Gold moves to a shine after moving to a sevenyear high and Oil Prices Bounce back the Oil Ministers tells cnbc he is not worried about the virus im not a concerned person. I tend to think calmly everything serious requires attendance President Trump is up beat about a trade deal with indian Prime Minister in a press conference of day two of the u. S. Leaders state visit im optimistic we can reach a deal that will be of great importance to the two countries. Working together, i know we can achieve new breakthroughs and forge even brighter futures the new coronavirus drove fears it could turn into a full pandemic the stoxx 600 now above the flat line we did see the stoxx 600 pair back stronger gains early on in assessment mode trying to determine where to go from here after selling off yesterday dropping 3. 8 . In terms of the latest on the numbers around coronavirus, the number of confirmed cases now nears 80,000 globally. Over 800 people have contracted the virus in south korea while c
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
Reality keeps going things that arent supposed to happen and dont shy to a supposedly negative scenario. Todays stunningly good news flow finally put an end to the dows losing streak, s p climbing. 34 . Nasdaq climbing 0. 43 . Bears love to growl. Give them some honey, meaning bad news, and they are in heaven. But this markets real short of honey. Instead its filled with swarming killer bees. Good news for the bulls, and as soon as they get enough collective stings, what do they do . They head for the hills. What were todays bee stings that took our minds off washington where the yogis and bullies keep struggle to repeal obamacare . For starters theres todays Consumer Confidence level, which rocketed to the best reading since 2000. This is a tough number for the bears to believe, because is bears decided the reason why things were going north was because of the swamp. Ive said over and over again that while trumps responsible for a part of the advance, theres so much other good stuff t
Outperforming european equities since 20,003. The euro dollar. The dollar index heading for its sincet quarterly drop 2011. Yields on the u. S. 10 year at the 10 year. Wti at 38. 17. Lets go to vonnie quinn. Vonnie in washington dc, the Nuclear Summit gets underway. Terrorism and the Islamic State will be on the agenda. President obama will discuss north Koreas Nuclear and missile tests with japan and south korea. Considering whether to deploy a Missile Defense system in south korea. They will talk about north korea with the chinese leader. The president will bring up human rights and chinas territorial claims in the south china sea. Officials at the Bristol Airport Brussels Airport are working on temporary repairs. Bombs destroy the checkin area. When the airport reopens, it will be able to only handle a fraction of the normal traffic. Donald trump has reversed himself after making remarks on abortion. Earlier, the president ial frontrunner on the republican somesaid there would be so