Respond . How will the sector trade at the open . The rally rolls on. The hang seng trade, a record. Oil is trading close to a threeyear high. Brent, 70 per barrel. The boss said he will double profit in five years by selling more jeeps and ford goes in, planning to invest 11 billion in the electric vehicle. Matt a lot going on in the car sector ahead of the detroit auto show. 30 minutes from the start of european stock trading. Futures, up across the board. Looking at well, that is an interesting picture and it looks slightly different. I am seeing futures that are gaining across the board. The ftse up. 2 . Dax futures up. 3 . I will look and see that we would that is there. Lets look at the bund yield. I have a three day chart of bunds. Ive got to label these better. We had a oucj y we had a pick up in yields thursday into friday and we have been holding relatively flat around 0. 58 . That is where the bund trade holds. Not a lot of direction from that, but you do get a lot of direct
And good morning, welcome to Worldwide Exchange here on cnbc im domenic chu. And im Contessa Brewer sara and wilfred are off this morning. Great way to get started when youre seeing positive signs in the markets. Lets get straight to the markets as contessa mentioned were seeing green across the board on the futures side. With the dow trading the way they are, were looking at possibly a 300 point open for the dow on the upside at least if things stay the way they are right now. S p up by 32 points nasdaq indicating an open around 75, 76 points as well a lot has been driven off Interest Rates those worries with whats happening with u. S. Government bonds. So, lets take a look at those yields for right now, were seeing a move higher slightly in the tenyear treasury note yield. 2. 88 . Almost 2. 9 , the last trade there. That reassumption, contessa, on the upside for this mornings trade. Well see if that has any kind of effect on whether or not people have that risk tolerance if it stops.
Dow down 37 points and the s p nudging back up towards the flat line at 2066 and change and nasdaq in Percentage Points the big lieutenantser, down twothirds of a point. Seven of the sectors are low for the year including staples, i. T. , financial, industrials, utilities and energy rounding out the bottom of the pack. Both down more than 9 year to date. Oil getting hit hard again today before staging a bit of a comeback. There you see its got modest losses right now. West texas intermediate at 51. 97. Ice brent crude at 56. 43, down 11 cents or about a fifth of 1 . And then ty yield falling enough that were starting to hear about lower mortgage rates. The tenyear right now earning 2. 221 . Euro Group Leaders meantime emergeing from a crucial summit on greece about one hour ago. The result nothing, according to reuters. Another meeting set for tomorrow. The eurozone summit is under way now. Yields meantime skyrocketing on the greek twoyear bond at 49. 5 . The etf that tracks greece all
Europe. Bloombergng, this is surveillance. These tech stocks are on the move. That is filtering through to what we are im looking at suppliers over in asia. There are definitely gains on the index, but also here in europe. We do have an opec meeting on august 7 so that is your quick market check. Donald trump was involved in crafting a meeting with a russian lawyer. It provides an account made by the president s own lawyer to exterior. U. S. Senate has confirmed Christopher Wray as a new director of the fbi. Theas vowed to defend organizations independence. Bank shifting about 4000 jobs. The bank will transfer most of its possessions from paper to berlin. Bank official declines. Thestors in venezuela riskiest bonds are the in the world. France annually have failed to find common ground. ,ccording to person familiar italy did not budge. Negotiations im ready to come back to rome in september to try to achieve an agreement before the onting of the head of states 27th of this is bloomberg
This is bloomberg surveillance. We are getting pmi figures out of the eurozone, and this is what they are showing. This is for the month of february. Services pmi rising more than expected, 55. 6. He spoke to economists who forecast a figure of 53. 7. Everything above 50 means it is expansionary. Manufacturing also rising a little better than expected. That is at 55. 5. The forecast was 55. I want to see the full breakdown, but we did have a earlier figures in manufacturing pmi from germany that were much better than expected. This is big for eurodollar. Lets get on to the rest of the markets. The one thing i want to show you is hsbc. That stock under pressure today. It did miss profit estimates as the revenue was dropping. It has had to say it will cut more costs. Still the biggest loser in europe in terms of the equity markets. Down 6 . Stocks are pretty unchanged overall. On a case basis, depending on the earnings. We once again talk about politics and risk in europe with those Fren