Not as much as the data. Of more than 1 as much as 1 or 2 . And we have aback push and pull trying to figure out, was the inflation number a oneoff . It added to the wage number we got in the jobs report what economists are looking for a trend. We also had the retail sales data that came below estimates. The market is trying to digest this. We are seeing largecap tech better than the brogden mark broader market. Terms of the Earnings Report today, joining some peers in reporting numbers that beat estimates. This is reassuring about the ad business as those shares rise. Western union report of the earnings that are than estimated though it looks like stocks are more reacting to testing transactions. Invested and had finally groupon is going in the opposite direction. That companys fourthquarter earnings misting estimate missing estimates and even the full year is below estimates. It is down by 10 , mixed picture on the earnings front. Remember, that is the crop the fullyearally earnings
Topsyturvy trading going on. Bit daytoday was a little weaker. I didnt think it was that horrible. Kirilenko 14 jacob guy if you 14 . Caroline guy if you cant if you really think about how we got to that number there are mitigating circumstances but the u. S. Market essentially bounced back toward the close yesterday so we did see a largely positive and to the day. 5 could see we were up by and the average was up by a 4 10. The equity markets did not feel like they got knocked but they have had some bad days. Caroline and it is easier to see such volatility when you have volume 15 below the average of the past three months. House end it was the builders that managed to fuel that resurgence. Guy chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. Post china seems to have got everyone thinking. It is basically equity markets continuing to rise but highyield credit on the way down and it is tha
More, but we are about 30 minutes into the trading day. Abigail doolittle is here, with a mixed direction for the session so far. Certainly the dow in the s p 500, fractionally lower, the s p 500 fractionally higher, but the nasdaq being helped by technology and not seeing the drag from energy the other indexes are seeing more so. Lets take a look at that. Oil on the day along with a few energy movers. 1 ,is down about 1 , almost down for a third day in a row. This reflect Hurricane Harvey, and in the wake of the storm that many of the refineries in texas have inkind. There is less demand for crude. That is weighing on the price turn weighing on some of the other names. This is an interesting dynamic to take a look at. Lets look at it in the bloomberg. Refineryhe total amount of oil processed by refineries in the u. S. , and we see through august 18, we see that about 4 Million Barrels per day are coming off line from these refineries being shot, so this processing is coming right down
Reactions from what we saw from pyongyang. You, thest i can give equity market, the stoxx 600 was down earlier. Down by 4 10 of 1 . Assetst sets haven after the testing. North korea is continuing to prepare for a possible intercontinental listed Missile Launch, reddening to raise tensions further. The stock is down. A Good Opportunity to look at the fear gauge. Europes fear index. , now it is up a mere 7 . The 12 gained it was the highest since august 18. Last tuesday when north korea fired the missile over japan, higher index closed 9 after rising an intraday 15 . Trumps fire and fury comment in early august prompted it to rise to 19. 3 on august 11. That was the highest since april. We were nowhere to the levels we were in april before the French Election and the levels we reached before the u. S. Election last november. Those are the brexit levels we saw in june last year. That puts it in perspective. Europes fear gauge. Index, given what is happening with the north korea story. Thi
We getting breaking data out of the eurozone. It will close the final figure for august, 54. 7, narrowly below the earlier estimates and still way above the 50 level that separates expansion from contraction. The figure is 55. 7, narrowly down from the earlier estimates of 55. 8. Below thelightly earlier estimates, but still showing strong growth. Big ecbpproaching the meeting on thursday, as if you did not know. Lets look at european equities, rising for the fourth day. Investors are shrugging off yesterdays geopolitical concerns, at least when it comes to the equity markets. The stoxx 600 is up by 1 3 of 1 . The swiss franc remains the haven currency of choice. That is the eurofranc, rising for a second day. Of sundaysans nuclear test. 10 year yields in the u. S. , down a couple basis points. 2. 11 is the level to watch, the level reached on august 31, the lowest since november 9. Hroughwest for 2017 and t november last year. Gold was a haven earlier. Coming down off the earlier high