We had a long weekend. Abigail they are getting back to work with more records. We have the dow, s p 500, and nasdaq trading nicely higher, hitting another day of simultaneous highs. Anyway you slice this, we are looking at very bullish assets. It is the best monthly performance since march last year, a continuation of the rally out of the election. Administrationp will reinvigorate the economy. Have a 1 move up or down for the s p 500. If you go to the bloomberg, the top orange line is a 1 move up and the bottom orange line is a 1 move down. We are on day 50 without the move in either direction, the. Ongest streak since july 2014 investors are waiting for more information before they make a bigger move with the s p 500. Have a somewhat stilted rally of rally ofgh stealth record high after record high. The fed in march, what it actually does for stock. But we are looking across asset class, it is a bit of a reversal. The bloomberg dollar index was trading higher by 4 10 of 1 . The 10 y
President Loretta Mester. Minutes away from the open in china and hong kong a meandering day when it comes to the asian markets. Comingrecord closes through from wall street as they played catch up after the president s day holiday. Singapore, taiwan, and asia coming online. Sophie, how are we looking . Sophie lets look at the risk radar. About have gold up high 0. 1 in the dollar waning somewhat. Some strength back in the nikkei 225. Toshiba was up 7. 5 . Maintainingots be tuesdays climb. The asx 200 turning positive after opening weaker this taiwan, theyver in 0. 5 highernline at today. Tsmc may be throwing its hat into the ring for a toshiba chip set sail. We are hearing that from the singapore straits times. Earnings very much in focus. That is what is giving investors hesitation. About 70 of companies in the msci asiapacific index have recorded result in half of them have beat expectations. Haidi be very much a very mixed bag. You are seeing uncertainty as to where this rally goes
This is the stoxx 600. Investors cautious today before speeches i donald trump and janet yellen. Stoxx 600 down by 0. 2 . Dollarg down against the , falling against all its major peers after the times reported that Prime Minister theresa mays team is preparing for scotland to potentially call for an independence referendum in march. The french 10year yield is down to 89 basis points. Emmanuel macron opening up his biggest lead yet over Francois Fillon. Lets finish up with gold, down 0. 2 . Gold will head towards 1300 in as inflationmonths expectations pick up real Interest Rates turned negative. That is according to ubs wealth management. Lets get the bloomberg first word news. Nejra the London Stock Exchange said its 13 billion tie up with Deutsche Boerse is unlikely to proceed after a new regulatory hurdle signaled a potential end to the effort to create a dominant european exchange. Officials had requested that the nsc divest its Trading Platform, but the nsc said it couldnt commit
See for donald trump. To learn starting about what the Trump Administrations plans are. We go to our chief washington correspondent. We argued a reporting about this budget outline and when it may come out. Take us through that. Later today, the white house is respected to release a twopage summary of President Trumps proposal. This comes one day before President Trump addresses a joint session of Congress Tomorrow in prime time where he will lay out his policy proposals. Imt of the sources speaking with want more specifics. Heres what i can tell you so far. For the cut spending state department and the Environmental Protection agency, but it would boost military defense spending. We have reports that they may trim back their expectations of growth. That is something terribly important to people watching this program. What is behind that . Precisent have a reason for that estimate. That would perhaps show a slight reassessment this administration has in the economy. Economicput through
Ceo of canadas largest diversified mining company. Have a look at european equities, trading just about 30 minutes into the end of the session. The far left column is equities. We are down for a fourth day on the stoxx 600. The worst run since november. All of these in the second column arising against the dollar mix there for sovereign bonds. Carrier, the dutch mail has the biggest decline since december. It has announced additional cost cuts today to account for this decline in demand for its postal services. Lowering its forecast for earnings this year and aiming to capture the Additional Savings and push through christ price increases, a percent lower. Today we had the euro Economic Confidence rising to the highest level since 2011. That is the wide line. Areas data confirming the economy is in better shape than it has been for years, falling unemployment with weak inflation providing a boost to consumption. We have got a bevy of Economic Data to confirm the improvements in the 19