Will affect business in the year ahead. Away from thetes monday session. For the fourthng consecutive day, best run since november 1 after the strongest weekly gain for the european benchmark. Since may it rose. Currencies falling against the dollar. You have bond commodities closing. We have much to chat about. There is a big to expand medicines for blood disorders. Novo. Ls comes as it has joined a flood of similar treatments from the biggest drugmakers. Competition is heating up. Economic measure of sentiment. From 2012, heading in one direction. It is the highest since 2000. Added to measures of economic activity, the strongest in seven years. Employment continuing to decline in the eurozone. Growth in 2017 was the fastest pace since before the financial crisis. It is forecast to be almost impressive as impressive. Records. Showing that is billy blue. That is the blue. It has 120,000 contracts. Dayinutes into the trading in the u. S. Abigail, how is it moving . Abigail there is mix
States. Here. L doolittle is treasuries having a massive impact on equities today. Abigail we have declines. We have a sea of red on the screen. On pace for their worst day since the end of 2017. Earlier at the lows on pace for the worst day since the middle of november. Right now this trading action does not have the feeling of turning green by the end of the day. Charttake a look at a that may suggest that we could see some sort of pullback. Its the spread between the s p 500 and its moving average well above. Conditions could be overbought. Its about 10 above since 2013. That may suggest we are going to go back down. It could be bearish. Take a look at the stocks down 1. 6 after yesterdays big incline. Could be worrying to investors. The stock has not put in an alltime high since 2000. Weekly intel on whats ahead. Hell tell on whats ahead. This is a five day chart of the 10 year yield. Had a big backup in rates over the last five days of about 14 basis points. We saw a similar fived
Decline in the open and s p in 18 best start in 30 years. Buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. Tech under fire a powerful gop senator demanding answers from apple good battery gate the s p is off to the best start since 87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. What has happened in the market has been very sensible. Nobody thought we would have these kind of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. Says the Interest Rates are the gravity to value and munger chiming in saying share prices are not crazy. Point blank tell you, this was becky quick, congratulations, unbelievable interview. You sit there and what you get are people who know more than anyone else alive and they are saying, look, theres some interesting things and lets not go crazy, just because Interest Rates go
A bond rout in overdone . Been overdone . Another survey said 50 Job Vacancies have slumped. It talks about a seismic drop in brexit starting to bite. Bitcoin has a bad day. The cryptocurrencies slums on new south korea is planning a crackdown on bitcoin exchanges. We are half an hour way to the european open. Take a look at the futures. The wei trading up and futures mispriced, we will have a slightly positive open. You can see the cac less than. 1 of 1 , the ftse even less in the positive territory. Take a look at what is much more exciting and that is treasuries. The 10 year yield is what anybody is watching. The question is, are the biggest names in finance wrong . Bill not bill gross, jeff dunlop gundlach. Continuing to buy treasury. That would be hard for the market to bear but we have the yield coming back down, 2. 45. Lets get the bloomberg first word news. Says in report claiming officials reviewing the countrys Foreign Exchange holdings have recommended halting purchases of u
Revealed this week on d. W. Ah, ah, it. Hong kong late september 1997, all the worlds financial elite are flying in to come together for the annual conference of the International Monetary fund and the world bank. These 2 institutions were established at the end of world war 2, to promote smooth Economic Growth and to resolve crises quickly as they occur. When the heads of the financial world arrive in hong kong, they can look back on more than in years of strong stable growth. The demise of many communist economies and height and growth in east asia have created a boom. Meanwhile, the Global Economy has moved toward an increasingly intertwined division of labor. Southeast Asian Countries have been contributing strongly to growth in recent years. But for the past few months, the currency crisis in thailand is slowly turning into a massive economic crisis. And now threatens to spread to other countries such as indonesia and the philippines. So the participants at the hong kong conferenc