Mark have a look at where european equities are trading. Equities are falling for a third day. These are the currencies rising against the dollar. We have defensive assets such as bonds falling, yields gaining, and commodities, that is the huge today. Lets get to the earnings. It owns caring and gucci, shares jumping as much as 9 , the highest since 2001. Fastest sales growth since 2012, boding well for luxury goods makers as christmas approaches. Reporting estimate beating sales indicating that the peak Holiday Season may see Strong Demand and potentially giving the luxury industry some respite. Demand is weighed down due to this company has risen to the highest since 2001. What a coincidence. ,ech shares jumping 18 today after theince 2001 Swiss Electronics Manufacturer reported betterthanexpected sales growth field by demand for its keyboard, computer keyboard, computer peripherals, speakers, and video gaming equipment. Logitech has benefited from the number of devices that people h
Yieldsck victory sent soaring but how much further do they have to go . Mark carney is speaking down the road, delivering the news surrounding the stress tests. Due to strains on emerging market currencies and growing skepticism over the ability of some International Banks to adjust their Business Models to new environments for regulation, for growth, and for Interest Rates. In june, developments kosher to hone home brought strains of their own. Prices have reacted strongly following the u. S. Election with echoes of the treasures at the start of the year on sovereigns and banks. Throughout these episodes, the u. K. Financial system has stood up well. Deafening rather than amplifying volatility in financial markets. Households and businesses in the u. K. Have as a result and able ,o focus on what they should where there their home is right for their families or a better investment would help them serve their clients. This was in resilience has been hard one. Done. A job that is never t
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me. Lets check in on the Global Markets. After another small rally for stocks yesterday. The strength continues off the back of the election, ahead of the ecb meeting tomorrow. Dow futures up, along with the s p and nasdaq. Higher yields have been driving a lot of the action and strength in banks for instance. 2. 37 is where we are now. Backing up just a bit. Well see where we go through the morning. Lets look at european equities. Strong monday, strong tuesday. Again those first positive starts to the week because the fall out from the italian referendum was thought to be less bad than some initial fears. They are continuing strongly today. As you can see, up over 1 . This now based on the hopes that the ecb will ease policy a little bit more given the political pressures across the region. As you can see, about 1 of gains. The ftse 100 up 1. 3 . The pound is soft this mornin
Us here on set for a talk about the boe, brexit, and his outlook for global rates continuing to grind lower. Global strategist will join us with his outlook for european banks in the second half of 2016. Again, the story is global yields. Jonathan record lows and its a remarkable story that we will continue to talk about. Lets check in with a Bloomberg Team with indepth coverage of our top stories. Guy johnson joins us on the bank of englands News Conference in the last 90 minutes or so. And the latest on the votes of the uks next Prime Minister. And if possible capital injection into italian financials. In new york, the latest on treasury rates hitting new record lows. Paul allen joins us on this weekends election. I want to bring in guy johnson the bank of englands new policy response. The significance . Guy he is essentially signaling a recession and this is giving the tools by the chancellor and he is now putting that into reverse. Saying tougher times are ahead for the k economy.
Im going to start at fixed incomes because that is where we have seen such a dramatic move in reaction to this mornings Economic Data that came in worse than estimates. Retail sales and wholesale inflation. Not to mention a later report that came out on Consumer Sentiment that came out worse than expected. They were as low as one thing for 9 , now it one play 51. 1. 51 percent. If you take it over to stocks we are seeing a little bit of up back from this record close since yesterday for the three major averages. The first time they have reached that milestone on the same day going back to 1999. Has dropped after manically. If you take a look at what has the on the week of in s p 500, kind of sideways action. Even though we didnt have that record close on thursday. Of 1 . F. 10 point one some of the bestperforming stocks that we are watching include nordstrom. Reporting earnings that Beat Estimates and saw strong sales at its rack division. That is after a u. S. Justice Department Repor