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let s check on your markets. we are getting some euro area manufacturing pmi figures. 59.6, thatphone to is pretty much in line with what economists expected. higher. 10m also looking at the u.s. year yield two-year yield. the dollar you can see steady. we have a lot coming up right here on bloomberg surveillance. we get the latest equity market calls. find out why he sees a correction soon. userwe talk facebook s big news. to someone from credit suisse. here is nejra cehic. nejra: u.s. oil production has surged over 10 million barrels a day for the first time in decades. that comes just weeks after the international energy agency said american output would push past saudi arabia. decades of declining output has been reversed and the nation has been turned into an exporter. the u.k. will agree to in transition. told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countr ....
commodities largely oily largely avoiding the rout. the latest from goldman sachs. this is bloomberg markets: asia . haidi: as you mentioned, it wasn t smooth sailing. it was quite a stomach churning roller coaster. buckling and go along for the ride. opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u.s. stocks finish in the positive. the question is, is this the new normal? his volatility back with a vengeance? let s take a look at how things are tracking when it comes to the asian session. we are seeing this recovery mode playing out when it comes to japanese equities. some of the hardest hit yesterday in the selloff. the topix rising about 3% at the open, the nikkei 225 also up by 3%. this is being driven by tronics best buy electronics by electronics and auto. david: finally we can focus on the data coming out. there, and the words of bon jovi, because that has almost been the anthem acro ....
that requires a 6.4% decline we are just around that level at the moment the s&p is on pace for its worst week since november 2008 the nasdaq since january 2016. you know what, the dow especially, comparing it to 2008, the drop we had was something like 17% yes, it s the worst since then, but we re still nowhere near where it was 18%. was it 18 thank you. the key level is 23,885 if we go below that at the close. it is the worst week since 2008. but nowhere near as bad as that week. exactly we ll check the action as we look to close out this week. what a week it s been. bertha coombs is at the nasdaq watching the movement there. bob pisani on the floor of the nyse bob, let s start with you on the session today. i m a little encouraged today for the first time all this week because we re starting to see a little bit of buyer interest let me show you an intraday chart of the trading activity. i ve circled the key point almost every day this week, we have seen r ....
a round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. all right. good morning, everyone. it is 10:00 a.m. here in london 5:00 a.m. on the east coast. the s&p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8.6 points. we re higher for the second straight session closed out the highs of the day, the dow and the s&p up by 0.7% each. we were pretty much unfazed by the fed. once again held by the rebounded in oil, energy stocks doing very, very well. i want to show you what s again on with european equity markets. we are modestly higher no huge gains. we ve had so many earnings out this morning. by and large, they were better than expected. jpmorgan saying the proportion of companies beating earnings estimates is the highest since they started compiling that data since 2009. go figure. the xetra dax higher by 0.2% the ftse 100 also up by 0.3%. that means we re go ....
listening? we are going to speak to the banks chief global strategist, peter oppenheimer. matt: where a half-hour away from the european open. take a look at where we see pictures we are a half-hour away from the european open. take a look at where we see futures trading. as today, although today, the dax is underperforming. we will see what happens in the cash market. take a look at bunds. i have a three-day trade up here. you can to the yield over the well, yesterday was a big drop. we dropped at one point, five basis points. when you re only looking at 45, there is a pretty big loss. you see an unchanged trade but really coming down. just barely inching above that today. a lot of pressure on yields and a lot of pressure on the euro. guy: absolutely good yesterday, a risk obsession that was driven by north korea. you saw some the technology stocks getting battered. today we wondered whether that is going to reverse. janet yellen speaks later on. we have seen the d ....