Walmart stock unchanged in the premarket. Jonathan we begin coverage in europe, where too many, its hard to reconcile rising global uncertainty with Economic Data that showing resilient economy. We had to france where greg is standing by. I want to begin with the politics. Marine le pen and the National Front touching up in the front for the second round. It has much more to do with security than it does with the economy. If you go back a few weeks, the poll showed are leaving in the first round and getting stung in the second round. Losing, somewhere in the 30 range. Her opponent would get somewhere the 60 range. It takes a much tighter race for the second round. Seeing high 50s for her opponent, low 40s for her. Theres a bunch of reasons. She has definitely had the security issue, but the incident at the louvre recently. There were riots across france after the release after the police brutalized a young man. Some of her opponents took the side of the young men who got in trouble wit
Daybreak asia. It is just after 7 00 in your. We were just discussing, it looks like the markets in asia are taking up on the rally we have seen here in the u. S. On the back of real estate stocks and retailers. The reflation trade seems to be back in the spotlight. You have consumers feeling pretty good despite all the turmoil we have been hearing about washington. Yvonne absolutely. About the most talking how you can keep it off the table. Take a look at the odds, we still at 34 were a rate hike. December ifago from you compare it, it was 100 . This market is not ready for a move. Betty far from a given right now. But lets see how the market open is playing right now. Sophie we are seeing Risk Appetite come back somewhat. With the yen weakness poker it thats filtering through. Take a look at the nikkei 225, it is higher. 01 there. An eye on stocks like toshiba over the cost of the day. Over on the kospi, that is extending gains for the third day. On tuesday, the kospi did raise the h
President Loretta Mester. Minutes away from the open in china and hong kong a meandering day when it comes to the asian markets. Comingrecord closes through from wall street as they played catch up after the president s day holiday. Singapore, taiwan, and asia coming online. Sophie, how are we looking . Sophie lets look at the risk radar. About have gold up high 0. 1 in the dollar waning somewhat. Some strength back in the nikkei 225. Toshiba was up 7. 5 . Maintainingots be tuesdays climb. The asx 200 turning positive after opening weaker this taiwan, theyver in 0. 5 highernline at today. Tsmc may be throwing its hat into the ring for a toshiba chip set sail. We are hearing that from the singapore straits times. Earnings very much in focus. That is what is giving investors hesitation. About 70 of companies in the msci asiapacific index have recorded result in half of them have beat expectations. Haidi be very much a very mixed bag. You are seeing uncertainty as to where this rally goes
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London pre-open: Stocks seen higher ahead of services data
Wed, 3rd Feb 2021 07:33
(Sharecast News) - London stocks were set to rise at the open on Wednesday, taking their cue from a positive session on Wall Street as investors awaited the latest reading on the UK services sector.
The FTSE 100 was called to open 33 higher at 6,550.
Naeem Aslam, chief market analyst at Ava Trade, said: European and US stocks soared yesterday, and they are set to extend their gains today. There is no doubt that there is strong demand for riskier assets, and risk-off derivatives have fallen out of love- for now. Looking at yesterday s European GDP numbers, investors are clear that economic damage hasn t been as worse as they thought, especially that the Q4 GDP number was a lot more promising. Having said that, the extension of the current lockdown and the EU failing to get mass people vaccinated means that we are bound to see some economic weakness during the first quarter of this year.