Crude is rebounding a little bit after a couple of days of a selloff. The euro is weakening against the dollar because the u. S. Dollar has been strengthening so much over the past few days. That yield curve spread is actually widening for a change. Its up a little bit. I have been watching this. The greek has come down. It has gone down about 4. 5 . David that is remarkable. It is jobs day. We are going to get those u. S. Jobs numbers for november. Spacex will be launching a falcon 9 rocket to deliver cargo to the International Space station. When bitcoin day it comes to wall street. Futures contracts on the cryptocurrencies, the banks are figuring out how theyre going to respond to all of this. Its time to our first take. We discussed the top three stories of the morning. Up first is the deal on brexit. Theresa may got the goahead it. The second story, the rise in the u. S. Stock market pointing to more gains through the end of the year. , u. S. G news coming out jobs numbers for nov
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf
Roundtable with tomand trend locked together. Daschle and trent lott. Jonathan very quickly, a big print in the eurozone, core inflation a fouryear high. , up. 6 . Gh on the euro treasuries on offer at the margin. Of the Market Action. Lets get you up to speed on the top stories. Here is emma chandra. Emma President Trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u. S. Would love to solve the issue peacefully, but said it is very difficult. At the United Nations Security Council today, secretary tillerson will try to showed north korea the world is against it. In france, the president ial election is a week from sunday. At a rally and nice, Marine Le Pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. Tell thes are ready to u. K. They are united when it comes to brexit. There will be a summit in brussels to discuss the uks departure from the block. They will warned the u. K. Against trying to
Also in the programme a Scrappage Scheme for diesel cars could be on the way as the Government Strategy to tackle Air Pollution is due to be published later. Ill be looking at what that might mean for car owners. And a lifetime of service, we will hear your memories as the duke of edinburgh retires. And in sport, Manchester United reign in spain, where Marcus Rashford makes his mark, to help his team, take a big step towards the Europa League final. And Sarah Keith Lucas has the weather. I will have a full forecast in about 15 minutes. Good morning. First, our main story. There has been a substantial swing from labour to the conservatives in early results from yesterdays local elections. The tories have made significant gains in england and wales. Counting doesnt start in scotland until later. All the councils in wales and scotland were up for grabs and a third of those in england. The conservatives have gained 115 seats and labour have lost 113. Heres our Political Correspondent chris