A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held by the rebounded in oil, Energy Stocks doing very, very well. I want to show you whats again on with European Equity markets. We are modestly higher no huge gains. Weve had so many earnings out this morning. By and large, they were better than expected. Jpmorgan saying the proportion of Companies Beating earnings estimates is the highest since they started compiling that data since 2009. Go figure. The xetra dax higher by 0. 2 the ftse 100 also up by 0. 3 . That means were good at revising lower
Listening . We are going to speak to the banks chief global strategist, peter oppenheimer. Matt where a halfhour away from the european open. Take a look at where we see pictures we are a halfhour away from the european open. Take a look at where we see futures trading. As today, although today, the dax is underperforming. We will see what happens in the cash market. Take a look at bunds. I have a threeday trade up here. You can to the yield over the well, yesterday was a big drop. We dropped at one point, five basis points. When youre only looking at 45, there is a pretty big loss. You see an unchanged trade but really coming down. Just barely inching above that today. A lot of pressure on yields and a lot of pressure on the euro. Guy absolutely good yesterday, a risk obsession that was driven by north korea. You saw some the Technology Stocks getting battered. Today we wondered whether that is going to reverse. Janet yellen speaks later on. We have seen the dollar bounceback as we ha
Strong earnings beats for google parent alphabet and fellow tech giant amazon drive nasdaq futures higher in afterhours trade, after the nasdaq extends its longest winning streak since 2013. Good morning. Welcome. Youre watching street signs on cnbc. We have an hour together. Im super happy youre with us today. I have big news. Ill share that with you with Peter Oppenheimer. I know you rejigged your day a bit to say hello. Greatly appreciate it. Because today is my last day. Sorry to hear that. So we put together a packed show, and im super pleased to talk to the likes of you. Thank you. Sorry to hear youre leaving. Its been a fantastic run. 17 years. Couldnt have been better. I couldnt have asked for a better ending to it either. Well touch on some things here throughout the show. One highlights has been talking to you over the years. I think we met in poland initially . I think it was. Way back when at an event. We were talking about equity markets at that point in time. That was a c
The work surveillance in london. This is a after the weekend of terror in london we will be live to the scene of the attack and to westminster with the latest on the investigation and a knock on effect this will have on the u. K. Election. Its on thursday, june 8 that the u. K. Kosovo. We will be joined by anna and nejra in just a second. But first heres first word news. Lets get started with oil here. For countries like by saudi arabia cut diplomate ties with qatar and access to the nation started over and its support for the muslim brotherhood. Rex tillerson has urged members of the Gulf Cooperation Council to remain unified. We encourage the parties to sit down together and address these differences. If there is any role we can play in terms of helping them address those, we think its important for the gcc remain unified. Says present jamie dimon says the bank is hoping to get up on the license in the country and would consider another venture in asias largest economy. Progressave m
Embarrassing this country and throwing the election of donald trump. Lets make a deal. Vw shares get a boost after report that german automaker could be nearing a deal with the u. S. Justice department and shares of lufthansa over challenges to Earnings Growth. Good morning everybody. And welcome to the show. Very glad to be back and glad youre all with us for this hour. Still a new year for many of us. The stock share of 600 opening to slightly mix hadded this morning as you would have seen edging just a little bit lower despite the positive data from germany. A 2. 2 rise in the year to november. A 5. 6 rise in exports as well. That was quite a bit better than anticipated. In europe were still just moving a little bit lower. When it examines to some of the sectors and our main markets that trend is reflected in the markets. Autos bucking the trend. With regards to some of the auto sales figures looking quite perky. Basic resources higher and telecoms off by right around 1. 3 . Well be