Stoxx 600 is negative now, down by less than 2 10 of 1 . The pound is moving relatively aggressively on a number of different things. Theres a reuters report talking about a regime that would allow the continuity of the good friday agreement for the irish border. Emmanuel macron talked about an intelligent solution to the brexit impasse. All of these factors helping the pound get a lift today. I think positioning is also a factor in this. The italian 10 year not budging that much, but keep an eye on it. Reportsla, the suggest, wants a coalition formed by the end of today. Salvini is about to go see the italian president. Vonnie the u. S. Economy does not need lower rates according to Kansas City Fed president Esther George. She spoke with bloombergs Michael Mckee in jackson hole, wyoming. Have a listen. Theer as i look at where economy is, im not ready to begin to provide more accommodation to the economy outlook thats adjusts the economy is getting weaker. Vonnie we are joined now by
Mattarella this afternoon, the president. He says elections are the way out of the current impasse. I wonder whether the president is entirely convinced. Vonnie you were alluding to it there, something happened the last few minutes, and it could have been a combination of things because we had a few negative catalysts, including theirtocks are up against 50 day moving average, and that may have triggered some selling. 210 turningthe negative, still negative at this point. That triggered a selloff. The s p is now down six tense of 1 . Nordstrom did beat, and is looking maybe even more attractive as a target. More attractive, as is target. It is up 15 . Some dismal data out of europe earlier on. Germany making the headlines when it comes to the pmi, manufacturing and Services Pmis dropping at the fastest rate in six years. It is a strong signal that europes biggest economy could be heading towards a recession. Negative. Ady had one at the same time, the german bund is bank the German Bun
We are up off the lows of the session actually. Still seeing a decline. We were seeing a drop of about into thisprices going report. Usually it takes a little time for it to shake out. Out later where oil is trading. Whats going on in the stock market today. A little bit of a drowned downdraft. You into thee bloomberg and take a look at the groups on the move. We were just talking about oil prices and energy has been one of the drags in todays session. Discretionary stocks are weaker. Financials are weaker in the wake of earnings from j. P. Morgan and citigroup that the estimates. There were some disappointments in the numbers and Telecom Stocks falling. Lost videot had subscribers last quarter. Weve got them strength in utilities industrials and consumer staples. That is the balancing act we are seeing at the moment. Toside of stocks and forgot mention bitcoin rising to a record yet again. 5,200 for one bitcoin. Jamie dimon when asked about that coin said, im not going to talk about b
back from november levels. and credit suisse prepares to cut 10% of the bankers as it works on the next wave of restructuring. and the banks mixed lows with the sharp increase in provisioning and warning of a downturn. it is for a mild recession in early 2023 and the research team have been consistent good morning welcome to street signs. european equities have been open for an hour now and we are still in positive territory. we have come off the highs of the day. we opened .30% now above the flat line. this after a strong week last week for equities on both sides of the atlantic. stoxx 600 gained 1.8%. wall street with more gains. nasdaq rallying 4.8% dow about 2% the s&p about 2.7% the positive momentum carrying over from last week. overnight, we saw decent gains in china with the shenzhen trading in positive territory. a big week for corporate earnings bank of japan with the policy meeting kicking off tomorrow and davos in switzerland world leaders gathering to t