Legislation,extra extradition legislation saying it is dead. Deutsche bank shares slumped over 5 as danske bank flashes its profit forecast for the year. Manus welcome to daybreak europe. Time for a little defense. S p, lower. It is blackrock who leads the charge this morning, cutting their equity risk, changing cash balances. Go moderately defensive, the difference between blackrock and blackrocknley is likes u. S. Equities. They still want to be overweight u. S. Equities, so that is something to bear in mind. How much more bang for your fed back will you get . We will put that to the guest host this morning. Lets look at consequences of over ambition. Capital. Apple. The michigan what happened during the session, a downgrade coming through. Fundamental deterioration they are saying. They are worried about the iphone and in terms of analyst, they havent been this negative on apples 2004. Ratings on the stock, the most since 1997. The market is pricing in 87 basis points of a cut. Thre
Rishaad this is what it is looking like for equities. No trading in hong kong. It is a public holiday. Looking at active futures for the chinese market. Overall asia is feeling at down 3 10 of 1 . We do have many investors taking the opportunity not to go to work as is the case in hong kong where they have no choice. S p futures on the way up after the deep losses we saw in the session friday on wall street. Looking at the nikkei 225 coming off the lows of the day. Action there, political in part. The ldp may have lost a special election seats. That would be a blow for the unpopular president at the moment. Looking at the bond picture, yields where they were we still on friday. Japanese 10 year yields grinding to the upside up to 85 basis points. Wti off as the middle east situation seems to be simmering. Perhaps the calm before the storm. 70 five cent move to the downside for new york crude. A lot is going to be contingent on what the bank of japan does at the end of the month. Haidi
Technical difficulties. I feel very oprah. We are seeing Oil Prices Fall back 7 over the past five sessions. Oil has fallen for four of the past five days. The excuse appears to be increased production out of libya. Its the ongoing for a mentals of oil and fundamentals of oil and technical factors and levels helping send oil down. Oil is now down 20 from its highs of the year. Its not just oil that is falling. We are seeing copper also decline for the sixth session in seven. Copper down 1 today. Its pulling down some of the miners as well. Report mac rent this report mac and rioreeportmcmoran down as well. Other sectors mitigating those losses. The s p pulling back. The nasdaq down the most of the three, but by a smaller margin than in recent days. There are groups mitigating the declines. One of them is health care. Health care higher today. Regeneron has been gaining steam in particular. Stocks fell initially today after novartis said a potential blockbuster its developing to treat v
Technical difficulties. I feel very oprah. We are seeing Oil Prices Fall back 7 over the past five sessions. Oil has fallen for four of the past five days. The excuse appears to be increased production out of libya. Its the ongoing for a mentals of oil and fundamentals of oil and technical factors and levels helping send oil down. Oil is now down 20 from its highs of the year. Its not just oil that is falling. We are seeing copper also decline for the sixth session in seven. Copper down 1 today. Its pulling down some of the miners as well. Report mac rent this report mac and rioreeportmcmoran down as well. Other sectors mitigating those losses. The s p pulling back. The nasdaq down the most of the three, but by a smaller margin than in recent days. There are groups mitigating the declines. One of them is health care. Health care higher today. Regeneron has been gaining steam in particular. Stocks fell initially today after novartis said a potential blockbuster its developing to treat v
Technical difficulties. I feel very oprah. We are seeing Oil Prices Fall back 7 over the past five sessions. Oil has fallen for four of the past five days. The excuse appears to be increased production out of libya. Its the ongoing for a mentals of oil and fundamentals of oil and technical factors and levels helping send oil down. Oil is now down 20 from its highs of the year. Its not just oil that is falling. We are seeing copper also decline for the sixth session in seven. Copper down 1 today. Its pulling down some of the miners as well. Report mac rent this report mac and rioreeportmcmoran down as well. Other sectors mitigating those losses. The s p pulling back. The nasdaq down the most of the three, but by a smaller margin than in recent days. There are groups mitigating the declines. One of them is health care. Health care higher today. Regeneron has been gaining steam in particular. Stocks fell initially today after novartis said a potential blockbuster its developing to treat v