Dead flat to start the morning but you never know, of course, where it is going to end up and thats why you have to watch every minute. I promise. Take a look at this. The nasdaq in record territory, fueled of course by big tech and for those of you who wonder why we talk about these stocks so much, here is why. They are all going to open at record highs, starting with amazon. Today will make six days in a row that it has hit an alltime high. Apple at 384 bucks, that stock up 40 in a month. Microsoft, 215. That stock is up 25 in a month. Facebook also continues to surge, despite an ad boycott and negative pushback from civil rights groups. Netflix, clear lockdown winner and its been said on this program that we are indeed entering the golden age of streaming. We will talk about all of these stocks and more, tech winners throughout the program. They are remarkable. Its going to be a big day at the Supreme Court. It is the last day of the term and a decision on whether to release the pre
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
That shape which would be very good news. Taking a look at some stocks, apple as you mentioned alltime highs, adobe, amazon, microsoft, all close within 3 of alltime highs. Thats a range of different kinds of stocks. Apple and microsoft are the two most valuable stocks that i track, two of the most valuable companies in existence right now. Adobe had been more of a kind of growth momentum play type stock despite fat k despite fact its big and strong and has strong growth. For that to be as close to high as it is and up nicely this morning as well, serge sacertais something morgan. Weve been talking about it all week, the rotation into the stocks and sectors that are tied to this reopening narrative that were seeing play out across the country and really across the world in general perhaps unsurprising to see airlines, leisure and hospitality, banks and financials, the type of stocks leading the market higher today, even though from a sector standpoint in the s p every sector is in the
Be playing into sentiment. All of the sub indices in the s p 500 are lower now. A real pause in earnings reports from the Oil Companies to amazon, down 7 after saying it would likely spend all of its operating profits on covid related preparations to protect employees and customers. Also saying that revenue increased, which was a positive sign out of amazon, but again, investors selling that stock today. Barrelil was above 20 a , so i bit of a recovery, if you want to put it that way. It certainly doesnt feel that way. Then we had the ism manufacturing data earlier which really cast a pall over the earnings outlook. Ecb president Christine Lagarde is forecasting euro area Economic Growth to shriek as much is 12 this year. This is the central bank announced a series of further that effectively amount to do an Interest Rate cut. Thanks on the front line of the economic recovery puts banks on the front line of the economic recovery, but does it go far enough . Ofh us now is Marilyn Watson
Confidence today, will add to the debate. Nejra welcome to bloomberg daybreak europe. The market moves we have seen overnight in asia have certainly faded on that brief optimism in terms of the u. S. And China Holding a phone call that we hear went well. They are continuing to talk about phase i. Msci asia pacific index still integrate. Hong kong underperforming still in the green. Hong kong underperforming. Gold unchanged. We saw all three u. S. Benchmarks hit record highs in yesterdays sessions, s p 500 index, dow jones, and nasdaq. Futures not giving us a lot of direction. The 10year gilts continues to edge up 10 year yields continue to edge up. The yen hit a two week low but dollaryen steady now. Onto the top story. The u. S. And china have agreed to stay in touch to resolve remaining issues to get a deal. Incomes after a phone call early this morning during which the vice premier, robert lighthizer, and treasury secretary Steven Mnuchin discussed core concerns. Meanwhile, Goldman