Return to Transcripts main page
CNN Live At Daybreak
International Market Update
Aired September 01, 2003 - 05:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Now though a look at the markets overseas. The U.S. financial markets are closed for the Labor Day holiday, but let's see if last week's positive numbers are having an impact on today's European markets. For that, we head live to London and Todd Benjamin.
Good morning, Todd.
TODD BENJAMIN, CNN CORRESPONDENT: Good morning. Absolutely right, Carol. Last week's positive numbers and positive close on Wall Street on Friday helping these markets to lift on Monday.
The other things that's helping the market, especially on the continent in Germany and France, manufacturing showed its first rise in new orders for the first time in six months. And that's a real positive because now Europe really has been struggling, compared to the U.S. economy. And so that is a real plus if that is the beginning of a rise of new orders, because eventually that could mean unemployment. And unemployment, of course, in Europe is high.
Let me give you the numbers very quickly here. The FTSE in London's up one percent. The DAX in Frankfurt is up two percent. The CAC in Paris is up 1.5 percent and Zurich (unintelligible) is up 1.75 - one percent.
But even though the U.S. markets are closed today, you know, people are feeling a lot better this Labor Day about what the market's been doing than last Labor Day because the Nasdaq has now risen for seven months in a row. And the Nasdaq and Dow are up six months in a row. So a lot of feel good factor in the markets.
Carol, back to you. Have a great Labor Day.
COSTELLO: Oh, you, too. Thank you, Todd. We appreciate it.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired September 1, 2003 - 05:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Now though a look at the markets overseas. The U.S. financial markets are closed for the Labor Day holiday, but let's see if last week's positive numbers are having an impact on today's European markets. For that, we head live to London and Todd Benjamin.
Good morning, Todd.
TODD BENJAMIN, CNN CORRESPONDENT: Good morning. Absolutely right, Carol. Last week's positive numbers and positive close on Wall Street on Friday helping these markets to lift on Monday.
The other things that's helping the market, especially on the continent in Germany and France, manufacturing showed its first rise in new orders for the first time in six months. And that's a real positive because now Europe really has been struggling, compared to the U.S. economy. And so that is a real plus if that is the beginning of a rise of new orders, because eventually that could mean unemployment. And unemployment, of course, in Europe is high.
Let me give you the numbers very quickly here. The FTSE in London's up one percent. The DAX in Frankfurt is up two percent. The CAC in Paris is up 1.5 percent and Zurich (unintelligible) is up 1.75 - one percent.
But even though the U.S. markets are closed today, you know, people are feeling a lot better this Labor Day about what the market's been doing than last Labor Day because the Nasdaq has now risen for seven months in a row. And the Nasdaq and Dow are up six months in a row. So a lot of feel good factor in the markets.
Carol, back to you. Have a great Labor Day.
COSTELLO: Oh, you, too. Thank you, Todd. We appreciate it.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
