Will the free democrats be able to and green party for my deal with that . Democrats this is bloomberg surveillance. Im mark martin in london. Equities, seven days of decline before today. Sinceosing streaks november last year. The streak has ended one hour into the thursday session. Stocks are up hundred, buying 4 10 of 1 . Sterling lower, the dollar falling for its first day in three. Retail sales data across the bloomberg terminal terminal, down roughly. We will bring it to life. Nflation tuesday german 10 year yield up today. 39 basis points, rising for the first day in three. 48 basis points before the ecb. In october, 26. That puts it in perspective. Its come down since then. Oil is up, 55. 35. U. S. Rose,in the extending its record run. But get bloomberg first new first word is with sebastian selleck. Sebastian ron johnson has become the first republican to oppose the gop tax plan in the senate. He says it doesnt do enough for a lot of businesses. That came as house leaders clea
We are under 30 minutes away from the end of the monday session. Stocks are rising shrugging off the news out of germany today that Coalition Talks have collapsed. Investors overlooking that. They think the German Economy will continue to perform. On euro was lower by. 6 news of the collapse of talks in asian trading. It then rose by the fifth of 1 . Other options include a minority government option gauges pointing to a longlasting effect of the german news. We are seeing yields declined today. Commodities and cdf. Crude hit a record and futures highs in theyear last couple of weeks. Hedge funds are pulling back with the sense that the rally has reached its limit. Middle east tensions taking a uncertainty looming over saudi arabias choice to extend opec production cuts. Just below 540,000 contracts in the weekend of november. The swissuro enabling bank to exceed its target for growth in new money for the first 10 months of the year. 17 ts under management rose at 393 billion swiss fra
In u. S. Stocks. All three major averages touching closing records. The nasdaq the only other three to also trade at an intraday record as we see strength on this day when we have a smattering of earnings reports to keep an eye on. That is one of the things helping boost the stock market. Also in the case of the stock market, technology is outperforming. Word aboutsay a volume. One of our chart masters cooked up this chart. Here is the average volume if you go back over the duration of the bull market. Here is this year in white. And the low of the bull market is here in red. 2017, volume has been running well above average. It started to arise a little bit, but again, still below the average line. Something to keep in mind as we enter this latest stage of the bull market. Back to earnings, i mentioned a smattering of them today. Tocks are rising, helping support overall gains in the s p 500. The packaged meat make a harm ormel, theiret h averages up 2. 5 . Medtronic coming out with ea
, but overall stocks are indeed mixed. A little change after closing at record highs yesterday. A bit of a cause. Not unusual in this current market environment that we have record after record after record and little bits of causes in the in the middle. S we are not seeing those in the various industrial stocks. A lot of different news flow in this industry. Lets start with john deere, the tractor maker. Farm incomes are still languishing, but the cycle has now gone on so long that peoples equipment is wearing out, so they have to replace it anyway. That is driving sales there. Axalta coding, after a bit cell apart, those shares are rising about or percent. Rockwell automation on the flipside, spurning a third takeover proposal from emerson electric, saying it is still undervaluing the company, 29 billion is the current bid. Emerson electric shares up by about 2. 5 . Pricesg it out with oil this morning, a significant upward move in oil trading close to 58 a barrel for wti. That is af
Its 30 minutes until the end of the session. We are lower right now after being up and down. Volume is lower today because of the thanks giving holiday even though there isnt a holiday here in europe. Its a spill over a spillover effect and these are the currencies against the dollar with the dollar drifting lower after eight dovish fed meeting. After a dovish fed meeting. Silver, bonds, communities and cdss. Shortgs just felt fell of estimates. In the cognac business. The french spirit makers cognac sales have been improving in china after a fiveyear government crackdown on extravagant spending. The company has been expanding its ultra premium versions is prices run as high as 80,000 louissix liter bottle of roma xiii cognac. There is a 15 jump in annual profit by germanys largest steelmaker, forecasting higher earnings this fiscal year. Steel producers have been bouyed as china cuts plants to curb pollution and exports. Demand remains a strong and prices are rallying and the key stee