On a good trajectory, so they can look past individual pieces of data to move forward. Thats broadly a better approach than just responding to every bump and wiggle in the data. I got news this mess and i will get us out of it says uk Prime Minister theresa may as she prepares to meet dup leader Arlene Foster in a bid to secure her parliamentary majority good morning it is tuesday, lets have a look at the stoxx 600 this morning. We are broadly higher to the tune of half of a percent. Merely shrugging off some of the renewed declines in tech stocks. All sectors in the green apart from telecoms. Yesterday the stoxx 600 European Equity market was down by 1 tech was the drag, pretty much mirroring what happened on the nasdaq most of the sectors are in the green. And youll see that all of them are now in the green technology, banks and real estate leading tech stocks up by 1. 2 yesterday we saw some apple suppliers falling and food and beverages telecoms, some of the relative underperformer
Sliding along with the u. S. Dollar. The u. S. Dollar is at a fivemonth low because of the interview President Trump gave setting the dollar is getting too strong, and i like low Interest Rates. Well talk much more about this. The dollar is stronger now against the euro. 1. 06 against the euro. Weaker against the yen. 108 yen for the dollar. On todays mick ageeconomic, look for reports on weekly jobless claims Producer Prices and consumer sentiment. Markets are closed tomorrow for good friday. But its not a federal holiday. So the government will release data on retail sales, Consumer Prices and business inventories. Ill roll up to my office in my house, report the news on my video camera. The banks will officially kick off earnings season this morning with results from jpmorgan, citi group, wells fargo, and pnc financial. Wi Berkshire Hathaway is selling 9 million shares from its stake in wells fargo. Berkshire says the sale is not tied to the banks sales scandal. It is selling the sh
Restructuring and lowering guidance. Shares of valeant are down sharply this after an earnings miss and sharply lower guidance. Well give you the latest on the stress theyre feeling over at valeant. And the viacom saga continues. A hearing is taking place right now in massachusetts. Weve got the details. But first up, futures rising a day after comments from janet yellen propelled the s p to its highest level of the year. The fed chair expressing optimism about the economy and said she sees rate hikes ahead but gave no timetable for a tightening. If incoming data are consistent with labor Market Conditions strengthening and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. She did call the jobs number concerning, disappointing, raising questions. Feds going to wrestle with it and drop that phrase in the months ahead. Right. Well,