Small boats crisis. And that story about the surgeons is so shocking. These surgeons is so shocking. These women surgeons are being sexually assaulted in the operating theatre. Sometimes dunng operating theatre. Sometimes during surgery. How appalling is that . That . Its quite mind blowing. You its quite mind blowing. You have to stay tuned really to hear the details of all of that. And Everything Else were talking about this morning. Vaiews gbnews. Com is the email address. Touch address. Please get in touch with us. First, here is the with us. But first, here is the news with ray addison. News with ray addison. Thanks. Both good morning. 931 our top stories. The 931 our top stories. The chancellor is defending the british job market despite rising unemployment figures released today across the uk. Unemployment rose by 0. 1, reaching 4. 3 in july, while Job Vacancies fell to below a million. Jeremy hunt says that remains below many of our international peers. Meanwhile average growth
In u. S. Stocks. All three major averages touching closing records. The nasdaq the only other three to also trade at an intraday record as we see strength on this day when we have a smattering of earnings reports to keep an eye on. That is one of the things helping boost the stock market. Also in the case of the stock market, technology is outperforming. Word aboutsay a volume. One of our chart masters cooked up this chart. Here is the average volume if you go back over the duration of the bull market. Here is this year in white. And the low of the bull market is here in red. 2017, volume has been running well above average. It started to arise a little bit, but again, still below the average line. Something to keep in mind as we enter this latest stage of the bull market. Back to earnings, i mentioned a smattering of them today. Tocks are rising, helping support overall gains in the s p 500. The packaged meat make a harm ormel, theiret h averages up 2. 5 . Medtronic coming out with ea
Brussels after a significant defeat forcing to give parliament a vote on the final deal. We are live at the summit. Security soft where maker jim wil focus onto accelerating growth. Lmatt where less than half a note half an hour away from the open. Much Central Bank News, volatility at a low level. We do not see much direction, direction but not much size as far as futures are concerned. Down across the board but only fairly small moves with the exception of when you get into the dax. Enter frankford a drop of one third of 1 . Take a look at oil. Interesting today, everyone is focused on rates, people will be focused on currency and stocks. Do not take your eye off oil. This is a threeday trade of nymex crude here crude. We are down 2. 5 as u. S. Output has risen to a 30 year high. Eight weeks in a row of gains for oil. Watch this space. I am behind you. Lets talk about the gmm and figure out what is happening. And what has been happening in some of the equity markets. Switzerland more
Four governors in the central bank of mexico. It is his first meeting as head of the central bank. In the event of a tie he was expected to be the tiebreaker. It looks like that is what ended up happening. We are not seeing much of a reaction. The dollar versus the mexican peso. We are seeing the dollar higher by a quarter of a percentage point versus the mexican currency. On the bond side as well. Heres the mexico 10 year yield year to date. We have seen a little bit of an increase over the course of the year. 7. 38 at this point in time. Thats what we are seeing markets wise in terms of reaction. Julia . 5 basis points expected and. 5 basis points we got. Joining us with more is carlos rodriguez, bloombergs Mexico Bureau chief. Obviously julie mentioned the personality changes. Are also fighting higherthanexpected inflation and of course they are chasing the Federal Reserve who also chose to raise rates this week. Exactly. It was suspected that the hiking was going to be for 25 basis
Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic