Aaiia cks, but reading is that a threeyear low. At a the reading is fiveyear low. Valuations climbing. Similar in 2017 into the alltime highs of january. Were looking at another low. Gent at a threeyear the last time we saw that the vergence, it is the bulls that caught up. Maybe gains will be in the lead towards the end of the year. Im looking at shares for one company up ahead of her earnings. Unless looking for this Company Analysts looking for this company to be a bellwether. The stock gets 80 of sales from customers, manufacturing and construction markets. As you look at a chart in my terminal, industrials have been lagging for the Third Straight quarter. This is percent change of performance relative to the s p 500. Expecting a tepid quarter. Analysts saying risks are growing, margin concerns pricing , and 29 Earnings Growth deceleration, so all eyes on the industrials tomorrow to see how this plays out. , speaking of industrials copper futures are up more than 1. 5 percent amid
Emission said they will break up the tech company. Get ready for things to get messy if he tries to be u. S. Stocks suffering another the selloff in treasuries. Surging as mountain signs of an economic slowdown still fears a recession. The s p 500 has big tech driving the losses. , amazon allsoft closing deep in the red. It has gripped the index since President Trump rekindled the trade war with china at the start of august. The s p 500 has gone 1 for 11 straight sessions and is now down 6 from a july record. We are joined by our Bloomberg Cross asset reporter in new york. A lot of bond buying today. What does that mean for tech . Longerf you look at dated bond yields with 30 year sawing to a record low, we a yield curve inversion between the two year treasury yield to a 10 year treasury yields for the First Time Since 2007. We were no longer in negative territory. We should mention that. That means for tech going if you think about the high data areas of the market, tech is largely pu
Claims china hasnt increased its purchases of American Farm product as promised. Awaiting the outcome of highstakes meeting between japan and south korea. Digital date. Trump slams facebook over plans of a cryptocurrency. Vw and ford are set to announce an expanded alliance today. Welcome to bloomberg daybreak europe. 6 00 a. M. In london. Treasury curves across, following the better print in the u. S. Despite the fact Jerome Powell kept to his dovish message. The 10year and 30 year yield jumping eight basis points yesterday. We had the lower than average bid to cover ratio in the 30 year option. The 10year at 2. 13. We did see the 30 year yield the ands main in yesterdays session and the s p 500 hitting a record high but not closing above 3000. At one point, equities taking a dip halloween President Trumps comments about china. Sensitive things are. Will we close above 3000 and the week . How much further do we have to chronically gains . Look at the dollar. Weakness in the dollar for
Im Francine Lacqua here in london. We saw a huge plunge in the markets overnight in the u. S. We saw quite a lot of pressure on the nikkei. 1. 6 . 600 now down i will show you a chart of the stoxx 600 in a second, you will 3 , downit was down 4 , and now it is kind of stabilizing at down 1. 6 . 37 can see the vix index. 32, now we have not seen that level for a while. Eems to be finding we focus on the selloff with the chief Investment Officer. We discuss oil prices in our interview with the ceo of bp. We talked the vixs historic spike. We focus on the markets, we also have quite a lot more throughout the program. Lets get straight to the bloomberg first alert news. Heres Juliette Saly in singapore. Juliette the president of the minneapolis fed says he does not think a financial crisis is imminent despite the turmoil. He made the comments in an exclusive interview with bloomberg. If they are pricing in a lower young term yield, that could be leading to higher valuations. I dont see a f
Jumping 2 , declining to that sort of magnitude in germany, for the euro stoxx 50 itself in belgium, also lower today. We had one day of respite yesterday, but the trend is right much a downward one. Sterling on the rally today, up by 8 10 of 1 . Mark carney saying that u. K. Interest rates may need to rise at a steeper rates in originally thought to prevent the brexit weakened economy from overheating. They 77 chance of a a high before the announcement. Look at on yields rising today, the u. K. Fiveyear is up by nine basis points, in the wake of a more hawkish bank of england, with bond insurance being your final column of their. Subject shares earlier rising 6. 2 . The chief executive weathering the low volatility of the late 2017 better than some competitors, returning the bank Equities Trading business to traditional strength, the lender posting been better posting betterthanexpected quarterly restructuring charges at the bottom line. Crediting into the news, one year into the rest