0
0.0
Apr 23, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
services is the driver for the uk uk economy above the estimate of 53. similar to what we saw in the eurozone which was expansion. however, it was led by services with manufacturing in contraction territory. flash composite above the estimate of 52.6. manufacturing in contraction at 48.7 which is below the estimate of 50.4. services continues to be the driver at 54.9 which beats the estimate of 53. a surprise to the upside with services. > >> just as a reference point for viewers, i looked at the potential rate cuts from the bank of england, frank. they are pricing in a 75% chance of seeing the first cut in the month of august. let's see how the data will continue to pan out. with the latest data in mind, i want to take you to the equity markets in europe. we are seeing the major boards trading in the green. we have seen the ftse 100 crossing above the 8,000 mark hitting the fresh record high. it is up by about .30%. we have seen a lower sterling and weaker sterling and investors piling in on the market which contributed to the momentum with the uk equit
services is the driver for the uk uk economy above the estimate of 53. similar to what we saw in the eurozone which was expansion. however, it was led by services with manufacturing in contraction territory. flash composite above the estimate of 52.6. manufacturing in contraction at 48.7 which is below the estimate of 50.4. services continues to be the driver at 54.9 which beats the estimate of 53. a surprise to the upside with services. > >> just as a reference point for viewers, i...
0
0.0
Apr 19, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
treasuries and european bonds. >> let's bring the conversation to the uk. we are also monitoring what the bank of england is saying and similarly to the united states, there's an upcoming general election we know when it will take place. how do you think about the vote and commentary from the bank of england and what it means for the bond market? >> in terms of the election. the election has not been talked about that much because both looking to the the approach. normally, the labour party is a concern for the labor market with more aggressive fiscal policy the ability for the chancellor who is more to the right of the labour party would be a safe pair of hands and given the likelihood labour is going to win the election with the polling, that is calming markets somewhat that nuance is more how they use the physical pie for instance. they will probably raise on the private education. things like that politically motivated. it's a fiscal size between both parties. >> you know, we are talking about the overall dynamics with the decoupling between the fed and
treasuries and european bonds. >> let's bring the conversation to the uk. we are also monitoring what the bank of england is saying and similarly to the united states, there's an upcoming general election we know when it will take place. how do you think about the vote and commentary from the bank of england and what it means for the bond market? >> in terms of the election. the election has not been talked about that much because both looking to the the approach. normally, the...
0
0.0
Apr 23, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the ftse 100 here in the uk has crossed above the 8,000 mark. it has to do with the weaker currency and the investors have seemed to choose more defensive parts of the market in the likes of shell, astrazeneca and so on which has been driving the market here in the uk. we are monitoring the tech space. at this stage, the tech sector is out performing the rest of the market by 2%. here, frank, it has to do with some of the earnings with s.a.p. beating the forecasts and also what is happening stateside. we are waiting to hear from big tech later this week. >> we call football soccer. silvia made a face when i called it soccer earlier. thank you, silvia. >>> turning attention back to the markets which rebounded from the selloff. nasdaq and s&p snapping a six-day losing streak ahead of the busy week of earnings. r one strategist said it is not over yesterday. jpmorgan chase's kolanovic said market concentration has been very high and positioning extended which is typically a red flag. it is all adding to the downside risk. he has had a low-end targe
the ftse 100 here in the uk has crossed above the 8,000 mark. it has to do with the weaker currency and the investors have seemed to choose more defensive parts of the market in the likes of shell, astrazeneca and so on which has been driving the market here in the uk. we are monitoring the tech space. at this stage, the tech sector is out performing the rest of the market by 2%. here, frank, it has to do with some of the earnings with s.a.p. beating the forecasts and also what is happening...
0
0.0
Apr 26, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
today, we have the benchmark here in the uk trading higher by almost .5% the index has been trading at about fresh record highs it crossed over the 8,000 mark and it is continuing to trade above the higher levels. we know that is related to the fact that sterling has gotten weaker, but some positive momentum in particular in some of the companies that investors have been looking at with the defensive parts of the market which has propped up the index with other moves across europe, cac 40 is trading higher by .3%. in germany, the benchmark is up .6% a lot of these moves have to do with some of the corporate releases we have received this morning. let me take you to the sector to understand a bit more of the picture and message for some of the corporates at the top, the out performer at this stage is the tech sector trading higher by 1.6% we have been following the tech sector closely because we have heard from the big tech companies stateside. some of the corporate releases in europe have been positive let me share this stat with you. st stateside, the tech sector is up 3.2% that has c
today, we have the benchmark here in the uk trading higher by almost .5% the index has been trading at about fresh record highs it crossed over the 8,000 mark and it is continuing to trade above the higher levels. we know that is related to the fact that sterling has gotten weaker, but some positive momentum in particular in some of the companies that investors have been looking at with the defensive parts of the market which has propped up the index with other moves across europe, cac 40 is...