These are your markets with a little bit of uncertainty because of a drone attack in saudi arabia over the weekend. Trying to figure out the implications for the middle east and geopolitical tensions. This is what we are seeing in european stocks. Crude oil off the highs we saw the last couple of days where it surged from 17. Press conference from Boris Johnson yesterday, a little bit of weakness when it comes to pound. Watch out for the Supreme Court hearing. We are expecting it couple of days but it starts today on the thingsy of some of the parliament but also the government are trying to do with brexit. Economic nobelhe prize winner coming up at 11 a. M. London time. Lets get the first word news. Vivina in the u. K. Is where we begin. The Supreme Court starts hearing the case against Prime Minister Boris Johnsons suspension of parliament. At the center of the debate is if the decision is a matter for the court. The court may not rule until next week. President trump says the u. S.
Wage growth is not fitting into that equation in the same way, however. I know you will dig into a little bit more. And you will gain in stocks today, not a huge one but enough to put the dow and s p at closing records. The nasdaqy ones, not quite getting there as stocks rose this morning and have stayed relatively consistent throughout the day. As we look through the Market Trends and figure out where that jobs report is being felt, one of the strength areas today is in retail. We have a Endeavors Group of retailers doing well from the Department Stores like nordstrom to some of the manufacturer michaely retailers like kors, under armour, and l brands wrapping out our list. The holidays well, plays into this as as well as , which show robust demand potentially. If you look at retailer for the past several months, we have seen it start to outpace the s p 500. And orange,s p retail in white, and it started taking off about a month and a half ago. We should point out that amazon and netf
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
A pretrial was underway. The United Kingdom still has a chance to change its decision about brexit. Tusk spoke to the European Parliament in france. If the u. K. Government sticks to its decision to leave, brexit will become a reality with negative consequences in march of next year. Unless theres a change of heart and mind. Mark the government has said there will be no second vote. Has toughenednion its demands for concessions u. K. Must make during the brexit transition. U. K. Wont be able to apply new immigration pools to use citizens arriving during the transition period. Antie. U. Citizens coming to the u. K. Before the end of 2020 could stay indefinitely annie eu citizens coming to u. K. Before the end of th 2020 could stay indefinitely. Any eu citizens coming to the u. K. Before the end of 2020 could stay indefinitely. Betsy grasecglobal news 24 hour, powered by more than 2700 journalists and analysts in more than 120 countries. Vonnie welcome to bloomberg markets. Shery here ar