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
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
Is set to widen, looking into whether the president s limited attempted to slow the Michael Flynn probe. Anna a very warm welcome to bloomberg daybreak europe. Our flagship morning show here in the city of london. Us she finds the story the fed told us what theyre going to do incrementally about the Balance Sheet but what is the dollar more focused on . Its down 6 this year. Its focused on this, the economic surprise index in the United States of america is careering towards zero. We have not seen that since the president of the United States was elected, and there is your dollar index, giving it all back. What is the dollar really focused on . Anna focused in the longer term around this. The dollara boost of around what the fed did but that was only after it sold off inflation earlier in the day. That astalk more about we go through the program. There are stony some another stories we want to get to as well. The msci hes in the red, down. 8 . A lot of that has to do with what were see
Remaining unfailingly optimistic , the method the stock could jump in. Amazon delivering for jeff bezos, making him the fourth richest person in the world. Nearly 62 billion. Please follow me on twitter. Singapore trades, on the way down, just over 15 . We are expecting a drop of about 9 there, as well. We want to see if there have been any reactions there. Pesos,much unchanged, 46 69 could buy yourself a dollar. In china and indeed in hong kong, taiwan and malaysia coming on stream with julia. Juliette we are watching the south east stocks quite closely today. Youve seen a pickup in the singapore,. 7 . But they have been on their before theing streak Asian Financial crisis, malaysian down by. 1 three but there is a rally coming through in regional stocks. Regional, we know the index for japan has been on an increase, as well. Things are looking good, things to that rally in European Equity markets during the session led by that rally we saw in oil. Nikkei up by 1. 5 . They are leading