Volatile tuesday. It is 6 00 here and the markets are closing in japan and we have serious weakness. And thetocks are down bank risk is something we have in the context of Deutsche Bank. When was the last time that you saw them send a statement . Torch paper ofa balance risk and this is comparing a raft of banks. Of insuringhe cost against defaults. Indeed. You have 102 billion worth of bank debt making investors nervous around the market. We will get more context on that number and show you how it compares to others. We talked about weakness coming through and you can see some of the risk aversion coming with a strengthening in the yen and a stronger negative rate weakening the currency and a distant memory, it would seem, now. The bonds are negative for the first time ever. We have gone from negative rates in japan and the yields percent oints to that was the yield. We want to remind you that we started this year at 3. 2 . They seem more worried about the global picture. We have gold
Now lets take a look at the markets. This is what we are seeing on the board. Yen strengthening past 1. 15 per dollar. Stoxx europe 600 opening lower. 9. 5 che bank losing yesterday and now gaining 3 . Japanese yen at 115. I want to show you the 10year jgb, negative territory. This fell below zero. If we look at some of the other banks overall this stoxx europe 600 bank, unchanged. The nikkei finishing the day 5 lower. Man and dust unexpectedly fell for a second monday in december. Unexpectedly fell. Even as domestic demand remains strong. The median estimate had been for a. 5 gain. Goldman sachs expects the reserve to increase rates to 1. 3 . Goldman says it sees above trend u. S. Growth and predicts a gold rally will go into reverse. In germany say four people have been killed and 100 injured after two trains collided. The incident happened near a area. N the bavaria thank you. With some of the news you need to know about. The stocks 600 just erased this mornings losses. Mark i want
Million at the start of this month as the overall effective ads and politics is called into question. Are one hour from the close of trade for the day on this shortened weekend stocks are coming back from their lows of the session from earlier this morning. Lets go to the markets where julie hyman has the latest. Julie you have practiced that. Betty vanna white, here i come. We are indeed coming back from the lows of the session. If you look at the one weak performance of the major averages, we see declined snapping their recent streak, the dow down as it goes back toward unchanged today. Been characterized by this change in direction and characterized by lower volume. Group andlume by a you can see all 10 industry belowithading utilities volume down the most. This week has also seen the slowest trading day of the year. We have been watching the sectors with the financials being the biggest weight on negative analyst commentary and that as weng into see airlines and general and General
Of england as it considers the grand distortion. Will get a view on what is happening on the u. K. We will work our way through this show. We saw a big stock rally, and at imf telling ushe the growth story is pretty bleak. The singaporeans telling us they need to get back into crisis mode. Hans it captures what is going on up there. Some people are saying steady as it goes them we see the capacity of a single bank saying lets intervene. We could potentially have a a currencyr or conversation. And all that gets you excited. Guy you have to find something to get excited about. Equity markets probably not going to provide that. Yet, a huge rally for jp morgan. Expectations pretty low. On quarter quarter and beat expectations, but it was still down. This talk about we start morning, this is how the numbers look. Similar picture, it is thursday that means a bunch of stocks going dividend in london. Just be aware of that. That is called at the level stronger the most than most. Unsurprising
Shortening the odds on a trump, hillary contest, they think thats how its going to work out. To the markets, oh, its been fun checking stocks recently. Were 200 points from the high for the dow. We will go up this morning a little at opening bell. Afraid a downer for you, Life Expectancy is declining. Ashley the grim reaper. Stuart death watch indeed. You cant make a joke out of this. Suicide, alcohol, drugs, first decline in life span in a long, long time. Were still here. We have a stock market rally and a wild election to cover and, yes, Varney Company is about to begin. If he knew someone to call, heres to the losers, bless them all oh, wicked, wicked, wicked. To the losers. Thats Frank Sinatras to the losers and thats where were going to start this morning. First big loser is Bernie Sanders. His socialist policies, roundly, soundly rejected in new york. Bernie sanderss Campaign Consultant is here this morning. Socialism lost last night. Your Candidates Campaign is in serious troub