Hour look at these large megacap Communication Services and tech stocks for where Shopping List items might be for any buys on the dips with that well send things out to see j man thats going to be a harder objective to achieve, if anything a stronger dollar will become a bigger pain for multinationals sectors like technology, industrials and Consumer Staples that derive in some cases 40 to 50 of their sales overseas. If the dollar continues to strengthen it will make American Products less attractive to customers outside the u. S. , especially in emerging markets where the consumer tends to be more price sensitive it also impacts profitability for these companies when they convert foreign sales back to dollars. Now, a handful of companies in the Consumer Staples space that make everything from shampoo to cereal have outperformed the Broader Market because of the dividend yield they offer. Kimberlyclark with a yield of 3 , General Mills at 3. 6 , but with Central Banks around the world
The drumbeats loader for rate cuts. Southeast asian leaders walking a fine line in the simmering trade war. We will bring you more from the meeting in bangkok and more with the Prime Minister of malaysia. Looking at how markets closed, it was a turbulent session not only because we saw the iranu. S. Tensions escalate but because futures and options expired on the same day on quadruple witching day. So at one point it was an intraday record high but then we thought ending. 1 down lower. Led by real estate firms. The dow falling. 1 as well after touching a high we have not seen since october. We had Energy Stocks gaining ground, the biggest on the s p 500 as we saw wti gain 10 last week on middle east tensions. At. Futures not doing much the moment. Lets see how we are shaping up. Sophie on friday asian stocks faltered but the benchmark managed to pull through with the best week of gains since january and this monday we have a lackluster start ahead for asian shares, kiwi under pressure.
Current Monetary Policy is too tight. A few months of good data is only the beginning of what it will take to build confidence that we are moving to our goal. U. S. President biden calls on congress to pass a fresh Security Package for ukraine and israel worth 100 billion. Saying america holds the world together. Put all that at risk if we walk away from ukraine and turn our backs on israel. Its just not worth it. Uk retail sales slide in september after they struggle with the Consumer Confidence. Andrew bailey expects to see inflation pull back, but warns the tight labor market is a key concern. Warm welcome to street si signs. Lets get straight to markets. We have bounced off the lows and we saw 20 minutes ago where the stoxx 600 hit a sevenmonth low. Several off 1 in the early hours of trade. We are 1 lower for the majority of boards. Ftse 100 out performing and holding up being down 0. 4 . This has been a global fee non man in. You we have the hang seng down. 80 . Similar in the sh
It has been a rough quarter for the hang seng index down 8 in that period. Property slumping about 13 in the same period. A long way to go. In terms of new zealand, up 0. 7 . Singapore as well as indonesia. China on holiday. In the fx space the dollar down for a second day but bear in mind it is still a strong dollar story. For today, up 0. 4 in the ringgit. Gains for the kiwi as well as the aussie. The commodity space, oil still hovering strongly above 90 a barrel, putting the inflation story back in play and in the bond market, well, we have yields trending higher in australia and japan as well as singapore. 30 year yield in japan at the highest level since 2009. Expectations normalization is about to take place. Rishaad lets look at china, just getting the open their. Having a look at whats happening. Trade data out later today in the afternoon. Just about a one point gain. 0. 1 . The bart a little moved. If you look at the course of september it is down 4. 5 . We are also looking f
Manus europe rallied. You are welcome. It is surveillance and i am manus cranny. Rallied. Ment, europe where up on the stoxx 600. It was text and telecoms that to the heavy lifting, nothing compared to your performance in asia. Record highs in asia. You are looking at levels that you havent seen since the 1990s in japan. Technology up 50 in asia. Europe, you are seeing this growth story. It is absolutely intact. The next question are you, European Equity markets, can you sustain the growth gains that we have had the euro at around 120 . Could the euro valuation unseat the story we see here . Week,llar index, what a what a year. This is the first yearly loss since 2012 for the dollar. You are seeing another push low. You get a 3 growth rate, you get a tax reform deal, you get three hikes from the Federal Reserve and still the dollar is lower. 2 lower from here at end of 2018. The most bearish view is the dollar will be down by another 5. 5 , not everybody is so pessimistic. On the upsid