That they have killed five suspected terrorists they were wearing suicide belts which authorities detonated in controlled explosions. Police say both incidents are linked President Trump responding to the attack tweeting the United States condemns the terror attack in barcelona, spain an will do whatever is necessary to help be tough and strong, we love you. Meantime, lets check the markets. The dow fell 274 points yesterday. The second worst session of the year but as you can see, its 1. 25 a big number, but 1. 25 . We always need to mention both because somehow we snuck up past 20,000, so that the big triple digit numbers on a percentage basis need to be put into perspective. It gets people nervous on a late thursday especially a late session selloff, that leads into friday its not awful necessarily this morning, but it is down, showing continuing losses. Treasury yields, the markets rallied sharply yesterday. Back below 2. 2 on the tenyear thats whar what wet were loot today. It was
Not do what the ecb wanted it to do was one of the comments i saw yesterday. The old the other question was about Mario Draghis comment that this would be the last Interest Rate cut but skepticism about that. Is it all that the ecb will do . It looks like there is a more bullish read that is happen in the u. S. And in europe. The rally to date means that for the year to date, major averages have trimmed their losses considerably, particularly the s p and the dow, now let now doubtless than 2 on the year. Of forss than 2 the year. Signs ise positive counterintuitively been the losses in the highyield. , this looks at the s p 500 total return index in blue. The bank of americahighyield index and he is pointing out that of the last four times we saw high yields fall on an annual basis, stocks then rallied the following year. This looks back at the prior instances when this happened and and stocks rallied. That is one of the reasons he is looking forward to be bullish. We will see if the r
Million super pac to Push Congress to reform Corporate Tax. Lets check in on u. S. Futures. On this thursday morning we have a higher call from markets. The s p 500 the implied open is telling us well be up maybe two points. Dow jones industrials should be gaining by 20 points. Were pricing in close to 10. 5 points. Its a mixed picture out there. The ftse 100 here in the u. K. Were down. 5 . Meantime the german dax minimal games. The cac 40 in france not going anywhere and the ftse mib pretty flat. The follow through thate saw from the asia session. Lets take a look at individual stock movers and strg demand, yes, Strong Demand in europe and china boosting profits at daimler. Logging record sales in the Third Quarter driven by new model launches. We also have swiss pharma giant roche in the news after beating targets on the first nine months of this year. The ceo said he was positive on the companys drug pipeline in the future and publicis, the ad company is cutting its 2016 sales targ
Performance. Roche getting shot in the arm as they raise guidance on hopes of a strong drug pipeline. Good morning, everyone. It is thursday. Its ecb day and the stoxx europe 600 index is hugging the flat line after the uninspiring hand over from the u. S. And asia. A couple of stories to tell you about but lets tell you what the european markets are doing one by one. The dax up by just a little bit. The cac 40 is down by just a touch. Overall not a whole lot of movement. Now Strong Demand in europe and china boosted profits over at daimler. Also roche up by 1. 3 . Publicists complaining about the business saying its simply not good enough. Angelo american down by 3. 3 . Lets talk about ebay. It is on solid ground after its split from paypal. The stock surging about 9 in after hours. This is after topping wall street earnings projections and raising its outlook for the year. It on thes to grow without paypal. 2 million new active buyers on the site in the Third Quarter. Still their pro
Futures picking up on this. Jim cramer was tweeting if youre buying this because of what happened in japan, be careful, because he does not think the markets are correlated. Watch out for it. Also, news out of europe, a survey showing that german analysts and Investor Sentiment climbed more than expected in august. That news suggests that europes largest economy is regaining momentum. Well have more from our colleagues in london in a few minutes. In corporate news, yum sales in china sliding more than expected in july, down 13 . Among the reasons, the heat, some analysts say the companys lack of cool drinkz and ice cream meant could nsumers looke elsewhere. The kfc parent is trying to bounce back from the dublg double impact of a food safety square and bird flu outbreak. A new director may be named as part of an effort to resolve the dispute with bill ackman. Ackmans effort immediately remove interim ceo mike ullman would apparently be put on hold. We talked about this story. I dont ge