The 10 year yield going in the other direction. A little bit of a lift in yields. 457 on the day. We will keep our eyes on that. There was a bit of a messy auction people had looked forward to. A lot of dynamics going on under the bond market. Midday movers. We will look at shares of rent the runway. It reported fourthquarter revenue and topped average analyst estimates. The for your outlook was mixed relative to wall streets expectations. Shares slid 90 in the past year through wednesdays close. We are looking at a stunning gain in that stock. Alphabet shares are climbing as investors are becoming more optimistic about its ai strategy. The companys market cap inching closer to the 2 trillion mark. Nvidia, microsoft, and apple are the only other companies that hit that milestone. Back to the economy. That is driving the story. The Producer Price index increased by the most in 11 months in march. Still below wall street estimates. We will discuss how it impacts the feds Interest Rate pa
Kriti good morning and welcome to daybreak europe. Im kriti gupta in london. U. S. Core cpi rose in august for the First Time Since february thanks to gasoline prices leaving the door open for even more hawkish Federal Reserve. Plus, it is decision day. Will the ecb hike or hold . Traders are betting on a 25 basis rate point hike amid sticky inflation worries. The nasdaq debut. It is the biggest listing of 2023. U. K. Based arm is set to start trading today, priced at 51 a share. What does that do to the macro . It is not the arm story driving it but it goes back to the ecb. It is a narrative when you look at futures trading. You are starting susie green to see green on the screen is silly for euro stoxx futures. You are talking about a hawkish ecb in theory and the stock market in europe should take a little bit of a hit. That is not what is being priced in right now. The question is if we see the 25 basis point hike again, one hike to for that some might argue. Does that mean it is p
Live. A commodities crunch. Metals and oils we on asian markets. Lets look into european trade. Of 570expects charges million euros. The ceo will unveil new financial targets very shortly. Are less than half an hour away from the open. Lets take a look at the equity index futures. Pointing down on the continent and substantial drops for futures, more than. 51 each. The ftse futures are all changed yields heading down, 33. 5. Guy mark carney is talking about stress tests, lets listen to what he has to say. No take needs to strengthen its Capital Position as a result. Informed by the stress tests and risk analysis we judge the Banking System can continue to support the real economy even in the unlikely event of a disorderly brexit. At the same time, we have identified a series of actions the public authorities and private Financial Institutions need to take to mitigate some major crosscutting Financial Stability risks associated with leaving the European Union. Irst scenario assesses str
Palestinians have taken to the streets israel has welcomed the move will be live in jerusalem and washington also coming up a senior volkswagen executive gets seven years in a u. S. Prison for his role in the diesel emissions cheating scandal. Russias Vladimir Putin says he will run for a fourth president ial term next year if he wins which he is likely to be in power until twenty twenty four. Also coming up in greece whirls out the red carpet for rest up tie up ever the one he is the first turkish head of state to visit greece in sixty five years could the visit improve the frosty relations between the two neighbors. And the slow road to recovery we meet the people trying to rebuild their homes and communities and domenico more than two months after Hurricane Maria. Im same its almost comical to have you with us theres widespread condemnation today of president Donald Trumps decision to recognize jerusalem as the capital of israel the United Nations Security Council will hold an emerg
Fixed, i will leave it this way. All right. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business. It was impossible not to learn about it. Between my grandfather and my father, they were both passionate investors, and they both loved the idea of building a business that focused on taking care of its customers. And i always wanted to be involved with it. But of course, when you are young, you do not know where life is going to take you. David your grandfather started