Tom lets begin our friday coverage. Here are top headlines with vonnie quinn. Vonnie they would have had real snow, where beijing will have to import snow. Representatives of the ecb, imf and European Union are meeting in athens with the cabinet minister. Tsipras made troika a dirty word during the campaign. There is a rebellion among members of his party. He told lawmakers today he never had time to lead greece out of the euro. Shares of linkedin are falling in premarket trading. The professional networking website forecast revenue. There is concern that linkedins growth is slowing down in its core business. President obama is warning that opponents of the nuclear deal with iran are putting the squeeze on congress. He held a Conference Call with allies last night and said supporting that it will be tough for lawmakers i can tell when they start getting squishy. A Top Lobbying Group is pressing for the deal to be rejected. And fitness fanatics cannot get enough of soul cycle. The chain
Taking a look at how european equities are trading right now at 30 minutes before the end of the wednesday session. We are seeing a rise in four months year. For now, we have on yield rising along with commodities. We have bond yields rising along with commodities. The euro temporarily rose above one dollar 20 against the dollar. It makes a question of if the odds of intervention from mario draghi increases next week. The ecb may make some references which couldnge effect, lesson, or hold for the next few months the pace of appreciation. A meaningful reversal seems unlikely. The ubs says that buying euro at this level should be a profitable investment over the next one or two years. Over the next one or two months, it might be difficult to chase the currency higher given that the ecb is targeting inflation. Euro pushes down on inflation which is still well below the ecbs target of 2 . The data points of interest today in the u. K. Were Consumer Credit cooling slightly in july amidst co
Abigail a bit of a decline. The worst day in more than two weeks as geopolitical decisions that julie was talking about is rattling investors to some degree as we see the decline for the small cap is lower now. Unlike what will seem more feeling, investors are uncertain about what is happening with north korea. This is intraday chart in the bloomberg, a sixday chart. Last week, we had a north korea missile fly over japan and the dow have fallen but today on that day, it turned even and we see it had been climbing higher through the week. Thoseors are looking past geopolitical decisions but we see the big drop for the dow on pace for the worst a day since the middle of august. David over and mainstay capital who has been good in terms of bullish and saying the market is able to look past the broader concerns, he things based on the north korean tensions along with the fact that the durable good numbers was disappointing, it could be a chaotic week for stocks. We are seeing that, but you
In spain, down by 4 10 of 1 . All of the currencies are declining against the dollar. There is some Corporate News today. Surging sales in china helping to lift the touch equipment companys profit in the third quarter. Sales are up 4 on a comparable basis, and just narrowly missing estimates. At focus, the 126yearold Dutch Company is to help technologies. They have moved away from their historic roots in manufacturing lightbulbs, tvs, and compact disc players. Shares are up by 1 . Big news in japan. This is a great chart here. It rose for a 15th straight day today, matching the run of gains seen in march 1988. Shinzo abes coalition retaining its majority in the election on sunday, signaling a continuity with that platform of one of terry easing monetary easing. Day the nic ka once again. It is trading at its highest level in almost five years. This was the last election in 2012. This is the most overbought nikkei in about five years. Julie we are stalling out a little bit. The s p 500
Them. We are 19 minutes into the trading day in the u. S. Now julie has been watching the news right now. Stocks little changed at the moment. Part of that news has been economic data. It has been next to this morning. We had jobless claims. There is no clear direction in terms of the data being positive or negative. We are seeing stocks mixed as well. Overall, not seeing much change. I wanted to check on the bond market as well to see if theyre sending more direction there. We did hear from the Federal Reserve yesterday. We are seeing a mixed picture, yield rising, and the twoyear yield is down. Even in the treasury market there is not a clear direction. U. S. Dollar is seeing a more clear direction over the last couple of days. Fifth straight down day for the bloomberg dollar. Down another quarter of a percent today. What is interesting here is only as the dollar falls oil is falling as well. The two have been moving more commonly in tandem, which is a bit unusual. Oil prices tumbled