Theyre going to be mauled. You have to ask yourself, why is that happening . David all of that next on bloomberg best. David hello, i am david gura. Lets start with a day by day review of the top headlines. Startedy, the markets with the week before, with a big selloff. Stephanie an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. An off day but it could have been worse. What is this all about. There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new development. The focuses mainly on european banks. But a few things have been driving markets lower. Last week, most of the economic data, even the u. S. Was on the soft side. It is reinforcing concerns about the health of the Global Economy, even the health of the u. S. Economy. Have had an environment for the past few weeks where you have seen more effort by some of the worlds
In business to make sense of market turmoil. Markets are being pawed by the bear right now, but theyre going to be mauled. Up 200, down 200. Up 300, down 300. You have to ask yourself, why is that happening . David all of that next on bloomberg best. David hello, i am david gura. Welcome to bloomberg best. A weekly look at Bloomberg News and analysis from around the world. Lets start with a day by day review of the top headlines. On monday, the markets started where they finished the week before, with a big selloff. It was kind of an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. And ugly day, but it could have been worse. Based on where we were a couple of hours ago. What you attribute the selloff what do you attribute todays selloff to . What is this about . There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new develop
That happening . David all of that next on bloomberg best. David hello, i am david gura. Welcome to bloomberg best. A weekly look at bloomberg elevation and analysis from around the world. Lets start with a day by day review of the top headlines. On monday, the markets started like the week before, with a big selloff. Stephanie an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. And ugly day, but it could have been worse. What you attribute the selloff to, what is going on . There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new development. The focus is mainly on european banks, but a few things have been driving markets lower. Last week, most of the economic data, even the u. S. , was on the soft side. It is reinforcing concerns about the health of the Global Economy, even the health of the u. S. Economy. Second, we have
The bear right now, but theyre going to be mauled. Up 200, down 200. Up 300, down 300. You have to ask yourself, why is that happening . David all of that next on bloomberg best. David hello, i am david gura. Welcome to bloomberg best. A weekly look at Bloomberg News and analysis from around the world. Lets start with a day by day review of the top headlines. On monday, the markets started where they finished the week before with a big selloff. An unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. And ugly day, but it could have been worse. Based on where we were a couple of hours ago. What you attribute the selloff to, what is going on . There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new development. Particularly focused on the european banks. But beyond that, there are a few things have been driving markets lower. Last
Thanks are still the worst performers this year on the stock 600. But they are some of the best performers today, along with carmakers. Whats driving this optimism ha . Ns coming up on bloomberg . It has the biggest rally since 2013. 8. 4 trillion dollars wiped from Global Equities this year, taking the stock 600 down as much a 17 from an april high on friday. But despite the route, strategists are still largely bullish on the stoxx 600, they are projecting a rebound on average of 23 from fridays close through the end of the year, all signs of an approving and improving economy. Euro, this will be the currency to watch what we hear from mario draghi later today. At 3 00 p. M. Brussels time, 2 00 p. M. Uta time u. K. Time. He will be speaking in front of lawmakers in the European Parliament. It will be a test of his powers to whether he can still move markets, where you can push the euro lower, its off by. 5 against the dollar at the moment. Mario draghi and his colleagues are grappling