Lets have a look at the euro. Euro higher. The dollar continuing to go lower this morning. Over the morning, but course of several days, the dollar has been on a downward trajectory. Meanwhile, gold has been invoked. Is coming off one point percent. We see gold up 4 . 1182. Gold is back on as we see a push back in terms of a likely rate hike. As we see borrowing costs falling. Lets have a look at borrowing costs. We are seeing global bonds. The yields are significantly lower. 1. 99 . That is the lowest we have seen since april. Clearly we are seeing the yields coming down, bonds rising. We see a push back and a likely rate hike. Lets get back to the burberry stock. Unilever says pushing higher more than 3 . Earnings come and will ahead of estimates. Expecting just 4 growth. China is better. Online wrapping up, also record heat means the ice cream falls off the shelf. Unilever is doing well. Lower. China their concern. The woes hitting the luxury. Eller of trenchcoats, perfumes clearly
A year earlier. Chinas Producer Price index dropped more than 6 . 43rd straight month of declines. Delaying its plan amid market volatility and four of the five companies that have gone public priced offerings below their expected range. Two ipos to watch today. First data and super market chain are both scheduled to price this afternoon but of course already starting to see cracks in the ipo market. Well see where those two go. Shares of sandisk jumping this morning. The flash Memory Company hired a bank to explore a sale of Micron Technology and Western Digital said to be in talks with sandisk. Merger is going through. Well talk about that. But is it the end or the beginning . Were getting closer to the end. But its frothey. These are 60 and 100 million deals too, right . I would argue all being done by companies that have weak fundamentals and thats the scary part. The question though, theyre slightly more rational than the deals at the real end of the bubble which is to say the pie
After a secret Diplomatic Mission freed them from prison in north korea. Kenneth bayh and Matthew Miller had been sentenced to years of hard labor for what north korea called hostile acts. James klepper negotiated their release and a oneday trip to north korea. He bears no ill will to them. He would not have wished the two years upon himself. Nobody does in a labor camp. He looks back and he wants good to come out of all this for everyone involved. Kenneth bayh is a missionary north korea said Matthew Miller was trying to exacerbate the human rights situation. The United States is trying to figure out if it killed her wonder the leader of the Islamic State. Meeting. E 30 leaders previously states there was killed in a u. S. Airstrike in 2006. New revelations about General Motors faulty ignition switches gm ordered half a million replacements which is almost two months before telling federal safety investigations that i had a problem. Have a problem. It led to a recall of more than 2 mi
We have also got the overall number at 108. 6. That was forecast at 108. 4. Thats the Business Sentiment index and the Business Expectations. Lets have a look for that has come in at 103. 5. The forecast was 104. 4. So lets just have a look. Overall the expectations just below forecast the Business Sentiment and Current Conditions just ahead of forecasts. Of course this follows yesterdays pmi where germanys came in at 41. 9 down from 52. 8. So mixed set of data coming out of germany over the last couple of days. We saw the euro dollar there bouncing in fact in todays session. Lets get a comment. He is chief economist. Good morning to you. So slight contrast to yesterdays data but still mixed this morning. This ifo sentiment. A bit mixed but not very much. If you look at it the key thing is that Current Conditions have improved a lot and then of course expectations where people are asked whether it can get much better than what the currency is are no longer as stellar as they used to be
As covid winter grows darker by the day, president elect joe biden announced the key members of his team who will be responsible for getting us out of it, for getting the virus under control. You know, outside of a war or perhaps the economic crisis back 12 years ago, its hard to imagine a logistical challenge, a governing challenge in the midst of crisis being passed across from one administration to another at quite this level of difficulty. All while the Outgoing Administration is actively trying to sabotage the incoming administration. So here are the people who are going to have to figure that out to overcome that. The group is head lined by California Attorney general Xavier Becerra who will be nominated to lead up health and human services. Dr. Vivek murthy will returning to his role as surgeon general. He served as one before. Dr. Rochelle walensky will head up the cdc, an institution once viewed as the envy of the entire world and Public Health experts all over the place, that