The upside. This is down to wall street, partly traders getting wages on that. The fed hiking rates. This whole talk of chinese stimulus is rekindling some of that risk sentiment. We are talking aboutas far as the bond market, we have a steady picture for treasuries. Weve got the 10 year yielding 4. 6 , where we were yesterday. Weve also got an open in thailand, having a look at bangkok and seeing what is at the start of the trading day. Its a by. 25 . Seeing a pushback taking place with the recent stimulus plan. 15 billion handout in thailand from the new prime minister. Some of the Rating Agency suggesting that if they dont get growth out of that, they may be looking at a downgrade. Its about digesting that, its continue to strengthen. It by nearly one barth in the last week. The fed speak, it is center stage. Speculating that the central bank will hurd well head to another pause as far as Interest Rates go. We are on track for a soft landing. Inflation has come down quite a bit. The
In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c
Lets get to the Global Market picture. Lets look at a start to the year which has been the best start to the s p since 2003. The first nine trading days of the year up 4. 2 on friday the dow was up 0. 9 the other two indices up 0. 7 . Week to date about 1. 5 to 2 of gains. This morning, as you can see, resoundingly positive start in the premarket. Dow up 271 points. The s p up just 14 the nasdaq up 38 very much the dow surging higher this morning tenyear treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week were at 2. 53 we got very close to 2. 6 early part of last week. Look at the mood in asia the nikkei at a fresh 27year high, up 1 in todays trade hang seng closing actually at a record high, 31,904. Stocks there up 1. 8 the shanghai composite up 0. 8 south korea seeing gains of a similar amount the key Economic Data in asia will be chi
Carnival as Rio De Janeiro gears up for the festivities these women are dancing for change they want to party in peace for good in the end was sexual harassment. Also on the program v. W. Travels to norway as part of our road to break that series breaking up is hard to do but could the norway model for britain no regrets in its post breaks a future. So im terry barton good to have you with us. Germanys two biggest Political Parties have finally agreed on a deal to form a Coalition Government they made the announcement in berlin after another grueling game of give and take more than four months after the countrys elections but both chancellor of the medical and her social democrat counterpart Martin Shultz say the agreement is the only way to guarantee german stability after a marathon thirty four hours of negotiations it was old strained smiles for the would be Coalition Partners with the working compromise achieved relief from the chancellor. Its been about sort i am convinced that th
Next german finance minister could well be this man hes a probusiness centrist all of charlottes for his from the social Democrat Coalition partners and could soften the harsh face of austerity. And Business Executives will struggle to convince schultz to adopt a new Corporate Tax cuts modeled on those passed in the United States which have triggered a flood of investment the last Corporate Tax overhaul here was a decade ago the association of german chambers of commerce and industry praises the Coalition Pact for investing in Digital Education and broadband but theres criticism from other groups that nothing much is going to change under another grand coalition we spoke to tino boatmen of germanys Engineering Association the v. D. M. A he was certainly rather lukewarm about the coalitions tax plans. There is no increase of income tax only very very little to refuse the taxes in germany for the time being small things like what we call in germany. Are going down but not for everybody o