Up on the equities front. We are one hour into the friday session. On the day. Higher headed for its biggest weekly advance in four years. Ftse is on track for its best week since october. The dax is also on track for its best week since october. The cac 40 on track for its best 20 11. Nce december, lets look at some of the other markets today. The yield on the u. K. 10year is dipping to 1. 4 . Last thursday, it hit 1. 3 . It is up a little since then. The euro is up against sterling today as David Cameron tries to thrash out a deal with his counterparts in brussels for a second day. The dollar is falling. The japanese currency is proving its safe haven status in the month of february, on track for its best month since february, 2008. Brent crude is rising. It is up 2. 4 this week after two weeks of declines. The big data yesterday was u. S. Stocks rising to the highest level in decades. The bloomberg first word news. Chinas yuan is headed for the biggest weekly advance in a year. Bear
Friday morning. Breaking news across the bloomberg number the Chinese Authority in banking are taking action for those banks that they consider our lending perhaps a little bit too fast and too furious. We saw the loans hit record levels this week. This concern about indebtedness of the chinese population at large, and the corporate overall indebtedness expanded over 200 per capita. The peoples bank of china are determined that some banks who have landed too fast, they have raised the reserve required ratio. This is according to people familiar with the matter. This will be regional banks, among the lenders, seen as overstretching themselves. They did not give us any additional details, and terms of the banks that were actually affected. Or how much the reserve requirements would actually impact the marketplace. Of course, this is all about china rebalancing exactly what is going on. Let us take the conversation, you were looking at the currency there, the yuan has had a good run. The
Travellers, withdrew nighted technologies and verizon among many other major companies. As for the economy, one important report of note. September Housing Starts and Building Permits out at 8 30 eastern time. Okay. We have a couple of stories were watching this morning. Apple ceo tim cook making a couple of headlines at a Big Technology conference in california. The tech giants new Music Streaming Service has reached more than 6. 5 million paid users. Another 8. 5 million are participating on the free trial. Are you still free trial. I dont know. I dont know if its been three months or not. Maybe not. My son downloaded 59 songs and three albums. And its good. Its alternative but its good. I got all new stuff to listen to. My music life is good. Changed. Its good. Its more robust. Thats for sure. But millennials like spotify. Thats what i hear. Im still on spotify. But youre a millennial wannabe. I just got there first. Cook suggested orders for a fourth generation apple tv would be ne
Disappearing. No rally today could s p still up on the year, barely, less than a percent. It will be pivotal for the return for the s p 500 for the year, at least. All the averages near the lows of the session. It is a relatively broadbased decline. Utility shares are up very slightly today. Energy and materials are lower. We have been seeing most groups declining here. Utilities is the sole group in the grain. Again, it has a lot to do with commodities. Oil prices trending lower today reported eia inventories unexpectedly rose last week. Theyve been around 3 throughout the day. Also watching gold prices as well. Gold selling off not quite as dramatically but selling off nonetheless. Again apple is once laggard, right . Julie apple has been a really interesting story this year, particularly in december where we see the stock defining. Today it is down another percent or so. Really, the longerterm issue for the company has been a lot of analysts questioning demand for the latest iterati
But a cold but sunny start to the day, 26 degrees for the the 9 00 oclock hour. We will need to bundle up at lunch heading out to grab a snack, 36 degrees for the noon hour as we head into 3 00 oclock 40 degrees, right around our High Temperature for the the day. We will see a few more clouds late day and maybe a chance of the snow shower, a snow shower, little flakes moving through tomorrow, we will talk more about that coming up in just a few. Lauren, thank you. All right. Lets give you a shot of welsh road near bethlehem pike near north wales. Conditions still looking icy, you can see slick red so do drive with caution. Heads up there is an accident earlier on the ramp from 476 northbound to 76 westbound where a vehicle spun out of control. Good news that accident is now clear and traffic is moving normally. Turning now to a story that is developing this morning in media, Delaware County a man is accused of making on line threat begins Chester City Police officers. Officials say 23