In the last 45 days, we are back in the green, at least for two, if not three of our major indices. The s p 500, in the green. We will call that flat. The nasdaq has not been able to get out of the hole it dug itself into. Some earnings weighing on some of these indices. , microsoft, cat missing estimates. I want to show you the General Health of the s ps 10 sectors. One of the big reasons for the rise in equities is because of energy. Part, hasr the most been up for the entire day up 1. 2 here the biggest leader in the s p in terms of sectors. Financials are up a little bit more than 1 . On the flipside, Information Technology has been and continues to be the biggest laggards, down 1. 8 , in part, of course, because we have been talking about earlier, apple is in a bear market. We stay with technology. Microsoft down 7 . It did miss estimates coming out after the bell yesterday. Gartner, for example, saying there is a contraction in the market. 9. 6 in terms of pc sales. Alphabet also
The dax down by about a third of 1 after setting a fresh 2016 high just yesterday. Futures firm, dell futures up about 10 points. Switch up the board quickly. Dollaryen is up the most. That is a weaker japanese yen on a bloomberg report that the boj may offer banks loans with a negative rate. Should that have a fundamental impact on the fx market . We will discuss that later on. Crude keeps keeping crude keeps creeping higher. Shares in alphabet definitely at the top of my list today. Biggest loser after posted earnings that fell short of analyst estimates. Profit margins can be pressured by higher cost for mobile phone customers. They are more costly to get. Dramatic Advertising Technology that is more costly to google to use, or it had lower margins. Alphabet shares, not including todays trop because it has not opened yet, but over the last two weeks they are up 40 . Microsoft has had a big run but disappointed on earnings for the First Quarter and has had sales in the Current Quarte
Welcome to countdown everybody. Friday morning, i am an and words. 6 00 here in london. Let us talk about the Global Equity markets. Yesterday we talked about how global stocks had the highest level since december. Things looking more sluggish overnight, a slightly weaker section in the u. S. And a weaker session in asia, despite the fact we saw a pickup in the oil price, often enough to turn the mentality around the stock market. Let us look at the rally during the trading day, here on white in a bloomberg with a rally that we have seen in global stocks, dating back to late january. We have also seen upper limit on in gold and silver, of course we talk about that on the program. Buying Precious Metals and buying the yen, despite the buying a stock. As the title of the chart suggests the markets are perhaps far from convinced about the strength of the moves that we have seen in equity markets with a rally we saw and equity markets the last couple of months or so. Let us check out the r
The open. Stocks surge and as bloomberg reports the boj may help banks offer negative rates on some loans. Good morning to you, caroline. We got a whole bunch of really cool stories doing the rounds. We are watching what is happening with this brexit story. Obama intervention could change the terms. Does this convince britons that maybe the u. K. Should stay in . Cars are in focus as well. Caroline they are. The british pound getting a bit of a pop on the back of that, with the u. S. President saying the u. K. Is better off in the European Union. In berlin, im seeing mercedes on every high street, and daimler once again being embroiled. Tore seems to be no end where the scandal starts and lies. Weve had mitsubishi, now time for, the u. S. Wanting investigation. Already trading on the futures market down 7. 7 according to trade gate. Could see some big moves lower from daimler. Mention of that story we saw last night in the numbers. Going to be interesting. We will find out, as you say,
Will have the ceo on later on. And at post nine, kayla and joining us is kara, and a lot to talk about this morning. Microsoft after missing the earnings, we heard about the pc we weakness and the Cloud Business and shares on for the worst day now since january of 2015, and even though kara, the pc business and everything that pcs have been through not terrible, would you agree . Well, it is not terrible, but one of the things is that the ceo has been enjoying a honeymoon period with the investors, because he is turning it around. There is tax implications, and it is a kind of the messy quarter essentially with a lot of numbers that are confusing wall street. He has been turning in great improvements around cloud which is a important focus of microsoft. There is great signs of the subscri subscriber signup on the various offerings, and things like that, but people are still focused on the pc issues and also the miss itself and the tax problems that they had there. Jon . Yes, and as kar