The video that this transcript is based on appeared on Nov 12.
NEW YORK ( TheStreet) -- Tesla's stock reversed recent losses, more earnings are expected, Blackstone's Extended Stay America hotel chain is set for public markets and why Jim Cramer likes Macy's ahead of earnings.
Good morning for the Nasdaq MarketSite in Times Square on a rainy day here in New York City. I'm John Marino with your global market report. Here in the US markets are mixes were heading into the open today we've gotta big IPO on the way, Blackstone's extended Stay America hotel chain expected price later. Overseas we've got losses in Europe, pretty decent day so far for Asian investors we've also got a new report out this morning coming from the Organization for Economic Cooperation and Development suggesting economic growth is set to pick up in the euro zone in China and the UK, but India Brazil and Russia are expected to remain sluggish in 2014 the OECD's leading indicator suggesting global economic growth is likely to pick up in the months to come, easing concerns that a continued slowdown in China and elsewhere in developing economies could offset pickups in developed economies while the global economy will perform less strongly than previously anticipated, it appears more likely it will grow rapidly in 2014 than in 2013. We're going to get back now to market moves overseas in Europe or about midway through the trading day we're gonna turn to Laura Board she's in the deals London newsroom with more
Morning John on European stocks predominantly down, as investors focus on corporate news which is on balance marginally negative, Asian stocks held up better the Nikkei posting a gain of 2.2 percent on the rising Yen, the Hang Seng in Hong Kong down however one point seven percent. Here in Europe the Footsie the Dax the CAC all down. In the UK we've had some surprising figures on consumer price inflation rate for the month of October is just 2.2 percent down from 2.7 percent in September, way below expectations and the heading towards the Bank of England's target 2% rate this all means that the central bank is less likely to raise rates anytime soon. One company here in London that caused a splash is Vodafone Group the wireless services operator. It's brought forward and increased a capital expenditure program it calls projects "project spring" to upgrade is network infrastructure. Its spending about us 11 billion dollars an extra 1.6 billion from the figure it announced back in September. Moody's has said today other telecoms may struggle to compete and that's probably contributed to sharpish rise in Vodaphone (VOD) stock today even as first half sales and earnings fell short of expectations.
That was Laura Board latest coming for the Deals London newsroom now in a check out our Nasdaq wall over here.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV