We are under 30 minutes away from the end of the monday session. Stocks are rising shrugging off the news out of germany today that Coalition Talks have collapsed. Investors overlooking that. They think the German Economy will continue to perform. On euro was lower by. 6 news of the collapse of talks in asian trading. It then rose by the fifth of 1 . Other options include a minority government option gauges pointing to a longlasting effect of the german news. We are seeing yields declined today. Commodities and cdf. Crude hit a record and futures highs in theyear last couple of weeks. Hedge funds are pulling back with the sense that the rally has reached its limit. Middle east tensions taking a uncertainty looming over saudi arabias choice to extend opec production cuts. Just below 540,000 contracts in the weekend of november. The swissuro enabling bank to exceed its target for growth in new money for the first 10 months of the year. 17 ts under management rose at 393 billion swiss fra
From the end of the tuesday session. Stocks are rising today. Greece, luxembourg, norway, germany, all gaining. His are the currencies gaining against the dollar. We are seeing bond yields declining. Today. Shares jumping 6 easyjet predicting a gain in prices this winter after earlier forecasting had drops to the collapse arrivals as it moved some of its capacity in its biggest market. Pretax profit the year ending september 30, back in line with the guidance given in october. The glut of seating in european markets, easyjet shares rising. Itss recommending shareholders not to accept an offer from finish utility fordham. Its is the price just over 8 billion euros does not reflect the german utilitys true value. It would be the biggest acquisition in five years, and fordhams biggest acquisition ever. It would trickle triple their adding one of europes biggest trading applications to their own activities and expanding assets into the u. K. Unit per up 7 10 of 1 . Moving on to turkey, whi
Function. Current is gaining against the dollar, including the pound. Currency gaining against the dollar, including the pound. Hammond sees growth next year at 1. 4 compared with an earlier estimate of 1. 6 as a result of revised productivity data and headwind by the brexit vote. Deficit will be 35 39 it compared with the previous forecast. Peaks of earlier this month. Highest near its dilation since april of 2015 versus the stoxx 600. Dax is rebounding from backtoback weekly declines as a lower euro boost its exports. Germany, the relents flattening of the u. S. Yield curve this year has creative a dynamic in the global money market and seen in years with the extra yield investors get for purchasing job german tenyear boom is is 106 basis points, 48 points higher than they got from buying 10 year treasuries instead of twoyear notes. That is the blue line, the most positive gap from the two curves means addinghich duration in germany looks relatively cheap even if absolute yields are
We will hear from Lloyd Blankfein and others, coming up on the european close. Have a look at where european equities are trading today. This is the chart we want, global macro movers. Equities, currencies, bonds, commodities, mix today, as you can see. Technology stocks sunk yesterday down for down from 2. 8 , mirroring what happened in the u. S. Not falling as much today. I slant is lower, luxembourg and denmark are higher. Lower,andi is luxembourg and denmark are higher. Sovereign bond yields are declining today. Commodities. That is the situation on the gmm function. Credit suisse is in the news today. It is planning to return half of its net income to shareholders through buybacks and special dividends and wants to reward shareholders to bolster the banks finances, after capping shareholders for more than 10 billion swiss francs in recent years. The best been selling risky assets and entering the final year of restructuring. Shareholders have stayed with the bank. Aviva in the new
Once we turn the calendar to january. The third day in for today. Tech stocks among the declining sectors today. Rose a month ago, the tech to its highest level in 16 years. Has dropped by 7 . Greece, denmark, norway, leading the decline. As is the norwegian krone. Greek, 10year today. Had encouraging news on the next bailout. Look at the 10 year yield down to levels we havent seen since before the first bailout. Incredible times in greece today. This is the big mover and european equities. The best i can say is if you are along this doc is earlier and lost a fit of its value. The british subprime lender, which is facing a probe into its credit card unit, said the Financial Conduct Authority commenced a separate investigation into its car finance provider money bar. Customers who have struggled to gain accidents who have struggled to gain access. Its doorstep lending business, after a botched rollout in new technology. It also scrapped its interim dividend earlier this year. , well the