Lets get you up to speed on these markets. European stocks. The dollar has dipped. It has transferred to a mild complexion of a dying day this thursday morning in europe. European equity markets are the lead protagonists. Pessimist guide on bloomberg for 2018 is about technology, facebook and disinformation. You can still make money as bitcoin drops. The bloomberg dollar index down. The bloomberg dollar index is looking at a fairly tortured year. Do you buy that story that it is all about adjustments . Im not so sure. Yields drop. Were down to a threeweek low. You are looking at the bloomberg dollar index. The worst year since we started collecting data in 2004. Copper is rising to a fairly big level. Fouryear high. China has halted production. We know that. Youre looking at the eighth straight quarter of gains. You could see copper trade up to 10,000. U. B. S. A little more sedate. The swriss known for their sedate approach. It has outperformed pretty much every other commodity this y
Manus europe rallied. You are welcome. It is surveillance and i am manus cranny. Rallied. Ment, europe where up on the stoxx 600. It was text and telecoms that to the heavy lifting, nothing compared to your performance in asia. Record highs in asia. You are looking at levels that you havent seen since the 1990s in japan. Technology up 50 in asia. Europe, you are seeing this growth story. It is absolutely intact. The next question are you, European Equity markets, can you sustain the growth gains that we have had the euro at around 120 . Could the euro valuation unseat the story we see here . Week,llar index, what a what a year. This is the first yearly loss since 2012 for the dollar. You are seeing another push low. You get a 3 growth rate, you get a tax reform deal, you get three hikes from the Federal Reserve and still the dollar is lower. 2 lower from here at end of 2018. The most bearish view is the dollar will be down by another 5. 5 , not everybody is so pessimistic. On the upsid
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called south korea on a hotline that hasnt been used in years. In germany the Unemployment Rate has fallen to a record
Games once again hire for a fourth day in a row with the dow, s p 500 and nasdaq set for record highs, putting in another round of alltime highs today. Take a look at dow transports, leading the major averages about. 6. The animal spirits seem to be stirred and on the week, big gains. 4804, theset g btv are the weekly games or declines for the s p 500. , the best game going all the way back more than one to last december after the election. The year starting off with a bullish bang. Said noago, one person matter the negative news, citing President Trump talking about nuclear war, the market still goes up. It will be interesting to see whether that happens and what triggers it. 500 and to the s p nasdaq gains, we have a nice rally for the railroads, especially union pacific. Analyst at Wolf Research upgraded this space on the possibility of strong precash flow. That is a similar mark to what we saw yesterday out of citi, where analysts say the Railroad Business is set to benefit from ta
Them. Cohen told bloomberg tv that the federal government have to figure out some way to select their revenue the matter what states try to do. I understand with their child to do for their cities and their states and their taxpayers. We have the federal government still have to collect revenue. We have to evaluate what decisions they make in terms of what it does for overall collections at the federal level in the federal tax system. David we want to welcome now Kevin Cirilli and Marty Schenker could cap and ask the unfair question what is he talking about . Kevin it is kind of a surprise. I thought it was a great interview earlier today by our colleagues because i think as this gets implemented, the republicans, particular those in states that are impacted by the state local Tax Deduction issue, states like new jersey and new york, there are republicans and there and have a lot of concerns about this. Privately to the sources of talked to on capitol hill leading up to the tax vote, t