Month amid tighter capital controls. Stronger chinese currency and resilient economic growth. Betty looks like were starting the second week in january on a pretty strong note after the jobs report on friday. Great story on the bloomberg talking about the early days in january, how that might indicate markets later in the year, about two thirds of the time the first few days in january are usually deposited pretty positive in the u. S. Market. In 1987, we had the strongest january start to the markets, and you know what happened in 1987. Dark days. I dont know if that is any indication. Yvonne and its a big week when it comes to data from the jobs report, which was a bit of a dud. Inflation seems to be the new jobs report that all of the bond markets and traders are looking at. If we do see this pickup in inflation, what is that going to mean for equity markets . Will we continue the goldilocks scenario as we have been talking about for 2017, that will be key. Betty that goldilocks sce
Fed vice chair. Richard clarida is out of the running. Betty we are watching for the fed news. We continue to watch the gains in the equity markets. I want to pull up a chart that basically everyone can go home, right . What i mean by that is that already with the record rise we have seen in the s p, a lot of these yearend targets are already being blown out of hsbc, Morgan Stanley, bank of america. Already being reached. Everyone can go home, they have made their money, right . [laughter] yvonne i guess so. It was interesting in that it has been four days but it really feels like 40 days in how much we have gained in the last couple of days in 2018. Big question is will we see a revision higher from analyst or are things good as it is or are there for the risks ahead . Betty that might have been what hung over the markets today. Lets pull of the boards on where we end up for u. S. Trades. A mixed trade. The markets trying to eek out. The s p by 2 10 of 1 . The dow essentially falling
Beijing may finally be winning its war on smog. Plenty more on those stories over the next couple of hours. Calendar today is trade numbers out of china for the month of december appeared rounding out has been a year of significant recovery when it comes to chinese exports in particular. 5643. After the declines over the past couple of years we do see two years of decline followed by that recovery. We are looking at december, a 10 year on year rise when it comes to exports coming in dollar terms. Thats a little moderation from novembers 12. 3 rise. Imports looking to pick up significantly. The brighter spots in that. Continuing to paint a picture of synchronized global recovery. Such a stronghad base to come off of in 2017 we might be struggling to hit doubledigit numbers in 2018 for exports. Certainly there is also the cloud of trade tensions between the u. S. And china lurking ever in the background. We are 30 minutes away from the opening china and hong kong. Sophie, we were thinkin
Im haidi lun. This is daybreak australia. We are one hour out from the open of asias major markets. It is 5 p. M. In new york. Im betty liu. It was a holiday today on wall street commemorating Martin Luther king it is 5 p. M. In new. Jr. So there were no equity bond trading at all. The dollar continues to trade in the Foreign Exchangethe dollar n the Foreign Exchange market. That is really what has dominated the trade today. We saw the dollar continue that slide coming off a five week decline. Talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as Central Banks are pulling back on stimulus all around the world. We are seeing a rise in many of these currencies. Haidi absolutely. Case in point, the extended gains we are seeing in the euro. As you say with the u. S. Markets closed, it was the weaker european close we saw that will lead things off in asia. Tepide seen more of a session setting up in asia. New zealand is trading underway
Up in time for the lunar new year. We are live with ceo brenda lee. Looking at the markets, another bit of surprise here. It markets up across the board, led by materials and information technology. With that said, there is still a lot of caution out there. G btv 7589. The white line is the spx in terms of net positioning and you can see that falling. This is just a flip. A reversal with the vix futures spiking higher. Volatility and bullishness surging to the highest level. We will see what happens in the asiapacific trading session though, to see what happens in terms of any possible positivity. Yvonne it has been quite remarkable, this turnaround we have seen and yet, we are seeing some of the speculators, sellers of volatility turning back the market. Expect this kind of shock already. It will certainly be ahead of inflation numbers. Raimi lets take a closer look at the signs of recovery. Gains came back on january 26 and the nasdaq is now positive for the year. The best twoday adv