Israel is standing in the way of peace, so said john kerry. We recruited nobody. Those four countries that ultimately brought it to the floor did so absolutely on their own. Good morning. Welcome to street signs. Well, an hour into the trading session here in europe, we do have a fair amount of red across the board. Overall the stoxx 600 is lower by just a quarter percent. Thats slightly better than what some opening calls predicted. If we can give you a shot of the individual boards, lets hone in on the ftse 100. The uk hit a fresh record high yesterday in large part due to strength in basic resources. A lot of miners topping the charts. The uk market was playing catch up with previous gains because they had a longer christmas holiday. Youre looking at that index off by 0. 2 . The german main market is off 0. 3 . Woe have seen weakness in the auto sector. French cac 40, lower by 0. 2 . The ftse mib outperforming, but just positive ever so slightly at this stage. Giving you a closer lo
Expectations. And this comes after we saw in march, the highest levels both components of the epoe index in ten years. Doesnt sound like a lot of uncertainty when it comes to businesses ahead of elections. Despite the french elections there wasnt a lot of uncertainty when it came to businesses either. It is getting stronger month by month, with the ifo data the last time around it was interesting to look at the expectations. 105. 2 for the expectations. But a forecast of 106. Thats slightly below maybe it seems like expectations are coming off a little bit. It could be interesting to see what german businesses are actually worried about it. Well be speaking with clemens fue tch fuest, the president of economics, that interview in ten minutes time. Take a look at the markets were still keller. Look at the cac first of all, after the first round of elections. The cac 40 up by 4 so hanging on with strong gains with Emmanuel Macron winning the first round followed by Marine Le Pen. Both of
This continued contraction for this month prior, we were on pace for the fastest pace of contraction in six years since june 2009. Lets take a look at what is happening in the markets in the s p 500ction to is down 9 10 of a percent. Similarly the nasdaq is down around the same amount. Now eight to triple digit change in a row. Of the last 16 sessions, we see a lot of villa tilde t a lot of volatility there. I want to show you what is happening in terms of the s p and Sector Health right now. Nine of the 10 s p sectors are in the red. Down by more than two per 2. 7 there. Minorly in the green. Energy. Down by 5 , and definitely breaking four days in a row last tuesday through friday. Take a look at what is happening with those, first off in gold. We do expect gold will rise and that is what we are seeing right now. Up 1100 for rounds per ounce. We expect the yield would be going down. Down play down by. 4 . We see this sharp plunge down. Yen andthe u. S. Dollar losing strength against
Government buildings. And disney shares plummet as they announce a 1 billion capital euro hike. Youre watching Worldwide Exchange bringing you Business News from around the globe. We just got a brief budget through. Its come in for 2015 showing gdp growth at plus 2. 9 driven higher by private consumption. It seems the risks to the committee are coming from abroad and unemployment seen falling to 22. 5 from 24. 5 in 2014. So still a very high level, but moving in the right direction. The primary budget seen at 2. 9 of gdp. Public debt at 316 billion euros, which is 168 of gdp. Moving on to brazils probusiness candidate, he surprised a rally in the election. He will make it to the second round this month. Silva came in third at 21 . Brazils main stock market is expected to get a boost when it opens later today. Six days ago the polls suggested that his winning margin would be 68 . A big close in the coming days. Its no surprise on who the investors and wall street is supporting. The oppo
Lori a very good afternoon. I am lori rothman. Melissa i am melissa francis. We need a deal before christmas. Neither side has talked with the other in nearly two days. Towns are bracing for the fallout. Tampa mayor tells us what the fiscal cliff means for his city. Lori all talking and no advancement towards a deal. Frustrating. On and on and on those politicians go. We will bring you an update. Tom corbett saying going over that cliff would be absolutely frightening for the keystone state. He will join us later. Melissa president obama has been named person of the year. Go figure. [talking over each other] lori was i on the list for rock. Melissa on top. Lori lets get you updated on the markets. Lauren simonetti is covering stocks for us today. We go break a twoday winning streak. For the s p, it has been the best two days in more than a month. We are still a little bit more positive. Traders kind of sitting on their hands digesting what we have recently had. If you look at, i say ri