Worsen, suspending imports of australian coal. Disney jumping a late trade on a management shakeup and a focus on streaming through a newmedia unit. We hear from the ceo. Check of howget a the markets are trading. We are seeing u. S. Futures coming online pretty much flat. We saw u. S. Stocks climbing to an almost sixweek high we had a rally. The s p 500 gaining ground. We also had financials pretty strong, gaining more than 1 ahead of earnings season. Jp morgan and citigroup reporting tomorrow. It was really about this years trade that really led the rally. The nasdaq composite gaining more than 2. 5 . Amazon soaring ahead of its prime day. Apple also jumping. The product unveiling but its price target was raised by rbc Capital Markets. Take a look at what oil is doing, reversing some of those losses it saw during the u. S. Session when it fell below 40 a barrel. Gulf operations restarting after hurricane delta. Sourcesention, libya saying we could see output there doubling within 10
These currencies very much in play with a lot of news. Not Much Movement on the euro, even though we have mario draghi. Not exactly painting a pretty picture of what is happening with the eurozone economy. Positione leaves the to be taken by Christine Lagarde. Perhaps he will be most remembered for his remarks about saying he will do whatever it takes to save the euro. Sterling edging one dollar 20 tenths as we get more 1. 28 asty edging we get more uncertainty. Gold is up. We have seen a runup with it. Today is perhaps indicative of a risk being taken off of the table. Just need over five dollars 500 to buy one ounce. Lets get over to new york. We have su keenan with the first word news. With japanese economy minister issue super maura. He has resigned after allegations of suspected violations of Campaign Finance laws. To stalle doesnt Want Parliament with debate about his own issue. Hes the first member of Prime Minister shinzo abes new cabinet. This after being appointed in septembe
Last years revenue went through china. Alibaba moves a step closer to a share sale in hong kong. The impending offer could raise as much as 20 billion. Shery lets get you started with a quick check on how markets closed. The s p 500 finishing at the highest level in five weeks. The nasdaq, the highest level in a month. Reversingtors yesterdays office to gain ground in yesterdays session. Most were in the green. They were led higher by Energy Stocks. Take a look at wti. Wti prices gained as much as 4. 5 at one point. Apparent attacks onto tankers on two tankers building up the tension in the persian gulf and leading investors to get worried about supply around oil. And we saw now on crude, jumping 2 in the last two sessions. U. S. Futures at the moment unchanged. Lets see how we are shaping up to the asian markets. Sophie this friday, were facing a mixed session with type and commodity sectors in focus. Get activity data from china later this morning. Investors will be watching to see i
runners and underdogs are faring. softbank is smiling. softbank made about $12 billion after sprint stock rocketed. this after he judge ruled in favor of the sprint-t-mobile merger. let s look at how markets fade. another day, another record high from the s&p 500 and nasdaq. lyft are lower in after hours trading. they did not get an update on profit guidance yet. the stocks index, the chipmakers leading all these record highs. rate the s&p% remains near record valuation. of course, we heard from jay powell. year yield is 10 getting a lift. is appropriate for now, that means that safe havens are kind of fluctuated. left ting a small gold getting a small lift. paul: we are expecting more gains on the asx when we get going in an hour. we will be keeping an eye on commonwealth bank just reporting first time cash profits just shy of $45 billion. that is a big deal because it makes up just under 10% of the asx. nikkei futures are pointing higher by 0.8%. we will have money supply