Of a uk election still looms, despite the governments double defeat in the house of commons 48 hours ago he was leading the chants of stop the coup, let the people vote. Now hes saying, stop the election, stop the people from voting two year treasury yields hit the lowest level since 2017, while Goldman Sachs ceo tells cnbc exclusively a recession could be on the horizon. Bond market is reflecting a sentiment there is anxiety about the prospect of a recession, in the u. S. Less evident in the data, perhaps more evident in a variety of different markets like germany here in europe. But it is possible well, markets are trading a lot more buoyantly overnight, especially on the news that the two sides, china and u. S. , are reportedly going to have a meeting in october thats given a relief rally to asia markets and u. S. Futures as well as were heading into this european session you see there is quite a lot of green on the board already for the stocks 600 after the better session yesterday
Strength and technology overall. For the moment, we are not seeing an improvement in stocks based on these numbers. Im going to take a look at the bloomberg, as well. A looks like we are not updating the dow. Ticking very slightly into the green, actually. It is up by about two points. The s p is up off by about 0. 5 points. Still a little changed. Still of 0. 25 on the nasdaq. 0. 25 on the nasdaq. The focus continues to be on retailer. Strengthen some of the Retail Stocks yesterday and today, we are going decidedly in the opposite direction. Consumer discretionary down only 0. 25 . There is strength in media stocks. Real estate is one of the worst performing groups today because some of the mall wreaths are trading lower. Individually, macys and kohls are leading the declines. Kohls is down 17. 5 . As theys down 13 announced plans to cut another 6200 jobs, bringing total cuts to around nearly 10,000. They already talked about plans to shut 100 stores. Saw a decline on a samestore basi
The most bullish on oil in the past eight months. The interview with the energy secretary. First, to the top stories we are following. U. S. Dots rebounded from the worst light in three weeks, and there is a rally underway in technology shares. The s p 500 index down it is of nearly a full percent at 2100. Dow jones industrial is up over 1 . The nasdaq composite index rising as well. It is up 1. 25 at 49. 92. It may be a sign of growing this ration agrees. The greek government has issued a decree that folk forces local governments to transfer all cash balances to the central bank. This could raise more than 2 million 2 billion that greece could use to pay bill. Meantime, friday deadline for greek to purported to report the finance package has been pushed off. They will not sign up until athens reforms approves the reform package. We want greece to return to the ability to grow. To recover stability that has lacked for years and years because greece has suffered a lot. There has then po
Legal & General Group Protection today announced the formation of its new Wellbeing Advisory Board. The board comprised of experts across a range of clinical, occupational, vocational rehabilitation and business consulting fields.