Lets check in on markets in asia this morning. U. S. Ose of you in the wrapup your thanksgiving meal. Equities up. 1 . Seeie dollar continues to weakness after australian capex fell by the most on record. To new zealand we go. This is the view from there. Spotew Zealand Dollar weakening at 65 u. S. Cents. Lets head over to japan. This is the view yesterday on light volume ahead of that thanksgiving holiday. And were in thick of that. Nikkei futures pointed to a higher open. Dollaryen is slightly weaker. But we begin today with an unexpected rally for commodities as metals surged on speculation china may step up its support. Jumping commodities led to gains around the world. So, is at a rally with legs . Is here now with what chinas possible intervention and how this can impact the markets today . We understand domestic players will be meeting today amid this record slump we have seen. Ee biggest drop in the l metals index. We saw metals rising from europe to canada. We saw copper up as
Higher and the dow nsc s p have turned very slightly lower. Remember it is a holiday week so we see trade down there take a look at the bloomberg terminal for the various group volumes. Here is the zero line here. Anything going down from here means volume is down to one exception is health care where we are seeing Trading Volume 40 over thean the average past 20 days. A lot of it has to do with the deals announced in the industry. Pfizer and allergan, 100 60 billion. Our is technically buying pfizer so it can be domiciled in iowa and get the tax benefits but as we talked about recently, there are questions about whether the u. S. Treasury will clamp down on h inversions nearly inversions. Hillary clinton commenting today. This is a specialty battlingtical Company Recently along with valeant about concerns on the specialty model. The companys earnings estimates and we saw a Strong Demand for various medications streak, things like lupus and critically ill infants. See the shares of 7.
Also outside of the fed weve seen lots of action going on in other markets, including south africa. Mark the rand is down to another record low. There was a big rattling yesterday after the president sacked his finance minister. Im looking at the spillover into the u. K. Market. This is the u. K. Insurer old mutual. It found itself in 1845 in south africa and moved to london in 1999. 70 of its revenues are based in south africa. In todays this year has fallen by 21 . This is the biggest drop in six years. 21 fall. The biggest twoday decline ever. All you have got to look at is all mutual old mutual to see that as evidence. Betty we will be back with you. I want to check in on the bloomberg first word news. A lot of action happening in europe. Courtney has more. Courtney we had to california first. And the i. T. Has searched a link an fbihern California Team has searched a lake in southern california. They have recovered a computer hard drive that might have been dumped by the shooters.
Now the markets, after session lows down across the board, 1. 5 . The falling price of oil is bringing down energy stock. 1. 4 . P 500 is down the nasdaq is down 1. 6 . We did get good u. S. Retail sales data and Consumer Sentiment. As well as lower unemployment numbers. That is not to turn this around. For every one stock of, 8 stocks are down. For the week on this friday, the worst performance since november 13, we are down by 3. 5 and 70 points. The index is going 20 six sessions without back to back games. The record is 28 days. That was set in 1970 him and he hit it in april of 1994 and again this march. Two more days and we will tie it again. Three days, and it will be a new record. Oil, a lot of superlatives in the market. Nymex crude is down 2. 9 . It is down for the sixth day in a row. This is its longest losing streak since march. It is the lowest since february of 2009. Natural gas is falling, it had broken below the two dollar mark, and it has risen above that at two dollar
Exclusive deal to debut a film of the pop stars world tour. Good morning, everyone. Were roughly 1 15 into the trading session and this is what youre seeing. Youre actually seeing green. I guess very few people had expected this after the poor showing that we got after the asian trading after the big dropoff from u. Is the dropoff on friday. The dow was off 3. 3 . The dow off 4. 1 for the week. The ftse 100 off of. 5 . The xetra dax up the same. The cac 40 up even higher at 0. 9 . This week we saw it in asia and the junk bonds and the oil route. In asia the shanghai comp is up 2 . The Macro Economic data was up better than we expected. The fixed Asset Investment is at least in line. The anything kay is also off by 1. 8 . Meantime, the yuan has hit a fresh year low. The trifecta in china. U. S. Futures, pretty tough week for wall street. Markets slumping. All big three indices falling more than 3 . We saw the biggest single daily decline for the Dow Jones Industrials and the s p 500 sin