That goes to biogen. But broadcom still up 2 . The 10 year yield, 1. 79 . Guy lets take a look at where we are here in europe. We are trading toward session lows when it comes to stocks. Also a selloff when it comes to the oil market. The stocks now down the stoxx now down 0. 3 . In italy, bonds have been out in front of the story. They certainly been taking a much more cautious approach when it comes to the trade narrative and the Global Economy over the last few sessions. Equity markets have continued to push ever higher. Lets get some analysis on where we are right now. Lombard chief ts economist, joining us now. I want to start with your view of the u. S. Consumer. We seen two big retailers out today, missing. The stocks have been pummeled. Are you worried about the u. S. Consumer . Charles not really, to be quite honest. Guy why not . Charles i think real income is going up at a reasonable rate. The savings rate is not going to suddenly thaw, and therefore the consumer plunge, unt
Oil story in just a bit as well. Guy weve barely gone anywhere when it comes to stocks. Over three months, up by 1. 36 . Bond yields getting absolutely crushed. We see prices jump. We see equity markets under pressure. It was a real what cup call for the market. After that wakeup call, we kind of gone back to where we were. What does Fourth Quarter bring . Number last years Fourth Quarter . December, incredibly rocky. This is the picture we have in europe. Stoxx 600 trading at session highs. We are up by around 0. 3 . We have the holidays. We have china closed the rest of the week. Volume is abysmal today. Eurodollar also under pressure. We see data out of germany on the cpi front. You had a whole bunch of other factors. The dollar continues to make gains. You continue to see the dollar index pushing higher as well. If you want to watch the chancellor of the exchequer in the u. K. , on his feet in manchester right now, that is on your bloomberg. 1400 ing at trading at 1491. What a quar
Already this week. Are almost at 1300 per coin. Back up to percent since december. Again. Are parabolic we will see how that one turns out. Stocks are down today. They were up after treasury secretary mnuchins comments earlier. The yen is down, and gold is down as well. Not clear in terms of the message we are getting. In theory this should be risk on, but stocks arent quite committing to that. Vonnie lets figure out why. Treasury secretary Steve Mnuchin says the china trade deal is 90 done, with reports that the saturday g20 meeting between xi assumestrump and no new tariffs. Our reporter on trade joins us from london. What do we know about what might happen saturday for sure right now . Reporter i think what we are seeing is some pretty classic positioning by President Trump ahead of his very important talks saturday with the chinese leader. Basically, he is laying out two scenarios. One in which there is a cease fire, with no additional tariffs. Plan b, as he describes, is the next
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