Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Could the feds meeting be a catalyst for gains . Wrote erode. Dont miss our conversation with the ceo of automaker psa group. We saw gains on the s p 500. The benchmark erasing last weeks drop. The rebound in tech stocks overshadowing a slide in banks. Futures on the front foot today. Postinguropean futures gains after we saw europes benchmark close in the red yesterday. Pretty much flat right now. The 10 year yield back above. The dollar at a 22 month low. Gold futures touching 2000. If you look at the spot price we are trading at 1009 hundred 45 an ounce, edging up 0. 2 . Havee republicans presented a rescue plan to bolster the u. S. Economy. Before that, breaking headlines. 300 millionabout euros as an impairment in the secondquarter results. That is the headline just crossing from ing. We will bring more details as we get them. It is booking a 300 million euro as an impairment in secondquarter results. We have a line coming through from delivery hero, raising its guidance after gro
Exchange right here on cnbc good morning, im dominic chu. Your stock of the morning, a name you probably all know and even use, amazon. Com climbing to a new record high of above 3,000 per share you can see here in the early trade, 3046 is the last trade for amazon were off about one third of 1 in the premarket. That is just one stock that you need to watch today. But in a bit well go over more. But we start with how you and your money and the Global Markets are setting their day up stock futures indicating with a should be a lower open at in stage right now. If the futures moves holds, the dow jones would be down about 247 and the nasdaq down about 40 but remember, we had strong gains in yesterdays session and that saw the dow jump over 450 points and the s p post its fifth straight positive session. And the nasdaqs run continues jumping more than 2 to hit another alltime high this has been a strong trade throughout the course of the year especially since the covid19 market lows that
Others of the planet. Serious. New lockdown in melbourne. Difficult news around the world on cases of the virus, john, even though the death statistics are good. Lisahan on this recovery,. [no audio] lisa garage of fed speak. We will hear from raquel bostic and tom barkan. 10 00 a. M. , another read on the u. S. Labor market with the job openings data. This is key. President trump participating in a forum on reopening schools. Until schools we open, we cannot get the economy fully up to speed because working parents cannot get lives back to normal, a key debate when you want kids cap safe kept safe. Jonathan equity futures down. Hours, all about Global Equity market rally. U. S. , nasdaq back to alltime highs, up 60 yeartodate. The question. How do you tilt away from the u. S. When it is the home of mega cap Growth Stocks . I want to begin by asking the question to james. Help me understand. It is the home to mega cap tech, apple, amazon. Why would you tilt away from that story for the
Environment, both here in europe and around the world. About the data that we are getting throughout the what it means. We are getting pmi data from europe. We rely on the ism data in the u. S. The sent seems to be the employment components are weak and the headline numbers are strong. Orders look pretty good. Jenna henry, global chief economist joining us. Break it all done. We have had the ism and the pmi data. Thewondering how useful data is really and giving us clues at clues as to whether Global Economy is . Not very. But t low levels, still at low levels. Equity markets are looking for their v. It is whether that b continues. There are useful snapshots. It is always encouraging to see territories. It gives us some idea that things are improving. It doesnt tell us anything about the future. Alix what do we learn from germany . Retail cells had a huge pop in may. Retail sales had a huge pop in me. Janet the difficulty you got with the labor market data, obviously, they are heavily