Sales. How long can that side of the equation keep things going . Sentiment is taking a hit. In the red, not just the impact on stocks, dollar china is seeing weakness and offshore again popped above 723. We have weakness in the japanese currency after the beale j left bond purchases unchanged. Assets unwind as they rethink rate cuts. Flip the board. Property sector, stock gauge of developers surged since april love, but this is driven by policy support. We have Morgan Stanley talking about how inventory access plan might disappoint and if you look at the physical market has not bottomed. Keeping our eyes on china bonds ahead of the special sale kicking off today. Bonds are lower even though demand is expected to pair declines after the china data dump. Paul lets get more on the economic data. Lopsided recovery, retail sales slowing. We are joined by maine menlo. Break down those numbers. Min min we are seeing Industrial Production beating investments by 1 . Consumption lagging, missin
Off. All the moves have been reversed in some way. It was not a huge shocker, but the headline numbers which were a little more surprising on the upside is really roiling the market. The bond market, look at the Treasury Curve where we saw huge movement. You are seeing that in australia and new zealand. Putting much a lot of leaning when it comes to the bond market. The discussion is higher for longer, how long . Not so much how high anymore, given that inflation is showing the fed is not done declaring victory on this anytime soon. Rishaad not Mission Accomplished by any stretch of the imagination. We are looking at reaction on the futures contracts as far as india goes. 45 minutes away from the session,. 7 1 , cpi was about 5 and we have factory output, as oil, surging to a 14 month high. Good news really but given the climate out there, it is not. What is going on is this route along the Treasury Curve and that hot cpi read, and really, the moment has had it with u. S. Equities and
Awareness and eventually stirring up concern at the international level, particularly at unesco and the un. And if we are talking about the conditional hitting of this or that drone or missile, does this actually allow the authorities of these cities to somehow register these hits as military a crime and then it is possible to demand certain compensations from russia for the destroyed objects. Yes, documentation. Damage to these objects will be simplified, resources will be allocated for this, and it will be easier to prove these facts of crimes in an international court. Thank you ihor poshivaylo, director of the National Museum of the revolution of dignity and coordinator of the heritage rescue headquarters, was in touch with us. Actually today, let us remind you that it is the day of monuments of history and culture and also the International Day of monuments and places of interest. I happened to remember that i am in kyiv now happens. An extremely fantastic exhibition of boryvitr p
The s p 500 is on pace for its best year since 2013 so investors seem to be on the sidelines. Where we have a bigger move is the bloomberg commodity index. The longest such winning streak since 2005. Natural gas up nearly 7 on the day. Of 2016,since october the frigid weather here in the northeast one of the drivers plus tight inventories for natural gas. Copper also higher for a 16th day in a row. Behind that, Strong Demand out of china, this helping some of the related stocks. Some real strength here for the bloomberg commodity index. Where we are seeing less strength, bitcoin. A very volatile ride, recently. The 7. 5 , taking some of related stock in companies down with it. And companies down with it. Time will tell but if we take a look at the technicals on bitcoin and hop into the bloomberg, this is a sixmonth chart and we have bitcoin, an extraordinary ride higher despite recent volatility. See in the recent volatility, the congestion. If the buyers proved to be stronger, it mean
That requires a 6. 4 decline we are just around that level at the moment the s p is on pace for its worst week since november 2008 the nasdaq since january 2016. You know what, the dow especially, comparing it to 2008, the drop we had was Something Like 17 yes, its the worst since then, but were still nowhere near where it was 18 . Was it 18 thank you. The key level is 23,885 if we go below that at the close. It is the worst week since 2008. But nowhere near as bad as that week. Exactly well check the action as we look to close out this week. What a week its been. Bertha coombs is at the nasdaq watching the movement there. Bob pisani on the floor of the nyse bob, lets start with you on the session today. Im a little encouraged today for the first time all this week because were starting to see a little bit of buyer interest let me show you an intraday chart of the trading activity. Ive circled the key point almost every day this week, we have seen rallies on lighter volume and the decl