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500 infotech index up 48 , and the energy index was the least best performer. It still was up, though, which tells you how much these markets were looking for good news. The second best performer, Consumer Discretionary in the s p 500. That includes home depot to amazon, ebay, even general motors, so really across the board, it was a good year. For more on the markets more broadly, we are joined by ing head ofvey, global debt and rate strategy. We widened the curve with a bit of steepening going on. To what do you attribute that . Been a really interesting move. We were inverted six months ago. Happened is the fed has cut 75 basis points. Theyve injected a mountain of liquidity into the system, and theres been a real change in sentiment in the sense that six months ago, we were genuinely concerned about a recession in the u. S. Next year. Have beenerns significantly downsized. Theres still trimming this uncertainty, and we ....
What we have seen over the last several hours is the intensifying of the rhetoric on both sides of this issue u. S. Secretary of state mike pompeo coming out and attacking tehran saying they are responsible for what happened to these two tankers off the coast of the uae, off the coast of iran right in the middle of that gulf of oman earlier today this is the story, of course, that we have been tracking since around 6 00 a. M. Local time and it is after 1 00 a. M. In the persian gulf and lets listen in to what mr. Pompeo had to say. Taken as a whole, these unprovoked attacks present a clear threat to International Peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tension by iran. The secretary of state saying this is part of an Overall Campaign of escalating tensions just a month ago four other tankers were als ....
Of trading sessions for the bloomberg dollar index. Right now we are off that a little bit. You can buy 145 yen for the u. S. Dollar right now. That is the sign of its strength. Take a look. Crude has climbed steadily. John, what are you watching . You are right that oil weakness is leading to the weakness in energy stocks. Willingness to move back into tech can be seen in names like nvidia. They are at the top in terms of percentage gains. You are seeing that trend with canadian steel stocks rising. That is no thanks to the cleveland we will hear more later this halfhour on this sector insight excitement. We continued to watch the situation now. There is weakness as we try to put the pieces together on whether powerlines are connected to that story. Amc itself down substantially. It does weigh on the traditional amc stock. We will Pay Attention to those stories. Betting that Inte ....
Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea go ....
Respond . How will the sector trade at the open . The rally rolls on. The hang seng trade, a record. Oil is trading close to a threeyear high. Brent, 70 per barrel. The boss said he will double profit in five years by selling more jeeps and ford goes in, planning to invest 11 billion in the electric vehicle. Matt a lot going on in the car sector ahead of the detroit auto show. 30 minutes from the start of european stock trading. Futures, up across the board. Looking at well, that is an interesting picture and it looks slightly different. I am seeing futures that are gaining across the board. The ftse up. 2 . Dax futures up. 3 . I will look and see that we would that is there. Lets look at the bund yield. I have a three day chart of bunds. Ive got to label these better. We had a oucj y we had a pick up in yields thursday into friday and we have been holding relatively flat around 0. 58 . That is where the bund trade holds. Not a lot of direction from that, but you do get a lot of direct ....