Market. Stocks,ed to the value financials, small caps. Still with us, george perks of bespoke embedded spoke investment group. The rotation that faded today, today, justifiable optimism that will eventually be outected in the data months . I think the biggest question is whether banks can get their acts together for me trading perspective. They have lagged to the markets so badly. Beta than ther economy overall thanks to higher capital levels, regulatory approaches. So it makes sense it would not necessarily fly right to alltime highs over the past couple of weeks. So fact that there has been little participation of the banks is of concern. Kb, i put together a chart yesterday that showed i think no and than four 20 rallies and fourines since 15 declines since march. A strongern see series of higher highs and lower lows for banks, it is hard to imagine how firm the economys footing can be as opposed to flows and sentiment. The stock market is not the economy. Hesitant, looking at bank
Good morning, everybody welcome to squawk box on cnbc. Im becky quick here with joe kernen and Andrew Ross Sorkin. A gain of just over 1 the dow now at 25,000. Now the dow is indicated up 162 points the nasdaq closed at its highest day. Now about 2 from its alltime high thats the run youve seen since the lows back in march treasury yields. Theyve ticked a little higher the 10year looks like it is yielding 0. 75 crude oil prices yesterday, crude was up about 4 percent on this expectation that opec plus especially russia will extend those cuts put in place that was good for 4 as seen yesterday. Crude up by 1 to 37. 16 all of this against a tricky back drop. It is powering higher well talk to a lot of folks that will help us through this the need for Solutions Former white house and ceo of j j and they have big news on all of this. Getting an update of what has gone on. Reporting a day of mostly calm in washington, Late Afternoon in st. Paul, staging the protesters protesters ran past the
Manus warm welcome to bloomberg daybreak europe. Starting toare just reassert themselves. One market that is reflecting on everything in 2017 is that the oil market. We had the worst drop in two months. 2733. S it right to the edge of technicals. I have the lower Bollinger Band. Wti drops the most in two months. Brent crashed the most in four months. Before, and ifis history is any protagonist to go by, what happens when we touch on this sequence, we typically rebind. The upper Bollinger Band is narrowing. You can cry at me about using relative strength, bank of america says this oil market will make 70 bucks by next year. Oil is definitely front and center. We pause for thought. We are reflecting. What donald trump does in israel or says he is going to do is the geopolitics this morning. United States Government might close down. This is the show of stabilization and the equity market. He snapped the longest losing streak in two years. Has it ended . Golden saxman set goldman tohs you
Dont want a brexit deal with the european union. A warm welcome to bloomberg daybreak europe im anna edwards im joined today by Matt Matt Miller here in berlin. Lets talk about what market expectation looks like heading into that meeting xi later thisand week. Recovering the missile test and that gets people nervous politically that where the meeting goes and what the outcome could be. How nervous are markets . Some of the reactions weve seen are the latest moves in the taiwanese Tech Companies. You might think that if we see a fallout in relations, the trading relationship between the United States and china, if that comes to blows in any way, we might see nervousness about holding Tech Companies based over in someone. But the Market Pricing seems to be having minimal impact. You can see they did fall off in the immediate aftermath of the vote to put donald trump in the white house, but since then they have either gained ground or not lost an enormous amount of ground. A word of cauti
For china . The bond market is ebbing. Fed signal a letter ate . Flattter r matt we see the ftsi as the as futuresner as far are concerned. The dax little changed and the cap pointing to a slight gain,. 1 of 1 . As far as the bund tray goes, investors continue to buy bunds, slashing down the yield. Maybe it is a risk off kind of day. Yields going down, prices going up, that seems to indicate that the reflation trade is fading and animal spirits may be back in their box. Nothing is happening at least in the first couple of columns. You see all that great theyre telling you you are not getting a lot of movement. Switzerland not doing anything, british pound, not on the move. The rc is on the move. Youre not seeing a great deal of action in the form the exchange market. It feels like markets are little asleep today. Where we are seeing action is the commodity space. Youre seeing a better big command to the oil trade. Bid coming into the oil trade. Rent crude trading up by around. 6 of 1 .