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
,ulie Stocks Holding steady coming down a little bit off their highs of the day but the s p and the dow has traded at closing highs over the session. I need to call up another chart. To see what groups are doing the best today. Health care is leading the pack. Energy outperforming with telecom and consumer discretionary. Only two groups lower, just marginally with Consumer Staples and utilities. Driving health care higher seems to be individual stocks doing particularly well. Lets highlight a few. Alexion pharmaceuticals surging 7 after a report in the New York Times that Elliott Management had built up a stake in the company. Elliott could start a proxy fight for a board seat if the government does not take steps to raise stock prices. Stock down 26 over the past three months through yesterday. A turbulent year marked by a series of management changes. Lgene is rising ahead of presentations at this weeks American Society of hematology annual meeting and an analyst says it is positione
Negotiations and what they turn to next. We heard earlier this morning from mr. Jeanclaude juncker that they reached an agreement with the u. K. They will be able to talk trade in the next couple of weeks. We still have the pound fluctuating. Maybe investors were expecting more of an impact. Are at their week where it they had quite a bounce where they had quite a bounce. I am looking at the ftse on the back of that brexit, not much of an impact. That could change. Today we talk markets and Bank Regulations with andrea ocho andrea orcel. Mcewan and with ross we also speak to roland rudd. It is quite fitting that we havent brexit show this friday. Lets get to Bloomberg Business flash. Nejra the u. S. Congress has passed a twoweek the first toisions on decisions on settle some larger issues on spending and legislation. At the same time they will be rushing to finish work on tax legislation before leaving washington for the tax holiday. Al franken says he will resign to in the turmoil to
Hundreds of schools are failing to impr| for the force was with the hundreds of schools are failing to impr| forgecfi; force was with the iii from f; we will tram fz, we will be reviews from critics, and we will be talking to them shortly. Good morning. Its wednesday 13th december. Im annita mcveigh. Welcome to bbc newsroom live. Theres been a huge political upset in the united states, where the republicans have been defeated in a Us Senate Election in alabama for the first time in 25 years. Its a major blow for President Trump who had supported the republican candidate, roy moore. During his campaign, mr moore eight women came forward to say he had been accused of Sexual Assault. One claim this had happened since she was 1a. His rival doug jones will now become the first democrat to represent the state in the us senate since 1992. The democrat victory narrows the republicans majority in the upper house to 51 19, making it harder for President Trump to get his legislative programme th