Shenzhen link opens today. Gone . Is pokemon its rival leaving pokemon in the dust. Rishaad the currency markets, that referendum, italians voting no to thengly, 59 , constitutional changes. Haidi we were expecting a tighter race, but a decisive outcome came in quickly. Take a look at my bloomberg. This shows the plunge in the euro to lows we have not seen since march 2015. This poses a lot of questions in terms of regional stability, italys banks. Haidi that is one of the biggest concerns, eight thanks perhaps in danger, facing problems with balance sheets, haidi failing stress tests as well. Thats right. Not seeing Much Movement when it comes to dollaryen. Where is the safe haven demand . Rishaad gold. Anyway, the open in singapore, taiwan, and kuala lumpur coming online. It up, the to set demand for havens, coming down to the fact how the market was position coming into this week. The governor of the central bank scheduled to speak. That being said, money coming into u. S. Bonds, th
We were talking about how it had dipped into the red yesterday. We are off of sixwe close. We are off sixweek lows. The s p is up. 6 . The nasdaq is still down year to date by nearly 4. 8 . I want to show you what has been happening with the s p 10 sectors. Generally a broad rally across the board. Information technology continues to be the biggest leader, up by 1. 1 percent. It had been higher. It was as high as about one point 3 or soap Health Care Sector up by about. 8 . Consumer staples continue to be the biggest laggard come at down i about. 4 . I want to talk about some of the biggest s p point gainers, chief among them some stocks you would expect, mainly apple. 5le up. 9 , contributing points to the s p right now. Luring is up 2. 4 , audiences back to it by offering more reruns on video on demand. 3 . Ret soft up pfizer up. 4 . Pple is up we saw a jump when tim cook landed in india. He is there. He had dinner in mumbai thursday. This is potentially on the idea he is there to op
A higher cash bed. A very warm welcome to countdown everybody. I am anna edwards. Manus breaking news. Anna six a clock in london, 7 00 in amsterdam. Where the business is based in the netherlands, saml is europes Largest Semiconductor maker. Third quarter revenue at about 7 billion euros. So estimate was 1. 7 billion, that sounds very broadly in line for maybe a touch shy of that. The most bullish estimate for the Third Quarter. The ultraviolet lithography system, which increases capacity and speed. Agreed to buy microvision for about 3. 1 million. This is a part of th customers,s for the Samsung Electronics and intel, these chip manufacturers, that they will increasingly use the technology. Certainly that revenue looks to be broadly in mind. 354 million in the Second Quarter against an estimate of three when 7 million, ahead of the Second Quarter. Manus we are waiting on the revenue numbers, expected 5. 2 numbers, expected 5. 2 billion. Lets have a risk radar look. Slipping, the s p
What has fueled this thing . We have a bunch of cattles. Lets start with the obvious, the darn thing wont go down. We had a ton of Federal Reserve officials talking about the need to raise rates. Be the market took it like a champ. The s p finishing up for the week. That was a signal. Signal that a rate hike can be handled without too much pain. The house of pain. Another possi of fed guns. Came back this week, and spoke incessantly about rate hikes. Now were rallying, and rallying hard. This market refused to go down on bad news. Something broader than fanning rallies or the minibull markets i talked about every night. Oils not finished going higher. I cant stress enough how important this is. We heard that oil was moving up because of a short squeeze that came out of the canadian wildfires. Production has been cut dramatically. Guess what . The oils back on line, and it didnt matter the price of crude is roaring back. This market has a hard time going down when oils up. The market se
Nasdaq declined 3. 4 . Its very rare that we can sustain this endlessly bullish move. Rallies end or take a break either by matador or by pamplona style exhaustion. Its the way the hot streak comes to an end is what matters. A big ugly decline is the matador. Second way out is a whim per. I like the smart. But i want you to know what the former might look like so you can be prepared in case that happened. Every once in a while i talk about the Fabulous Service i paid for from standard poors. Its anathema to many. After days and days of rally, the oscillator hit the level of 10, it is a level of danger, which means the market is severely overbought. Buy, buy, buy, buy, buy when stocks get severely overbought, theyre exposed to a level of quick shortterm vulnerability which would make it nuts for you not to do a little trimming from your portfolio. Sure, the market can say overbought for a while. When we see the number 10, its the natural thing to do. Just like to cover your short positi