google and apple outperforming, while netflix and others have lag behind. a chief economics advisor is still with us. martin, how much are these going to help power the s&p 500 to another record? martin: i assume the semi conductor market has done better, and 5g, where rollout is important, and the trade negotiations are going to be a key issue, because the growth deceleration we have seen this year is tied significantly to trade friction. if we see a lifting of the trade friction, investment will return quite rapidly, and that will be very, very good news or the technology companies. manus: as far as the earnings season, i had a guest earlier. earnings, a the slight touch of hunger, is going to hit the market? do you think we are already priced in with an earnings dip going in? ontin: yes, the surprise is the upside rather than the downside. trade slow four months. we have seen investment slow for nine months. we now have the labor market deceleration, and this is a key reas
matt: welcome to daybreak: europe. i wanted to shade the close in u.s. by yesterday. it was spectacular. since 2009, all but one stock gaining, a jump of 5%. u.s. equities have just averted a bear market, but previous that, we saw the s&p 500 closed lower. we have avoided a bear market for now, the dow having its biggest jump in my points ever. and judging by the futures, like that bounce we saw, it may not continue to date. futures lower, nasdaq futures lower, and dow futures pointing lower as well. is is going to be a repeat of 2011 or not? meanwhile, we are the dollar weaker against the yen. we saw it again just once in the past 10 sessions, that yen firmly been. japanese equities dropped into a bear market earlier in the 10 year yield down to basis points. so we are seeing money move into those safe haven assets. crude, we saw a drop below $50 a barrel. , somebouncing back positive sounds from russia in terms of another opec meeting. down 3/10 of a percent. yvonne man in
the moves aren t limited to equities. oil riding a wave of optimism to its biggest gain in two years, but overnight the move stalls and falls over 1%. on trader rebounds optimism as bloomberg learns a u.s. delegation is heading to beijing to talk trade in early january. we are less than a half-hour from the start of trading. not the huge gains we saw in the u.s. they had their strongest gain 2009.day since march of cac futures up over 1%. stoxx 50 futures, the big blue chips in europe, only showing futures gains of about 0.1%, a .ittle under 0.1% we see treasury yields falling, yen strength against the dollar, gold strength as well. buttonthe close markets checked. if you go into settings, you can look at closed markets or markets that are only open. 3.9%,0 up 5%, nikkei up organized by the biggest moves away from average, so these are huge moves compared to what you normally see. iceland, up in probably not a lot of you invested in that, but a big move.the argentine peso fal
welcome to countdown everybody. friday morning, i am an and words. 6:00 here in london. let us talk about the global equity markets. yesterday we talked about how global stocks had the highest level since december. things looking more sluggish overnight, a slightly weaker section in the u.s. and a weaker session in asia, despite the fact we saw a pickup in the oil price, often enough to turn the mentality around the stock market. let us look at the rally during the trading day, here on white in a bloomberg with a rally that we have seen in global stocks, dating back to late january. we have also seen upper limit on in gold and silver, of course we talk about that on the program. buying precious metals and buying the yen, despite the buying a stock. as the title of the chart suggests the markets are perhaps far from convinced about the strength of the moves that we have seen in equity markets with a rally we saw and equity markets the last couple of months or so. let us chec
the open. stocks surge and as bloomberg reports the boj may help banks offer negative rates on some loans. good morning to you, caroline. we got a whole bunch of really cool stories doing the rounds. we are watching what is happening with this brexit story. obama intervention could change the terms. does this convince britons that maybe the u.k. should stay in? cars are in focus as well. caroline: they are. the british pound getting a bit of a pop on the back of that, with the u.s. president saying the u.k. is better off in the european union. in berlin, i m seeing mercedes on every high street, and daimler once again being embroiled. tore seems to be no end where the scandal starts and lies. we ve had mitsubishi, now time for, the u.s. wanting investigation. already trading on the futures market down 7.7% according to trade gate. could see some big moves lower from daimler. mention of that story we saw last night in the numbers. going to be interesting. we will find out, as