The year ahead, Inflation Expectations gauge rising to 2. 8 , the highest since april of 2016. What we have just heard lisa and john talking about inflation in this seemingly robust economy, which has not been heating up. Consumers do expect it to heat up over the next year. We see stocks once again rising toward record levels after this mornings jobs report came in better than estimated. As you can see once again, the nasdaq is the out performer as we see strength in technology. Look at some of the largecap tech firms. They are helping contribute the most to games today. The likes of microsoft, apple, and alphabet are strengthening. In the of their weight major averages, they contribute quite a bit. Also, another look at technology on the bloomberg. We are looking at the infotech index on the bloomberg, and looking at the breads within that. The blue line is the percentage of the members above their 200 day moving average. They are showing upward momentum here. Even though that measur
Sterling down 7 10 of 1 to. A breakthrough in brexit talks. , sterling down and the ftse is that what european markets are rising today with the u. K. 10 year yield up for basis points today and commodities. Economy andcovering profits helped 41 billion in stock rises into its stocks this year, compared to 591 million for u. S. Funds and returns have lagged the u. S. Markets once again. , the u. S. Rd pe basis is the most expensive versus europe in 10 years. Analysts say that it is not clear what europe is all that she earnings estimates need to rise for u. S. Companies because of tax cuts, the u. S. Looks better to ask. Better to us. This is the yield difference room between germany and italy yield differential between germany and italy. The dutchassing of and french elections, without political upsets, the risk is that investors wrote too complacent about the next political worried in the region, italy, they select before may and the antiestablishment fivestar movement currently lead
Crude is rebounding a little bit after a couple of days of a selloff. The euro is weakening against the dollar because the u. S. Dollar has been strengthening so much over the past few days. That yield curve spread is actually widening for a change. Its up a little bit. I have been watching this. The greek has come down. It has gone down about 4. 5 . David that is remarkable. It is jobs day. We are going to get those u. S. Jobs numbers for november. Spacex will be launching a falcon 9 rocket to deliver cargo to the International Space station. When bitcoin day it comes to wall street. Futures contracts on the cryptocurrencies, the banks are figuring out how theyre going to respond to all of this. Its time to our first take. We discussed the top three stories of the morning. Up first is the deal on brexit. Theresa may got the goahead it. The second story, the rise in the u. S. Stock market pointing to more gains through the end of the year. , u. S. G news coming out jobs numbers for nov
We are 30 minutes away from the end of mondays session. Little changed on the equities front. , third day,rlier best run since early october. Sterling down one quarter of 1 . Is your function. Realizederlings swings against the dollar the last 12 months have outpaced all developed market peers. It is the eighth most volatile against major emerging and advanced economies. This is ranking alongside Exchange Rates from Eastern Europe and latin america. The only other developed currency in the top 10 is the new zealand dollar, rocked by concern of an economic slowdown after the labor party formed a Government Back in october. This is turkeys economy. Faster than expected growth in the Third Quarter driven by an increase in household spending, gdp expanding 11 , beating estimates, and turkey increasing spending on everything from wages to investments to spur the economy after a failed military coup hurt the economy last year. That is turkey. This is the ramp, sticking with the emerging mark
, and im Francine Lacqua, alongside mark barton. The French Ministry of finance is discussing funding plans to put a stop to Climate Change. Well be speaking exclusively to the french finance minister in about 30 minutes. A little later t, we will be laurent to th mignon. Mark the stoxx 600, the best run since november 1. You look at sterling trading lower against the dollar. It fell last week, falling today as investors and analysts tilde into the agreements that took place on friday analysts delve into the agreements that took place on friday. Anys to be rubberstamped by the European Council this week. We have got the fed, the ecb and boe all unveiling their ate decisions. Only the fed is expected to move on policy, raising rates. Its expected by 25 basis poin ts. Gold is rising today, up by. 1 . Lets get the bloomberg first word news. Reporter french president macron says Donald Trumps decision to recognize jerusalem as israels capital is dangerous. He hosted the israeli Prime Minis