Again as it opens an investigation into one of apples most critical suppliers. Details ahead. Plus we go back to the picket line as Hollywood Studios return to negotiations with actors this week to end the monthslong strike. But first, i check in on those markets, and boy, has there been some volatility, particularly in treasuries. Whats the read across here . Theres been tremendous volatility at the surface level, so much so, lets start beneath the surface. If we had been looking at this board an hour and a half ago, there would have been at least some red on it. But it flipped to the upside. Microsoft and meta, two of the mega cap companies. That are reporting this week. Microsoft tomorrow, and meta on wednesday. A big piece of this turnaround for sure from a micro standpoint. For microsoft, one of the keys could be their outlook for azure, the Cloud Business that was disappointing. Plus color on a. I. , for meta, its all about whether or not they can maintain mid teens growth. That
Softbank swings to a loss of 60 billion yen, but still returns to profit on the group level. Israel orders more residents to evacuate from rafah as the death toll in gaza tops 35,000 u. S. Secretary of state Antony Blinken saying washington needs more clarity on the strategy we havent decided what happens after the war ends right now, the trajectory that israel is on is that if it goes in and takes heavy action, there will still be thousands of hamas left welcome to monday morning street signs. Its been an hour since the markets have opened. We are seeing gains marginally we still have the earnings front and data and key is the u. S. Inflation print later on this week just to note, investors keeping an eye on that with travel and leisure stocks picking up 0. 5 most of the sectors managing to find green positivity is what you get from the overall market picture we will zone in on the sectors now. This is what you are getting from the boards. This is where you see the gains. The ftse 100
Still below 490. Up by about four or five basis points on the day. Risk appetite hitting bitcoin, moving lower. Under the 61,000 level. Down about 2. 8 . Lets talk about some midday movers. Yelp shares are struggling after unadjusted guidance for the full year. Macro headwinds for restaurants and growing competition from delivery platforms can pressure revenue. That is according to analysts at jefferies. Yelp shares down. 4 . Boosted samestore Sales Forecast for the full year. Analyst were positive on the upgrade, highlighting improved margins and profitability as its strategy gathers pace. Sweet green soaring higher than 35 . Ziegler has began trading. More than 30 on the day. We will talk about them later this hour. The dallas fed president says it is too early to think about cutting rates. I need to see some of those uncertainties resolved about the path we are headed and we need to remain flexible to policy and continued to look at data coming in and watch how financial conditions
We have a longerterm horizon and take them independently than any other sicycle. Iag is marking an operating profit for the First Quarter and marking a busy summer season. And Prime Minister Benjamin Netanyahu vows to stand alone ifness pushing back against a warning by President Biden not to invade rafah. If we have to, we will fight with our fingernails and with gods lhelp, we will win together good morning you can see a mostly green day for the european markets not as busy of an earnings day of course, were coming off the bank of england decision to hold rates steady governor Andrew Bailey striking a dovish tone. The stoxx 600 is up over. 50 . On pace for a sixday winning streak the markets started off mixed and then the markets moved higher after the decision. Stocks on pace for the sixday win streak right now lets go to the boards the ftse 100 here is up o over. 50 . Hitting a fresh record high. A quiet day for earnings iag is boosting that index the dax is up almost. 75 . Take a
Guy it is a decent bounce. We are 1. 9 higher now. I think it is useful to park that and focus on what is happening with single stocks. The bond market is more instructive, particularly at the european bond market. You have seen a move lower in yields in the United States. You have chinese stimulus talk floating around as well. There is a sense the fed is done and that that should imply yields lower as well. The yield move is risk off related to what is happening in israel. You are seeing it in various sectors. That is a straight yields down kind of proxy play. The big news out of europe has yet to come. Lvmh will report Sales Revenue later this hour. I think it will be instructive. That is a key stock in a key sector that will be reporting big numbers and tell us a lot about what is happening with the Global Economy and consumer spending. Watch out for that. I think we will get it about 49 minutes past the hour. Alix in the u. S. , s p up about. 7 . Pepsico had earnings out this morni