Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Im sara eisen im wilfred frost, very good morning to you from me as well good to be back. Good to have you back after a crazy week in the uk and we thought the comey testimony would take the week theresa may managed to shoot herself in the foot and the uk delivered another surprise june vote looks like she will forge ahead. Just about. She will be able to continue for now. The question is for how long well discuss that later lets check in on the markets. After another big tech selloff dominated the trading day yesterday on wall street futures pointing to a bit of a rebound this morning dow futures up 45. S p 500 up 6 nasdaq futures are up 21 so maybe a reprieve from the tech selling check out the nasdaq twoday chart. Were talking friday and monday. Brutal day for tech. Monday not as bad as friday. The nasdaq 100, which tracks these big cap tech stocks having the worst twoday session since back in september. Names like facebook, amazon, apple, netflix and google, the big winners and sti
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
Their reputations through a different lens now and the potential that fake news could be something they have to fight off in order to guard their reputation. Bagging a beat. Sta sainsbury trades higher, but the impact of the pound remains uncertain. A guilty plea and a 4. 3 billion settlement. Vw hopes to draw a line under its diesel emissions scandal in the u. S. With a draft deal that it hopes can be sealed before the government transition. Good morning. We have a lot going on. We have it all covered for you on street signs. Wanted to kick off with breaking news. The kremlin has just come out and said that they do not have compromising material on trump or clinton. Documents say russia has compromising information on trump. Thats false, says the kremlin. The kremlin goes on to say hysteria is being whipped up to maintain a political witch hunt. The kremlin says they understand that tillerson will be quite tough in his line on russia. They say that possible new sanctions affecting u.