President. Dont miss it. Manus warm welcome to daybreak europe. Times we have rocked from 1 up to 1 down. Its amazing how those numbers come alive. Is there a deal on the way . Between china and the u. S. Nejra if we get a partial deal, how long could that sustain any gains we might get in risk assets . Would it be enough to turn around the economic damage that has already been done . Manus indeed. Lets get straight to these markets. Lets get straight to the oil market. Actually, lets get to the fx market instead. One theof the yuan is at a high. The bears were champing at the bit to sell the currency. If there is a currency pact , thatn the u. S. And china could give you some solidification in dollar yuan. At the bottom of your screen, you have the aussie dollar against the u. S. Dollar against ground zero for trade. It is about the durability of the deal. How long can it stay . If it does, it may well help the aussie. Good morning. I missed you. Nejra it has been such a while. 10 day
With cigna is going to go through. When you look at stocks more a record onceee again for the dow and s p 500 as we see stocks rally on the strength of earnings news weve gotten today. Been the bigs leader of the day, largely because of microsoft and other earnings we have watched. Have been watching the s p 500 in this ongoing rebound in the wake of the u. K. Vote to leave the European League the European Union. Here you have stocks how they have done since following the vote. As we know, it has hit records frequently in the last week or so. Look at the groups on the move technology the best performing group. We see some rotation out of the defensive and into the more cyclical groups. On theft shares rising wake of the companys Earnings Reports that came in better than estimated. Its cloudbased business did well and cisco is trading at its highest in nine a half years. Facebook trading at a record. Sharesings winners surging 15 . Uniform maker of after earnings Beat Estimates and tupp