Asia. Rishaad starting the program looking at the major benchmarks around the world. Index, lets have a look at what it has been going on since last anywhere he. January. White, last january. The green line, looks at the magnitude and speed of price fluctuations. 70 seems to be overbought or undersold. And we have the world index, showing the euphoria around the world is gripping the whole world, as opposed to just the msci emerging markets indicator, purple. And then we have the asiapacific index, the secondmost overbought one as well. There we have it, heidi. The party goes on for the time being. Heidi do these technicals part of something that could be in the way of a correction . Europe might be the only one that has a bit of room to move. A number of key events could pull this different directions. The u. S. Laterin this week. Japan is back in trading action after the threeday break. 24,000, Japanese Equities looking at the highest since 1991. Take a look at the action. We will se
Per barrel, decline of 1 . It is all about what happened in europe and all the Market Action after the European Central bank cut key Interest Rates and introduced another round of bond buying and that triggered massive reversals across the market. Look at the euro. 108 at some point. Now it is higher by 1. 9 . A bid to safety here in the United States with the ten year treasury rallying. The yield is 1. 952 . Lets bring in tim seymour of trimanagement. Good to see you. What are we seeing in your view of the massive reversals . An unwinding of all of the positions going into the meeting or is this telling us something more sinister about the markets and what the markets believe and if they believe in mario draghi . I tend not to believe in the sinister. That had people overcommit capital and overreact to certain things. There is a higher euro and lower dollar. What i thought was most interesting is the comment that they dont see the need to reduce rates further and everyone talked about
Concern at the sochi games he said it is always the Korea International dance preferring to last years Boston Marathon my mates. But the president stressed security teams from Different Countries will Staff Headquarters in sochi a round the clock. Cook is scheduled to meet government leaders including japanese Prime Minister shinzo on that will attend the Opening Ceremony he said he had to make progress toward resolving any outstanding issues id taken advantage of this opportunity the presence of the philippines has issued a strong morning and found the time that the new nike knows as the International Community must help this country resist chinas claims in regional wa based one face a land grab. Similar to what happened in europe before World War Two. Tina made the call in an interview with the new york times. He said china is pushing the philippines said that in part of its sovereignty embed this situation to hitlers invasions before World War Two and called for nations around the w
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