And south korea offers talks with the north a day after the north Korean Leader, kim jongun says he is open to dialogue with seoul, despite telling the u. S. That the Nuclear Button is always on his desk good morning, everyone it is the first trading day of the year i want to alert your attention we have the final manufacturing pmi numbers for the eurozone they came out at 60. 6, in line with the flash this is the strongest pace of expansion in the Manufacturing Sector since the series began in june 199 7 thats two standard deviations above the long run average extremely strong numbers out of europe bringing in our first guest, i have Derek Halpenny on the phone with us. It appears as though europe is off to a great start, in line with the momentum we saw in december i also want to point out that Euro Currency is up through 1. 20, and it appears the currency has lagged this morning. What have you pencilled in for the currency from here we think that the euro can gain further, but 2018
This time in chad. It follows allegations against some of oxfams workers in haiti in 2011. More allegations have emerged from chad and the charity says it is shocked and dismayed. After haiti, now new allegations about the behaviour of some oxfam workers in chad in central africa. They date back to 2006 and also involved prostitutes. The head of mission in chad at the time was the same man who resigned from 0xfam five years later because of the scandal in haiti. 0xfam said it was shocked and dismayed about the latest revelations from chad. It said it can corroborate the information but highlighted Unacceptable Behaviour by a small number of people. The British International those funds will be withdrawn unless they can prove they are cooperating fully on safeguarding issues. She called the behaviour by some 0xfa m she called the behaviour by some 0xfam workers in haiti horrific and said it wasjust 0xfam workers in haiti horrific and said it was just one example of a wider issue on whic
Government bond is attractive compared to risk in stocks right now. 283 on the tenure. Three, another problem is the internal workings of the market exotic product, robot trading up a pushing stocks to rapgd sell ising . As of now the dow is down 6. 5 so poor this week. With will open higher. Do not know how we will close or where well close. But back drop this morning is another chaotic night in congress. But we now do have a budget for the next two years. Thats not necessarily great news for investors. But bottom line on this republican budget Government Spending goes way up and so does the deficit. Again, were hearing the words, debt bomb. Varney company is about to begin. It changes so rapgdly that were going to show you futures all over again. All right we were up 100 now were up 60 youve got to watch this. Literally moment to moment. Wall street is on course for its worst week in six years. It has been a really qield ride for stocks just this week. These are the swings in the dow
We take a look at their global ambition. This is Bloomberg Markets asia. Rishaad looking positive out there, just seeing whats going on. It does seem as though chinese equity markets could be in for a positive year. The first trading date for the chinese new year, its positive. It leads to a positive year to follow. Look out for that one. Haidi astrology might be as good as any other indicator, technical or otherwise, to engage sentiment. The dollar off to a good start. We are 30 minutes out from the market start. Not much of a lead from wall street, just finishing in positive territory for the benchmark there. But the selloff suggesting we are when it comes to sentiment on higher inflation. Singapore, taiwan, and malaysia just coming online. Asian stocks set to end the week on a positive note as investors debate the impact of rising bond yields and direction of inflation. Stephen mnuchin offering more comments. Did a highlight this morning was japans latest inflation reads. It posted
Production for ten years and access to nuclear fuel and equipment for 15 years. Iran has to approve to the International International Energy Agency that it met it under the terms of a deal. Take a look at whats happening with oil prices. Theyre down by about 2 . This is coming because irans oil is expected to be coming back to the market. Thats putting wti at 5118. Not everyone is happy about todays news. Officials are condemning the deal. Benjamin netanyahu says it gives iran a surepath to Nuclear Weapons. Here in the United States congress now has to approve the deal and its expected to be a tough sale with many lawmakers saying they date of birthont think its close enough. President obama will make a statement on iran from the white house. Thats coming up at 7 00 a. M. Eastern time and we will bring that to you live when it happens. Our chief washington correspondent joining us on set to talk about all of this. This is a deal thats a long time coming. Many people thought it would n