A similar story playing out in the small caps. Is all small caps driving the rally here. The big caps still in play, but remember, we had that medicines deal with novartis, pushing Biotech Companies higher. Seeingsame time, we are the Semiconductor Type companies lift the smallcap indexes. You can dig a look at the dollar, fluctuating between , ans and losses, but overall fifth day of gains in the dollar. This will take us back to another streak we saw earlier in the month. All that talk about the dollar weakening doesnt appear to be whats happening. Even on a day when the markets are up, youre still seeing people fled back into treasuries. Guy european stocks at session highs as we head towards the close. ,ealth care the primary mover adding to the upside. We are up by just over 1 . The pound is trading higher, as you can see, by 0. 6 . We will talk about that in detail in just a moment. The lira under a bit of pressure. 400y have turned on the s Missile System in turkey. That may acc
Are watching in europe and the United States. The stoxx 600, really like volume today, but up near session highs. The eurodollar under pressure, so the single currency feeling the pain. The dollar goes from strength to strength. 1500, 1486. Elow maybe some positioning around what has been a fantastic run for gold. Vonnie in the u. S. , we are looking at small positives for the s p and the dow for the quarter. Today, the s p is up about 0. 25 . It could be adding to that gain for the quarter by the end of day. The best performer in the s p 500 right now is newell, up almost 5 from an upgrade to 25 a share. As you can see, we are crawling up towards that mark as suntrust says the bottom is in for newells strategy. The money coming out of treasury market. Some money coming out of the oil market as well. 50 to five dollars 55 since a barrel 55. 50 a barrel for wti. Guy a lot of anticipation around Credit Suisse this evening. Its board is apparently backing a cruciale thiame in meeting that
120 countries. Im ritika gupta. This is bloomberg. In his 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories from around the world we are following. President trump calling for the democrat leading the house impeachment inquiry to be questioned for treason. We have the latest from washington. Looks safe for now. The Credit Suisse board backing the ceo after an investigation into a spying scandal. The coo could take over. Wait. K, now we the company withdrawn its initial public offering. All that in the next 30 minutes. Abigail doolittle is with us, halfway into the last trading day of the quarter. Abigail the dow, s p, nasdaq all near session highs. The dow and the s p 500 set for quarterly gains. Of nasdaq on the cusp whether it may put in its first quarterly loss of the year. Gains continue, maybe it will join the dow and s p 500 higher. Not as ri
A major test this week and concerns are mounting over fresh demonstrations as recent protests turned violent and sparked Harsh Criticism also china continues to ramp up pressure with a state newspaper saying beijing has the option to forcefully intervene in the territory meanwhile the Hong Kong Government has announced tax cuts and increased welfare spending as a deals with the economic effects of the ongoing protests. The Hong Kong Government says its rushing to the aid of an economy now facing its lowest annual growth through a decade or more to. Show you having adjusted the forecast to Economic Growth we see the need to roll out these measures to alleviate the financial burden of citizens to support enterprises and to boost confidence he wont want you some some as part of the 2400000000. 00 us dollars package 1300000. 00 Home Congress will see some of their taxes waived social payments to elderly and low income residents will increase and Small Businesses will get extra subsidies. T
Coming in better than estimated at 18 billion, adjusted earnings coming in at a beat as well. To thears adjusted high, crushing estimates. That stock is up now by 7 10 of 1 . Going to be interesting to see the commentary on the call as well. Guy we were watching david we were watching ups particularly because they are sensitive to Global Growth and trade flows. The fact they did so well is really encouraging. Ceo atspeak with the ups the noon hour on balance of power. We have General Dynamics out with earnings, which i have to get up. Yeah, let me see. I can say that glasgow is out, and they raised estimates. David General Dynamics earning per share, 2. 77. Theres a nice beat there. Revenue was 9. 6 billion compared to 9. 3 billion estimate. This is a continuation of what we are seeing in some of the Defense Sector stocks. The Government Spending a lot of money. Northrop grumman out earlier, and the stock seems to be doing well on its earnings. It is up about three quarters of 1 in pre