A very warm welcome to bloomberg daybreak europe, our flagship morning show. Im anna edwards. Manus im manus cranny. Is this a warning sign . This isre so passe, but the relationship between auto sales of the United States of america and the s p 500, and they are virtually lockstep. But that relationship looks as if it could be just beginning to turn. Should we get alarmed at the fact that auto sales have dropped, and still the s p 500 careers higher . Car sales slumped to the lowest level in two years. If you believe it will close the gap, one of them is going to aove, and that could mean 10 drawdown. Is it a warning shot . Anna does the s p fall, did car sales bounce . Is that something in the past, and other other indicators . Is the sector not offering what they want to buy . Lets have a look at the radar risk. This is something that was a feature of the trading day. In particular in japan, some of the auto sectors were week. Weakness in the u. S. Auto sales, strengthen the yen, th
They failed to produce a majority government putting credit at risk. Anna welcome to countdown. It is 6 00 in the morning here in london, Independence Day in the united states. Markets. To the wipingn the asiapacific out brexit losses but if that makes you think we are also seeing money going into safe haven assets. There is a surge going into the silver, indicated by this dotted line. Weve seen a surge in safe haven assets because part of the enthusiasm for equity markets a nature comes from the expectation that we might see more support from Central Banks. Lets put up the risk radar. We mentioned the bounce in equity markets wiping out brexit losses and commodities also on the rise. Commodities, the wti price is fairly flat. Nigeria having a trouble enforcing a ceasefire in oriole country. We have Seen Movement in the Australian Dollar. It dropped but then recovered. Neither large party in australia managed a majority more coming up throughout the hour. We will have more analysis fro
China says the ruling is a farce and criticizes the u. S. Response. Bernie sanders endorses Hillary Clinton and a show of unity against donald trump. Can clinton win over Bernie Sanderssupporters. Let us know what you think of todays top stories by following me on twitter. Dont forget to include trendingbusiness. The china and hong kong markets get underway in 30 minutes, but singapore, taiwan, and malaysia have come online. Here is a look at what is happening so far. Juliette the bulls are back, another positive session. At aprilnal index is 28 highs. Adding to the 6. 5 gain so far this week. The yen posting its biggest 28 twoday drop. , thee austrian sharemarket losers are gold stocks. This is showing the risk on appetite in the region. Gold in the new york session fell by 1. 6 , the biggest drop in six weeks. Solid support from other mining players lifting the asx 200. Korea had a better than expected employment report, unemployment falling to 3. 6 , the kospi well supported there.
Todays yuantching facing after a report questioning its status as a safe haven currency. At todays top stories and tell me all about it. Follow me on twitter rishaadtv, and include trendingbusiness. Hong kong, shanghai opening in 30 minutes. Others coming online. Starting things off with a record highs. Lets go to the new zealand market, up by. 50 , a solid session last week, no holding on to alltime records. Kathmandu up by 2 . Out there. G a switch session,lia, a solid 8 10 of 1 on the asx 200 despite volatility and weakness in some of the commodity contracts. stocks leading the way, whitehaven up by 5 . A boost as iting announces its shots 500 stores. Weve had the japan trade data better than expected, the nikkei 225 by. 50 . Theyen weakening to 106 to dollar. Adding. 2 5 kospi after a lackluster session on friday. Taiwan, singapore, and malaysia joining in the buying as well. Certainly looking like the risk on rally in asia is continuing, even though analysts have been saying the r
To portray himself as savior. Maker hoping to power its self. Follow me rishaadtv, include trendingbusiness. Just starting off the trading session. Were looking at what is happening so far. The bulls taking a backstop, arent they . Juliette the regional index hit a high during thursdays trade, but merrier drug he the ecb has disappointed, u. S. Stocks easing thisrecord highs to in region, weakness in the early session. Forapore opening lower, tens of 1 , a switch outing kuala lumpur, and taiwan flat. Significant downward pressure today, but easing from a sixweek high. 12 below the 30 day moving average. Bank comments weighing on Investor Sentiment even though governor kuroda made calls about no helicopter money before the brexit vote. , downch out in the kospi a 10th of 1 . Weakness and commodity players weighing on the asx 200, particularly energy players. There is upside in gold stocks. A looks like there has then flight to safety assets during the overnight session. I want to show y