Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf
Dont let that fool you. It has been a great year for the stock market. Some of the best gains since 2013. Lets dive into individual movers. When we talk about the year, it was the year of ipos. I want to break down the best and the worst ipos for you. We will start with the winner, roku. Up 273 . It opened for this year price of 14. We are now at 38 a share. Quite a big gain. What was not a good ipo was blue apron. Off about 59 this year. It ipod on june 28 at 10 a share. Now at around five dollars a share. That is where we are in terms of ipos. There are some individual movers today, some winners and some losers. I will focus on the losers. One of them is apple. Thats why the nasdaq is the worst performer of the major averages. Apple is off about one half of 1 . They apologized to customers. We saw this headlines this morning for changing software that reduced the performance of older iphones. Apple said it did not intentionally made to shorten the life of those, so it is offering bat
S p, dow, and nasdaq closing at dead lows, dow dropping 100 points after what has been a record year for stocks, surging 25 , seeing 71 record closes, the u. S. Gaining 4. 5 trillion in market capitalization investors all over the world have reason to celebrate germ germany, europe, japan, even brazil getting in on the action. Global stocks are booming. Where should you put your money in 2018 . Tim . One of the reasons global stocks are booming is because the dollar was weaker. If you invest in germany, youre investing as a dollar investor the euro strength, while its bad for the market, its not bad for you as a european. Its not great for you as a u. S. Investor because your dollars are going down ultimately it was a big year about the dollar the dollar closed today 40 basis points, down 1. 34 percent this week the fed just hiked, we just passed a fiscal bill we got all kinds of enthusiasm in the business community. Its quite shocking. And really, i think this is a bit of a head fake
Reasonable, but i dont buy it i i cant plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. You and i both respect their work a lot, but i think were going to see apple top 1 trillion long before alibaba does, and then i think it will be another American Company that comes right on their heels you mentioned facebook and microsoft. They are both close, and i think boast those could also beat alibaba. In terms of the numbers mkm makes the argument that the 720 multiple by 720 and heres the kicker, they point out, pete, that alibaba has hauls blown away consensus forecasts and thats why they seetrillion fo them first. And i tend to agree with jon. I think apple actually gets there first but i think alibaba is right on their heels. I think they are second, and they have a great opportunity. When you look at the Growth Numbers that you just cited and some of the ideas of what they have done in terms of acquisitions of late, including in the
Avenue near East San Antonio street in san jose. When officers arrived, a group ran off. Lying on the ground, a male, bleeding from at least one stab wound. An officer guy him cpr. The victim was taken to Valley Medical Center where he died a short time later. The crime scene was right around the corner from our lady of guadeloupe church. Our young people, they need hlp now, they need to pray for them. Its scary. Were scared because it happened now, maybe it will happen more. Reporter unfortunately, it has happened more. This latest homicide is the second in 27 hours here in the East San Jose neighborhood. On wednesday night, a little more than a mile away, a male was shot and killed on vanwinkle lane. In both cases no suspects were arrested. We dont work in the nights, only in the daytime because no reason. Yeah, the danger. No reason. Its dangerous. Reporter this mornings homicide was the 34th of the year. All of last year, there were 47 homicides in san jose. Reporting live in san j