From abigail doolittle. Basically inline jobs report. We are looking at unchanged markets for the major averages. And the nasdaq up 3 10 of 1 . The nasdaq is on pace for another record close. In fact all three major averages are on pace for a weekly gain. Turning to a market where there is a little more volatility on the day. That oil had been higher and starting to treat lower. Iran sold maybe 13 million ahead off offshore oil the supply cut deal. Basically taking advantage of those higher prices ahead of the deal. Great the hear two year rate trading higher. This tells us bonds are selling off area the two year yield is actually up on the week. These rising yields are helping the bloomberg dollar index. Rising rates in the bloomberg dollar index. Think the rates will rise more, in light we have the bloomberg dollar index. In blue we have dollar positioning. There has been a nice uptrend since june. This may suggest there are lots of longs out there. Would certainly support more stren
Skeptical and has publicly challenged their findings. Mark have a look at where european equities are trading just under 30 minutes until the end of the friday session. Stocks are lower today. They are off for their second consecutive week. We entered a bull market on the stoxx 600 on tuesday. Look at all the currencies that are falling against the dollar today. Look at the bond yields. The 10year, the twoyear. Far your far two columns. The most since the day after brexit, amgen winning a court blocking its partner from selling their cholesterollowering medicine medicine in the u. S. Because medicine because it infringes amgens patent treatment. Analysts expect the medication to generate 2 billion in annual sales by 2020. To appeal that ruling. Confidenceic area jumping to the highest since 2011. The ecb extended its stimulus combination the nation shouldering showing further signs of strength. Whatl lead to momentum we have seen in the economy. Economic momentum rising to a 5. 5 year