Good morning. Welcome to Worldwide Exchange. Im wilfred frost. Im Courtney Reagan lets get to the Global Market picture declines yesterday, albeit just slight declines, between 10 basis points and 20 basis points we are still up week to date coming into today, a quarter percent. It looks like well add to that, about 26 points higher on the dow this morning the story of the week has not been equities so much as bonds significant move higher in yields especially in the long end weve seen a steepening of the curve in the last couple of days we did not quite hit 2. 6 on the tenyear yesterday we reached 2. 597 the rise in yields has since abated since the peaks of yesterday. 2. 54 we stand at today significantly higher than fridays close look at the trading action from around the world. Starting in asia a mixed picture in asia. Mainland china did see equities turn in higher at the end of the session. The nikkei was down 0. 3 , as was the cob p kospi was down a half percent. The shanghai log
Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets check in on the Global Markets. Futures pointing slightly lower as we look at things down a couple points 0. 6 points for the dow the nasdaq down 5 points it comes off a day of big gains. Up 1. 25 for the dow yesterday the nasdaq was up over a percent as well. The s p up just less than 1 lets look at in terms of where were going next coming up is the bond market nope bond market next tenyear treasury note coming up a yield of 2. 55 this morning. 2. 6 , we have crossed over that important milestone on the tenyear treasury note amazing to see the fiveyear is around 2. 4 that level we took so long to get past on the tenyear we got data out of china Fourth Quarter gdp at 6. 8 slightly above the 6. 7 consensus. That leads the full 2017 growth rite at 6. 9 retail sales were softer japan is lower the other markets are higher european trade, down about a half percent for the week as a whole. Coming in to a mixed se
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, massive margin. Its down less than 0. 1 we look at the individual markets, you can see its a bit of a mixed picture t
For its emissions settlements, while munich prosecutors arrest an exporsche executive in the emissions probe. And a new dynamic in brexit talks. Theres progress in the latest round of discussions as brussels indicates that it may be open to Prime Ministers hopes for a transition deal. Good morning its been a busy week for the markets. Today markets are range bound, at least when it comes to the stoxx 600. We are flat as a pancake i want to let you know we are heading for the best monthly gain this year in part because weve seen the weaker euro throughout september. Even for the quarter, the Third Quarter, were on track for a quarterly gain after we fell in the Second Quarter due to the euro strength. Lets look at the european markets one by one the ftse 100 up by 0. 4 . The dax up by 0. 2, despite weakness in the automakers the cac 40 slightly underperforming. By in large Still Holding on to twomonth highs. When it comes to the sectors, this is the picture. Autos is one of the key unde
Thanks for joining us. Thank you for joining us. Lets look at the market picture it comes off a day of fractional gains. Essentially markets were flat. For the week, the dow is up 1 the s p and nasdaq 0. 6 p , 0. 7 were set to open 11. 3 points higher for the dow yields above 2. 3 for the tenyear, that nice rise in yields we saw over the course of last week, up to highs of 2. 34, 2. 35, just down a bit. 2. 32 the yield on the tenyear. Another quiet session in asia with markets in main lan china, hong kong and south korea closed today the nikkei up just a hair. 0. 01 . I guess it counts as a gain. Hardly at all. Lets look at europe a marginally mixed day on wednesday. If we look where we are now, we are mixed here we see markets totally flat in france the xetra dax down 0. 2 . Spain rallying again here, 0. 6 . Spain closed down 2. 8 yesterday. That was after the king made a speech the prior evening, did not go particularly well sort of elevated fears of more clashes or catalonia calling