Major averages slightly higher but now slightly lower, consistent with the week. The shortened holiday week with traders may be taking a break, considering on the year we have big gains for the s p 500 up 20 and the nasdaq up nearly 30 , the best year since 2013. An area of strength, Commodity Index is higher for a 12 day in a row. When will it we are looking at crude higher, up 6 10 of 1 and the real star recently is 10 on gas, up nearly the week, its best week since april of 2016 because of the very frigid weather in the northeast. Strength in gold, up 6 10 of 1 . Behind probably some of the commodity strength is the dollar. Dollar index down nearly half a percent, a decent decline for a commodity. This is consistent with what we have seen on the year. G btv 1595. It shows the annual gains or declines for the bloomberg dollar index. We are looking at a nearly 9 decline for the bloomberg dollar index, the worst ever for the dollar index and the worst sense ratess the fed is raising wh
And russia say they are in favor of extending an output cut into next year. Oil jumps to its highest level in two weeks. How far could a Short Covering rally take crude . We will talk about that in a moment. And europes new power couple. After a big win for merkel in the key state of north rhinewestphalia, how will macron and merkel reshape the eu . They meet in berlin later today, matt. Matt thats right. Expecting that meeting around. Oon, so six hours from now we are less than a halfhour from the european open. Bureau stocks euro stocks rising a quarter percent. Cac futures, looks like a risk on day. Investors are selling off bunds. I have a threeday chart, lets move it to one day so you can see the price action. You could see some volatility there, but yields are still up 0. 4 . Right now, to. 0 guy what do you make of the win for merkel . North rhinewestphalia is big, and she took it big. Is it in the bag, when we get to the central vote in september . Matt i dont think you can say
Im caroline hyde. Lets kick off with china. The shanghai composite closed down 5. 5 today, as sliding industrial profits and widening investigations into chinas brokerages fueled concerns over the world second biggest economy. Lets get straight to our beijing euro chief, nick wadhams. Fergus the focus . i think the data figure is fairly minor. The big thing is these probes. There are many ways to read this. One is that they are looking possibly at insider trading. All we are hearing his they are looking at rule violations, which can mean a great many things. The government is looking for someone to blame after the market rout in june and they are going full force. They had thought that the Market Recovery in the last couple months, they thought there was enough strength that they could launch these probes without hitting the market. The market has shown otherwise. Andemains extremely jittery reversed course is sharply once those probes came to light. Caroline just having that breaking
That means texas is going to be one of the most unemployed states in our country. That means oklahoma, north dakota, new mexico, going to be a disaster. Ohio, pennsylvania, disaster. No fracking. I want to have the result of the election. I dont want to be waiting for weeks and months and literally potentially if you did it right, years because youll never know. These ballots are missing. You saw patterson, new jersey, many other instances. Theres tremendous litigation on that right now. That doesnt include absentee. Absentee is different. You have to work and send in for applications, you have to go through a whole procedure, like for instance, i am an absentee voter because i cant be in florida, im in washington at the white house. I will be an absentee voter. We have a lot of absentee voter. We are in favor of absentee, but it is different than millions of pe people. In california, theyre going to send tens of millions of voting forms. Where are they going to go . You read post men
Attending the inauguration of president elect biden hours after condemning the Violent Storming of the us capitol. And coming up wonder woman 1984 tells us the origin story of the superheroine, thats still to come on the film review with anna smith. The uk records the highest number of deaths in a 2k hour period. The deaths of 1,325 were reported in the past 2a hours. Previously the highest level was on the 21st of april, when 1,224 deaths were recorded. The uk also records a further 68,053 new cases in the past day. The news comes as government scientists estimate for the r number thats the measure of how fast the virus is growing, has gone up to between one and 1. 11. That means on average every ten people infected with the virus will pass it on to between ten and 1a others. Before christmas it was estimated to be between 1. 1 and 1. 3. Scientists advising the government said the estimates of r and growth rates are based on the latest Data Available up to january four and do not incl