Paid hundreds of outside contractors to transcribe clips of audio from users of the services. More on that get exclusive story through the day. I want to check in on asset prices that show you what kind of risk on rally we had after donald trump said he would only put tariffs on part of the 300 billion worth of goods from china that he had previously flagged to start in september. We see asian stocks rising after the massive rally in european and u. S. Stocks, gains of 1 and more than 1 across the board in the u. S. You also see another contributor to the risk on sentiment. For the fifth day in a row, china has set the yuan peg stronger than expected. Five days in a row the pboc says it is stronger than the market signaled the. Signaled. Ket , no more safen haven bid, the dollar gaining strength against the japanese currency. For the yen. Nejra perhaps some part of the market saying we got ahead of ourselves yesterday. The s p 500 jumped 2 at one point. Apple leading the gains. Only so
Companies will meet today to thrash out a rail deal nestle says it will speed up share buybacks and pursue external Growth Opportunities as the Swiss Company pledges to improve margins and cut costs. Good morning, everyone its tuesday glad youre with us once again we have another jam packed show. Lets kick things off with a look at the equity markets youre onehour into the trading session. Were fairly even steven at this point. The latest escalation in the war of words between north korea and the u. S. Is not helping. We are largely brushing that off. Stoxx 600 is close to session highs. Safe havens are seeing inflows are gold, the yen and the swiss. Markets one by one, the xetra dax is just clinging on to the flat line, off by 5 points ftse 100 off by 0. 2. Cac 40 up by 0. 1 . When it comes to sectors, a couple interesting things to tell you about oil is not doing too badly up 0. 3 this as brent is moving closer to the 60 a barrel mark. Tech seeing underperformance. You have it down b
Widely forecast by 28 out of 29 analysts by bloomberg policy makers back in september scrapping plans for further rate cuts amid signs the nation was withstanding the slump in oil prices and inflation remaining above target. 2. 9 sweden earlier keeping rates unchanged leaving the door open for further stimulus in 2017. That is the big headline. Norway central bank maintaining the key rate. Lets look at whats happening across the assets. The stocks were earlier. It suffered earlier. Down. Worst stretch from september well over a month. Ahead of the allimportant g. D. P. Data in roughly 29 minutes time. It bottomed at 120, 123. Thast the lowest since may 1985. The tenyear yield is little change. Yesterday it rose to the highest since june 23. Up from 51 bases points on august 8. The lowest boosting expectations and moving to expectations of inflation. What a good time to look at the breakeven. The almost highest level in three years. Risen 2. 3 prereferendum. This is one of my favorite c
Articles about how the twitter deal signaled the end of the bull run. Today, dow up. Nasdaq advanced. 01 . We saw the quintessential top calling piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put aside for a moment the hilarity of the could be bad sub head. Bad for what . For individuals . The bulls, bear, eagles, country . For now lets focus on what i call the time honoredness of the could be bad exercise. First, it is true. Market had a 24 advance this year. Stock market has been a good place to put your money since the bottom in march of 2009. Second, individual investors are definitely more interested in stocks. As the article points out, 76 billion put in stocks versus the dollars pulled out. Im not oblivious to the steaming hot nature of twitter. As i said last all week, everyone has the right to overpay as long as they accept consequences including the responsibility something could go wr
Deal with the bull run. Today dow up. Nasdaq. 01 . We saw the coin piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put a side for a moment the hilarity of the could be bad sub head. Theyre for individuals. The bulls, bear, eagles, country. For now lets focus on what i call the time honoredness of the could be bad exercise. It is true. Market had a 24 advance. Stock market has been a good place to put your money since the bottom of 2009. Individual investors are definitely more interested in stocks. As the article puts out. 76 billion put in stocks versus the stocks pulled out. Im not bloblivious to this twitter. As i said last week, everybody had the right to overpay as long as i dont accept consequences including the responsibility something could go wrong. Twitter could turn out like facebook, highly overrated stock. Became inexpensive and became tremendous earning power as the company got the