Preliminary reading coming in at 89. 8. That is likely below the 90. 6 estimated. Current conditions are what dragged it down. University of michigan surveys, how they are feeling now and what their expectations are like for the future. The expectations came in ahead of estimates at 81. 1. That coming in below estimates. We did have the consumer inflation reading coming and above what analysts had been anticipating. Lets take a look at how this is affecting the markets. We are seeing a pullback after big gains yesterday for all three. Something that is very important, quadruple witching. It tends to cause a spike in volume, which we are already seeing today in a big way. All three major averages at the moment are trading lower. At a few movers, exxon mobil is on the list. Reportingt journal the attorney is examining accounting practices. The intel shares are higher after the Company Raised its forecast. Looking at some of the other Asset Classes in the wake of the cpi data, that 10 yea
Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
VF Corporation , a global leader in branded lifestyle apparel, footwear and accessories, today announced the appointment of Paul Vogel as Chief Financial Officer, effective July 8, 2024. He will.