We will hear again from Abigail Doolittle a little bit later because of the biotech indices. One difference today was utilities, telecom, safety areas leading the way. Of beenhey, thats kind the story. However, we are going to bounce back there. I want to jump into what we are looking at on the talk market. Particularly a couple of sectors in the s p complex. We had inventories theyll in the day. Energy stocks went right down. We been talking about the defensive, Energy Stocks have been a big part of the rally. The only ones trading on higher what higher volume today. In addition to those, im checking out volatility. Fascinating, down a bit today, but let the record show that for much of the day it was moving in the direction as the market. Matt for the first time the German Government bond went negative at auction. Where people are straight up paying for whats always been on the secondary market. The first time people are officially paying the government to hold their money. Matt basi
Doubles n Second Quarter sending shares to the top of the European Market. Benefiting from a fall in bad loan provisions. A sweet session for nestle, too. They launch a Buyback Program as an emerging market pick up boosts sales. And investors hoping for a windful from rio tinto. Posting a first half jump in profits thanks to iron oreships. We speak first to the ceo in just a couple minutes time. Display youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Youre watching worldwide exchange. Roughly one hour into the trading session, the stoxx europe 600 extending its weeklong slide. Were down by 0. 2 as were digesting the retaliatory efforts coming from russia. The ftse mib has been the big underperformer in yesterdays trading session. Its bouncing back just modestly, up 0. 5 following that shock return to recession yesterday for the italian economy. The cac 40 down 0. 2 and the xetra dax still 900 points away from that high, down
9 00 tuesday morning. Welcome to the pulse live from bloombergs european headquarters. Were here in london. Im guy johnson. My colleague, Francine Lacqua in dubai today. Japan kept its record stimulus unchanged. Kuroda said he cant rule out a dip below zero. The the bank of japans 2 target slipping away. All of this money and still inflation moves south. Guy yeah, it is not a happy place for a central bank to be. Kuroda said a lot of this has to do with oil prices and he is expecting it to wash through the economy and get more growth and for maybe wages to kick in so the number also start heading back in the right direction but it is hard to see any evidence of that right now. Guy if that is the case do we get more stimulus or is he happy where he is . Guy i think guest i think the bank of japan is going to have to do more in the fall. Then you might be looking at a renewed q. E. Effort where maybe they target different types of asset classes. There is some talk about regional bonds be
The white house and Congress Make a deal with the fiscal cliff agreement means for everyones paycheck. 60 minutes now of 2013, good evening. The u. S. Senate has reached a deal in the fiscal cliff negotiations. Cnn is reporting. Reporter lawmakers postautomatic spending cuts. But they did strike a deal on taxes. Three hours before the midnight dead line Senate Minority leader Mitch Mcconnel and joe biden emerge with taxing and spending. This is a mini cliff, big cliff still lies in front of us. Big cliff. Reporter president obama had scolded congress for waiting so long. One thing we can count on with respect to this congress is that if theres even one second left before you have to do what youre supposed to do, they will use that last second. Reporter the bush era tax cuts remain in place for individuals earning as much as 400,000 a year and families 450,000 a year. Far above the 250,000 on which president obama campaigned. Those making more will see higher income taxes, Capital Gains
Islamabad. According to a Senior State Department official the threat is different from the one that forced the closure of 19 other diplomatic posts earlier this week. Its prudent to protect lives and its certainly important to keep the terrorists from being able to carry out a devastating attack. 16 air strikes in yemen, u. S. Officials believe this plot is still active and reaches up to the highest level of al qaeda and those leaders are likely getting help from the nearly 2,000 prisoners who peanutly escaped from iraq, libya and pakistan. Its possible they could be suicide bombers, its possible they could become combatants, some may have capabilities in terms of bombmaking which is always of concern. With so many embassies and consulates are closed experts are worried theyll set their sights on a soft target like a hotel. President obama will address a preference today, his last day before going on vacation to marthas vineyard. Two young boys in protective custody after police say t