This is bloomberg surveillance. Im mark barton in london. Thatme to have a sip of because we have an acceleration to the fastest pace this year, adding to evidence that growth is becoming more resilient. The pmi index, the composition index, rising to 53. 7 in october, from the 52. 6 in september. This is the fastest pace since the beginning of 2016. The recovery continuing at a steady if not spectacular pace in the face of headwinds from brexit, slowing trade, political uncertainty. Ecb supporting the economy with unprecedented stimulus that will come under review in december. Just want to show you whats happening to the markets today. The stoxx 600 trading higher. Last weekend it rose for the second consecutive week. Best run since september. Last weeks rise was the strongest in a month. Byres the euro stoxx 600 up 0. 75 . The euro is a little bit up now. Track force march, on the worst fourth weekly drop. It is all about divergence because the u. S. As many think is set to hike rate
Bottle. We seem to like to talk a lot about alcohol on this program. Lets head to the markets desk where julie hyman has the latest on that. I dont want to speculate why. Julie i think its obvious although im disappointed if it is 35 grant a bottle, we will probably not get a taste test. Lets take a look at whats going on with averages. A pullback here after a big update for stocks yesterday. We are seeing selling despite what was largely a morning of stronger than estimated economic news. Even Industrial Production came in better than had been estimated but that is not helping stocks. The imap for the groups on the move, Consumer Staples pulling back the most today along with health care shares. Consumer discretionary lower. Ofrgy industrials are kind limiting losses we might otherwise be seeing overall. I did want to talk more about home depot. Is it a bright spot in retail . Not if you go by what the shares are doing. They are pulling back. On the one hand, home depot did come in ab
Julie hyman has a look at what is looking like a flat opening. Toie people are waiting hear from janet yellen. Even though she is scheduled to talk about herself, essentially her achievements in her career at harvard today, some investors think she will talk about Monetary Policy as well. Jeff gundlach think she will put the brakes on some of the more hawkish fromments we have heard members of the fed. You see a little lift in stocks today. Revisions,latest gdp showing growth of a 10th of 1 . And in the past few moments, we got the final numbers from the university of Michigan Consumer sentiment at 94. 7 pay the prior read was 94. 4 . This is the final revision of that number. Thats look at what sectors are in the move in the s p 500. Today,is the laggard donald oil prices, but otherwise, Consumer Discretionary financials coming back after losses yesterday. Health care and Technology Trading higher in todays session. On the downside, we have energy and oil prices pulling back the secon
A film focusing on recent atrocities in china is screened at the glamorous Film Festival. China whereegin in 50 years have passed since the start of the cultural revolution. The campaign unleashed by chairman mao is widely recognized as one of the darkest times in modern chinese history. Millions were humiliated, tortured, and killed during the people which the government officially labeled a catastrophe in 1981. Half a century later, there are still not official commemorations. China, a a rarity in Museum Dedicated to the countrys cultural revolution. It is private memorabilia commemorating the red era, regarded as one of chinas most divisive and deadly periods. Ideahave long followed the of not to speak but to let the Cultural Relics talk. What is important is to hand down the experience and lessons learned. Onorter half a century ago may 16, 1966, he launched a political and Ideological Movement to purify the country of old customs and ideas. It was also a means to discredit politic
Victim told thirteen news now the boy returned to school today is doing okay. They say he told them the bullet grazed his head would be really good i can even tell they havent known who to who he was i who chose the third victim is a twenty year old man in all three suffered non life threatening injuries coming up at five oclock and thirteen is now she knew her will have new developments in the investigation. What a gorgeous day here in Hampton Roads is so warm outside you might wonder wonder if its winter or spring. I hope winter is over i just cant wait for the groundhog to weigh in on this one i think packing i declare that i had the well now what about those numbers and you know we still have february to go through in margins member biggest nose and in their lives certainly something that will be watching but lets enjoy right now temperatures are in the seventies all across across the Eastern Shore down to the outer banks of North Carolina we said spot on forecasts some spots we hi