Good morning. Happy friday. Welcome to cnbc. Im sara eisen with don choo. Been in all week. Its been great to be here. Filling in for wilfred frost. Hell be back next week. It is new music friday. Kicking your day off with brand new brittany spears. Sounds the same. She can pump me up though. More brittany news later in the show. Lets check in on Global Markets. U. S. Futures another mini selloff yesterday. Importantly, the nasdaqs first back to bake daily decline in two months. Were flat this morning. Not a lot of risk taking going on ahead of the big janet yellen speech. Nasdaq futures under a tiny bit of pressure here. Health care has been a big story. That has dragged down the embassies. That has had a rough couple of day is. And the worst week for bio tech and health care. As for the tenyear treasury note yield, we hover around 1. 55 level. Will janet yellen cause higher yields is the big question. If she talks up the strength in the federal economy. The need to raise Interest Rat
Pushing for a hike. Robert kaplan says the push for a rises strengthening. At follow me at twitter rishaadtv. There is keenly awaited speech from janet yellen. We have singapore starting off. The story today looking across the asiapacific is not surprising considering the mild pullback we saw this week. About. To really panic the 10th of 1 . It has also been a drying up of volume. You are really seeing a lot of outflow. A moderate about of our clothing pulled out of asian markets. We only have these two markets that have not seen this, that is taiwan and thailand. Japan is just now to touching its sessional low. Mostly at a push up, when youre talking about fixed income. A lot of these stocks have been caught in tight trading rings. Australia has been stuck between points. 6 japans talk about 34 basis points. When youre talking about china, i think this might be a little more the reason i bring this up is basically on, they been this is being seen more clearly as it trying to get the l
London. We are getting some breaking news. We will put up the euro for you. Touched 51. 8. We were expecting a 52 figure. It is just starting to feel like we are trying to figure out what brexit means. We are trying to see whether the surveys show any brexit spillover Peers Services pmi a little better than expected overall. The composite at 53. 3. We had france and germany germany a little worse than expected at a higher figure than france. You see where im going with this. August, a funny month because of weatherrelated issues. We do have a great line of show for you. At 9 30 a. M. , we speak to michael fuchs. Will be asking about pmi figures. Lets quickly check on markets. Crew to slipping the low 47 a barrel. Dollar retreating somewhat. Again, if you look at what markets are looking for this week, traders still looking for the prospect of u. S. Interest rate hike this year. It is friday we get that janet yellen speech from jackson hole. If she decides to give us any indication, tha
Markets postjackson hole are see aning when we might increase in Interest Rates from the Federal Reserve. Lets start with the work function on the bloomberg. It puts in perspective the moves we have seen over various Asset Classes and what this tells us about expectations for a fed rate hike. In probability of a hike september. Increasing bets on a fed increase. That number was just 22 a week ago. Janet yellen making the case for a fed rate hike. Even if talking about being more gradual in the future. The markets assessing the near term. If you are not convinced about september, it looks like investors are convinced for the rest of the year. 65. 7 of a hike by december. What is that doing to the markets . We have seen greenbacks strengthening. Emerging markets stocks a little bit weaker. A divert ins policy between the boj and the fed. Lets show you the risk and where we are on these various Asset Classes. The dollar index fairly flat. Spoke, took an little time to settle in. It settle
Fridays jobs number. Many ploa the federal reserves equation on when to raise rates. All in all, it wasnt too bad to 18,400, nasdaq dropped n the nine, s p 50 for the month, the dow and the s p were slightly lower. But it was the first but the nasdaq did m 1 gain. So, now that august is in the what can we expect . Don chu gives us a history lesson. After whats be te brexit vo, some are anticipating what could k from their vacations an get back to work crisis go back to area, the last six years, stocks became have seen more volatility september, but it ends up being flat. In september, but its only been a 5050 split on whether the month was president oba o t duri of september through december, the trends have been more positive. S p 500 has gained over 4 on of the time. G t Health Care Stocks are among the better performers. Meanwhile, energy is among the lagging. Now, remember, were talking average numbers here and time frames do matter. September though remember, filled with potential