The euro stocks. Gold not catching that much of a oilin the commodity rout in david at 8 00 a. M. Eastern time, european leaders begin a twoday summit in brussels. They will discuss security, defense, migration and jobs. At 8 30, we get data for jobless claims in the United States. Powell speaksme on fostering Economic Growth. Later today, the Federal Reserve releases the results of part one of its annual Bank Stress Test coul. Jon Prime Minister may is set to meet eu leaders in brussels for the First Time Since her disastrous election. Expected to outline how britain will treat eu citizens after it leaves the block. Walk us through the orchestrated theater of this particular summit. At this summit, they will be talking about a lot of issues that wont be the main focus. Security obviously is a huge issue for the eu. They are all waiting for theresa may to propose exactly how she plans to deal with eu citizens that live in the you can post march of 2019 the u. K. 2019. Rked of 20 march
This is daybreak asia. I am betty liu in new york, where it is just after 7 00 p. M. Charlie it is just after 7 00 a. M. In hong kong. It feels like summer. Quiet in the markets. We have the trade figures of china and the trade balance in japan. Betty those are the big numbers to watch. Big market moving event. In terms of here in the u. S. , it mergers of a focus on that may or may not happen and specifically a look at Berkshire Hathaway and what they may be eyeing out on the horizon. Oil Prices Energy prices in particular in focus. Despite the drag, the market still managed to get out the gain. We will go through that in a moment, but that is setting up for a slightly bullish tilt for you in asia. Yvonne let us look at how things are playing out here. Cpi figures out of the u. S. New zealand, we are seeing the stock with weakness. 7356. Wi, the traders are worried about the dollar edging up. The worst currency in the g10 space, ahead of the decision this week as well. We are seeing a
Company. Persimmon posts a 30 rise in the first half pretax profits, while saying the countrys Housing Market is confident despite brexit. U. S. President trump announces a a reverreversal in afghanistan, but declining to give troop levels in a prime time address we are bringing you some numbers coming in from the Norwegian Pension Fund annual report returning 202 norwegian billion norwegian kronena on investments in 2017 fixed Income Investment returned 1. 1 in 2017 Equity Investments returned 3. 4 in 2017. Obviously the fund there looking to reduce risk as it said recently after really putting in some sizable profits over the last year or so. Lets look at the European Markets. We have got across the sectors pretty significant amount of green on the board most of the European Market trading up, looking at the numbers specifically were up 0. 53 across europe. Ftse 100 up 0. 7 nearly three quarters. We have xetra dax up 0. 7 . Cac up a half percent. The ftse mib up 0. 6 in terms of some
November personal income unchanged, coming in with no change at all. The forecast change up. 3 or 1 , personal spending weaker than estimated, up to this. 1 ,. 3 of 1 was estimated. We look at the socalled pce, personal consumption expenditures, that is something the fed watches and that comes in with a yearoveryear change of 1. 4 on the core bases of 1. 6 . The federal reserves target is 2 . Something to keep an eye on. We also got the leading economic indicators, that also coming in unchanged. Brd got data earlier this with gdp at the point that percent and other numbers as well. Heavy Economic Data day, but is Anyone Around to traded, abigail . Action, not a lot of the dow and s p 500 and nasdaq in small declines. The volumes similar to yesterday. We arrived out of the gate and looks similar to yesterday. Low volume and not a lot of trading but we will be here to watch and see whether or not the averages can creep higher and we may see dow at 20,000, time will tell. We will happen t
From the close of equity trading here in europe, but the focus is still very much on the Oil Prices Brent going above 50 a barrel for the First Time Since october. Of course rallying as opec is said to have reached an agreement on an output cut. Crude oil dominating the market for the moment, up 7. 7 on brent crude. Picture,k at the dig russias indexes up and canada is up. 7 . If we look at the ftse 100, we are up point 5 . Space, thethe fx dollar is strong, up. 4 . We are seeing the. 8 percent. Up note the high correlation between the ruble and wti crude at the moment. Looking at what is happening in the bond market space, we see treasury yields move higher on the 10 year. Let me show you what is happening on the sector breakdown on european stocks. Up for a second day, on track for the first monthly gain in three and Energy Stocks are leading the gains. No surprise with the rally we see in oil. Materials closely following largely on Chemical Companies gaining with linda rallying toda