Concern about the strength of the global economy, japanese shares are leading the decline. Up more than one half percent. That is where the rate hike comes in,. Swaying the decision near near zero rate. Janet yellen says it increases on the cards this year. Australia is adapting to life after the mining boom, just fine, according to glenn stevens. The decline in the aussie dollar has boosted tourism. Sustralia has cut rate twice this year to nearly 2 to spur investment and consumption. Let us check out the asian pacific. There you have it. It is red arrows, as i said. And this was the late start of the day, off of japans selloff leading the way. It is down 1. 5 . South korea as well, we have central bankers making comments this morning. Equities down 1 10 of 1 . Really a culmination of reaction after they released the statement, janet yellen takes questions from reporters in the news conference. Heres a bit of what she had to say. Janet yellen the central open Market Committee reaffirm
Month lows, three and a half month lows, today up 4. 25 . At these levels the are they bee more cautionary on wall street . That being said when you look at the s p 500, there is resistance at the 1802 level. While 1800 sounds like a great level, the traders and analysts looking at 1802 as the resistance area. Lori thank you so much, nicole. Dennis a stock alert. We are watching of microsoft on a downgrade from comerica merrill lynch. Cut in the stock to underperform on neutral citing challenges to the you have to be named ceo. Tech giant may be getting closer to replacing steve ballmer. Meeting today to narrow down that list of candidates ahead of tomorrows shareholder meeting. Lori and sonys new playstations off a strong start, over 1 million councils sold within 24 hours lunch. The speed is the first updated videogame system in seven years. Dennis hoping to sell 5 million by march. Reports of some glitches here and there, but they say this is within expectations of a new Product Lau
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