This is the markets we are looking at in terms of global equities. This is a second straight day of rallying, s p 500, futures advancing, crude oils advancing to levels we saw back in october. Jumping,s dollar also and the nations bond following after the nationsbank released minutes of the latest meeting. Lets get straight to the bloomberg first word with nejra cehic. Nejra thanks. Broadbased a weakening of inflation pressures was behind this months surprise Interest Rate cut. The australian Central Banks first reduction in a year came after cpi fell on the First Quarter for the First Time Since 2008, even as the Growth Outlook remains steady. Still, the aussie dollar jumped, as they said the deal wasnt viewed as a slamdunk, reducing the likelihood of a followup move in june. George soros has cut his funds in u. S. Stocks by more than 1 3 in the First Quarter and bought a 264 million stake in the worlds biggest bully and producer. Hes warned of risk stemming from chinas debt fueled ec
From the asiapacific to new zealand we are seeing losses this hour. Lower on that1 disappointing chinese data. Retail sales. Right now youre seeing a decline in about one third of 1 . Also counting down to the openings in australia. Futures are pointing to a slightly lower open. Plus including being in the second cut from the royal bank of australia. Dropping to record lows. After that chinese data over the weekend. Lets get over to japan tracking futures trading at chicago. We are seeing signals pointing to a lower opening on monday. Japanese yen is still range bound. Watching out for Producer Prices for april. We will break that to you when it comes. Is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. How bad do things look . In march we saw a slew of positive data. Some would say this is a corner has been turned. The reality is that industrial output and production and retail
It has just gone 6 00 in the morning here in london. Givingsh retailer numbers for the full year. It looks to be in line with estimates. 4. 7 billion euros is where the number has come in. The estimate was for 2. 9 billion euros. Fullyearalking about like for like sales rising by 8. 5 . Lyear sales coming in it 57. 8. A touch like where the analyst had the fullyear gross margin. Nomura has been talking about looking for updates on possible Additional Capital returns. We will see if we get any news on that front. Erin mind this is a stock that has been increasingly loved by analysts. We have a lot of upgrades coming through on this one recently. Rated as a new performer at macquarie. Relative to the sector it does have a premium value that trades times Retail Sector. Numbers from the german logistics business, giving us an update, confirming their 2016 target. That will be some comfort to some people who follow the company because it is a business that has issued two cuts to its profit
Roadshow. Lets get you up to date on everything you need to know. Caroline japans crude oil imports last year fell to the lowest level since 1988 amid declining population and more efficient vehicles. Data showed that japans annual narrowed 80 from the record as Energy Exports fell and a weekend spurred a modest increase in exports. The shanghai composite has tumbled 70 so far this year. Ubs says the slide is not over yet. Officials say the index will drop to about 14 lower than current levels. At least 18 people have died in the blizzards that a paralyzed much of the eastern united states. Many places solve more than three feet of snow while central part had its biggest 24hour snowfall on record. All Broadway Productions were canceled for the First Time Since hurricane superstorm sandy. 12,000 flights were canceled over the weekend. Londons a third of staff expect a bigger bonus for 2016 according to a survey by a recruitment firm. Two thirds of employees in the city expect to receive
Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transports and ten year transportation average is now down almost 2.