200 people around. And stocks open higher as u. S. Futures point to the green with the weaker than expected jobs reports boosts bets that the fed could cut Interest Rates soon. Atos shares receive restructuring offers. It will decide among the three offers. And xi jinping touches down in paris on the first leg of his European Tour with Emmanuel Macron set to get support for ukraine. Welcome to street signs. We open with breaking news on eurozone pmi. It was coming in at 51. 7. The flash read at 51. 4. We get the services pmi coming in at 53. 3. That was another upside surprise. The flash of 52. 9. It shows expansion in both areas with the eurozone. This follows the surprise when it comes to french pmi. Swinging from the forecast of 49. 9 which is in contraction and moving into expansion at 50. 5. Getting Italian Services pmi. Three surprises with pmi. Eurozone pmi surprising to the upside with composite and services. Moving on to the big story over the weekend. Warren buffett has used
Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle the top stories this hour, asian stocks set for early gains with the best threeday rally since november on bets of fed rate cut this year is still on the cards. Australias reserve bank looking set for a hawkish hold. Haidi and anz with a buyback is the first time i earnings miss estimates. We speak with the group ceo, Shane Elliott. Annabelle israel rejects the ceasefire plan backed by hamas. We check on how u. S. Futures are coming online this morning. We just come off the best threeday rally for stocks going back to november of last year. The s p 500 pushed above its 50 Day Moving Average in the prior session. It all comes down to a Solid Earnings season that has been driving optimisms and expectations at the fed will cut rates later this year. We heard from the citadel ceo about this. Take a listen. There likely there still question of will inflation accelerating up by then. Deglobalizat
Another good day. Train to mergers and acquisitions at the stock rally they are, to put the ftse up dramatically with the cac down. Lauren and chinas shanghai composite of 1 . Trailing to the u. S. Confirming north korea was the mastermind behind the largest cyberattack in his right causing billions of dollars in damages. Fbn am starts right now. Lauren good morning. 5 01 a. M. In new york. And lauren simonetti. Gerri i gerri willis in for cheryl casone. Its good to be here as always. A busy week. Details of the tragedy on the rails and speed could be a dirt. At least three people died after an amtrak train derailed near seattle yesterday sought the tacoma sydney trading price tumbling down to an interstate highway below. More than 70 people taken to area hospitals with nearly everybody on the train. The safety board now says data recorder shows the train was traveling 80 Miles Per Hour in a 30mile per hour zone at the ntsb cautions the cause of the derailment still unknown. We will be
Im seema mody im dominic chu we are seeing green this morning, a nice reversal from yesterday. The s p is latslated to open 1 points to the upside the dow slated to open up about 130 points, the nasdaq by 35 also checking in on whats happening with the tenyear, 2. 8 4 we see 2. 835 the last trade of the tenyear a key piece of inflation data out today, the Consumer Price index could have an effect on that bond market lets check the temperature overseas in asia stocks are relatively higher with japan being once again the exception. Thats on the back of a rising yen which is at a 15month high against the u. S. Dollar. We also got data out overnight in japan, growing at a pace of 0. 5 last quarter, thats slower than expected, but still its eighth consecutive quarter of growth hang seng, shanghai composite and kospi seeing gains of 1. 2 the hang seng helped by tencent shares a lot of these tech names in asia that sold off last week did rebound overnight. Eurozone gdp hitting the tape, up 0.
We have somebody here who can give us icnsight into all of tha dow futures look to be down 35 points part of what happened in the market was because of tenyear yields topping 2. 96 right now the tenyear is at 2. 926 the 2year at 2. 2 26 . In asia, the nikkei off by 1 . Shanghai is up about 2 . In europe, the early trading there, the stock markets there are mostly in the red. Dax is off by 0. 8 ftse is down by almost 1 . Barclays shares are up sharply despite the uk Bank Reporting a big drop in 2017 profits. Barclays says it lost 2 2. 7 billion once again why would that happen . Yep. They its accounting for the u. S. Tax overhaul. But also a weaker dollar there were some bright spots Barclays Says its pretax profits rose 10 customer deposits were up and its doubling its didividend. Jeff staley says he is optimistic about the future. There are a number of tailwinds. During the next year and half we will be retiring a lot of debt Interest Rates are in a much better position than they were