We got to look at the markets, 30 minutes into the friday session, one of the last of the year. Julie hyman is here and we are higher. Records again, at least on a closing basis, for the dow and the s p. A nasdaq not quite getting there. A list across the board for the three major averages. If we break it down and look at individual components, we will see strength as well. In retail, for example, both on the supermarket side as well as on the Specialty Retail side, we are seeing strength today. Costcosupermarket side, leading gains after the company came out with earnings that beat estimates. The Company Reported another quarter of increasing comparablestore sales, or i should say another month, 14 months in a row that costco has seen games in that area. In addition, membership rates are holding steady, which is better than cosco had anticipated. It is higher. Walmart and target are also getting something of a lift. Outside of supermarkets, looking at Specialty Retail, were looking at
Lets look at how markets are shaping up as equity markets are trading for another 30 minutes in europe. Gnm looks cross asset. Benchmarks down by more than 1 . Down almost. 9 . On to phasemoving two. The trade talks will not officially start until march. The e. U. Commenting it will get harder from here. It looks like assets are not optimistic about the progress in talks. The euro down. 1 . It was stronger against the dollar earlier in the session. We have seen the dollar pickup up in the last 30 minutes on reports mark rubio might be voting yes on the tax bill. When it comes to fixed income, the treasury yield higher. Up to the basis points. In europe, a number of fields moving lower. You can have a look at the picture across europe in the equity space. Even though we are down overall for a third day on european equities, ftse up. 3 . Spain off by. 4 . Earlier, i said the euro was trading higher. Lower now. A lot of people saying the euro could rally. It will be the year of the euro i
The russia 10year drops after they eased more than people expected and said there could be lower rates, more than people thought asked year. Of we are looking at the home, stock index, that is down 1. 5 . Volatility is the highest in the year. Of this stems from the idea that global banks are going to enter into a tightening cycle. The u. K. 10year is dropping by two basis points. The bank of england is probably not going to raise rates anytime soon, growth is not jumping off in any major way. The brexit negotiations are ongoing and complicated and possibly getting more complicated, if possible. Alix it was steady as she goes, not doing anything to ruffle feathers. Supportive of markets, if anything were to disrupt them, that could equal to a negative yield index. Alix lets talk about what its making headlines. This is emma chandra. Emma brexit talks can enter phase two here and they agreed that the british Prime Minister has complied with their divorce conditions. Now they will discus
Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
That limit their liabilities tied to the satellite. The European Central bank with the change the narrative on the state of Economic Affairs across the continent. Speaking today at a conference frankfurt. It would to focus on the future. We want to strengthen the recovery. It is an extension. It is not about moving out, it is about the pairing for the next session. And as strong as possible when it comes. The link to the better, obviously, but we have to prepare for that. He also said that some economies in europe need Structural Reforms to make the Single Market work better. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. It is noon in new york city. 5 p. M. In london, and 1 00 a. M. In hong kong. Markets. E to bloomberg your other top stories and around the world that we are following. U. S. Stocks in retrieval after hitting alltime highs on wednesday. Bonds are under pressure to as th