Small the kinds for the major averages a second day of small the clients. Half an hour ago, the three major averages it line ever subjected climbed ever so slightly higher, but as major averages did climb ever so slightly higher, but as trump was speaking we have big 7. 5 s in this macys down from hitting a sevenyear low after the cfo earlier at an Investor Conference and annual investor date to say that the Company Expected margins to be 1 lower on a yearoveryear basis and as a result, they will be engaging in rigorous costcutting costcutting in order to maintain the earnings forecast. Of course, how much can you cut costs . Investors not cheering that. We are seeing other retailers falling, including kohls, foot locker, and nordstrom. This is an ongoing theme this year, retail, as is riskoff. When you look at the haven bidts, we are seeing a today. Today we are seeing a big haven bid. Haven bonds are rallying. Gold is up 1 . The yen is also higher. Spikinglso have the vix 5. 5 . Not
Popular. That is more than that it was anticipating. That is getting close to the true price. How will shareholders react . Washington watch. Just session Jeff Sessions has suggested he may resign with a widening rift with the president. This is as James Comey Testifies in front of the senate tomorrow. Huge breakinga story, it is as if someone splashed the news with the bucket of ice water. Santander is buying popular for one euro. They will raise 7 billion euros of capital. We will continue to pay keep on top of the story. Futures are down across the board although the ftse futures are little changed. If you look at the miss price calculation by bloomberg, it is not look nearly that bad. Take a look also at the bund t rade. Investors selling off bunds, driving up the euro, the bund trade still at a very low although the yield rising still at a very low level. It will be fascinating to see how santander trades today. I am trying to figure out, get to the bottom of what is happening in
From mercedes and. Shares opened shortly. And mission to moscow. With no sign that the kremlin will change its stance on assad. Matt less than half an hour away from the start of european equities trading. Take a look at futures. Basically green across the board as far as European Markets are concerned. The euro stocks 50 futures up a quarter of a percent. The dax up one third of 1 and the cac is a. It is interesting to see the green arrows there especially if you contrast them with the red arrows we saw in asia overnight and the big risk off trade. The s p is battling. Obviously a big feature on that landscape. Lets get a bloomberg first word update. Sean spicer has apologized for saying adolf hitler did not used chemical weapons. It came as [inaudible] ascer said someone despicable as hitlers did not use chemical weapons. Chinas president spoke to donald trump yesterday urging nuclear about the program. Should settled peacefully to be committed to peace and stability on the korean pa
Saying basically greece runs out of cash at the end of march. The end of march is the crunch time for cyprus to do a deal to get the imf to extend their credit degrees while they talk . We will see shorter Interest Rates where we are seeing much more aggressive moves. There is a view in the market the extra cost you pay for germany, for greece over germany can expand. You are going to see the cost of funding for greece in the commercial market up. What you need to ask is how much it is already priced in. Is the euro moving more on quantitative easing or about Dollar Strength than necessarily about the condition of syriza getting power. Lets check a couple of stocks. You have iag, aer lingus. Aer lingus say they are discussing a new bid from iag. Iag down and eight of 1 . Apparently ryanairs holding has been on the block for one month. That is how markets are opening up. Markets are a little bit lower. I am looking at the footie down by half of 1 . The greek antiausterity party won the
FIIs | FII outflows: On longer-term structural side, Goldman Sachs overweight on India & Indonesia: Sunil Koul indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.