Julie hyman is here. More records. We have had many of them this year. Pretty remarkable. The down the s p close to records yesterday. Any gains today would represent more records on a closing basis here. Terms of gains, we have telecoms, financials, and health care leading the pack. Wavering between gains and losses. A pairing of out of the gate it appearsmorning, to be energy. Vonnie mentioned the surge of energy and now prices are going down. Nowave got a big leg lower and we saw so Similar Movement off one third of 1 . We have been looking around for what is going on exactly and we have the latest data on stockpiles in the u. S. Not the latest but rather reserves that showed a little balance from a 13 year low. It is not clear exactly what but we are seeing oil may be a little more delicate. Were taking a look at what is going on with media as we continue to get reports disney is getting ever closer to a deal with 21st century fox. Yesterday, it was no longer interested in those as
Have a look at where european equities are trading right now. Gm go is your function. Oil and gas the bestperforming district groups. The best threeday rise for the industry since november 1. Gas, natural gas here in the u k dropping the 23 , highest09, level since 2013, and an explosion at one of europes biggest supply hubs. The market was already struggling to absorb the impact of a crack that shut down a north sea Pipeline Network when an explosion at the baumgarten hub in austria killed at least one person. Silver and platinum on track for annual declines after trading higher for most of 2017. Gold advances shrunk to less than 10 versus 18 in september. A strengthening global economy, the outlook for higher bargaining costs are hurting you look of precious metals. The standout winner the white. Ine is palladium rising consumption of these devices in gasoline cars helping to lift prices directly 50 . Glencore had its investor day today, the powerful trading business will be a star p
Talks and rising inflation are two thorny issues. Have a look at where european equities are trading, under 30 minutes until the end of the session. Greece is up 1. 5 . Italy is lower, 1. 3 lower. Ost markets trading down we are awaiting the outcome of the fomc meeting in three hours. Fx sovereign bonds, commodities, and cbs are your final columns. One of the movers of the day, shares up 2 , the biggest clothing retail stegner signaling growth is slowing this the owner ascating having a good start to the Christmas Holiday season. Revenue advancing 13 to the start of the fourth quarter, excluding currency shifts. Third quarter earnings in line with expectations. Lets talk about italy. The ftse still looking cheap compared with european peers. The benchmark is poised to close as europes best performing major market, on call for its best annual performance since 2009 when it rose 19 . Analysts expect the trend to continue next year. A general election and possibility of political gridlock
Rebel tories are demanding the ability to alter whatever final brexit deal emerges. Into the minutes trading day in the u. S. Abigail doolittle is here. We are off to a positive start. Have more record highs then major averages. Alltime highs yesterday, and seeing it again for the dow and s p. About half a by percent. We have not had a record high for the nasdaq since november 28. We had that many rotation out of technology. A bullish start as investors anticipate the possibility that a tax bill will be presented to President Trump before the holiday break. In. Ays it is already priced if there is any sort of stall, he thinks it could have a negative impact on the markets. Today is fed day, so investors having a bullish note i had of the anticipated rate hike. This is the 10 year yield. Interestingly, it had been higher for the last cointreau days. This is the first down day in five over the last cointreau days. Over the last four days. The worldf 1 Interest Rate probability showing 98
Welcome to bloomberg surveillance bloomberg surveillance. Im mark barton in london. Festival of Central Banks, we have the ecb to come, the bank of england, the fed here. Down 1 5 of 1 . Uro, little change unchanged since the last ecb season, october 26. Hasnt fallen to one dollar 1587 on November November 7. Sterling up by 1 10 of 1 today. Today, but its politics thats affecting sterling today, having risen since fps last night. Theyre changing their governments planned legislation, so they guarantee they will get a meaningful vote on the final deal to leave the eu in negotiations for 2019. Coming up today on bloomberg surveillance, we will discuss markets with paul donovan, hear from the s p governor thomas jordan. But get to bloomberg first word news with Sebastian Salek sebastian the fed has raised rates by 25 basis points as widely expected. We also have a growth forecast next year, but maintaining projection of hikes 3 hikes in 2018. Saiding chair janet yellen this underlines tha