This continued contraction for this month prior, we were on pace for the fastest pace of contraction in six years since june 2009. Lets take a look at what is happening in the markets in the s p 500ction to is down 9 10 of a percent. Similarly the nasdaq is down around the same amount. Now eight to triple digit change in a row. Of the last 16 sessions, we see a lot of villa tilde t a lot of volatility there. I want to show you what is happening in terms of the s p and Sector Health right now. Nine of the 10 s p sectors are in the red. Down by more than two per 2. 7 there. Minorly in the green. Energy. Down by 5 , and definitely breaking four days in a row last tuesday through friday. Take a look at what is happening with those, first off in gold. We do expect gold will rise and that is what we are seeing right now. Up 1100 for rounds per ounce. We expect the yield would be going down. Down play down by. 4 . We see this sharp plunge down. Yen andthe u. S. Dollar losing strength against
We have less than an hour until the close of trading. Lets go to the breaking news desk where scarlet fu is looking at the action on the street. Scarlet the action was concentrated in the moment morning. There is some drama that has given way to a quiet afternoon. A sharp drop, and a recovery. We reached session highs about 90 minutes ago. We have since been drifting lower. The morning did feature disappointing economic data. An unexpected drop in Consumer Confidence for one, and another month of contraction in the richmond manufacturing. All of this is as the fed began a twoday meeting that concludes tomorrow. Right around the time the data came out, there was report that irans military seized a u. S. Cargo trip. The pentagon denied the report saying the ship fired upon was flying a Marshall Islands flag. Treasuries did fall with yields currently at session highs. You can see right there, the 10year at 1. 89 . The dollar weaker as well as we head into the final hour of trading. Matt t
Shares of bilfinger in the red after delivering its fifth profit warning while tapping a new ceo. Facebook fails to find a friend and the stronger dollar as it posts the slowest Revenue Growth in two years and warns from a hit from the green back in the Second Quarter. Lets get to the pmi data for april right away. Came in at 53. 5 versus 54 the month of march and versus 54. 4 in the forecast so this is slightly below expectations and this follows the french and the german numbers which were also a little bit disappointing. Growth seems to be losing some steam in the euro zone. If we take a look at the manufacturing pmi for the month of april, the flash number 51. 9 versus 52. 2 in the month of march. Now that is also below forecast. Were looking for a print of 52. 6. Last but not least i do want to bring you the services pmi. The flash for the month of april, 53. 7. Once again, that is below forecast. Lets get some instant reaction to these numbers with the chief european economist. A
After a wave of consolidation we break down the results from two of the key players. Mark will the drama pay . Itv reports. We see if the numbers are as big a hit with investors as Downton Abbey is with global viewers. Welcome to countdown, i am mark barton. Anna i am an edwards. On a edwards anna edwards. Stay with us for the bloomberg exclusive with megaupload founder. Mark the markets moving in asia and stocks under pressure as the global selloff continues. Weve seen 400 billion over the past three weeks. Lets start off with the stock market. Lets start off with the stock market. Were basically seeing a decline across the regional benchmark. In japan we are down 1 and the yen is a little bit stronger down 7 10 of 1 . One of the stories right now is asia with a very weak retail sales number in the u. S. To some extent, investors started to book those profits in japan. Australia was down because of the banks and the big mining stocks. That is up. 5 . That market hasnt really done anyt
Your session hous lows. As we settle a little bit here. The s p off, but no industry is doing as badly as the dow jones. We will be talking to individual stocks but not a good way to end the trading. Lori it has been a tough couple of days with all of the nonsense and the fiscal cliff. We will get that in detail on this Christmas Eve. Lets zero in on the Semiconductor Names among the worst performers today with the semi etf seeing a move to the downside. Including intel, Texas Instruments and farm holdings. David the whole energy sector, names like chevron, marathon, all posting losses today. Lori retailers themselves were not all in on the holiday spirit on this Christmas Eve trading day. Back in eagle, staples among the biggest losers in the sector. David those idiots inside the beltway cannot seem to get it figured out. Dont expect one anytime soon. Lawmakers are gone for the holiday, so does the white house even want a deal by the new year, or automatic tax hikes what they want in