Wall street on how donald trump will shape and deal with business, energy, foreign policy, diplomacy. President elect trump outliningg to the how he plans to eliminate conflicts of interest of his role running a successful corporation, to overseeing the operation of the entire federal government. In that sweeping News Conference, trump also announced his new Veterans Affairs secretary pick. He provided a timeline for a Supreme Court nominee. But right at top of it, he dismissed a new salacious report about him and he admitted that russia hacked the dnc. Now one thing he said immediately moved the markets. Dow jones industrial average was within 27 points of dow 20,000 before trump pretty much murdered an entire sector, the word murder came from him. The sector he buried six feet under, they charge the post tooo much of your money. Wee talk about that in a second. Secretary of state nominee Rex Tillerson still on capitol hill in hour five, testifying about everything from his relationsh
I cannot be in favor of it. Plus, britains got talent, and france wants it. Residential hopeful emmanuel workers tos skilled return to france after talking to theresa may. Fore are the figures germany, Business Confidence coming in at 111. Stronger than the markets were expecting. They were expecting a figure of 109. 6. It is stronger than expected. A little bit better than expected growth figures. This is the picture for eurodollar. Lets get straight to your markets. Yesterday, we had record highs for the u. S. , and that means it is probably still going through a little bit when it comes to european stocks. I want to show you movement on japan as a haven. Volatility yesterday was gaining 4 . Brent crude, if you are looking wti. At markets, look at brent at 56. 53. This is my favorite bloomberg. This shows you the german twoyear yield. Is further into negative territory. This is the zero line for the german twoyear yield. The three main reasons for this it is a haven, there is support
Where we are not looking at a record of some sort. S p 500 and nasdaq, small declines, down. 2 , these represent the worst inclines in the month of february. This speaks to the bullish action we have been seeing since february. The 10 year yield has been done recently, not influenced by the existing home sales report. Represented in green, telling us haven bonds are rallying. Looking at existing home sales data relative to those low inventories, if we look at the bloomberg, in white, we have the inventory numbers. There is the lowest level since when we are looking at now. Here are the existing home sales. Climbing but certainly constrained by those super tight inventories and the lack of homes for people to choose from. Speaking of homes to choose from, Toll Brothers popping higher today, on pace for its best pace since august after a massive earnings beat. They beat earnings by . 25 25 . , basedlivered more homes on the fact that there is less competition in the highend luxury buildi
109. 6. It has also seen the Current Conditions index at 118. 4 in february. Reuters consensus was also for a lower number, at 116. 7. So well and truly beating on a number of different lines today. In terms of the expectations index, 104 seen in february versus 103 in a reuters poll. So it is showing us conditions are coming through strong according to sentiment in the economy of germany. Euro this morning has been trading weaker. We are down about a third of a percent. Lets take you through some of the European Market action. The ftse climbing 0. 2 . Above 12,000 on the german stock market. The dax has been trading higher, the highest point since april 2015. So very firm start for german stocks. Italian stocks are fading. This morning, shares have hit a 14 month high, earnings driving some big reactions in europe. Shares in Lloyds Banking Group Getting a boost after profit hit a tenyear high in 2016. Lloyds reported pretax profit of 4. 2 billion pounds, about three times what it repo