Gains. Markets and euros doing nothing, even with some german confidence numbers. In the bond market, treasury yields up by three basis points. A steeper yield curve in todays session, as wall street gets back to work. Lets get you some headlines outside the Business World. Hears taylor riggs. And russia have agreed on a former to extend Oil Production cuts, according to people involved. The agreement is set to extend cuts to the end of next year. Balkinglin has been anthonys foreign extension. The current deal doesnt expire until the end of march. The Holiday Shopping season is officially underway, some stores in the u. S. Got a jump on black friday sales. Brickandmortar chains are having positive optimism about their prospects. Theres a signal the former Trump National security adviser Michael Flynn may be in discussions some time with special counsel robert mueller. Lynns lawyers have quit sharing information with President Trumps legal team. The president fired flynn for allegedly
Former friends fallout badly. Steve bannon attacking his former boss. The president saying he lost his job and his money. His mind. Betty another day, another twitter fight, it seems. In the meantime, no fighting along the fed numbers members. We saw the minutes come out. Continueeve they will on this gradual rate increase. Now, the debate is how many times . Several of the members said two, maybe less. Others said at least four. That will be the crux of the debate around the fed in 2018. Yvonne what could be driving that is this continued debate on inflation. There is still uncertainty on why we are seeing not seeing higher inflation. Also, there wasnt a lot of concern about the flattening yield curve. Betty thats right. Here in the equity markets in the u. S. , continuing to rally forward and hitting records, as you can see here with the s p 500. The dow is adding on almost 100 points. Way,asdaq also leading the up almost 1 . The s p 500 navigating above the 2700 point level. Again,
Struggle. Is putting short sell in the mix. It is 7 00 a. M. , bright and early. It is 12 00 noon in hong kong. We look at markets this monday. We have seen better start to the week. Have a look at my bloomberg. Obviously japan is getting hit the most. We just talked about the yen pushing toward 110. Youre getting a lot of equity indices getting offered up. 1. 4 . The losses seem to be Getting Better if you could describe them that way. Have a look at the currency that is the market story today. Dollars off substantially. Randy was up. Up. Ingo is there also getting a selloff of commodity space over in china. The only one up over the 1256. Ity space, 1 up at let me wrap things up at a look at the bloomberg dollar index. 200 on the below dollar index. Does this give us a preview of things to come when it comes to the lawson momentum loss in the momentum . That is one element of the story in terms of reversal of gains. The other reversal we have seen in the oil markets. We were 20 up aft
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
Economy stuck on hold, inflation sliding, unemployment unchanged, but a slight uptick when it comes to business sentiment. Willsia airlines new ceo step up in the middle of a restructuring after the twin disasters of 2014. Do let us know what you think of our top stories. Follow me on twitter at that hashtagse trendingbusiness. Lets get straight over to steve for the latest. We are having a continuation shaped recovery in china. 50. 0 is the line between ,xpansion and contraction optimism and pessimism. It is still on the borderline. Month,50. 1 the previous so a tenuous recovery at best. Services outperforming expectations, nonmanufacturing pmi at 53. 7. The previous month was 53. 1. 53. 7 is a robust number for it has been the strength of this economy. Banking, telecoms, new technology, while the older economy, coal and steel production, traditionally manufacturing, they have been struggling. With this recovery, we have seen the sub indices show some weakness, especially on the jobs