Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is time to buy into these markets. We will see how it plays out. In the meantime, lets get to first word news with courtney collins. Bhp says litigation continues disaster, butg warns insurance will not cover the extent of its liabilities. Andrew mackenzie told investors investigations in the incident that killed people in brazil. There is a degree of urgency in withdrawing from u. S. Shale, and he
A 30 discount. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Here markets in hong kong have gone into the lunch break. Have a look at the broader picture across the asiapacific. This gives you a simple look at how asia is doing. More red than green. India has just opened up. Southeast asia feeling more of the pan. Malaysia and singapore leading declines. There is not a lot of conviction to the upside here. Yousef some other assets showing downside pressure. Brent crude extended declines. U. S. Crude inventories probably shrank for a second week according to a bloomberg survey. Gold, flirting heavily with 1300 an ounce. U. S. Tenure paper, choppy trade, the curve steepening and dollarlira there. U. S. Equity futures showing a decline. We have been in the sideways grind for some time. Lets check in on the first word headlines. Japan has raised its alert level after getting indications north korea may be planning a new missile tests. Kyoto news has said ra
The s p also down. 1 . All oil at session highs, energies leading the gains. The nasdaq is down. 4 . At the lowest level in more than a week. Take a look at some of the currency trades happening. Major markets are still shot, so we are seeing some position adjustments. Not much moves in the dollar, after two weeks of decline. Some growing optimism about the strength of the u. S. Economy after that tax bill. The japanese yen strengthening a little bit but around that sixweek low against the dollar. The boj cap its loose Monetary Policy stance last week. When it comes to treasury yields, 2. 46. The 2 10 spread is now there are for a fourth straight session. That is a look at the market. President donald trump signing the gop tax overhaul bill last week. Congress also signing a budget deal to avoid a shutdown before going on its holiday recess. So what is next on the agenda, what could it mean for the markets . Joining us to discuss from los kumar strategies and founder, komal srikumar. T
Smaller amount. Fed volume at a low today. We should mention the nasdaq, we are seeing tech sector drag things down led by apple. A number of analysts have been out, with low project deshler projections for the iphone x, citing lack western demand. Analysts seeing a 22 drop from the prior estimate. Apple falling today, it is having an impact on apple suppliers. Down by 4. 4 . It actually gets 40 of revenues from apple, which could be the reason it is having a tough day today. We look at retail where things are looking a lot greener today. Out saying the Holiday Shopping season better than it is dated, better than i event in a number of years. Likely to be the best since 2011. Analysts have a strong sales momentum. Really moving on this closeup of over 6 . Perhaps they saw the little wood under the Christmas Tree yesterday. Look at g btv 7362. I want you to look at volatility. This chart shows we are set to see the lows devil to influence everyone to of 2017. Back to you. Joe thank you.
President trump. The irs said, not so fast. Local governments may have to respond to millions of dollars. Laura davison. What did the irs say yesterday . If you want to prepay your taxes and get the deduction on a, the county has to assess them and you have to pay them before 2018. To prepay their taxes between christmas and new years. This deduction because you havent gotten the assessment. Those people. I saw that notice and talked to my accountant. In yonkers, they will not get those bills out. They are busy. They cant write all these bills and send them out. I cant pay it. It will create a ton of confusion just depending on where you live. A lot of people trying to get it done before the new year are stuck here thinking, shoot, i dont know what to do. David there was a bloomberg story out today about the International Last fact. They are getting, perhaps, a nasty surprise here about how this works. How does that work . It is a minimum tax for companies that operate overseas. The in