It has been a choppy session. Down. 1 , while the nasdaq is up. 2 . The dollar index is strengthening. 97. 55. We had a drop in the 10year yield, we are back at 70 basis points. Lets get some details on what is moving in the market. Scarlet fu is with us. A mixed trade across Asset Classes. Certainly within equities. The backdrop is the next Economic Data we got. The philly fed numbers were interesting, in that they confirm the empire numbers from last week, back in expansion mode. Manufacturing is no longer contracting in the region. All of that is helping to lift the city index to a record high, spate ofg that recent better than expected Economic Data. Oil approaching 40 a barrel. Iraq says it will begin complying with opec production cuts and is working on a program to compensate for cheating in may. It is curious it is not getting ts and to reits utilities. A couple of movers on earnings. Kroger is the second worst performer in the s p 500, beat on the top and bottom line for next
Find out how fast the uk economy is growing, finding out what that means for Interest Rates and what it means for Interest Rates and what it means for the chancellor in the budget. In sport, Crystal Palace continue to crumble. Bristol city humiliate them in the league cup. No such problems from Manchester United. They are through to the quarterfinals. And carol has the weather. Good morning from the Botanic Gardens, we re morning from the Botanic Gardens, were behind bilate run this evening will be a lot of beautiful lights in the pavilion. This will mark the end of the valley. It has been whetted in the north overnight. As the weather front sinks south, it will weaken. For most today it will be a sunny day with temperatures higher than we expected in october. More in 15 minutes. An enquiry into e cigarettes has been announced by mps amid concerns there are significant gaps in what we actually know about them. Everything from their impact on human health to how their consumption affect
And working on the move. We hear how the man behind regus serviced offices turned his quest to find a Flexible Workspace into a multi billion dollar empire. And if you struggle with recycling, youre not alone. The worst products to recycle have been named and shamed so we want to know what are your Recycling Frustrations . Get in touch use the hashtag bbc biz live. Send us your comments about that. My question is whether you can put envelopes in recycling if they have the plastic window . Hello and welcome to Business Live. For months, optimism about the Trump Presidency has been powering markets to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. Its down to growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average f
While maintaining the price of Economic Growth . This is bloomberg surveillance. Im mark barton. We have headlines from the ecb. It says debt sustainability concerns have risen in the last six months amid a potential increase in yields. The ecb says risks to Financial Security stemming from Financial Markets remains significant, mainly because of the possibility of a rapid repricing in Global Fixed Income markets. It says an abrupt repricing could materialize because of spillovers from high yields in advanced economies, in particular te advanced economies, in particular the United States. The fed has raised rates twice since last year and policymakers are predicting two more in 2017. Unconventional stimuli are moving close, the officials caution that in the light of inflation and Global Economic risks, qe must be unwound gradually before higher borrowing costs should be discussed. We will speak with matt miller about this. A quick look at the markets today. The stoxx 600 is up by 1 5 o
Equities are faring right now. What is start. Three days of declines for the european benchmarks, shares rallying today. These currencies falling against the dollar, but yields are down commodities. It has been a data rich day today. Growth accelerating, were talking about pmsi for the first time pmsi for the first time in 3 months. 55. 1 veruss revised 54. 2. Companies reporting that export orders, which climbed to the second highest reading since record again in 1992, boosted by the Sterling Exchange rate as well as Stronger Economic growth in the eurozone, north america, and asiapacific region. The domestic market also contributing to order. It is a weaker level than earlier this year. Manufacturing accounts for 1 10 of the u. K. Economy. The economy chugging along,. 6 rate, a sign the economy is delivering at a robust rate. Weve got a host of figures showing its a robust recovery from Economic Confidence to joblessness to manufacturing, signaling this recovery, gaining steam underp