Haidi markets dont seem to care. Stocks are surging with traders seeing no chance of imminent war. Death by a thousand cuts. Noble is downgraded again, moodys worried about default. With all these north korean tensions, with got gold going up late. We also see action on the equity markets reflecting the simmering words taking place between pyongyang and washington dc. I talked to a currency trader yesterday. Aboutasking questions what is most, and he said it coin bitcoin. Bitcoin has gone over the 4000 level. A flight to safety, you could argue. It is mirroring what is going on with gold prices. Nonetheless , it is a traditional haven. Is bitcoin also a place where people can take refuge . This is continuing in the week wake of a split that has taken place with the crypto currency. Incredibles pretty what a world we live in where the chinese currency and cryptocurrencies are aware investors are seeking havens. Elsewhere, risk back on the table. We had a rally overnight in wall street.
From the open of asias first major market. Betty it is after 6 00 in new york. We will be looking at how all of the action on wall street will play into the asiapacific trading day. Not as much action over the weekend as we saw last week on friday. Steve bannon finally being ousted. Palace intrigue is what they are calling it. We will go from focusing on what is going on in washington to what is going on in jackson hole where the fed speakers are lining up, in particular janet yellen. That is where the markets focus will be. Given all that intrigue, we did close close lower again. Haidi never far from the political misadventures in washington at this point. That is a point of focus for investors. It is a macro light week this week, but we will have fed speak and centralbank speak going into that key event in wyoming. Take a look at how we are setting up in asia. Fallingthe dollar index with all 10 currencies except the swiss franc. Kiwia stocks down 0. 2 stocks falling down 0. 2 . This
Wargames start this trading week , a few jitters, a mixed the session, msci asiapacific nding declines from friday extending declines from friday. The palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the Trump Administration. Macrolike when it comes to asia and globally, but 54 or the eight, local Central Banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the Balance Sheet about Interest Rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for Janet Yellens comments, guidance when it comes to the richer directory and talents sheet unwind. The ecb, not expecting shock and all from mario draghi. 2014 had him using ja
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . So when you wake up in the morning, you say, look at all that i have achieved and i am proud with what i have done . Ginni what a way to start. [laughter] ginni i dont think i had either of those thoughts on the first day. I thought about what an honor it was and what a responsibility. People forget ibm is 106 years old. You wake up that morning and realize you are a steward of something. When i was growing up, ibm was the dominant Technology Company in the world. Ginni it still is, david. [laughter] david you think it still has the same strength it had in the 1960s . Ginni ibm is great, but for a reason you did not mention. If you can. Venture self over and over. I will say, oh we will watch and see. Do it 3, 4
Corruption verdict. That verdict is going to be closely watched in south korea. Markets are waiting with bated breath, on the fed speakers at jackson hole. Be payingen will attention to tomorrow here in the u. S. There were some jitters in the markets. Ceilingk about the debt rattling investors. The dow off 30 points. Off 1 . Aq also s p down 2 10 of 1 . The declines are there but not as much as you might expect. Most investors are on the sidelines awaiting janet yellen and her comment. Yes. We are pushing pause. Talku can say anything to down that rising euro. In asia, prettier than brawl wall street. We have rallied for eight of the past 10 sessions. It has been a decent two weeks but we are flat for stocks. The kiwi, two days of losses. Spikes may continue to exit if we break below 72. We are just at a whisper from that now. And markets not going anywhere. We have been stuck in this tight range for three months. Mostly we will see any kind of breakthrough. 79 for the aussie. A key w