Companies listed in new york. Tiktok remains a major stumbling block. Uber delivers, but not where we might have expected. Food shipments top ridehailing for the first time as the decade of unchecked growth hits the brakes. Haidi lets kick it off with a check of the markets. U. S. Stocks are surging, pushing higher as hopes of a stimulus to deal in congress will be imminent as President Trump says if nodeal is forthcoming, he could take action himself. The are seeing s p futures looking flat at the moment after the s p 500 pushed its fifth straight positive session overnight. Chicago nikkei futures also pretty flat at the moment ahead of the holidays kicking off next week so as you expect, we are seeing traders shifting their holdings and also assessing a flood of earnings. The aussie dollar holding that threeday again before the rba Quarterly Monetary Policy forecast. That report due out this hour. 72. 33. We heard from phil evans in the previous hour saying he sees putting clear road
Economic houses in place. Theres seeing property is the biggest threat. You may have seen a glimpse of what is to come in 2018 and the treasuries market with that yields surge we saw today. A lot of nervous investors around how much the yield curve has flattened in the face of more positive economic data. I want to bring up this chart really quickly, which shows how much a yield curve has flattened. It is headed toward that in version, usually points to an imminent recession most times. We heard dow fed president fred kaplan say thats usually the ase, how you determine flattening inverted yield curve, and why this time would be any different. That has a lot of investors nervous, are we going to see some sort of tantrum in the bond market . That would be quite shocking to the market. It has been interesting, too, what weve seen overnight, not just the 10year come the 30year. Reform . Signal of tax could we see some type of Economic Growth, or are we going to reach your end and see this
Characters in a bid to have wider debate. Kathleen i dont care how many twitter characters you have come it would take a massive tweet to tweet out so much in Janet Yellens speech today. When you look at the citations, the charts, 20,000 pages. I think she had one message, the fed is going to hike again, even if inflation is below target. Yvonne pretty much. I wonder what the president thinks about that twitter development. But then again, you mentioned about janet yellen. She is onopart a twopart mission, normalizing the Balance Sheet. We saw the market move on this, futures up to 70 for december. Kathleen lets look at what the stock market it, rather muted, but everyone digesting what janet yellen said. You have the dow closed flat. 22,284. 0. 2 of500 gained about a point. The nasdaq up nine points to 6,380. Yvonne big movers were in the bond market, yields heading higher and the dollar. Lets see how things are faring in new zealand. Just getting underway in the last hour two hours,
That’s the view of some fund managers and strategists from JPMorgan Chase & Co. to UBS Group AG and Morgan Stanley, who now prefer fixed-income instruments to equities.