Light today. Ittle a is still a risk tone risk off tone today. I want deeper action with our markets report is ranging from equities, bonds, currencies, and commodities. Small caps are having a great day, they are bricking to a 52week high. Chart. Ake a look at this our colleagues are seeing this breakout happen, the s p 500 and blue on top. The russell 2000 right there, they risk on the rally. The small caps are not so much, seeing a bit of the trading range. This is until today when we see a bit of a breakout, now that we have the small caps on board. Roomoks like we have some to roam run. Have beenn equities doing quite well, so what is the cause of this in the u. S. Equities . Its really emerging markets, you see the emerging markets index, this was from about the performancertlived of u. S. Equities reached its venous its zenith. What would make this much worse is that the biggest contributor to the emerging markets index, alibaba, was not doing well. There were shares of the tech
Past couple of months. Joe very impressive. Good into this weekend. Lets dive deeper with our market reporter. Get us started. I am looking at this giant rally in biotech stocks. Etf jumping,otech the secondbiggest gain among etfs bigger than five dollars in assets. It was led by a Chinese Company after thed 37 company was said to take 37 . Also rallying about 2 . Aminogen jumping 28 after aminogen jumping 28 after boosting its revenue forecast for the full year. Biotech is one of those sectors that is not broken out to new record territory. 10 ibp etf still down about from last year and 70 from its high in 2015. It is an interesting sector to keep an eye on if and when the speculative Growth Stocks become darlings of the market. Luke i am looking at one of the last few things that bears are hanging their hats on. The failure to really confirm the recent highs in stocks. If you look at highyield spreads, investmentgrade spreads, even yields back to energy, we are not making new tape ev
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
Against the dollar. The bitcoin bounce. The cryptocurrency surges more than 7 as trading starts on the worlds biggest futures exchange. Are we heading for another new year selloff . Matt were less than a halfhour away from the european open. Lets take a look at how the equity Index Futures are doing with no comment from the on the bitcoin news. You see futures down a third of down. 2 . We saw big gains for futures earlier, so if we have red arrows across the board on futures, that is interesting considering how strong they were this morning about 10 minutes ago. How it is interesting things are starting to turn around, because friday we saw be s p 500 trading up by. 9 . The nikkei overnight is up. Matt i am going to say that those futures were somehow incorrect. I still see strong gains on my bloomberg. The dax futures are up. 8 . I am going to say those should have been green arrows. Guy always believe the bloomberg i think of the message from this. That is the takeaway. 9 . P 500, up
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema m infa for sara eisen. Good morning. Good morning to you great to have you with us lets get to the Global Market picture. Its an encouraging one. Yesterday, record closes note just for all three main indices that youre looking at, but for the russell, for thel transpor as well. The nasdaq up 0. 8 the s p and dow up about 0. 6 . The year for the w3ow thats roughly one every four trading sessions. E extraordinary statistics rp r yesterday. Utilities the worst. Could be another positive set of record closes. The dow higher by 72 points, nasdaq by 10 s p by 5 it was a riskon day for the bond xdarket. We saw selling of bonds. Yields rising. The tenyear pushed up to 2. 39 , where it sits this morning as well global stocks have had an encouraging start to the week. Letse1 look at how asia perford overnight. Mostly tof4npside. C the shanghai upqnearly 1 , hang seng up about 0. 7 one event to watch this week will be