Shery you are watching daybreak asia live from new york, sydney, and hong kong. Haidi we are counting down to asias mamarket opens. Annabelle australia online. The market rocketing as fresh data has traders dialing back bets on another fed hike this year with treasuries rallying on the dollar steady. Il is falling the most in more than a year with signs of demand is structuring overshadowing opecplus efforts. Plus, the Biggest Health care strike in u. S. History. More than 75,000 workers walking out as ford announces hundreds more layoffs. On the inflation front, a good look at south korean cpr, a significant read. 3. 7 we are seeing when it comes to consmer prices advancing from a year earlier. T is really a significant pickup from 3. 4 in august. Economists we surveyed expected the right to get in at 3. 5 . 3. 7 was only forecasted by one econos we spoke to. This does potentially enforce the case for the bank of korea to eep policy settings higher tighter for longer. The bank of kore
Its on spotify right now. We aim to please. It seems like we have done this morning. Lets get into the market picture. A very rosie market picture this morning. Futures were as much as 200 points higher moments ago just shy at the moment on the dow 192. 4 to be precise. The s p higher by 14 the nasdaq up 22 markets did pull back on friday albeit only slightly closing down. 2 and the s p a little bit more that for the nasdaq for a week performance was fairly divergent. The dow was up 3 . Dow up 1. 5 the tax reform bill well discuss that passed the market late friday night. Ten year treasury note has responded as well in a risk on fashion somewhat weve seen the yield move up a little bit, 2. 39 closing on friday at 2. 36 over the weekend ticked up a bit. Crossed 2. 4 but is just below that level. More on the markets, but first to our top corporate story, cvs is buying aetna for 69 billion. Our Bertha Coombs is joining us on the cnbc news line with all of the news. Good morning, bertha. R
Happy new year to all our viewers. Lets look at markets this morning. Coming off a bright session in asia, less bright in europe. Were mixed here the nasdaq slightly lower. The dow and s p slightly higher. We had a selloff to the end of trade last week, last year as well and that meant that week to date we had slight declines in the u. S. , but clearly still gains for the month, the quarter and the year Consumer Discretionary, the best sector for the quarter and tech the best sector for the year tenyear treasury, saw lower yields close to 2. 5 on the tenyear but ended very close to 2. 4 again, which is where we are now. 2. 43 . Lets look around the world starting in asia and see where equities ended up. You can see mostly higher for china. The hang seng higher by 2 shanghai up by 1. 3 . The kospi higher by a half percent. Better than expected data that we got out of china. Thats helping a bit here. The nikkei was just slightly lower for that session thats despite what we heard out of n
Recordbreaking day for the stock market we cross one more millennial, have more to go . The president is talking about 30,000 who knows where were going. The important thing is to note how broad the rally is, not just tech stocks, in fact, theyre not necessarily the most important part of the rally. Lets look at the sectors moving financials is been big Interest Rates have been moving up materials, thats a rally thats continuing to ratchet. Energy strong with oil over 60. Even Consumer Staples are leading. You know whats not doing anything anything thats Interest Rate intensetive. Real estate, investment trusts, utilities lagging for a long, long time. Of course, those are bond proxies. A lot of new highs in financials as the higher Interest Rate scenario is helping the banks out. This is a small spattering i could go through American Express, etrade, key corp, suntrust, all sorts of banks all the Major Money Center Banks as well as the super regionals at 52week highs a cyclical rally,
Warm welcome to Worldwide Exchange this friday morning on cnbc im wilfred frost. Im seema mody in for sara eisen today. Good morning to you. Good morning to you lets check in on the Global Market peicture this morning. A day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. S p up 5 in premarket trade. Yesterday financials played catch up having lagged the market for most of the week. But for the week as a whole, energy the clear winner with oil prices rising. That sector up 4 in the s p tenyear treasury note for youful yieyou. We started the week in the low 2. 4s, ending at 2. 456. The 1,000point run weve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest oneday gain in over a year you can see here on friday closing higher by nearly 1 . Softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1 on the day. In europe, the