Twist which may lead to a Credit Rating downgrade. Mark european equities are trading, we will look 30 minutes away from the end of the tuesday session. Global macro movers come in the stocks are declining. Netherlands, denmark, luxenberg, but expectations of the federal rate hike in december is increasing as stocks all. They are falling against the dollar. On fields are climbing. On the insurance is down. Commodities on the far right are declining. This chart shows the correlation between the oil market, wti, and. He global stock market developing stock markets. There has been a lot on investors minds. The rate hike in december, the brexit, throw in the u. S. President ial election. The rebound in oil, the blue line, has been a boost for the stock market. Ook at the 40day correlation we have roughly at. 9 0, 1 means we are moving in correlation. Oil is driving sentiment within the equities space. There is a lot of big geopolitical events on the horizon. This is a wonderful chart, whic
Welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfried frost. Good morning from me as well. The celebration is still going on this morning. The cubs giving their fans reason to cheer, beating the Cleveland Indians 87 in a dramatic ten innings World Series Game, the cubs coming back from a deficit to win their first champion sip since 1908. Its funny to see the celebration at Wrigley Field when the game was played in cleveland. The cubs have been waiting a long time for this. Congratulations to all my cubs friends and all the cubs fans out there. U. S. Equity futures are under pressure. This is after weve seen seven Straight Days of declines for u. S. Stocks. Longest losing streak since 2011. A bit of improvement just in the last few moments or so. Dow futures have now turned positive, up seven. S p and nasdaq still negative. Down 19 points in the premarket. As for the tenyear treasury note yield this morning, post Federal Reserve, a pretty boring fed, as far as fed meeti
Opec says it is confident it will agree to an output quota. Hsbc numbers crossing the terminal. Lets get to stephen engles. I am not getting them up on my screen. You might have to read them there. You want to shout them out to me . Lets get the latest from the markets. Relief rally a ahead of the election. Why . It all started with that big drop last week. Flowing out of risky assets. This morning, the fbi letter cleared Hillary Canton for a second clinton for a second time. Investors and for risks. A very good start to the week, coming off a steep decline, markets got sold off badly last week, now getting a decent bit. New zealand, 2. 5 of. 2. 5 up. Day the best day in months. Goldmining stocks falling. Were still getting a decent day at 1. 3 . 5 , which brings me to the subplot across asia, a massive drop among hong kong property names, 4. 5 . Apart from that, a good day to start the week. But nowump the gun now, it is out. Hsbc thirdquarter earnings. What is the latest . We are Get
Good morning. Warm welcome to Worldwide Exchange here on cnbc. Im wilfred frost alongside susan lee who is here this morning. Uptown funk, like that. Its Guinness World records today, in celebration of that, were throwing it back to songs that spent the most weeks at number one. That explains the song. I dont like this song. I dont like the song . It was overplayed. Thats the other problem with songs at number one. There you go. Global markets, it turns out the dow is fallible, it had a slight decline yesterday, 0. 3 . Similar slight declines for the s p. The nasdaq was up a little. Those declines were small it was a reversal of the trends weve seen since trumps election when tech stocks did well and bank stocks did badly. They had their first down day in seven. Fell 1. 5 . While the headlines falls of the market it was a trump rally reversal. This morning were flat in the premarket. The dow called higher by seven points. Lets look at oil prices. They rallied strongly on tuesday. They
Im sara eisen. Im wilfred frost. Good morning to you from me as well. Lets check in on the markets. After another record close for u. S. Stocks, the trump rally has momentum and is strong again. We have a lot of Economic Data to work through today. Ahead of the thanksgiving day holiday where stocks are closed. For now strength in dow futures up 5. S p futures are flash. Nasdaq futures up 3 1 2. The dow with an alltime high yesterday, crossing above the 19,000 mark and closing above it for the first time in history. The s p 500 seeing record intraday and closing highs for its part that index ticking above the 2,200 key technical mark for the first time ever. And u. S. Treasury yields took a pause yesterday, but stayed near high levels. 2. 3. Real movement in the short end of the curve, the twoyear yield reaching lie levels. And were seeing the opposite interestingly in europe. Yes, twoyear yield hitting a high level since april of 2010. Here in the u. S. Exactly. We saw the shorter end