Fromw a bit of whip sawing the euphoria we saw yesterday on the back of the vaccine that was very promising from pfizer and biontech. Lets go straight to the markets and give you an idea of what they are doing this tuesday morning. The focus is on gold, some other things. For example, such as european stocks in general. Again, im excited to speak about the vaccine euphoria and some of the hurdles ahead. Maybe a little bit of profittaking after the rally we saw the last few days. Maybe the question of the vaccine is the question of the day. Bloombergto first word news and laura wright. Lauara the European Union is imposing tax on 4 billion of u. S. Good starting today as part of that titfortat escalation. Spirits, nuts, tractors and videogames. The eu says it will drop the duties if the u. S. Dropped levees imposed back in 2019. The u. K. House of lords has rejected breaking International Law over brexit. Voted to remove the most controversial part of the bill which comes with legal act
Already in the25 books. Not a great quarter but we are ending the week on a slightly positive note. O far, the s p 500 is up. 75 the nasdaq is up. 6 . Smaller moves from earlier this week, and all told, the s p will be down on the week. To 37, so some better performance for that asset class. I want to point to the brazilian real. The Justice Department minister has resigned. Lets get a deeper dive into the markets with taylor riggs. Moves you mentioned the in the equity markets, and you are seeing similar moves across asset. The bloomberg dollar index getting strength. The 10 year yield, you are getting a drop in yields. In a 11tal markets said of the week, you typically see stocks go higher. Also getting in a 11 some weakness in highyield. Starting to see the equity market strength is not translating into the highyield market. You are getting some movement in the bloomberg commodity index. Yesterday, a lot of movement. That is thanks in part to energy. I want to look at where energy h