Rising for a fourth day, highest level since 2015. The upswings we are seeing, the synchronous upswing is continuing in global equities. German Investor Confidence today setting optimistic tone for europes biggest economy. To 20. 4. G germanys economy enjoying a strong run supported by domestic spending and solid global trading. The strongest expansion since 2011. That is the data highlighting germany today. Look at the difference between spain and germany going back to 2008, the financial crisis. Points, the lowest in eight years. It has narrowed for 13 of the last 14 days to 79 basis points. On friday, we had the big news from fitch, citing strong relatively broadbased economic recovery in spain. A great piece yesterday saying spain trading at a small premium to germany, reflecting prospects for strong growth and core status within the euro area. Those times are returning. Lets compare sterling to rbs. Currency traders might want to Pay Attention to the health of the u. K. Banking in
I think what is different today is coming out the crisis, what youve seen banks do, is go back to their basics or go back to the areas they believe they have a competitive advantage. And that competitive advantages oftentimes steeped in scale. When we think of scale and whether scales in markets or Business Bank its or many business. Todays age of Slower Growth and more regulation, if you dont have scale, the odds are you cant buy it. You are not seeing big banks get bigger through acquisition. You have to build it. Slower growth, its tougher to do. ,hat weve seen is the industry in many ways, pull back to areas of strengths. Youve ended up with very different Business Models, which in itself are far more resilient. We can use different examples of firms out there in terms of how they change. Examples, cities as we are not an insurance company. We are not an asset manager. Were not a hedge fund. We are not any of those things. Were simply a bank. Thats the scale that we have pulled bac
Thanks ge aside, its rally on, garth the dow and s p up again today what correction . Because at session hides, the nasdaq wiping the 7 a 5point loss from the february 1st close to the february 9th low . Off the books. Stocks may be being po receding a bit today as many of you listen on this sirius xm, this is for you, shares up after more than a decades. The barrons article, this is cooler than the lithium channel. Bobbi sani is on on the floor of the New York Stock Exchange hey, bob. Hello, contessa we are seeing some nice moves up, near the highs of the day. I just want to point out this is the second day in a row we moved up. This is opposite of earlier last week when we went down in the middle of the day. So s p is sitting near the highs second day in a row. Theres three things that are happening. First, we are healing fast we moved down 10 . That second circle there is the bottom on the ninth we havent seen this in a while about amazon, netflix, adobe, and jpmorgan with a 52week
Playinglls a hostile is and fighter jets if it was claimed in addition to produce in exercises. North korea increased its opposition in south korea. Global news 24 hours a day powered by more than 2600 journalists and analysts in 120 countries. This is bloomberg. Live from bloomberg bloombergs will hike in new york, im scarlet fu. Joe i am joe weisenthal. Matt i am matt miller. Scarlet Jabil Circuit case for connotative monitoring policy. Matt at a speech in new york, vice chair Stanley Fischer said Government Policies can hardly counteract the impact of the games that could be holding back u. S. Economy and weighing on Interest Rates. Tugofwar been in a lately over whether the company and continue to add subscribers or if it has hit a wall. Bank of America Today reporting its best Third Quarter for fixed income trading in five years, labonte trading revenue continue to be a bright spot for Goldman Sachs tomorrow. Scarlet lets look at where the major indexes stand. We are still down bu
Quarter, they join the other wall street banks and beating expectations. European equities and trading, 30 minutes away from the tuesday session. Equity indices under lefthand side rising for the second day. On the expectation that the global Central Banks will remain accommodative. The worlds biggest yogurt maker reporting its slowest secondquarter sales growth and more than a decade, missing estimates amid a slowdown in baby food, traditionally one of its fastestgrowing businesses. It benefited in demand from china from warm you let now slowing its china shares are flat on the day. A friends distiller french distiller, shows higher. Shares higher. Growth in the u. S. Improving c sales in china and they said demand is improving in the worlds secondbiggest economy after a government crackdown on extravagant spending has dented demand for the spirits. Hennessy,h owns talking about a better china. This is an interesting chart, the spread between the german twoyear and the 30. Hovering at