Shares fall as a grocer misses profit expectations but the ceo says that the integration of its merger remains on track. Good morning, everyone it is wednesday, and it seems Global Markets hit by risk aversion coming from tensions between the north korea and u. S and evinvestors are taking money off the table when it it comes to equities. Were off by roughly half of 1 . But were seeing save haven flows into the yen, treasuries and gold well get to those first though want to show you what is happening with the european markets one by one. Ftse 100 off by 1 , xetra dax following by 0. 8 and the cac 40 off by a similar percentage. Weearnings to get through, but sector sector first. Basic resources managing to eek out a small gain 0. 1 along with real estate. Rest of the sectors are deeply in the red and obviously it all comes back down to this news, north korea says it is examining plans for a missile strike on the u. S. Pacific territory of guam. The latest threat comes just hours after
Interesting. We saw a lot of volatility after thoses 00 p. M. 2 00 p. M. Minutes. And youll rose. In the equity, really a push and pull with equity and banks. You had the bank index at one point up the most since march. This started way before the minutes even came out. You saw the yield curve deepening slightly today, so if you have higher yields, basically better interest margins, and that helps banks, and within the s p, you had goldman and jpmorgan adding Something Like 36 points to the dow, so really helping to offset losses,es, and the guys, came from retail. It was truly an ugly day, target and the retail etf dragging lower. Target down the most since 2008. It is like a repeat of last week. Joe ok, ethical look at what happened in the Government Bond market. Putting june on the table as a possibility for a rate hike, increases in rates across the board, the twyear yield up, the 10year yield up, and lets talk about the spread between those two security levels, because we have bee
Louis fed president. Said officials continuing to talk up a rate increase as early as june or july. A look at what it means for stocks from a top strategist. Desk head to the markets where julie hyman has the latest. The markets are lacking a clear direction today. Julie treading water is the phrase that comes to mind here. We are not seeing too much change whatsoever in the major averages right now. The s p 500 is betting unchanged on a percentage basis. The nasdaq gaining a little bit of traction as investors are following the perception about thated really emphasizing june is on the table for a rate increase. They are now awaiting a host of Economic Data coming out this week. They will have to wait for numbers on new home sales and durable goods. Take a look at the bloomberg for the groups on the move here. As you might expect, it is evenly divided between red and green on your screen at the moment. Materials gaining some traction, as is tech, which explains the outperformance of th
That has been seeing some pretty wild swings. Analysts saying we are seeing a little bit of profit taking when it comes to japanese markets. Uncertainty over how long this rally can last. Having said that, malaysia is in the green after early declines. Kong stocks extending gains as trading gets underway, up by 6 10 of 1 . Singapore in the red. The disappointing numbers, domestic exports dropping close to 10 , far worse than what we expected. The oil and gas space is suffering the most today. One andtor is down by 7 10 of 1 . The asiapacific gauge down by 3 10 of 1 . We spoke about some of the biggest movers today. Softbank is moving up for a second day. Exuberance,of that the Share Buyback plan. We talked about woodside. Dominos pizza, better than expected results. That is one of the movers to the upside in sydney. The peoples bank of china weakening by the most since january 7, so we are seeing some weakness when it comes to growth on short and offshore. This is the offshore yen. Wea
Apparently, have been shot down. Shot down, not an accident, blown out of the sky. Ukraine putting the blame squarely on russia, releasing recordings they prove pro russian separatists fired the fatal missile. Russian president Vladimir Putin blamed kiev. The state over which this happened is clearly responsible for the tragedy. Reports suggest a second black box has been recovered from the wreckage. A soldier, 111 palestinians reportedly dead as israel launches its ground offensive in gaza. Prime minister Benjamin Netanyahu is due to give a statement shortly. Equities remain cautious as stocks trade lower, but the safe haven begins to unwind. Seoul loses ground. Youre watching worldwide exchange. Bringing you business new from around the globe. Welcome to worldwide exchange. Lets get straight to our top story. 290 people are dead after a malaysian airplane crashed in ukraine. Russian president Vladimir Putin plames ukraines government for the disaster. Translator the state over which