Talking about raising rates, minneapolis president tells bloomberg there is no need to rush another rate rise. Continue to call for 23 hikes this year. They all speak late in the day. Manus less than half an hour away from the cash trade. Very interesting turnaround weve seen this morning. Yesterday the equity down across the board with the exception of the ftse and the u. S. Looking at red arrows. Today we are looking at futures that were read a half hour ago. After so many issues came up yesterday, brexit, greece, the French Elections, i lost to talk lot to talk about. Is theat we are watching euro well bid on the back of what we saw last night and france. We are looking at a oneweek handle. We are trading at the moment. To bid. Certainly i just want to mention what is going on right now. With iron ore. Look at what is happening. Iron or getting back in local that as well. Quite a run and and adjusting trade. Enough chart that shows what is happening with iron ore. The aussie is lack
Well. Crude Oil Yesterday you saw wti back up 50 dollars for the First Time Since october. Now you see wti is down close to 1 . 49. 04. Couple big stories. The news just breaking in the last half hour. Eight auto makers issuing 12 million rerecalls. And more recalls are expected to be announced in the coming days. That is one of those stories that just continues. Also g7 leaders issues a warning overnight. Saying a british vote to leave the eu would seriously threaten the world economy. In a statement the leader said a brexit would reverse the trend towards greater global trend and investment and the ensuing job creation. And that back and forth between paypal founder peter thiele and gawker ceo nick denton continuing last night with denton writing an open letter. Thiele launched a decade Long Campaign against gawker after the blog outed the founder as gay. Denton called thiele thin skinned and challenged him to a role about the denton has begun solicits bids for the sale of gawker. Lo
Saying moscow was reckless in its actions. Literally losing the shirts off their backs. Theyre forced to flee a meeting with workers that turned violent as the airline details its job cutting plans. What a day it was for u. S. Markets yesterday. Youve seen a percentage of advantages up 200 . Meantime the s p also saw its 5th best day of the year and the nasdaq is out of correction territory. You see regaining all of their september losses that we saw being lead down by the concerns over in china and the sectors that saw the biggest declines were financials, energies and telecoms. Now were seeing big gains. Up from fridays session lows and when you check in on the s p itself, posting its first five day winning streak of this year, 2015 and its fifth best session of 2015 as well this year. Meantime s p slashed its Credit Rating and outlook for 14 oil and gas firms. It includes bp which had its outlook cut to negative. Lets look at the price action. All losing three quarters of 1 . The Ra
Hi, everybody. Glancing at the u. S. Futures we have a couple of hours to go but were being called delicately higher across the board. Dow jones by 85 points at the moment. When looking here in europe today were seeing slightly lower markets across the board. You have it right there. The ftse 100 lower by a quarter of a percentage point. Xetra dax off by a tad. The cac and ftse mib lower this morning. The euro dollar was interesting yesterday. Right after we had that ecb announcement we didnt see Much Movement and we were in the region of 105106 which is where we have been for awhile now and then suddenly overnight we saw this massive drop in the euro dollar. Currently at 108, a rise in the euro dollar. Were currently lower but on the weekly picture to the upside by 3 . He justified his actions despite decent from some board members. Were doing more because it works. Not because it fails. We want to consolidate something thats been a success. Yeah. We will be speaking to vito Vitor Con
Welcome to countdown. A warm welcome to you. Its just gone 6 00 a. M. Tech. Ng news in partneringsoundcloud and we will speak to some of the key people in this deal. Lets get back to some breaking news. We are hearing back from the forecastaising their from ¥1. 7 trillion to 2 trillion yen. It means this would be a prophet record they are now forecasting. This is the highest profit they would have ever made if they do manage to deliver on the oflyear net income forecast 2 trillion yen. An upgrade to the fullyear income forecast. We have the first half 2014 net but theoming in headline, raising the fullyear benefitorecast possibly from the weakness in the japanese currency. N joins us from hong kong to put some of these numbers in respective. Better than expected results. The positive results coming out of toyota because of cost cuts, because of a weaker yen, because of price increases. Especially with bank of japan easing monetary policy. The yen has dropped to seven months a sevenyea