Both of which have done better than the underlying metal. We are an hour from the close of trading today and the month of february. Lets head to the markets desk were julie hyman have the latest as stocks turn around and come down. Julie they have indeed turned and fairly substantially lower. All major averages are losing about as much as they were getting out of the gate this morning. They continue to fall on lower than average volume. Turner, we saw stocks higher as oil turned more substantially higher. It does not seem as though they are tracking with each other. So thehave turned lower correlation is not in effect at the moment. Oil is having a strong month for the month of february. Dot as we have seen stocks the same. Oil is up a half percent and it looks like it will end up outpacing what we have seen for the stock market. Matt it is not really the commodity focused today. No, you could argue gold has been a more interesting story, a breaking of the longer term trend. We can deb
Presents the budget. We are live in a mumbai. We are live in mumbai. Good morning, hans. I think greece is back on the agenda, or should be back on the markets agenda. Hans it is the entire european union. There is a sense that Angela Merkel is living this suspended disbelief. A little bit of this came through in the public broadcast she did last night. President was released from prison after the tax evasion. Two big stories dominating a german headlines this morning. Guy the pboc did not step up. We have a lot of data this week. Plus, we have payroll numbers. So, we are 30 minutes away from the market open. About the future. Lets talk about the future. Shanghai is down pretty hard. This is the wei function. Ares like european equities down by around 1 , hans. Hans yeah, that is really the story overnight. The disappointing reaction in asia to what the g20 did or did not do. We have the shanghai down, it looks like all most 3 . 1. 13llar yen is in that level. And then, we have got bre
Our stop story, markets under pressure. Theyre taking a lead from whats happening around the world and that is declines. The dow caught to open at 100 points low. 94 to be exact. S p by 10 points. Lots of red overnight. China devalued its currency for a fifth day in a row. A lot of folks pointing to that, the shanghai composite down 2. 8 in shenzhen. And another index over there, Even Stronger down 5 . Hang seng in hong kong down 1. 3 . And nikkei down a percent. Lets show you whats happened in europe, beginning the trading week on a lower note, with the dax in germany down more than 1 . Its sort of a risk opt day. Buying the yen and selling stocks around the world. Lets dive into the asian market. Sri jegarajah joins us from singapore. Good to see you. The Chinese Markets once again in the cross hairs of the selling pressure. Shanghai composite. A couple of factors pressuring stocks. Nothing concrete drawing a line under the Global Economic slowdown from the g of the 20 in shanghai. W
One of the most admired and successful investors remains optimistic over americas future. This countrys productivity and magic remains alive and well. He talked about business at berkshire and his time at ibm and defended his relationship with private equity firm 3g. This morning in an interview with cnbc he made his optimism on the stock market clear. Theres never been a time in my life, i know what market will do over a long period of time. They will go up. In terms of whats going to happen in day or a week or month or year even, i never felt i knew and i never felt it was important. I will say that in 10 or 20 or 30 years, i think stocks will be a lot higher than now. If you own a piece of it, if you dont beat yourself, the only person that can cause you to get a bad result in stocks is yourself. Susie, special correspondent at fortune follows mr. Buffet closely and joins us now High Pressure his optimism not only for the economy but for the stock market is always very strong, unwav
It is extremely mixed in the markets right now. Think together for you. About a fifth up of 1 . Irving else is on the way up. Want to Everything Else is on the way up. I will get you gold prices in just a moment. Seven out of the eight biggest in asia, i wont go through each one. As you can expect a big goldmining. Now closer to 12, in fact let me get you that update. 12. 46. Hit two or three weeks ago. That is the high so far for gold. I wont say there is a lot of fear in the markets right now but there is still money flowing into gold and etf. Lots of bits and pieces today. We heard from china, of course. A lot moving parts of the moment. Chinas manufacturing coming under increasing pressure. None of it was particularly good, and there were some analysts who were fairly optimistic, expecting upside risk even we saw that huge wrap up. We did expect to see a little bit of that trickling through in terms of new credit being extended. Was 49 did in fact get for that manufacturing. That w