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welcome to countdown. i am anna edwards. it is 6:00 a.m. in london. through what has been happening in the markets. we want to start with the chart we have here. the u.s. equity market, the s&p 500 over the past three weeks. highlighting the roller coaster timeframe we have seen. yesterday, u.s. stocks were little changed. a with salt session. whipsawtouched a session. the s&p touched. apple was a big lagarde yesterday. the dollar may be listening to the dollar may may be listening to the commentary from the fed coming through this month. general strengthening in the currency. that is not seem to be applied to all of the asset classes. hawkish commentary yesterday talking about the risk of asset bubbles. oft was the fed story another. asian stocks are down for their third weekly loss. corporate earnings disappointing. the boj has been speaking in japan. dollar-yen is at 108.8. heading for its second weekly loss against the dollar contrasting central-bank helices in ....
i am anna edwards in london. manus: i am manus cranny in dubai. you will kick it off with china. i know you like a chart. anna: i have a chart for you. today, equities bouncing this morning, rebounding from a one-month low. the sales tax increase in japan is one factor, maybe hopes for stimulus in china. chinese stocks gaining a little in the session. we had a rough month of april. , over the weekend industrial production, retail sales, investment, and new credit. i have a chart here showing bloomberg dvt for china, a monthly tracker through the deluge of data. gdp justnth of april, 6.8%, below 7%. 7.1% is where we were in the month of march. manus, that s one of the things the markets are dealing with, a slowdown in china, but also constantly reevaluating expectations from the fed. manus: absolutely. we will get minutes from the fed. that will be the real linchpin of this week s trading. for me, it is about volatility. i love when there is a little nuance to volatility ....
things that goes to john cryer. we are less than 30 minutes away from the european equity market open. let s ticket look at the terminal and show you a bloomberg is telling us about what that open will look like in 29 minutes time. it looks like the market is going to be opening on the front foot. a positive open for europe this morning. around .6% for the london stocks . london and paris are slagging a little bit. european markets were fairly flat yesterday. as a result of which, if fairly decent start to the day. what else is going on, matt? matt: you are seeing the aussi job by the most in more than a month after we got the minutes back from the rba meeting, suggesting they will stay put for the next meeting to look and see what their moves have done so far. crude oil jumping to basically a six-month high. look at nymex crude. u.s.eculations that stockpiles will continue to fall. and then gold down. we have more big names added to the gold pile. we have heard from dr ....
will the focus shift from fx to fiscal stimulus? and the hud for the missing egyptair airplane enters its second day in they ve dismissed reports that debris from the jet have been found. it looks like we are going to get a positive start. watch the luxury stocks. the dax is up by 0.9%. in 29 minutes time looking solid here in europe. it looks like less concern around the world. this is a lot more than we are pricing in at the beginning of the work week. it doesn t seem to be affecting markets as much today. we have asian markets up overnight. their biggest back-to-back slump in a month. brent crude oil is rising as well. at 48 56.p there trading almost and parity the dollar index has been earlier.ttle bit that may be because the slight possibility of a june fed hike has been priced in over the next couple of days. the new york fed president bill dudley says the federal reserve is moving closer earlie. that may be because the slight possibility of to raising rates a ....
conversation. scarlet: let s check in with julie hyman. are you going to stand in lines with the tsa? julie: i will be in traffic, but i will not be in the tsa line. at least i get to listen to my music in the car. let s look at the stocks heading into the holiday weekend. we are seeing a bit of a live we await comments from janet yellen. we are seeing a bit of optimism and stocks. health care is at the top spot at the current time followed by consumer discretionary and financials. a list for those cyclical groups after they took a positive yesterday. if you look individually at the stocks contributing the most in point terms to the games today, you have alphabet rising after google s victory in court over oracle late yesterday. it was a patent fight that had to do with the genesis of android . it looks like european regulators are coming out with different regulations for drugs. dragging or limiting stocks gains today are apple. analysts said that despite the come for ....