Good morning, everybody. Welcome to street signs. It is uk inflation day and what we are seeing is that stirling is taking slightly higher after july inflation dates painted a mixed picture for the uk economy. Headline inflation came in at 6. 8 because you can see behind me, that was in line with expectations. But, both the core and services cpi numbers came in hotter than expectations. Jeremy hunter says the nation is not yet at the finish line in its fight against inflation as todays figure puts wage growth ahead headline inflation. The latest cpi print has overnight swap rates pricing and at an almost 90 chance the bank of england will hike rates again by 25 basis points at its september meeting and just over a 10 chance of a half Percent Inflation point. That is 50 basis point increase. Now, this is the reaction we are getting across the income curve today. Interesting. We have twoyear yields stronger on the day. 5. 10 is where we are at. 5. 1 . The markets are pricing in at this r
Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati
Results in an interview. Now that don peebles is turning bullish on new york real estate, where hes seeing opportunities and why office space is at the top of the list. But first, lets get todays market action. Its a little more pronounced, but just marginally to the downside, considering we are just 1 to the highs so far this year. But to kellys point, if you look at whats happening, its been a mixed picture and a lot of different cross currents. That earnings story that is shaping up, at least in todays session. The dow up 21 points, 35,581 the s p sits at 4577, down about one quarter of 1 . The trading range has been negative all day at the highs, down four points and down 21 points at the lows maybe in the middle of that range. The nasdaq composite, down 1 3 of 1 , 48 points to the downside 14,297 for the composite trade one them thats developed is travel and leisure, somewhat we have had downside and upside moves. Jetblue, down 8 more costs for Norwegian Airlines uber was positive
Security. We will stick with washington. Jim jordan preparing for round three of the speaker vote today. And the bottom may be in for the second largest economy in the world. Chu China Central bank takes new action to shore up the market there. It is friday, october 20th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of the stock futures. Right now, lower across the board. Dow opening up 30 points lower. Nasdaq taking a leg lower. S p is flat. This after a rough session for the averages which saw the dow, s p and nasdaq close nearly 1 lower. The dow transports and russell coming off sharp declines. They are on pace to extend the multiweek losing streak. The dow down over 1 . The russell is hard hit down 1. 5 . Fed shchairman jay powell is making a case there is likely more work to do. We have models for everything. We have formulas for everything. As a pra p
Five barrier. Uk gdp revised higher for the first and Second Quarters with the countrys stats office boosting the first and Second Quarter stronger for germany and france. And the senate tries to fast track shortterm Spending Plans before the potential Government Shutdown on sunday. House speaker Kevin Mccarthy tells cnbc theres still time. The fund raising trail and lets get together and we have been able to do it before when we sat down. We can solve this problem. This is an actual opportunity to put the country on a better path. And sportswear plays get a boost as u. S. Giant nike tops First Quarter profit forecasts with higher prices offsetting cost pressures. Tgif. Lets get a check of how markets are trading. There is a lot of green behind me. Bit of a surprise given how difficult the trading conditions have been for the month of september. The stoxx 600 was down 2 for the month and today were up up. 90 . We are recovering half of the losses for september. The Investment Community