll tell us what they expect for 2014 and how their position now higher right now by 14 points. Reports that the has decide odd a 50 billion euro a month Bond Buying Program for at least a year. Those reports come ahead of tomorrow mornings ecb meeting. Were also watching microsoft. Today is a make or break moment for the tech giant. Right now its unveiling its next generation of windows software. Stocks move quickly at the open. Its europe. Its oil. Its chooip. Three sect or that is are moving today. Let me show you germany which by my eyeballs closed at an historic high. Theres been talk that the ecb might announce a program. 50 billion euros a month. 50 billion euro ones on its qe program. Some people think its not enough. Others say its a start. Germany moved up on that news earlier on than down. Then slowly drifted up. Its closing at a historic high. Elsewhere, oil has stabilized around 45 to 48 in the last week and a half. Thats very important because that means stability in t
Volatile trading day with stocks ending modestly higher as anticipation builds for the expected announcement of a massive stimulus package from the European Central bank. Heres how things looked at the close. The dow up 39 points despite a big drag from a 3 decline in shares of ibm following weaker full year guidance. The nasdaq was up 12 and the s p added 9 points. With stocks gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. The European Central bank has one big tool left in its belt quantitative easing. A massive Bond Buying Program aimed at restoring growth to its economy similar to the one the u. S. Federal reserve ended latz fall. The Big Questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference . To think that the ecb has a magic wand and will already change all the situation
Volatile trading day with stocks ending modestly higher as anticipation builds for the expected announcement of a massive stimulus package from the European Central bank. Heres how things looked at the close. The dow up 39 points despite a big drag from a 3 decline in shares of ibm following weaker full year guidance. The nasdaq was up 12 and the s p added 9 points. With stocks gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. The European Central bank has one big tool left in its belt quantitative easing. A massive Bond Buying Program aimed at restoring growth to its economy similar to the one the u. S. Federal reserve ended latz fall. The Big Questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference . To think that the ecb has a magic wand and will already change all the situation
Volatile trading day with stocks ending modestly higher as anticipation builds for the expected announcement of a massive stimulus package from the European Central bank. Heres how things looked at the close. The dow up 39 points despite a big drag from a 3 decline in shares of ibm following weaker full year guidance. The nasdaq was up 12 and the s p added 9 points. With stocks gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. The European Central bank has one big tool left in its belt quantitative easing. A massive Bond Buying Program aimed at restoring growth to its economy similar to the one the u. S. Federal reserve ended latz fall. The Big Questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference . To think that the ecb has a magic wand and will already change all the situation