Plus, well talk the state of electric vehicles as ev maker vinfast goes public via spac. We speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. Well bring you the latest reporting on that matter. But first, we dig into these markets. We look at here in the us, strong Economic Data over in china, a slowing picture, and we try and marry it all together as well as whats happening in the uk. From a macro perspective perspective, the numbers are so strong here in the us. When you look at retail sales rising, more than expected, what does that mean for a Federal Reserve that has to keep on perhaps pushing back against a very Strong Economy . Were off by half a percentage point. The nasdaq gets hit. In fact, all the major benchmarks here in the United States. On the lower side. Interestingly, though, were buying the dip when it comes to bonds. Weve seen, of course, the yields push higher over the last few days. Notable when were thinking about
Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
we begin in france, where unions have called for a new strike day today, the 10th such mobilisation since protests started in mid january against a controversial law, which includes raising the retirement age to 64 from 62. people in france are angry at president macron, after he pushed through the pension reforms in parliament using a special provision sidestepping any vote.the ministry of energy transition has warned that kerosene supply to the capital and its airports was becoming critical. joining me now is christopher dembik, head of macro analysis at saxo bank. the 10th strike in a matter of weeks. what impact having on the economy? 50 weeks. what impact having on the economy? the economy? so far, the economy the economy? so far, the economy has the economy? so far, the economy has been - the economy? so far, the economy has been muchl the economy? so far, the - economy has been much more resilient. with the yellow vest movement, a lot of strikes and a lot of dis
Is heavy regulation the risk for 2018 . Retail sales and production rise in the worlds thirdlargest economy. Lets talk about the markets. Lets figure out what is going on. This is the wei screen. That is what is happening around the story on the london market versus other markets. Right now, the london market looks like it will open a little bit more positively. Earlier it looks like it would have a more negative start but that seems to be reversing. The ibex in the ftse look like they will be down around. 3 of 1 and the italian bond auction. 50 down. X and futures are down pointing to a positive start. The lackluster session yesterday. Lets talk you around the gmm, give you a sense of what is going on. We talked about the data out of japan, that is affecting the markets. We have seen the yen trading up by. 5 of 1 . The nikkei is down by. 51 . Roduction data was strong , numbers are bouncing back. How significant is this data is the question i am asking. The bloomberg dollar index cont
Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets check in on the Global Markets. Futures pointing slightly lower as we look at things down a couple points 0. 6 points for the dow the nasdaq down 5 points it comes off a day of big gains. Up 1. 25 for the dow yesterday the nasdaq was up over a percent as well. The s p up just less than 1 lets look at in terms of where were going next coming up is the bond market nope bond market next tenyear treasury note coming up a yield of 2. 55 this morning. 2. 6 , we have crossed over that important milestone on the tenyear treasury note amazing to see the fiveyear is around 2. 4 that level we took so long to get past on the tenyear we got data out of china Fourth Quarter gdp at 6. 8 slightly above the 6. 7 consensus. That leads the full 2017 growth rite at 6. 9 retail sales were softer japan is lower the other markets are higher european trade, down about a half percent for the week as a whole. Coming in to a mixed se