Im sara eisen. Im wilfred frost. Its throwback thursday, were throwing it back to funk. I cant believe its already thursday. Neither can i. Short week. Short week. Good to have you back. I dont think i said that yesterday. Thank you. It was an extended new years weekend for me. Lets get to the market action. Yesterday was similar to tuesday. We saw gains, we saw the nasdaq lead the pack, up about 0. 9, the dow lagging at about 0. 3 of gains. The s p in between. The nasdaq already playing catch up. It was the laggard of the big three indices post election. Russell 2000 was strong yesterday. Up at about 2. 5 of gains for the week as a whole. We are expected to see profit taking this morning. Not too much. About 16 points. The dow is called lower. The s p 2 points. The nasdaq 5. Yesterday, lots to focus on. Fed minutes, we got goods orders sales, after the market closed, bad retail releases. Tenyear treasury note at this hour, kind of settled below the 2. 5 level. Pulled back a bit furthe
Car maker shift into overdrive. Is a bromance brewing in brussels . He received a warm welcome from the european president amist word he will try to convince him to try to increase the countrys bailout. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And were just getting the euro zone composite pmi for january. This is 52. 7. It was forecast at 52. 3. This follows the numbers. The competition pmi was 52. 6. We had in the last 15 minutes or so data as well. Italy beat france beat and germany slightly below expectations. The euro dollar off session lows 1. 146. The overall euro zone private sector growing at the fastest pace in six months in january. Firms slashing their rate. January services pmi at 52. 1. The euro dollar trading at 1. 14. Interesting to see the reverse trade over the past couplel of months. Alexis is at the moment meeting with commissioner president. The Financial Times is reporting he will ask him for a technical extension of the
Its had a number of approaches enter sbred interested in buying the venture. Youre watching Worldwide Exchange. The final serves as pmi better than the familiar number. The 45. 7 was a tickup from october. The final composite pmi is also higher. 46. 5 to 45. 8 flash as well, the highest since july. So the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. The pmi will rise above 50 that divides growth between contraction. Hasnt stopped the euro dollar from hitting a one and a half month high. I suppose we know growth is going to be anemic, but if Spanish Banks are getting some money, are we feeling slightly better . Thats what euro trades on, isnt it . Pmis are all very interesting for the economist. But they want bigger stories. Most of the news flow, its helpful to the euro. People have been trying to affect this rally for a while. We are close to those october highs. T
Losses, but some encouraging pmis in europe, especially in spain. Our map begins with twitter. Being slapped with a big downgrade. Sirius xm moving the other way. Liberty offering to make the service a wholly owned s subsidia subsidiary. Apple reportedly snapping up snappy labs. Apple is close to breaking below its 50day moving average. And to buy jose banks, 57. 50 a share. Twitter downgrade. By Morgan Stanley to underweight from equal. Citing growinging competition from facebook and google. The call comes two months to the day that twitter priceded its ipo at 26 a share right here. The stock is now at 140 . This is scott, the analyst at Morgan Stanley. Wellknown. Helped take Facebook Public and now feels they have the advantage in this race. I think facebook, robert pack, sun trust, who was the first guy to say listen, twitter could be amazing. I criticized him, saying is he trying to get the jump . He was. He really pushes facebook today. He downgraded twitter before. I think people
Retailer is struggliing as he says he cannot promise that things will get better. And big discounter offers stock at 21 euros per share. Good morning or good evening if youre in asia. We kick off with another set of data before the ecbs meeting tomorrow. Its the final pmis for may, final services pmi 53. 2. Its a tick down from the flash of 53. 5. It is still nevertheless the highest since june 2011. And it is higher. Aprils was 52. 1. The final composite pmi has come in at 53. 5, a tick down from 53. 9 which is the flash april 54. We did see of course the french number coming down just a little bit as well. The german private sector growing for the 13th straight month in may. Well break down that but of course another key bit of data ahead of the ecbs meeting tomorrow. Theyre widely expected to take action. How much, of course, is still to be decided as they will come back, euro dollar around the 1. 36 mark we were yesterday. Before that, though, lets talk about the g8. What was suppo