Micron up significantly, but the stockslphia chip index up as a whole. General mills is the worst performer in the s p 500. Its pet food portion of its company, after acquiring blue buffalo, is doing really well. What we know General Mills four, all of its cereals and so on, they are not selling as well as analysts were hoping for. That is sending the stock lower. Bitcoin has a 12 increase date, bringing its week to increase to 42 . Many are wondering if this almost 1300 level will hold. Guy just a bit of breaking news thats worth referencing. Vw, theks unit out of ipo price guidance we now think is narrowing. This is what we are getting at share. Ent, 27 to 28 a we think we will get them around 2 00 p. M. Tomorrow cet. I will bring more details as we get it. The u. S. Treasury secretary Steven Mnuchin saying he is hopeful that the trade deal between the. U. S. And china will be reached President Trump between the. U. S. And china will be reached President Trump between the u. S. And c
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
Mixed day today european equities after the benchmark stock exchange. Investors are waiting for the outcome of the tax vote in the u. S. Equities. Mixed day for fx. Look at the yields rise. Ireland, france, belgian, germany, commodities giving you a feel of the market today. Some Business Confidence out of germany, unexpectedly weakening its december. The gains remains near its alltime high, as you can see from the line right there, respecting the fact that the economy has excelled this year amid robust domestic spending and recovery in global trade. Debt surging this year, taking benchmark yields to the lowest level since april of 2015. To spanish levels, theres more credit defaultts swaps so says richard hodges. If movies follows fitch in upgrading the sovereign debt next year, Sovereign Rating next year, he says the swap should narrow the gap widths main as well gap with spain as well. Portugal versus spain, a 10 year yield spread is the white line. Very quickly, this is the oneday
Euro lower, bond higher as well. The bottom of the european benchmark. Ahead of the ecb news conference. The euro is up by. 1 . Borrowing costs are expected to stay at present level until the end of the purchases. European volatility needs monitoring. There is no concern about the level of the euro. Ecb does not target Exchange Rates. Exchange rates are important for growth. The euro rising for the fourth day above the highest level since december 2014. The median forecast by the end 1. 23. E year is Financial Markets has a 1. 30 forecast. I want to talk to you about a few of the companies that are moving today. Talk about small caps. The french president , Emmanuel Macron, is pushing for reform helping the countrys small stoc ks. The cap small index, which has greater domestic exposure, have macron won5 said the first round of the president ial election last april. Over the 200 index same period. Cax is the white line. Whitetail holdings, it is roughly giving up the battle. Almost a 2
We are under 30 minutes to the close on equity trading in europe, and we are seeing some gains in european equities. A bit of by divergence between europe and the u. S. You can see broadbase base looking at the regions, the euro stoxx 50 up. Ibex is one of the better performers, up. 7. We have seen gains on the dax and cap 40 cac 40. Overall, equities are in the green. The fx space has been the story of dollar strength, bouncing back room a threeyear low. Euro down. 5. Cable unchanged. Not such a sizable move in that fixed income spaces. Of movement there. If we turn our attention to the stoxx 600 and what is happening within the Industry Groups, most are gaining on the headline level in the benchmark up. 4. Construction and industrial Good Companies leading gains and lagging are commodity producers, down. 5. Thanks also underperforming. Banks also underperforming. To the fx space, i was talking euro weakness. G10. Did well compared to the games have slowed as the rally in the yen has