High. It is still heading toward its Third Straight winning streak, up 65 points. S p better by 22. The nasdaq up 148. You could argue that the dow and the s p are hamstrung by some serious weakness in financials, particularly regarding citigroup. That stock is taking a hit right now. Its down about 4. 7 . We are watching all the financials. Goldmans down i believe we also have Morgan Stanley down and some of the other big names. Tempest fugit when unveiling more than a dozen new offerings. Apple time flies event just ended with multiple bangs. We will start with the sizzle but theres a lot of steak here. Lets get with the apple watch to begin with. You got to do the colors, right . This is sort of the lighthearted stuff. Blue, a new blue, a new, i dont know, kind of rose gold watch, theres a bright ferrari red, you can see that right there. Then sticking with the sizzle, they hired an artist who came up with customizable faces for the new sixth generation apple watch face. It is calle
Everything is in the green, but very, very small movements in low volumes as well. 45 when you down look at the 30 day average. Story is in commodities. Come over here, and you can see the commodities index is up. That is a lot by metals. Is that the highest in five years, copper in four years on its 16th consecutive gaining day. Freeportmcmoran gaining about 3 today. Take a look in this chart. This is the bloomberg commodities index. It is seeing its longest stretch of gains in 12 years, and the index has been up for the past 11 days. Finally, i wanted to take a look at some movers. Lets switch up the board again. What you can see, these are some of the s ps worst performers on the year. General electric, under armour, all down on the year. We know that with ge, they are in the middle of a turnaround. The long time ceo has left in the middle of the year, along with another of budget top company executives. A new ceo reported a turnaround plan that was introduced last month, but not re
Manus europe rallied. You are welcome. It is surveillance and i am manus cranny. Rallied. Ment, europe where up on the stoxx 600. It was text and telecoms that to the heavy lifting, nothing compared to your performance in asia. Record highs in asia. You are looking at levels that you havent seen since the 1990s in japan. Technology up 50 in asia. Europe, you are seeing this growth story. It is absolutely intact. The next question are you, European Equity markets, can you sustain the growth gains that we have had the euro at around 120 . Could the euro valuation unseat the story we see here . Week,llar index, what a what a year. This is the first yearly loss since 2012 for the dollar. You are seeing another push low. You get a 3 growth rate, you get a tax reform deal, you get three hikes from the Federal Reserve and still the dollar is lower. 2 lower from here at end of 2018. The most bearish view is the dollar will be down by another 5. 5 , not everybody is so pessimistic. On the upsid
We thought it was going to be a quiet friday. I would not say there is a lot someise, but there is movement into safe havens. Dollaryen outflows coming through. Ind is up, a move down swissie. Suisse on theedit japanese markets and how they are changing their outlook there on japanese equities. , 4055,look at my chart very straightforward. Credit suisse is saying if you look at the headwinds facing japan, whether uncertain boj policy, a diminished case for a weaker currency, strengthening since the summer, and weve been 1. 10, a flatlining in the markets. You take those two things together and look that the buybacks are tracking lower compared to last year, so it is benchmark right now. We are no longer overweight japanese equities. Unsurprising as we move into the open of markets in china and hong kong come 30 minutes away from that. Singapore, malaysia, taiwan coming online. , sophie take us through those numbers. Sophie the yen easing gains. Markets. D response to management says th
Forecast for global growth. The business ramifications of a post fidel castro world, will the president elect reverse the thawing of relations . Plus, the American Consumers back, at least according to estimates from the shopping weekend. But did retailers benefit . And at t goes over the top, another Online Service aimed at cord cutters. Were going to have those details in a moment. First up, a new trading week after the three major indices closed friday trading at record highs. Same goes for the russell which is coming off its 15th straight day of gains since february 96. Small caps up 12. 7 since the election. The russell, guys, only had two streaks longer than this one in its history. This is remarkable rally because its based on everything that this guy says. Like anything that trump said is going to come true. And i think thats because people just feel like the republican partys going to fall in line. You know, i have to tell you that the agencies control a lot of what happens to