How did they get hit so hard when Nothing Happened . The absurdity of all it can seem preposterous, totally frustrating. Market wide selloff makes you feel like the business of stocks at best stupid, at worst corrupt and it drives you away from the entire asset class i wish i could tell you that theres some hidden logic that makes these declines seem reasonable but your inclinations are right. The action often is every bit as stupid as it appears thats way i want to tell you all the ways stocks can be impacted by forces that have nothing to do with the companies themselves so you have some grounding about what might be driving you crazy. The absurdity of your stocks going down when nothing happens at the underlying companies. So were going to pull apart all the reasons your stocks do go down through no fault of their own. That way youll have a more certain handle on how to take advantage of these big market wide declines. Because when you know what youre doing, you can make a decline w
We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the retreat we are seeing in oil. Falling after setting the two
Agreement. Nancy pelosi jumping to irans defense, claiming the rogue nation hasnt violate what president calls the worst deal of. Well try to get to the bottom of it. The president also taking aim today at one of the strangest components of obamacare, paying out billions of dollars to subsidies to Insurance Companies despite makings about of profits. Amazing. David the president says it is corporate welfare. He is ending it now but will courts let him . Fires rage in california as death toll continues to climb. A live update from napa valley as. Melissa blue chips closing higher for the fifth week in a row. Longest winning streak for three months. Go more to Nicole Petallides what is moving these markets. Happy friday to you. Happy friday, right back at you. Everybody loves a nice record close on friday with five weeks of gains. As you noted, look at dow up 34 points. Just now settling 22,872. Were so close. Were sitting right at that level at this second. Will it be a record . The dow
Markets. Following a healthy run in asia overnight, european markets have opened. Once the leader in smartphone technology, blackberry left the handset game last year to focus on software. Well be speaking to the chief executive about the move. And a handwritten note containing Albert Einsteins formula for happiness has fetched 1. 3 million at auction. So, we want to know whats your secret to happiness . Apart from watching bbc business life, of course just use the hashtag bbcbizlive. Hello and welcome to business live. Let us know what makes you happy. A two year row over whether to ban the use of a common weed killer in europe reaches its climax later. Eu Health Experts are due to vote on whether to extend the licence for glyphosate. Its a chemical used by farmers and gardeners across the world in the herbicide known as roundup. To give you an idea, residue of the chemical has been found on 45 of europes topsoil. And it was discovered in the urine of three quarters of germans tested,
Saudi arabia over the last two weeks. Feels like these days if you want a look at the implications in the oil market you need to be a geopolitical analyst at the same time and know about the ins and outs of the mideastern policy do you think its really just a geopolitical risk premium added to the oil markets is that actually something, the saudi arabia situation, that could impact the balances overall . Well, what were seeing leaving aside the geopolitical tensions for a moment is that there has been lower Production Output in Northern Iraq because of the situation there and we saw, as we said in the report, lower than expected production in one or two other places, algeria, nigeria, venezuela, mexico, lower growth than expected in the u. S added to the fact that stocks are falling as we also see in the report and demand in reasonably strong. There are some underlyingfu fundamental factors that help drive prices, but the situation in the middle east has added further momentum in the u