Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge
One stock that did not snap the streak was tesla. On the month, down by close to 20 . Down by more than 40 today. Lisa it has been kicked out of the magnificent seven. We have a company that is fighting a sentiment wave as well as the very real wave of competition in china during a fraught market for the electric a fraught moment for the electric vehicle market. Jonathan product release, competition in china, we are trying to figure this out. What is the tesla problem and what is just the broader industry problem right now . Annemarie you are seeing this ev demand around the world especially in china. You do see China National companies doing very well. The issue seems to be in other places especially in the United States. When it comes to tesla, the problems continue. Overnight we have an exclusive story about the newly formed Marketing Team part of those companywide layoffs. This was supposed to be to get the message out in advertising. When you saw the Inflation Reduction Act and ta
MARKET WRAPS Watch For: ECB economic bulletin, EU flash consumer confidence indicator; UK rate decision; France monthly business survey; no major corporate updates expected Opening.
The yield on the 10-year U.S. Treasury is on track to hit 3% soon, its highest point since late 2018, and it could affect your finances in a number of ways.