Back to an eight day holiday. They are putting much playing catchup. We have gains across the board. Shanghai is up 1. 6. These services pmi rising for a fifth month. The you on getting 6. 73 versus the dollar. This was stronger than expected. This is a weak dollar story. Some yen strength there. The bank of canada governors has negative Interest Rates remain an option. Courts seems like a lot of the action is in the shanghai markets here today given that robust reopening after the eight day holiday. We will speak exclusively to the Everest Medicine ceo. This is 27 right now in its debut in hong kong. The Trump Administration signaling that the administration is again leaning toward a largescale stimulus bill. That comes after nancy pelosi pushed back on the idea of peace for a. She is excepting refusing to accept help for airline without wider bill agreed. We want to help the airline workers. There is legislation that we had ed the cares act that we hope we could continue for the next
Yesterdays stock rally. European equity futures suggest another grizzly session. Reject ree to restrict travel to the region. Angela merkel is not rule out joint eu debt issuance. Welcome to the European Market open. Lets get straight into breaking news from the car sector. Car sales in europe are off to their worst start to the year since 2013. Registrations declined 7. 3 . The coronavirus is shutting down car plants worldwide. Earlier on, we heard from toyota. Daimler vw, and that is the way we are heading. Things are looking to get worse before they get better. Of february looked different than the end in terms of consumer purities priorities. Lets get a look at how the car sector opens in just under one hour. Under one hour to go until the sort of cash equity trading, here is what futures look like. 4 under pressure, down by or there about. Down,utures are also nasdaq futures down more than 4 . , we saw strong gains but now things are looking more difficult through the Asian Sessio
Uncalled a critical moment for the region. Stocks in asia rising as investors await the results of diplomatic efforts that may help contain the israelhamas war. Gold is moving lower. Vladimir putin arrived in china on a Rare International trip for talks with xi jinping as the u. S. Presses beijing to reduce tensions in the middle east. Let me bring you breaking news the corporate space. We are getting numbers out of ericsson. The Swedish Telecom maker has Third Quarter net sales come in at 64. 47, will call it 5 billion swedish krona. He got perhaps a number that they already announced a 5. 2 drop previously with 64. 5 billion what they announced last week. This is a drop on the 60 billion a year earlier. You are seeing headlines come around their adjusted gross margin. It is 39. 2 . The ebitda margin dropped as well. We are waiting for the Fourth Quarter margin as well especially as we go into a tough time. We are seeing similar Market Trends for the Fourth Quarter and headlines acros
Are investors finally buying what Governor Carney is selling . And bracing for the fed. The dollar rally fades in the path of the likely qe unwind. The fomc meeting kicks off today. Matt take a look at how markets are prepping. We are half an hour away from the start of cash trading. Futures are down across the board. It should be said that u. S. Equity indices hit new records, just barely, yesterday, and we saw the asian gains as guy pointed out. They will be interesting to see how the trade goes. Take a look at the bund trade. It is more interesting to look at a slightly longerterm shot. This is the yield over the last three trading sessions. You can see we have steadily climbed our way up from a three handle to four and a half. Bund yields, although right now not moving much, are over the last three days climbing about half a basis point. An interesting look there. Guy another record for the s p, another record for the dow. But the real story inequities is whats happening in the nik
And israel as President Trump urgan his first foreign to since the election. Then there was all the buildup for the opec stocks with oil rising on speculation that the production curbs would be extended. Other prominent officials accompanied President Trump. The world is going to double in size in the next 15 years. There are plenty of opportunities and threats. Spent a lot of money and technology. We operate around the world. We help Companies Grow around the world. We are pretty comfortable in our future. Francine can you break down the units where you want to defend and where you want to grow . I want to grow everywhere. It is going to be harder in some areas because of our market share. Investment banking in certain areas may be harder to gain share, but that doesnt mean we cannot gain share in this country or that part of the world. We just know it is going to be harder. Francine what about fixed income, a lot of your competitors are trying to beef that . We have a good share ther