Index continued gains. The s p down despite several companies doing well today, the best of which is apache, finding success in suriname. The dollar index up 0. 4 . Weaker euro, weaker british pound. Really, the only currency that isnt weaker against the u. S. Dollar is the yen. Stronger, notvens a huge reaction to the continued anticipation of what might come next in the u. S. Iran conflict. Guy lets talk about what is happening in europe. Brent is on offer today, seeing a little bit of weakness when it comes to the oil market. Europe is a little better bid today on a slightly calm her market. At 1. 1141. Vonnie casting doubt on claims there baby powder causes ovarian cancer, talk about this study with Johnson Johnson. Reporter one of the issues with these cases, which claims that talc outer produced by j j talc powder produced by j j gave women touch of cancer is attending to assess what is the Scientific Evidence for whether or not this happened, and this is early hard to do. To try
Traders are recalibrating their expectations and the two year yield is a touch under the 5 level once again. You are seeing massive volatility in the bond market in a week with a lot of auctions. The 10 year yield is it is a sex base at basis point is a six basis point move higher. Gold is on the rise and has been a favorite asset for traders all year long, one half of 1 higher. Some midday movers on the equity side we will start with caterpillar reporting Quarterly Sales lower than a year earlier and the trend is expected in the second quarter. They said sales would be largely in line for 2023 but that now seems to be shifting. The Company Beat Expectations in almost every quarter since 2020 and we will talk more because in addition to that 7 drop in caterpillar, meta is dropping dramatically more than 12 . The Company Announced it will spend billions more than analysts expected on its ai efforts. Mark zuckerberg is asking investors for patients. They are not patient today and he says
Lender question mark we speak to or gets . We speak to the ceo. Laptop banlab a affect airlines and passengers . We are less than a halfhour away from the european open. The start of cash trading. Take a look at how futures are shaping up. I have got it on my terminal. The world equity index. I cleaned clicked onto the futures box. Red column youst see on your left, my right. The dow, s p, and nasdaq futures. Re showing a weaker open in a few hours when they open, european futures showing a when we get going and less than 30 minutes time. Check out the bund trade. We are seeing yields, they were moving up earlier with investors selling debt, investors are buying it now and yields are coming down. The german tenyear yield at 0. 41 . Guy prices going up. Lets talk about what is going on in the gmm. The ftse closed a record yesterday. 75. 22. The aussie Marking Market trading, the japanese yen bit this morning, the frank is bid and the krone is bed this morning. The dollar index not did t
President trump. Anna a very warm welcome to bloomberg daybreak europe. Im anna edwards. Matt miller here in berlin. Anna lets start by talking about what we saw in u. S. Equity markets yesterday, partly because of what the fed said about equity prices. I have a chart here, a valuation of the s p versus various Global Equities. Think it about what the fed said, they said levels look high relative to standard valuation measures. Putting it in the context of Global Equities, the s p over to 2008,is going back not a benchmark people want to revisit too often. If the u. S. Is 11 more expensive than the rest of the world, can it be explained away rationally . Concerns about what the fed said about the Balance Sheet and what it does to the rest of that policy, driving things in the u. S. Yesterday and the Asian Session as well. About the u. S. , not just because of what the fed is up to or the ecb, not because of centralbank policy but because of whats going on between president xi and donal
We begin with morgan which saw its quarterly profit jump more than 20 . Thats the good news. But the biggest bank in the u. S. By as sets missed wall streets earnings estimates. By comparatively five cents. Reporting profits of 1. 32 a share. Revenues 6 lower than a year ago at 23. 5 billion hit by volatile markets and continued low Interest Rates. They missed estimates, too. Shares were initially lower after the report as you see right there on that graphic. We take a look now at some of the big issues the countrys biggest banks are facing this quart. Reporter jpmorgan the first of the financials to report and with a miss to beat not a way to kick off a busy week of earnings. Bank of america, citigroup, wells fargo and Goldman Sachs out with their earnings in the coming days. All banks are likely to feel the effects of the macro headwinds we saw in the Third Quarter and those that affected jpmorgan, as well. First low rates, likely to squeeze margins even if they cause a short term up