Current chair. Will the gdp switch sway . 4 00 a. M. In london, this is Bloomberg Markets middle east. Im yousef gamal eldin in dubai. Davos, you likely have time to go before that. Off and away, especially given where you went stocks have been trading. Another fresh sense of records set. Its written you lets run youth group key Asset Classes. Outflanking some concerns we got out of davos. Worries about protectionism and possible trade as well. He was dollar index, down 3 10 of 1 , a threeyear low. U. S. 10 year yield 2. 66 as it. Tands gold a little bit of an upside, weaker dollar feeding into that six weekly gain. Lets go to global markets. Turkish stock story, up one point 8 of muted reactions to a border offensive when it comes to syria, and the ongoing appetite for yields in the emerging markets. Up 1 10 of 1 . To 759 lasty 12 week, the highest since september. Discounts, the smallest in five months. Dollaryen the other big pop in majors from the currency front,. 08. 58 we will ge
Trade figures for june came may be table i think. Stableizing. Unlike the temperature expected to reach 40 degrees celsius, i cannot they the trade numbers are heating up in china, but we have stabilized. Exports rose for the First Time Since june. Exporters to think some tax breaks through the Second Quarter getting some tax rates to this can quarter to help things along. The economy is at acted to have grown at. 8 are sent x. 8 are sent. Gdp numbers are out midweek. Imports also improved significantly last month. That might be a more important gauge. It indicates domestic demand. The government authorities tried tos demand late growth. Amy lake growth. To stimulate growth. It is much better than the 17. 5 plunge we saw in may. The Consensus Forecast was for 56 when 7 billion. Do these numbers give us an indication of better possible rate action . Thats an interesting question. They are in an easing bias. Based built tame inflation. They will tame inflation. These numbers are probably
Media, all that coming up after the close tonight. Plus in case you missed it, former chair fed addressing. We have the sound for you coming up. Yes, well get responses to that as well. Oracle shares are down 11 this year so far. Jeffreys is upgrading that stock to buy with a 50 price target. You see the trading at 39 and three quarters. You have the analyst on oracle coming up moments from now. On markets today, the dow up four points. The s p higher. The nasdaq doing better up 20 points. Even though facebook is still low were after the earnings support. A lot of people liked what they saw on the numbers. By the way, apple is down today too. Lets get to our closing bell. For this thursday, ben willis, kind of a muted day today after tremendous volatile earlier this week. Whats going on today . Actually a very interesting trading day. Once again, we saw the ability to buy on the dip where the education from the Economic Data we saw took the dow jones and the s p to the loads of opening
Two of the nation ooegss Biggest Oil Companies down. The clock is ticking for puerto rico. Major bond payments due this weekend fwlchlt. And why netflix wants to be like pixar. Well explain. As we enter the final trading day of the month, the s p is up. The dow is higher by. 7 and the nasdaq with gains. Consumer staples, up more than 5 hitting tom intraday highs this week. Although the 52week low list everything from sugar to gold to platinum to copper to oats to the mexican peso to the aussie dollar. The dollar suffered the best month since january. The real story in terms of the action in july was in commodities. Weaker. Many of them reaching multiyear lows. The dollar stronger and its hard to imagine the s p is managing to gain 2 in what was a bumpy ride earnings. Overshadowing some of the concerns about china and about greece. Earnings did it in big tech. Amazon up 24 in the month. Google up 23 . Big question i guess for august becomes the fed. Some would argue its a function of m
Heels over this bailout. Will they get the money and time for august the 20th . We wait for germanys open, but big hits coming to the automakers in germany. Look what it is doing to commodities. Depreciates, there is less desire to be importing. Copper up by. 4 . Check out what happened to the yuan. This is the dollar higher, the yuan lower. Almost a 2 selloff in terms of the current for currency. Look at what it has on the rest of the foreign currency. The dollar is up, the malaysian dollar currency falls off. Look what it did to the sycamore currency, down. U. S. Dollar up. Clearly, this is having an impact across the board. Check out the yield moving terms of u. S. Treasury. Bound by eight basis points. Flowing into u. S. Assets, flowing into the dollar. Are we seeing a delay in terms of foreign cost rate rises . Could the u. K. Be put off . Could janet yellen be put off . I wouldbasis points, give it flavor of how the moves are happening. What are the effects . Yesterday, auto sell