Appeal the decision. San francisco fed president John Williams tells cnbc exclusively that fiscal stimulus will only have a modest effect on growth, but says the fomcs aim to tighten policy is appropriate. The tendency of the views of my colleagues of one to three rate hikes are a reasonable view given that employment is 1. 6 , the economy is growing to 2 and inflation is growing back to 2 . Thats a reasonable assumption. Good morning. Tgif. We have a lot going on today. We have a preview to the jobs report. A big reversal in the yuan against the dollar, but its all covered for you. Lets kick things off with a look at European Equity markets. We are modestly trading to the down side to the tune of 0. 2 on the stoxx 600. It is jobs day in the u. S. The first jobs report of the year and were expecting a print of about 178,000 jobs. Lets look at the indices one by one. The ftse 100 eking out a modest gain of one or two points. The ftse is heading for the fifth week of gains. The xetra dax
I am mark tucker. Is 8 00 a. M. Across the emirates, 4 00 a. M. In london. Im Tracy Alloway in dubai. David im david and glass in hong kong. There is a lot to talk about this week. The fed has not been fully priced in. Had you make money if everyone expects them to move . Have a look at some of these charts i have for you right now. It speaks to the risk ahead. First one, dollars saying. That they are saying is that hair you want to watch across asia because it has not really gotten ahead of the 55 day moving average. It bumped its head in late january and a few days ago, so this is something to watch. The other thing i will point out is when you look at their reflation trend, we had data earlier from japan ppi. When you look at the other charge, 6711 on the bloomberg, we now have both china and japan showing solid signs of reflation when it comes to the factory. That bodes well for the inflation trade and when it comes to pricing for the oldschool industrial conglomerates in both coun
Are 30 minutes away from the open in hong kong, china and taiwan closed for trading, but singapore and malaysia coming online, a slew of asian pmis, the markets have a lot to digest. Lets get it over to david ingles. Happy first day of the quarter, by the way. David and to you as well, heidi. Ofeak dollar story, a bit deals. The leaders across asia, a few flat markets. South korea. 5 , new zealand, singapore, we wont get into the details. Japan erasing earlier losses. Have a look at the currency markets, inflows, the south korean won, a big movement with high beta currencies like the won. 1111 predicted in the next few months. All right, put this up and have a look at the commodity markets, and no Movement Across energy. There was a big move last week. All the information has been priced in. Next key thing is what happens to inventories. That is what opec keeps saying. Look at inventories and the main data. When we moved to june, we expect the needle to be moved a little bit. The bonds
Amc entertainment says a lack of summer block bust earls hurt the bottom line in the latest quarter. Well talk to adam aron in a first interview about that and his companys merger plans. They have a lot of mergers. Breath taking is the word he uses to describe this. Tesla reaching that deal to buy solar city. Well look at what it means for shareholders. Lets start, though, with oil. Big mover today going lower. Yak i can deangelis tracking the action for us at the nymex. Good afternoon to you, bill. We settled higher than 40. But we did get down to 39. 82 and shows the momentum is there. 40 is a key psychological and Technical Support of oil prices. Lets see why we rose and why were falling particularly so early in the season. The demand for summer driving gave us an uptick. We got up to the 50 range, the dollar supportive. Everything seemed fine. On the downside, why we fell is because we had a crude inventory glut that created a gasoline glut and profitable to create more product and
Londonome we send it to for the first word is. Best first word news. Another victory for donald trump, his third in a row. The catch is 45 of the vote last night. Mark and ted cruz were battling it out for second place with 20 Percentage Points behind. If you listen to the pundits, oo werent expected to win t much. Soon come of the country is going to start winning, winning, winning. Republicans now set their sights on super tuesday. More than a dozen states and territories will hold primaries on march 3. One hit a recreational vehicle in louisiana. 30 were injured and others may be trapped in the wreckage. The u. S. And china close to agreeing on new sanctions for north korea. Both countries want to punish north korea for its recent Nuclear Tests. Chinas participation is essential. It is north koreas largest trading partner. Matt chesapeake out with earnings, coming in line on etf . 16 was the adjusted loss per share. That is what the market was looking for. It was not the earnings or