In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c
Two years. And signing on to the dotted line airbus, pnb paribas edge closer to finalizing deals in china as president macrons trade Mission Begins to bear fruit good morning lets look at some of the Market Action in europe, a lot more green on the board than red the stoxx 600 is up almost a third of a percent significant gains there in a number of different businesses lets look first at the specific markets across the continent the ftse, xetra dax, cac and ftse mib in positive territory the ftse up a third of a percent. The cac up 0. 4 . And the ftse mib up a half percent. The xetra dax slightly further fwrak i back from its peers. Real estate is the only one not in the green so far. Good numbers for basic resources as well as construction. That could be on the back of strong housing Numbers Technology also doing well, as well as industrials. Lets talk about some specific news driving action in asia, where north and south korea just finished their first set of sitdown talks in more th
Im seema mody in for sara eisen. Good morning. The big story that has everyone buzzing, alabamas dramatic overtile win ovove overtime win in georgia. More on that story coming up but congratulations to them. Commiserations to the losing side first, lets get back to the market picture we did have plenty of record highs intraday yesterday but not all record closes. The dow did close slightly lower for the day. The s p and the nasdaq were slightly higher. The nasdaq led the charge, up 0. 3 gains were slight but they were broad, 9 out of 11 s p sectors were higher. Utilities were the best performing of them and that highlights the boring fle ing n the outperformance tenyear treasury note for you, yields rose yesterday as they were towards the end of last week we have crossed 2. 5 the elusive barrier out of the 2. 4s 2. 5 bangon this morning the shorter end of the curve has been rising fast yields up which supported the dollar but the shorter end leading the charge higher. In asia, mostly p
Points overnight in asia, the nikkei hitting 26year highs during the trading session. Market ended up by over a half percentage point to 23,849 in europe this morning green arrows there the dax up is up by 0. 2 in france, the cac is up the ftse up over 0. 1 . Yesterday the yield on the treasury closing at 2. 48 . This morning the tenyear is yielding all the way up, almost 2. 496 stocks to watch today. Samsung is forecasting a 64 rise in Fourth Quarter profits on continued demand for memory chips but that guidance is below analyst estimates. The strong yuan and yearend bonuses hit results. Samsung will report detailed earnings at the end of the month. Shares of altice are higher after the Company Announced plans to spin off u. S. Operations the Telecom Provider will pay a 1. 5 billion Cash Dividend prior to separation and launch a 2 billion buyback of u. S. Shares after the spinoff. British American Tobacco says the new u. S. Tax rules will boost earnings by 6 in 2018 the changes will a
Home builder shares slide as Taylor Wimpey expects 2017 results to be in line with expectations some of the worlds biggest Bond Investors sound the alarm bill gross and Jeffrey Gundlach say levels on u. S. Treasury yields indicate the start of a bear market. And emmbeijing will order 14 airbus aircraft. Good morning were about an hour into the trading session. The handover from asia was mixed. Most of the indices traded softer some people say thats on the back of the rise in yields in the u. S. Maybe this is the beginning of a bond bear market and that could have implication for equities from here. The picture for europe is gloomy this morning stoxx 600 trading about 0. 2 weaker on the first hour of trading. The ftse is inching into the green. Ftse 10 0, a slew of earnings out of retailers this morning. We did have strong results out of ted baker and decent results out of sainsburys banks are up almost 1 Deutsche Bank having a very good day today. Up more than the 20. 2 travel and leis