Switch up the board. Japanese stocks higher, dollaryen higher for the seventh straight day. A stronger dollar, the theme across the fx market with the euro weaker once again weaker, marginally. Back to the low, 40 bucks a barrel. Vonnie it is one of the reasons why the dollar has been strengthening. Jon last week i got excited because the rate count we start rolling over and crude went with it. Here is your first word news. Syrian forces have scored an important victory over islamic state, taking over the ancient city of palmyra. Stateshows islamic destroyed many of palmyras statures and monuments. In pakistan, an offshoot of the isiban says it responsible for a deadly bombing, that killed 72 people and wounded more than 300. Many were christians celebrating easter. It is the worst attack in pakistan since the massacre in 2014. Bernie sanders wants to debate Hillary Clinton on her own turf. Sanders is calling for a debate in new york before the state holds a crucial primary april 19. H
Lets check in on markets in asia this morning. U. S. Ose of you in the wrapup your thanksgiving meal. Equities up. 1 . Seeie dollar continues to weakness after australian capex fell by the most on record. To new zealand we go. This is the view from there. Spotew Zealand Dollar weakening at 65 u. S. Cents. Lets head over to japan. This is the view yesterday on light volume ahead of that thanksgiving holiday. And were in thick of that. Nikkei futures pointed to a higher open. Dollaryen is slightly weaker. But we begin today with an unexpected rally for commodities as metals surged on speculation china may step up its support. Jumping commodities led to gains around the world. So, is at a rally with legs . Is here now with what chinas possible intervention and how this can impact the markets today . We understand domestic players will be meeting today amid this record slump we have seen. Ee biggest drop in the l metals index. We saw metals rising from europe to canada. We saw copper up as
The sessionk at highs. S p 500 of by nearly 1 . Dow up by. 8 . Nasdaq by. 7 . We are digesting the news on betterthanexpected u. S. Consumer sentiment. As well as the expected surprise drawdown in the u. S. Oil inventories on the order of about 5. 9 Million Barrels last week. With all of this, lets look at the s p year to date. Take a look at this. S puld like to have the year to date, if you can possibly get that up. Up 1 on the intraday. I want to bring the year to date because we are. 1 away from flipping into the green. It will be four years in a row of gains. 1 away from the positive december. If we do see that maybe we will see this rally. Dox so much of that had to with the surprise drawdown in u. S. Oil inventories. We have seen oil and stocks someone moved together, Energy Stocks taking off. Ramy definitely in tandem. Lets look at the nymex crude. The biggest jump in the past two days. 30 day of gains in a row. Up by 3. 7 . We saw the highest spike earlier when the number came
Global economy. The rubeell steadied after his comments where he said this weeks emergency rise in Interest Rates is appropriate, but not going to spend all of their money on it. Is a merger coming between two of europes largest Networking Companies . A newspaper said there are talks to combine with nokia. It is flush with cash after selling the mobal phone business for 7 billion. Oracle, shares rose and the company saw a 4 gain. Oracle is making transition to the cloud with revenue from the Cloud Business up 45 from a year ago. And amazon has launched a new onehour Delivery Service available in certain areas of manhattan only, but amazon plans expansion soon and called prime now and deliver products to customers in less than one hour. Now to the lead, the u. S. Will officially blame north korea for the massive cyber attack against Sony Pictures entertainment. A person with knowledge of the investigation said u. S. Officials have enough evidence to determine that the north korean gover
Week spectacular change of policy. Good morning, everybody. Welcome to the pulse and welcome to davos. We are live from the World Economic forum right here in switzerland. And it is i would like to say it is warming up. You are an optimist. We have a lot of ceos here. They see some positive things. They see the oil price having an impact. They see easy money continuing for longer. They are focused on what is happening with the ecb. I think oil is the real standout story. For me, it is indecision. Last year, the participants seemed to have a better handle on the situation. Here, they are more lax. There is a lot of uncertainty. The same for keeley. They cant figure out the impact. The pace is what is confusing them at the moment. The oil price has come down so fast. The swiss franc went up so fast. That is what freaks them out. There are a few black swans flying over davos. It is going to be interesting to get a take on that. South africas Central Bank Governor is going to be joining us