We have a longerterm horizon and take them independently than any other sicycle. Iag is marking an operating profit for the First Quarter and marking a busy summer season. And Prime Minister Benjamin Netanyahu vows to stand alone ifness pushing back against a warning by President Biden not to invade rafah. If we have to, we will fight with our fingernails and with gods lhelp, we will win together good morning you can see a mostly green day for the european markets not as busy of an earnings day of course, were coming off the bank of england decision to hold rates steady governor Andrew Bailey striking a dovish tone. The stoxx 600 is up over. 50 . On pace for a sixday winning streak the markets started off mixed and then the markets moved higher after the decision. Stocks on pace for the sixday win streak right now lets go to the boards the ftse 100 here is up o over. 50 . Hitting a fresh record high. A quiet day for earnings iag is boosting that index the dax is up almost. 75 . Take a
Was weaker than we expected in the Fourth Quarter of last year but we think the First Quarter of this year has been a bit stronger, which will lead the level of Economic Activity broadly when we thought it would be. 12 months Consumer Price inflation fell from 4 in december to 3. 2 in march, its lowest rate since december 2021. March, its lowest rate since december2021. 0. I march, its lowest rate since december 2021. 0. 1 higher than we expected in february. The decline was spread across food, core goods and services. Energy prices have also continued to contribute negatively to the Headline Inflation rate. As a lower 0fgem cap on Household Energy prices come into effect in april, we expect Headline Inflation to drop further to a level very close to target in the next few months. But we then expected to edge up months. But we then expected to edge up a again. This absence of data surprises is an indication that we are now getting back to more normal times, at least compared to the hig
Years. We have been a crossroads in the past, and unfortunately, we have usually taken the wrong fork. Tonight, ladies and gentlemen, you took the right turn. [applause] imperilhis win could the gop agenda in congress, shaving down Mitch Mcconnells republican majority to just one vote. House and Senate Negotiators are said to have reached a tentative compromise for the tax overhaul. The latest, we go to kevin reporting. Wn the lets start with the alabama race. , what do weoss tabs know about who voted . How did women vote . Kevin speaking with political types in alabama, who said that overwhelmingly, turnout, particularly amongst the Africanamerican Community, helped fuel doug jones to victory. He had top surrogates, including nba legend Charles Barkley getting out the support, trying to drive out turnout in urban areas, including mobile, alabama. Some areas have a turnout, surpassed and even matched the turnout in the Africanamerican Community for when we saw the obama mccain election
Same story taking place in the broader market. The s p 500 is up nearly half a percent now at 21. 02. Twitter and yelp have been tumbling on this wednesday. Tech stocks taking a beating. Twitter down 14 . Twitter shares falling the stock is down just over 9 . Twitters Top Executive saying growth will take some time. Yelp is slumping this afternoon. Shares down nearly 29 after it reduced its revenue forecast and is cutting National Brand advertising. Lets move on to oil and gold. Oil is on the rise today after u. S. Crude stockpiles unexpectedly decreased and production declined. 4923 crude is up 2. 6 at 49. 23. Gold futures are slumping, now at 1094. 80. Betty a check on the bottom markets right now people you had housing data you are seen yields rise. Waiting on the timing and pays for a rate hike. Causing a gap between the two year yield and 30 year yield to narrow. Finally, on the currency markets , Commodity Markets dominating for Exchange Trades foreign Exchange Trades. The top st
Bloomberg asia. Checking on markets, lets head to new Zealand New Zealand to be gainingen for three consecutive weeks. The kiwi dollar has seen a falling for the last three consecutive sessions. Down to thecounting opening in australia. Japans nikkei ending 3 higher. Futuresand make a pointing to slightly higher futures pointing to slightly higher. Manufacturing data coming out later today. An economic slowdown. The gauge slipped to a fivemonth low. Yvonne has been taking a look at this. It may be time to take more action. That it justsigns was not stable. Market juste stock makes things more obligated. In july. Pmi 50 anything above 50 indicates expansion. There are talk of fresh fiscal spending in the picture just to make sure china can reach that growth target by the end of the year. Continuing pressure for the second half. Numbers tosimilar the 50. Deterioration. It is facing more difficulties there. There is a measure of services and construction that turned out better than expect