Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Lets get straight to the Global Market action great day for stocks yesterday, particularly the nasdaq. The dow up 0. 7 the s p 0. 8. The nasdaq 1. 4 . The nasdaq numbers to watch out for, 6321 is a record close. 6341 is a record intraday high so the dow is performing well. Again, having had a few days of selloff prior to that. Encouraging rebound in tech. 8 out of 11 sectors positive tech the best, energy the worst. Tenyear treasury note did edge back up ending last week about 2. 14 . At 2. 16. A mixed day in trade for asia the japanese index closing at nearly a twoyear high, but a different story for the hang seng and shanghai composite retreating ahead of what many call a highly anticipated decision from the msci today on whether the index holder will include china a shares, its considered a watershed moment for china stocks if they get the green light this would allow the u. S. Funds to get more exposure to chinese
Yesterday was a standout day. It was the best day for the dow since may 19th the best day for the s p 500 since may 24th and the best day for the nasdaq since december 11th of last year. Things are looking cautious at the open overnight in asia, the nikkei finished up by 0. 8 . The hang seng and shanghai were weaker hang seng down by 0. 3 in europe, some of the early trading thatsalready taken place, you can see right now it looks like there are some modest advances for many major indices. The dax and cac are up the ftse is flat crude oil prices were under pressure yesterday crude settled at the lowest level since november of last year it was down 54 cents to 44. 20. This morning its down another 8 cents. Testing that 44 level at 44. 12 you got the beach on your mind a little bit. Okacean i was thinking ahead to stocks i have not had coffee yet. Following a developing story in barclays. Uk authorities filed criminal charges again the bank and four Top Executives under undisclosed payme
10 times more on viagra than transgender care. When the blackid hawk helicopter was shot down, she did not care if the troops sent to rescue her were gay, straight, or transgender. This is bloomberg. Chnology the 2 billionst mark. Meg whitman is stepping down from hp. Could this be part of a bigger move . Plunging . S stock first to our lead. President is expected in a few moments to announce that the taiwanese manufacturing giant plans to open a factory in the United States in wisconsin. The facility will be located in the home state of House Speaker paul ryan. Is expected to employ 3000 people at first and expand. Our bloombergg in reporter who covers the white house. What exactly do we know . That thewhat you said, white house is trying to get as much press for this as they can. They have a big event. And is not something they will just have foxconn announce in a press release. Issues thatof those the president is strongest in, jobs, manufacturing. This is what the administration go