We kick off the magazine talking about the olympics getting underway. This story looks at the unification front between north and south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shortlived. The games are going to happen and we will be right back to a different mood. Carol you have to think about it too, because it is a great sports story. Everyone likes to watch the Olympic Games, but it is also a financial story. South korea has paid billions in getting ready for these games. How do we make this a business story . There was a lot of Business Opportunity in this, and they are wi
Is the context here. Stocks are a little bit lower, but its from elevated levels. Interest rate sensitive stocks are leading declines with bond yields pushing higher today. To put it in perspective, we have seen an enormous rally already and stocks thus far this year. Take a look at the bloomberg with the s p 500 up 7 . We have seen 2 trillion added to the value of u. S. Stocks alone, not even global stocks. That is the most on record. We have seen a lot of wealth added as a lot more people have been piling into the market this month. The pullback today, take it with perhaps a grain of salt. That said, there are some interesting downward movers we should point out. One of them is apple after a report that the company is going to cut in half its Production Target for the iphone x in the three months from january in this quarter from the figure of over 40 Million Units it had projected at the time the phone came out in november. The shares getting hit on that. Wynn resorts following 10 o
Current chair. Will the gdp switch sway . 4 00 a. M. In london, this is Bloomberg Markets middle east. Im yousef gamal eldin in dubai. Davos, you likely have time to go before that. Off and away, especially given where you went stocks have been trading. Another fresh sense of records set. Its written you lets run youth group key Asset Classes. Outflanking some concerns we got out of davos. Worries about protectionism and possible trade as well. He was dollar index, down 3 10 of 1 , a threeyear low. U. S. 10 year yield 2. 66 as it. Tands gold a little bit of an upside, weaker dollar feeding into that six weekly gain. Lets go to global markets. Turkish stock story, up one point 8 of muted reactions to a border offensive when it comes to syria, and the ongoing appetite for yields in the emerging markets. Up 1 10 of 1 . To 759 lasty 12 week, the highest since september. Discounts, the smallest in five months. Dollaryen the other big pop in majors from the currency front,. 08. 58 we will ge
Very good morning, everybody. Warm welcome to daybreak europe. Lets check out the markets. Picking up where we left off. The mse i asiapacific eating out further gains. We touched alltime highs in the United States in fridays session. We did have some action to talk about. , a yen is steadier now little bit weaker against the u. S. Dollar. We have seen a move higher in the japanese currency. Had the bank of japans governor corona guided the market higher, when he was at demos, apparently not. He was not changing his stance, changing his forecast. Busy one. It will be a we have a dollar a little bit stronger, which makes a change after seven weeks of losses. It will be a busy week. Yellen is in her last week of the fed. Lots of data including jobs data and a state of the Union Address i President Trump. The metal price for you, this is zinc. We could have shown you others, the zinc is up 2. 3 . Because of the weeks dollar affect, lme inventories coming down and thats something that is f
Five year yield, hitting 0 for the First Time Since 2015. While eu minister sign off on the brexit transition period, the Prime Minister comes under pressure for her own party. How long can sterling hold on to the recent gains. And metals shine. Ckel rallies to a threeyear high. How strongly european miners the . There will open this morning, matt. Matt we are less than 30 minutes with from the start of cash trading and we are looking at features that point to gains across the board. Equity Index Futures are up in london right now only about 0. 2 , not much more on the cac and dax. Nonetheless, we are looking at gains from theyearold stoxx 50 to the ftse and ibex 35. Look at the german fiveyear yield up in my terminal here. I have a chart of fiveyear yields. You can see that right now we have gone back up to just about 0 , the highest level we have seen since mid2015. Bonds are getting sold off, not just fiveyear bonds, but bonds across the sector. What do you see on the gmm . Guy ther