The 737 max grouting sends the company to its biggest defeat in with airbus. Manus warm welcome to bloomberg daybreak europe. Noouple of things about tariffs being rolled back and may be a ban on u. S. Companies selling their goods to huawei. There is more upside. According to jp morgan, 13 upside. There arent any bubbles here. There is 13 that left in the s p tank after the close of business on monday. You will not see a bubble until 3700, which they see possibly in the second half of the year. It is a great debate about whether these valuations are stretched or whether there is more miles in the tank. I know we have a cracking guest lineup to answer the question. Nejra a yearlong accelerated rally that jp morgan want to see. The recent rally has been led by the mega caps. The small caps have been underperforming. The putcall ratio has been dropping. Does that show that sentiment has got overextended . Most pessimistic in six months. In a lot of different indicators to look at and als
If you are looking for leadership in the market, you are going to find it in real estate. That is not necessarily encouraging. Secondbest performing sector is consumer discretionary. This is typical this time of year. You see a lot of retailers being bid up ahead of the black friday shopping season. You are also seeing a lot of the big retailers and apparel makers getting bids higher here. Then we take a look at treasuries. Third straight day weve seen a bid going back into treasuries. A lot of this is actually a little more on the short end of the curve. Seeing a lot more bids in the twoyear space rather than the 10. That is creating steepening, but still, the flattening over the past six or seven weeks still pretty dramatic. Gold rebounding off its lows for the day. It had been down. A lot of bearish notes coming out saying that the gold rally may finally have run out of steam. We got some data out of china showing purchases there, imports into the country have fallen. We also had so
Topsyturvy trading going on. Bit daytoday was a little weaker. I didnt think it was that horrible. Kirilenko 14 jacob guy if you 14 . Caroline guy if you cant if you really think about how we got to that number there are mitigating circumstances but the u. S. Market essentially bounced back toward the close yesterday so we did see a largely positive and to the day. 5 could see we were up by and the average was up by a 4 10. The equity markets did not feel like they got knocked but they have had some bad days. Caroline and it is easier to see such volatility when you have volume 15 below the average of the past three months. House end it was the builders that managed to fuel that resurgence. Guy chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. Post china seems to have got everyone thinking. It is basically equity markets continuing to rise but highyield credit on the way down and it is tha
Year. We have one trading they left and a lot of news to cover. Geopolitics with russia and the u. S. , but also market movements and volatility in currencies in 2016. First, lets get the first word news. Here is sebastian salek. Seb a ceasefire agreement came in effect in syria overnight after russia and turkey announced he had brokered a deal they hope will pave the way for a peace settlement ending the civil war. The move sidelines the u. S. , which had led peace efforts without success. But most recently, a similar ceasefire negotiation collapsed after a week in september. The bank of italy has said the rescue of monte dei paschi will cost the state 6. 6 billion euros. That comes less than a day after the European Commission approved a Liquidity Support Program for the Worlds Largest oldest bank. Under the rules, banks could not benefit from general support schemes, so they had to green light a special decision. The euro surged as much as 1. 6 against the dollar in asian trading ov
The top story, terror returns. Read france has extended a state of emergency and well deploy 10,000 members of the Security Forces after of the still daily tille thea beasas attack killed many. Ois hollande while commitment to fighting terrorism. It is clear we have to do everything in our power to fight display. Manus we have more on this story. Caroline, what is the latest we know . Terrorists war with who want to strike at us at any price, in the words of your president. Caroline even though we dont know whether the truck driver had any accomplices, if he was a a alone wolf, even though there hasnt in claims from the islamic state, the president is qualifying this attack as a terrorist attack. He said the terrorist nature of the event cannot be denied. It does look like a prepared action. We know this big truck, a big white loriy, was rented. It shows there was some preparation of the actions. The leaders around the world are reacting to the attack. The president of burma said, i te