Could be worth 4 billion. And a santa rally is under way before he sets off on his Global Delivery round. Happy Christmas Eve, everyone. Many of the markets here in europe are already closed such as the italian, swiss and fwerman ones, but there are a km markets still trading at least until around noon, 1 00. Were seeing a little green on the charts. The cac 40 up by 0. 3 and the ftse 100 is seeing similar gains. European markets trading close to a threeweek high. This is on the back of some m a activity that we saw in the european markets yesterday but also the cheer given that we see those record highs in the u. S. Trading session. In terms of some of the sectors, travel, leisure, media outperforming, we have no sector in the red today, but in terms of the relative underperformers, were seeing technology and basic resources in terms of the on the lower part of the ledger, technology saw nice gains in yesterdays trading session arm being one of the better performances. Apple, kind of
S p climbing. 6 . These are the two most vital groups to any advance because frankly theyre the classic leaders of any advance. Theres so many Financial Institutions out there, so many Tech Companies involved in semi conductors, communication, big data. True hardware plays that its really difficult to crush the entire market when these two groups are going strong. Sometimes it helps to analyze the market as though its made up of a series of neighborhoods. Right now the socs and financial eotf are fantastic neighborhoods with sharply rising property values. When you look at the market this way its easy to see why a bad house in a terrific neighborhood can be much better than the best house in soso neighborhoods. Consider two stocks. Citigroup and intel. Two stocks that seem pretty hopeless before the feds announcement yesterday which some interpreted as indicating that the relatively imminent end of the federal reserves Bond Buying Program is upon us. Then of course a rapid return to ra
Both sides in this conflict are criticizing the United States. Yousuf gamal eldin joins us from cairo with the latest. We have been hearing about the escalating numbers of those who have been injured and killed in the situation. It sounds like it is getting much more tense. Absolutely, becky. A lot of tension this morning here in downtown cairo as the Muslim Brotherhood calls for a million man march, basically, for their supporters to take up arms, to step up against Security Forces. Now, we have seen military activity as well in the morning, even though the curfew is over. Tanks have taken up position right below us. Four of them at least. And theyre blocking basically access road to Tahrir Square. The epicenter of the political changes we have seen in egypt over the last two or three years or so. Very symbolic part of the city, which they are now cordoning off, basically in anticipation of these large protests. We are currently hearing the preparations for friday prayers. Theyre abou
E. On looking at earnings. And release of unemployment and wage growth data in the next 30 minutes. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Lets have a look at how the markets are trading. The stoxx europe 600 index, higher by around 0. 4 . Were pretty much range bound and recovering from the steep losses that weve seen over st the last two weeks. We did get a couple of earnings reports out this morning, which were modestly positive. E. On being one of them. The ftse 100 a little cautious ahead of the boe report, the wage data. Well get do that in 30 minutes type. The xetra dax, up by 0. 8 . A lot of focus on the Renewables Business and the ftse mib in italy trending higher around 0. 6 . Lets have a look at the currency markets where the euro dollar is not too far away from the ninemonth low. Down by 0. 1 . Dollar seeing a rebound against the japanese yen. The yen taking that dismal Second Quarter gdp number
Lenovos smartphone strategy is paying off. They deliver a jump in profit as its new hand set business offsets personal computer sales. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. You are watching worldwide exchange. We are just modestly lower, around 0. 2 . It is gdp day and the data we got out specifically this morning for germany and france, that was definitely disappointing. The recovery is losing steam. Lets have a look at the markets one by one and see how theyre responding to the data. The xetra dax is down by 0. 1 . Rew blaming its Renewable Energy subsidies for that big decline. The cac 40 is off by 0. 5 . The ftse 100 outperforming this morning by roughly six points or 0. 1 . Lets get to some of the top spots were watching for you this morning. Balfour beatty up 1. 9 . Carillion says it is confident on the new approach which would pay shareholders an additional Cash Dividend of 8. 5 pence a share. Rwes