Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 2018. In the United States, the worst storm of the winter season has knocked out power to thousands of homes and bu
Well give you a check of the picture in a moment. There you go shanghai up 0. 50 . Trading under way there for a number of hours. The dax is up approximately only over in france, the picture, negative at this hour. Treasury yields much in focus this week. 2. 60 on the current year and above that level at 2. 65 that is the one to watch were certainly watching that. 2. 60. You can round that up to 2. 7 right now. You can round that up to 3 a lot of people say thats the next stop. The question is at what point does that put more pressure on equities and minds of investors as the rates are going or the bitcoin, to lose money on bonds, i got to get into the stock market except, well see what happens from the equity market from there quite frankly, every piece of low rates have been great for the equity markets apparently rates going higher are great for the equity markets. Thats the dogma right now what point do you get, as ive sort of been saying the full capitulation of Bond Investors whe
The cornerstone of this years agenda. Im haidi lun. This is daybreak australia. Past 5 00 injust new york. It is just past 5 00 in new york. We had a super selloff of stocks and bonds. This, midst of all of janet yellen given us a very goodbye. Nt poignant i get a little choked up when i think about her leaving. Just to be the numbers quickly. If you rounded off, it was a doubles market. About 60 points. About 145 saying point come nearly 2 as well. They were spooked by the bond market. This sudden realization that the fed is probably going to be on track for at least three rate hikes this year. On friday. Ime, what does this mean for asian market after this big selloff . Haidi the question is whether this is temporary. You keep buying on these opportunities. Is it in and action point an Inflection Point . All 11 sectors retreating. U. S. Dollars during seeing its best week in 2018, after what has been a bad news story. The kiwi dollar at 7291. U. S. Dollar about 9 10 of 1 . Continuing
Yield he 10 year 2. 93 on the 10 year yield. Pivotrt of the morning to of the weaker dollar has to be dollaryen continuing its move below of critical support levels. Nonetheless, the question of the stronger yen, is it a safe haven play . Is it the hedging . A lot of question marks to what its doing. Companies arent so fine with it. It does not do well for equities. Taylor riggs is here with first word news. Taylor in south florida, a 19yearold former student has been charged with 17 counts of premeditated murder after the Deadliest School shooting in the u. S. In five years. Cruz open nikolas fire with a semiautomatic weapon. He had been kicked out of the school last year. 15 wounded survivors have been hospitalized. President trump plans to meet with mexicos president in the coming weeks. Relations between the countries are strained. President trump as insisted that mexico pay for the wall on the border. He has demanded mexico agree to changes in the north American Free trade agreeme
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte