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even though we saw stocks lower today, it seems like this run is still intact, particularly if tax reform moves forward by the end of this year. not so great for one particular asset, 8240, this chart i want to show you, gold. week,rd this earlier this if we get tax reform through and interest rates rise, which they look set to do, that was also pointing to the fed minutes, gold will suffer. we have seen gold slip from a one-year high in september. , it though it is choppy looks like that down trend is in place. don t buy gold. some people would beg to differ thing gold has reached a bottom and you still have to find a decent return in this situation. given fed minutes and inflation coming you have to wonder how much higher these rates can move and the dollar move. exactly. if there is no inflation, or very little inflation, that is the same case for gold. let s pull up the chart for the u.s. markets and show you how we , particularly after those fed minutes. th ....
good morning a warm welcome to worldwide exchange here on cnbc i m wilfred frost. let s get straight to the market picture. we did see yesterday the s&p flat, the dow down about 0.15% the nasdaq was up, 0.2%. there s been some concerns of a selloff. weak to date we re only down half of a percent for the dow and s&p. the nasdaq is down a full percent. it s not that bad given the great runs of late this morning bouncing back, nearly 40 points higher for the dow. the s&p up 5 points. the nasdaq up 25 points or so. let s look at europe it was down yesterday, but not too badly. having sold off more meaningfully at the start of the week germany up a half percent. about a quarter of a percent of gains for the uk and france. asia in the eye of the storm yesterday with quite significant declines let s get more on the markets in asia from nancy hungerford she joins us from singapore. hey, nancy that s right. a different story here for asian equities let s start with the comeb ....
sara eisen on this friday. tgif. thank goodness. great day yesterday we were up 0.8% for the major indices. transports yesterday, the russell index, smaller companies up 1.7 that positive momentum continuing, up 100 points on the dow this morning let s have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. that was off the back of ecb minutes. but today s move off the back of that german political news up to 1.2121, that s a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially what s happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. we re getting a slew of headlines now coming out of those discussions. those include a lot of the spd wish list items they have been pushing for. angela merk ....
yesterday. the nasdaq down less than 4% wiping out all of this year s gains for the dow, the s&p and the nasdaq just holding on to positive territory it won t be if this is anything to go by at the open we are down 434 points for the dow. the s&p is down 28 the nasdaq down 23 points. we have higher volume yesterday. 8.6 billion shares raided. 50-day moving average 5.7. we saw vix spike very much at the end of the session so every everiedy kate y edindi risk off indicator let s look at the ten-year treasury note. rising yields over the coarurseo the move has been a spark for this selloff we saw yields come back a bit yesterday, right at the end of that chart 2.85% or so at the peak last week the trend in yields is sill intact rising yields over the course of this year. the trend in equities is no longer intact. we have pulled back away from those highs. full team coverage of this global market selloff. dominic chu is with us in the u.s., steve sedgwick is in london let s ....
tuesday. the major indices have recovered about half the losses they saw on the lows from february 9th. from february 2 chnd to february 9th a big selloff, but we ve seen half of that regained let s look at treasury yields. yesterday the ten-year was sitting at 2.837%. once again this morning, ten-year at 2.84%. 30-year at 3.124%. overnight in asia, the nikkei was off by 0.4%. big gains for the hang seng. up by 2.27%. the shanghai was up as well. check out what s happening in the early trading this morning in europe. you ll see green arrows across the board. the cac, the dax, and the ftse all showing gains of better than half a percentage point. stocks are higher in italy and spain. check out the dollar, which set a new low, 15-month low against the yen yesterday. you can see that continuing. the dollar down once again, 10 7.45, the dollar against the yen. oil prices are actually below $59 this morning wti sitting at 58.72 brent is above 60, 62.43 those prices continue ....