Im sara eisen along with Michael Santoli who is generously sitting in with wilfred frost who is also with us this morning, reporting live from london. Covering this weekends terror attack. Well have more from him in just a moment. First, lets check in on the Global Markets this morning. After u. S. Stocks made another move yesterday. They got a 1 gain or so for the week on stp. 1. 5 0 for the nasdaq. We start in the red just barrel. Dow futures down 6, nasdaq down 2. 5. S p futures down 1. 5 points. I want to show you crude oil prices which are rising still higher after saudi arabia, bahrain and the United Arab Emirates along with yemen all cut ties with qatar. Those countries are accusing qatar of meddling in their internal affairs and backing terrorism, increasing concerns about supply disruptions. Were now seeing 0. 8 move higher on wti surpassing 48 a barrel. The stock index dropping sharply, 7. 5 . Well take you to dubai for an explanation and more on the Market Reaction in just a
Worldwide exchange. On a monday. Opposite sara eisen alongside mike santoli. Good morning. Happy holidays. Last week 2016 all week playing the top songs of the year. Might be the first time i hear some of them. I have to admit. So sad. We are all over the trending music here on Worldwide Exchange. Lets check in on the Global Markets first thing this morning. Lets take a look. We have a futures i think trading pretty quietly just below, slight lie below fair value on the s p, the dow. The dow still within hailing distance of the 20,000 mark. Made a near approach last week but flattened out. Seven straight weeks in a row. Take a look at the bond market what its doing this morning. Or do we have Global Markets the ten year trying to come up here. But youre right. 13 points away. Just 13 points away. We calculated few cents on each dow but never got there. Ten year note yield somewhat higher. 256. We may the high on the yield on the 15th of december about 2. 6 and hovered right there as we
Have data points pointing at clients and investors being more optimists and ready to be constructive about the situation. They are really looking for concrete actions by the new administration in the u. S. Bts head of Continental Europe steps down amid via italian accounting scandal but the companys ceo says the situation is under control. Time to raise a glass as lvmh posts record fullyear profit and sales lifting the stock towards alltime highs spurring gains throughout the sector. Good morning. Welcome to street signs on the last trading day of the week. Enough earnings optimism this morning but thats not enough to lift the overall stoxx 600. We are looking at a bit of weakness across the overall heat map today. The broader index lower by 0. 3 . Yesterday the dow jones hit yet another record high stateside. The s p 500 and the nasdaq pairing off their own intraday record highs. In europe, investors are digesting a fresh round of earnings and m a activity. Lets see how that is carryi
Guns, a significant improvement from the february number, that is that pmi data the one more looked at . 51. 8 is a good number. The last time we were this high , higher than 51 point eight, so a near fiveyear high for the manufacturing index. It points to the moderate increase in manufacturing sentiment. In february, 51. 8 now in march, 51. 3 in january. It backs up the early indicators , satellite manufacturing index, 51. 8. Rishaad it is strange how this nonofficial data tracks. It is actually backing up the state numbers. Yes, they may be accurate. It is from the National Bureau of statistics. In march, the numbers in the pmi upwards because of the distortions from the Lunar New Year holiday. Aberration, but a positive sign for authorities trying to put some stability into this economy. Were speaking to some clever people at the Credit Suisse conference. What is the general consensus of where the chinese economy goes from here . Is it all being managed . Again, its not the most exc
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin