The trading session. Abigail doolittle is here. It looks like theyre trying for a lastminute santa claus rally. Absolutely. We dont have alltime highs. Record closing highs. Lets see if the dow can hang on. Just talking about the tax reform bill. Read tacit for mania. Reaching its target for the s p 500 to 3000. A lot of anticipation about what tax reform might do for stocks and the economy. We have some movers based on tax reform and the tax reform bill. At delta, we have gains saying they expect all u. S. Airlines to benefit from aspects of tax reform. Delta is one of Deutsche Banks top Airline Picks for 2018. And wells fargo trading higher as they are saying they will use lower Corporate Tax rates and a bit of a hike for wages. We have seen a big selloff for bonds. It is a longerterm chart over the 10 year chip yield. Just recently on tax reform as yields have shot hire and bonds have sold off, the 10 year yield is climbing out of this range highs of therd the election, suggesting w
Stocks have rebounded we are 30 minutes away from the end of the session. Heres whats happening to currencies versus the dollar. Sterling down today. Sovereign bond yields are rising for a fourth consecutive day. Mixed bag of commodities. Thought we will look at risk aversion. Global stocks off fresh eyes, market bulls fully in charge. The risk aversion index is a combination of measures across asset classes. It has fallen to a threeyear low. Strategists at Goldman Sachs Asset Management project meaningful risk in 2018 such as monetary tightening, the prospect of a slowdown in Global Growth, they see equity markets climbing to new records. That is risk aversion. Lets talk about the boj leaving policy unchanged today. Retaining its unprecedented monetary stimulus as it waits for a pickup in stubbornly low inflation. Is the 10 year bond yield. The boxes steadily increasing as the boj continues to buy an array of assets including government bonds. That will continue to buy Financial Asset
Mark welcome to surveillance, im mark barton in london. The stoxx 600 is up by 0. 9 , rising for the fourth day in five, contract for the best week since december, 2016. The european gains surging 2. 8 . Year, coming. S. 10 down today, breaking below 2. 9 , is where we are today. We closed above 2. 9 percent yesterday, the highest level since december 2014. Today, export and import data. Spot indexrg dollar is lower today by about 0. 25 . Sincee lowest level december 2014. A growing number of economists forecast the fed will step up the pace of rate increases. The u. S. Twin deficit becoming a likely catalyst for a new wave of dollars selling after a brief respite, i say a brief respite in february. This is coming up on surveillance today. We talk with the chief executive of metro bank. Withr, we talk the 10 year ylagos. Mateos taylor riggs joins us from new york. Reporter the u. S. Senate has blocked four immigration proposals, leaving a bitter impasse over how to protect 1. 8 million
Check out what is happening to european london european stocks. Stocks arising for the second day for the biggest weekly increase in two months it sterling low against the dollar down by. 2 . June 24 last year, biggest weeks biggest weekly gain last year. Sterling rallying 3 against the dollar as the boe turns hawkish. Up fiveyear yield is basis points, higher since august 22 after rising 15 basis points last week. You know the fmos fomc meets this week. Dropped theounts most since january after a. Ecord expansion lets get the bloomberg first word news. Sebastian a peaceful resolution with north korea but Rex Tillerson has warned his two parents use military force if necessary. Those comments came as trump prepares to ask allies to confront the regimes threat. In a tweet, trump mocked kim jong un as a rocket man. Marias wins have picked up eight to five miles per hour. Warnings are being issued to several islands. The u. S. Is bring for rain, and beach erosion. The day has lowered its
It is about Central Banks this week. Julie it is. We are not seeing much activity. There is earnings still in a number of various deal agreements happening today. Oving the s p slightly lower. A big finish for the nasdaq on the strength of tech earnings. We mentioned a number of deal targeted Companies Moving today. Lets move them. Being targeted by lennar. A 27 premium. Gy is selling itself to the largest tech generator in texas. This is a medical deal here, based in france, it trades here in the u. S. For 3. 9 billion in cash. Radiopharmaceutical company. Finally, capello education. Apella education it has 80,000 students across the United States. We are also watching apple and the usual apple ripple effect. Delivery times for the iphone x stretching to six weeks in the United States. That implies there is Strong Demand for them. We had that big finish for the banks friday. Momentum helped by apple is continuing to some degree today. Mark after the monday session risingup for that af