New york stock exchange, and Hillary Vaughn on capitol hill. Lets start with edward, investors seem to like what chair powell had to say. Reporter yeah, just somewhat, right . 29 or so points, somewhat like it lauren. The Federal Reserve chairmans touted this very Strong Economy that were in right now. Even at one point, signaled taking credit for keeping the expansion going through the rate cuts they made, powell said it was a difficult year where the fed reversed course. Weve cut rates three times since july. Thats 75 basis points worth of cuts and we do believe that Monetary Policy operates with long and variable lags and that itll take some time before the full effects of those actions are seen in the economy. So thatll take some time, so thats one reason to hold back and wait. Reporter and powell is watching inflation very closely, core pce inflation at 1. 3 over the past 12 months below their 2 target, powell does signal as you heard no more rate cuts or hikes, for next year. He
With beijing and washington talks. We are waiting for had for that. The hang seng raising some of the losses we have seen. Mckay up three quarters of 1 . Asx, which has had a rough time of it. Up 6 10 of 1 . A bad day for manila. David yesterday, we were down 1 that is standing on the screens. Rishaad lets have a look at some of the other asset classes. This is a position we have had. Nickel has had a torrid time should it has entered a bear market. 20 down since the beginning part of september. Prices may snap back next year if the conditions start to reemerge. A bit of a loose side of things that has driven things downward. Investors have continued to grapple with the uncertainty of trade. Lets have a look at what is going with the australian dollar. Just up a fraction at the moment. We had the commonwealth of australias pi numbers. Inwed manufacturing contractor he services. Picture,t the crude . 25 toks at 20 the barrel. The 10 year yield on the japanese bonds. The are yielding eig
Natasha going to. Baghdad. Still ahead on aljazeera go up into the remote mountains of central asia to see how wildlife is making a comeback such as these Snow Leopards. Hello its still remarkably wet in the South China Sea even a potential development of a tropical disturbance here on the coast of vietnam now this on the you would expect the main rain belt to me moving south and we certainly have seen some showers in java and there in the forecast but thats not where most of the race is still further north borneo thailand yet now indeed the philippines are all looking relatively wet and should have caused by the time to dry up showing no immediate signs of that this is choose dates even more concentrated around the coast of vietnam and through central and Southern Thailand and miramar is just a mass of green which is our way of forecasting that rain south of all this active weather at australia still and this is this cultural pair there always produced sandstorms of course on the way
The idea behind it, why are you going to fund Chinese Companies that wind up competing with u. S. Companies . That is potentially now on the table ahead of these trade talks. No doubt that is going to have an effect on the markets as we keep getting a lot of headlines creating difficulty with u. S. And china. 0. 8 , rightnow down around the lows of the session. Take a look at other Asset Classes. It is a move into safety. 106 on dollaryen. Yields in the u. S. Down by four basis points. It is a risk off day. Lots of tangential headlines are now setting the stage for contentious trade talks between the u. S. And china. Lets get right to it here. Its time for global exchange. We bring you todays market moving news from all around the world. Joining us from hong kong is enda curran, from london is emma chandra, from brussels is maria tadeo, and in denver, michael mckee. Lets kick it off over in asia. We begin with china, where the u. S. Has blacklisted eight Tech Companies on accusations o
3 today, and that is one of the most beatendown sectors in the entire world. Whenever it was, they liked the latest turn. Scarlet investors in u. S. Financials liked it even better. Energy at 3. 4 . Three sectors closing better than 3 on the week, materials, energy, and financials. I guess those were your rally stocks. Caroline good old fossil 2000, russell 2000, that, oo. What are you watching . This was a big week for the russell 2000, up percent on the week up 5 on the week. It is the exam performance and smallcap vs. Large since the president ial election. If you take a look at this chart, the ishares smallcap fund, it tracks the russell 2000. Investors have added 4 billion to this fund this month and it is the largest inflows since 2016. What investors say now is we will have to see continued outperformance were smallcap for this to true remarkable turnaround point. Abigail . Abigail perfect segue to the sport. This is the value etf, taking a look at the big inflows, the most in m