Warning against seating Telecom Infrastructure to china. We get reaction to that. And tesla turned our heads this week. Look back at some of the biggest stories in tech. To our top story, u. S. Equities headed into the Holiday Weekend on a positive note after the release of steady figures for retail cells and with investors continuing to weigh contrasting data from china on the spread of the coronavirus. The s p 500 closed at record high after swinging between small gains and losses in fridays session. To discuss todays Market Performance and technology we are joined by laura kane of ubs. To kick us off, i want to take a look i am showing from my terminal. As you know, the trade of 2019 was u. S. Versus the rest of the world. I was speaking with david kelly, the global cio of jp morgan Asset Management who was trying to make the case for over waiting International Equities. Are you still trying to overweight International Equities or do you think it is u. S. Versus the rest of the worl
This is bloomberg surveillance and im Francine Lacqua in london. We are just getting some breaking news from the oil markets. Its 2017 lifting growth demand estimate to the strongest in two years. This is significant because we heard, i guess from insiders that opec, along with its allies, are also said to be discussing expanding cuts by more than three months. What does that mean for oil . The iaea says the strongest Global Oil Demand growth in two years. Brent, 54. 32. We will be speaking, right here on surveillance. In the meantime, it is time for you data check. We saw gains over the last couple days. These stocks are definitely rallying. Treasury yields are declining. The dollar snapping a two day advance. I will show you crude and the pounds, ahead of the u. K. Jobs data at 9 30. Reporter apple has unveiled its 1000 iphone, which features of rented reality and facial Recognition Technology. The company also rolled out an updated apple watch and tv box. The product announcements w
Im wilfred frost. Im Kayla Tausche in for sara eisen. Good morning thanks for allowing me to come back. Youve been keeping it warm sense both of since both of us n out. Just one day futures pointing lower this morning. Well come to International Markets in a moment. A triple digit decline for the dow. Down about 100 points. Nasdaq down 27 s p down 10. Late last week, we had that pull back and a bit of a selloff. Early this week had seen a bit of red, but muted declines, 0. 2 yesterday we saw energy as the worst performer. Oil was slipping ge selling down. It was down over 5 . It was energy, the big decliner yesterday. Thats because oil prices slipped 2 theyre slipping again today commodities is a big part of the risk off move weve seen both yesterday and today in asian and european trade oil off nearly a percent 55. 2 for wti tenyear treasury note, yields have slipped significantly globally yields have been slipping and pulling down u. S. Yields the last day or two the u. S. Yields mov
From soft banks investment partners. Yousef it is 8 00 a. M. In dubai. This is Bloomberg Markets middle east. Yousef let us get you up to speed. This was the state of affairs on thursday, broadly a negative picture, down 1 5 of 1 . We had a Bank Earnings and saudi arabia, two of the biggest ones have yet to report, were seeing Downside Pressure on saudi british. Keep an eye out on what is going on in egypt, their stocks surging 3. 9 . Egypt received 2 billion from saudi arabia, that gets them closer to the six playing dollars they need in bilateral for theg that they need 12 billion loan. Lets look at how markets closed in the u. S. 12. 2 . S p 500 up oally markets trading water n the back of Janet Yellens statement. Speaking of janet yellen, when she speaks the world reacts, and her positive outlook on friday sent treasury yields surging. I would say complacency has been shattered. Weve put together a chart to take a closer look at that. This is the spread between the fiveyear and 30
Where Ramy Inocencio has the latest. We keep hitting highs of the session. Amy we have basically canceled all the losses as if friday never happened. An hour before the close, the dow is up similar with the s p 500. By 1. 5 . Q up the most lets take a look at the imap and i want to show you the actor health of the s p 10 sectors. It continues to be a rally based on the energy sectors. Look at the rest of this green here. Its also a broadbased rally with materials not far behind energy. Information Technology Similar and health care up by 1. 4 . But energy has been the name of the game. Up by 3. 3 . We are looking at highs not in the past six months or so. This Goldman Sachs says that it in hat it has increased its price or cast by several dollars. They are citing a couple of things militant attacks happening in nigeria. That comesing demand earlier than expected. Stocks hitting a bum. Lets look at some of the biggest percent risers here. Forget about a big m and a story we have an cove