Trading day in the u. S. Abigail doolittle has more. Abigail today beer looking at solid gains for the averages. The dow, s p 500, and nasdaq all of. Look at the nasdaq. These three major averages are having the best a sense last wednesday. A little bit of strength or conviction on the part of investors ahead of the suspected Health Care Bill vote. , a lackat the s p 500 of conviction, the s p 500 higher. Then, donald trump spoke about the keystone pipeline, investors got a little more confidence. It will be interesting to see if it stays. The average is on pace for weekly decline. The worst of the year for the s p 500. Lets look at the 10 year yield. This shows as there is a bit of a risk off tone as bonds have been hit higher. Or perhaps this is also a reconsideration of the whole reflation trade. That is why we have the 10 year yield down. Represented in green, telling us the bonds are rallying declines today. Again, investors waiting for the Big Health Care vote. The uncertainty bl
No trading in the u. S. Because of the thanksgiving day holiday. Most european Equities Trading higher today. These are the currencies writing against the dollar index. You have yields declining in europe. Ime really interesting charts want to bring in today. The gains sending the dax to a second quarterly advance our failing to spread to midsize companies. Its againstck for underperformance relative to the large cap dax since 2012, sending its valuation to a half year low relative to the bond proxies. They have lost ground as tenured rising,unk, yields are a wonderful divergence between the dax and am dax. Ets stay with germany german Business Confidence holding at its highest level in more than two years in november, signaling the recovery in europes biggest economy does remain on track. The Business Climate index staying at 110. 4, the strongest since april 2014. Adding to signs that europes biggest economy pays after the slowdown. Supported by domestic demand, we had a slump in exp
I am mark barton. Francine lacqua is in zurich where she spoke to Credit Suisses Tidjane Thiam and we are live for more on that interview. Here in the studio today, great lineup. Today fory joins us the entire hour. Lets check in on the markets today. European Stocks Holding on to gains come up for the fourth considered a day. We have not had such a winning run since july 12. We are track on the third consecutive weekly advance. That hasnt happened for two months. Is ofllar yen rate xcn[ particular interest, post fed and preboj. The boj kicks off its today deliberation today. The dollar falling against the jumping yesterday and slumping two days ago. It has been a volatile week for dollar yen. The yield fell by seven basis points after the fed upgraded its assessment to the economy yesterday. It did not signal a move could come in september. The yield on the 30, 2. 2 . Brent crude to its lowest level in three months, 40 and . 43 43. 43. Lets get the bloomberg first word news with caro
Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that their Bond Buying Program could increase by 170 billion pounds as well. To sort of put a number on the Corporate Bond buying program, it is 10 billion pounds over the next 10 months. Byathan guilt 10 year down the cable rate dropping off as well. Upside risk to inflation, Downside Risk to growth, that is what you see in the forecast. The 27 thet 2017 forecast, downgrading the most ever on a single inflationary report. Side, they seen inlation at 1. 9 on at q3 2017 versus 1. 5 , and sees inflation
Time. Full steam ahead. Zima ats estimates for clarity following the brexit vote. Caroline super thursday is upon us and it looks as if there is a Risk Appetite and we are following you is higher, you asia higher. We got futures signaling. 5 uptick on the open. 5 . Ee we are up the dax looks like we could surge. 6 . Money moving into equities. Money moving into equities in japan as well. The nikkei 225 has been surging more than a percentage point. Finally a turnaround in the risk aversion and money moving into asia and out of the yen. Money moving out of the haven that is gold. We get we get a bit of a steadying in the oil market. We see supplies come down slightly in the United States. Lets get to Bloomberg Business flash with juliette saly. Juliette caroline, thank you. A woman has been killed and five others injured in a knife attack in central london. Police were called to russell square. A 19yearold man was arrested a few minutes later after being tasered. Mental health was a sig