Bloombergs Abigail Doolittle is here. Thin trading today. Abigail youre right about that. Small gains for the major averages. Nothing to write home about. Many investment traders taking a holiday break, certainly from the trading action. One exception look at the dow. 5 , buckingown the small gains trend for the major averages. Lets look at the major drags. The truckers, at logistic companies, and of course, union pacific. Jb hunt down 1. 9 after the Trucking Company did preannounce it fiscal Fourth Quarter. The earnings below consensus by about 20 more than 20 . It could have summoned to do with a onetime charge plus insurance claims, that even so this does seems to be putting a drag on the space. Union pacific down 7 10 of 1 on coal. 7 on coal production. That is a bit of a drag there. On the other hand, we have two of the big tech names trading higher apple and amazon. Its first day this week. Amazon higher for a third day in a row with writer saying they are in talks to open direct
Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf