U. S. Futures down 6 10 of 1 . Normally a price move you do not see in the asia pacific save for events like we are seeing today. The dow futures, a substantial pickup. Coming off highs on vix futures. We dont have japan trading so youre going to get a lot of that in the form of going straight into these contracts. Since japan is closed looking at futures. The fact a dollar is stronger against Everything Else but the yen is stronger tells you the mood is yvonne do you go into a traditional haven plays like treasuries after the week we had or should we be worried maybe with oil prices being elevated there could be this third wave of inflationary pressures coming into the forefront . That is what the market is contending. You certainly are seeing where the trade is. It is oil markets reacting. Rishaad it has the traders looking at possibly a proxy where with iran taking place. Israel produces Something Like 320 million 20,000 three to 20,000 barrels a day. With the consumption of 236,000
On high alert. Eight months later and the proxy battle is back on for disney. And the uaw is set to expand an the strikes outside of the big three. It is monday, october 9th, 2023. You are watching Worldwide Exchange here on cnbc. P goodgood morning. Welcome to Worldwide Exchange. Im frank holland. We kickoff the hour with the stock futures and we are following breaking news. We are seeing future under pressure as investors across the world follow the latest from israel and what is described as the biggest conflict in the region in more than 50 years. Futures are red across the board. All three indices down. 50 or more. The dow would open up 170 points lower. It is very early. Treasury markets are closed today. A safe haven trade is underway as we watch gold and silver pop. Platinum up over 1 . We will watch these trades throughout the morning. We are watching key global currencies. The swiss franc and the japanese yen with more investors moving toward them. They are in relation to the
And hack tack profits hit . And then looking at the hand that feeds it. We will look at that one. It is friday, october 6th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start your friday with the check on the u. S. Stock futures after modest losses yesterday. Take a look. We are mixed right now. We are seeing the s p and the dow fractionally lower. Nasdaq higher. We alsoways say it is early. A mixed bag with the s p on track for the fifth straight week of losses. And we look at the yields with the 2year treasury still above 5 . You have to look at the 30year treasury which is creeping up back toward the 5 yield. Remember, this is an important indicator for Inflation Expectations and investor confidence. All of this is the lead up to the september employment report. Economists expecting employers to add 170,000 net new jobs last month. That is down slightly from last month. The Unemployment Rate, however, ex
Board. We are on track for the dollar index to have 12 straight weeks that is something that we have not seen but it matches aord streak in 2014. Are talking about sub 90 when it comes to wti as well as bren it has been a dramatic selloff when it comes to crude. Sovereign bond markets, mixed pie but mostly yields are ticking lower. Rishaad we have a gut check taking place after the rout we have been witnessing in the bears having a bit of fatigue. Looking at thailand, there is a rift between the Prime Minister and central bank and how that is spooking the markets. It is not playiut that much although it has in recent days. It is up 0. 2 . We have the baht steady at 36. 94. 50 futures with fair value in mind and thece he is indicating a flat picture a look forward to the bank in india decision on Interest Rates. We expect data to show the price rises slow down to 5. 7 from its. 8 . The big os nonfarm payrolls. Yv 170,000 is the consensus but it goes from00 up to 250,000. It de spectrum.
This is Bloomberg Markets european close with guy johnson and alix steel. Guy at a headline level the index is not moving very much. The stoxx 600 catching a little bit of a bid. 441 is where we are tracking right now. Single stocks there is plenty of action. Ongoing problems with a range of issues right now. Many related to its original acquisition. It has issues with trains on the new elizabeth line in london. Ongoing issues in a number of places. We have management saying maybe we need to sell some assets and that is what seems to be knocking the stock. The outlook not looking that favorable. How they stabilize the ship. Puma is down 10 and ripping into stocks like adidas. They are going into a blackout at puma they had a call last night. They had a call where theyre not painting as favorable out of picture. The stock has reacted very strongly to that. It has been whipping around. Coming into the close that stock down 10 . Puma is how you would say it. Alix we do. I dont know why we