But the s p 500 is about 3000. When we close above 3000, up. 6 , plenty of groups rallying on earnings, Morgan Stanley up 3. 5 , closing out the major banks with an excellent set of results. We have the rails rallying, and we will talk about that later on with fritz. The 10 year yield, 1. 76 . Curious about what is happening in britain, guy. Guy the deal we have in brussels is not a deal we have in belfast, so you can see this on the sterling chart. We got a deal, it was announced, sterling rockets up towards 1. 30 . Isn it is clear that the dup not going to vote for it once again, so the pound comes crashing back down, which at 1. 2838 is up on the week, but it has been a roller coaster ride. The negative pound is helping the ftse 100 out and the ftse 250 is positive on the day, an earnings story, and the dax is up by. 3 . What happened in brussels is certainly the big story of the day. Vonnie Boris Johnson has secured a deal, legal text with the European Union is now published, but h
Annabelle we are counting down to the major market opens. Shery the top stories is our. Investors get back raise the budget deficit as it changes growth targets. Fourth consecutive decline in orderly revenue amid weak demand. We start you off with breaking news. We are getting the goods trade surplus widening. The account surplus widened to 4. 81 billion. We are expecting some gains. Customs data remained wide. The trade surplus widening. Annabelle numbers that could be quite supportive. Essentially we have preliminary earnings to see the fourth straight revenue drop. Yesterday a session is just getting going. Reasons for that are the pull back. Lower yields builds into a softer dollar. We see that big bounce in the Golden Dragon index. Shery we sell u. S. Stocks and bonds graining ground. The s p 500 with a technical rebound. We are not seeing much change in the early. Were watching treasury futures at the moment, treasuries rising. Continue to watch those numbers that will come out o
With a three handle. A shutdown possibly this weekend. Shares of nike are rallying despite the first revenue miss. The company saying that it sees resilient up canner both here in the u. S. And in china. And the street now braces for a potential Government Shutdown as soon as tomorrow night. Meantime we knew pce was going to be the tent pole data point of the week and some relief we got. Yeah, people leaning towards the idea that it would be a relatively softer number based on some of the clues going into it. As expected, we spoke around the close yesterday, i said that were going to be allowed to mark our fear to reality here. Because it has been all about, wait, what is going on with the messy selloff. It seems upnanchored and a life of its own. And yesterday gdp revision, today pce inflation number. So we have the economy we more or less thought we had. Getting a bit of a bid in stocks. It is all coming together almost a little too crypted. Maybe last day of the quarter. You have ha
Equities for the second half of the year. Stock Market Investors are having to deal with a few bumps during the First Six Months and while volatility is low for now, there are a host of reasons why it could pick up. First, the greek debt situation has now gotten bad enough to spark Global Market concerns. Stoc across europe and asia have caused big swings which could cause a voter referendum in greece on whether to stay part of the euro currency. However, many experts believe the u. S. Will remain rather eninsud from the worries there. The next one is the fed whether they will raise Interest Rates. Look for that kind of uncertai continue. And then theres corporate profits. S showing signs of slowing. They expect a decline for the Third Quarter and u. S. Stock markets have not seen a pull back since 2011. Those are a few sparks to a fresh downside move in the second half of the year. For nightly busine im dominic chu. As dominic just said investors will be watching corporate profits ver
Equities for the second half of the year. Stock Market Investors are having to deal with a few bumps during the First Six Months and while volatility is low for now, there are a host of reasons why it could pick up. First, the greek debt situation has now gotten bad enough to spark Global Market concerns. Stoc across europe and asia have caused big swings which could cause a voter referendum in greece on whether to stay part of the euro currency. However, many experts believe the u. S. Will remain rather eninsud from the worries there. The next one is the fed whether they will raise Interest Rates. Look for that kind of uncertai continue. And then theres corporate profits. S showing signs of slowing. They expect a decline for the Third Quarter and u. S. Stock markets have not seen a pull back since 2011. Those are a few sparks to a fresh downside move in the second half of the year. For nightly busine im dominic chu. As dominic just said investors will be watching corporate profits ver