In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c
Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 2018. In the United States, the worst storm of the winter season has knocked out power to thousands of homes and bu
Anna good morning, everybody. This is bloomberg daybreak europe. Lets take a look at the asian equity session. It has been in rehab after the stresses of last week. They are up 1. 1 percent on the msci asiapacific, excluding japan. Futures point higher. There is a lighter tone to the geopolitical conversation, based on words from mike pence. That is helping. Riskon in there markets. It takes away from the dollar and boosts some currencies today. Dollars bought index down. 3 . Data onnflation wednesday. In the meantime, look out for budget commentary today from the Trump Administration and anything big report on infrastructure. I mentioned the letter tone to the geopolitical conversation. Are mentioned the lights tone to the geopolitical conversation. Could with the conversations taking place could we see conversations taking place . We see the korean won is on the rise. We have breaking news. Heineken up 3 . That mrs. The estimate. Misses the estimate. The profit margin will expand by
Im wilfred frost. Im seema mody. Yesterday apple reported an earnings beat but offered weak guidance amazon topping expectations as the Company Reported its biggest profit in history. And alphabet missing on the bottom line. Well dig into those results straight ahead its been moving things after market amazon up 5. 7 though it closed down 3 yesterday. Netnet, 2 gain apple up 2 . Lets look at how futures are pointing to. Currently a lower open dow off by 220 points. Nasdaq off by 41 points. And the s p lower by 20 points the dow and the s p are on pace for the worst week since 2016. Nasdaq on track for its worst week since june of 2017. Lets look at yields thats why stocks had been moving lower the yield on the tenyear, 2. 79 , approaching 2. 8 , a fouryear high we crossed 2. 8 overnight those higher yields hurting sentiment over the last week or so asian equities for you, down around 2 for the week as a whole. Today is not too bad the nikkei down 0. 9 but a bit of strength in shanghai
Higher in afterhours trade. Shake shack also sizzling in extended trade. The burger chain posting stronger than expected 13 rise in samestore sales, thanks to the return of customer favorite crinkle fries. Lets bring you the german zedd aug zew numbers, august is up from 63. 9 in july, ahead of the forecast which was 64. 7. We also have the Economic Expectations, which has come in below. Its come in at 25. 0, down from 29. 7 and below expectation of 32. So, Current Conditions better than expected, Economic Expectations slightly worse than expected. As you can see, euro dollar 1. 1036 today. Its up about 20 basis points and hasnt really moved too much off the back of this zew reading. We did see a massive rally on wall street overnight. Lets look at how its looking this tuesday. The focus now does turn to the u. S. Retail sales number, which comes in tomorrow. The health of the consumer, of course, will be a topic of discussion. In the meantime, were looking at the dow right now down ab