These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
Speaks to bloomberg about the path ahead. Speaker pelosi what we are talking about now is taking it into a whole other class of objection to what the president has done. Kailey results from some of the worlds biggest tech companies. This has been a year where apple is rebuilding confidence. It does not seem that anything really hurts facebook these days. Kailey plus, Sheryl Sandberg discusses facebooks stance on political advertising. We believe in Free Expression. We believe in political speech. Ads can be an important part of that. Kailey that is all straight ahead on bloomberg best. Kailey hello, and welcome. Im kailey leinz. This is bloomberg best. Your weekly review of the most important Business News and analysis from Bloomberg Television around the world. What start with a day by day look at the headlines. As the week began, a deadline for reaching the brexit deal was still looming. The eu had not announced whether it would approve an extension beyond thursday, but monday, they
Potential progress on trade between the u. S. And china liftednvestor sentiment. Lets get to the closing numbers. Averagejones industrial was 30 points, to 27492. E nasdaq up 1 and the s p fell 3. As weve been reporting a handful of stocks are responsible for much of the market gains. But as bob pisani reports that could be about to change. The on the record highs weve been riding a broader breakout that may be near. Onlyth 10 o s p at new highs right now. Six of the seven biggest stocks s p outperforming, apple, amaze be with google parent alphabet but that could be changesing. A handle handful of names are just below new highs close enou to get mor move up in the markets we could have significant expansion of new highs. Big names on the list, pharmaceutical Companies Like glaks o and merck. Discounters lie walmart. Homempvement by home depot and home kprochlt names names. The rally Energy Stocks in the last few days process. Why energy . Partly because the rally has been broadening.
Pinp rally pushed the dow into record territory. Today a mere 6point gain did the same thing. Record highs. D s p close at but the moves didnt come easy. Stocks wavered between gains and losses. But in the end helpe c from trade optimism, earnings moment up and deeson Economic Data. Today as i mentioned the dow rose at 6 points, now mat 27681. Nasdaq up 40, the s p added 7. T in f all major amples higher for the webb. The s p finished the fifth consecutive week of gains. But the big question for investors now is can stocks move higher . As bob pisani reports, the answer my lie in the bond market. Reporter beyond the ral in the stock market we have seen a rally in bond yields. The yield on the. S. 0year treasury notariesen sharply the past seven days invenors ha seen that move in bonds since before the 2016 president ial election. Now this recent spike in yields mass pushed bank scks back into ahi leade position with regional banks like coamerica and key cor hitting highs omile utilitie
For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we speak to bank of England Governor Mark carney at 5 30 p. M. London time. Definitely not want to miss. All of those conversations from the Imf World Bank annual meeting. Lets get first word news in new york. We begin with the ceasefire in syria. The u. S. And turkey agreeing to a break in hostilities to allow kurdish fighters to withdraw. Once the ceasefire takes affect them a donald will remove this weeks sanctions, but u. S. Senators from both sides say the deal does not go far enough. Reluctant