Oil is lower. It is recovering as well. Banks seeing even steeper losses today. Raises the question of whether the rally for stocks is over for good. Whether this market is really on the verge of some serious trouble. Pete, is it . Is it in serious trouble . I dont know that its in serious trouble but will it trade lower . It absolutely is going lower. And when you look at this rally and we have been talking about this for days now. The rally is encompassed by materials, energy, a few other names here and there but financials have been lagging on these up days and on the down days they have been almost in the leadership role so we have to see the financials show any kind of stability. We havent seen that. 1810 was the low in february. Are we going back there or even lower than that, doc . No i dont think we are. The reason is i think its a reaction to the exit, the potential exit by Great Britain out of the european union. I think that is why, that 3. 6 move that youve seen out of the
Rhetoric as he faces voters and facesant, saying voters in wisconsin, saying mexico must pay for the wall. Follow me on twitter rishaadtv, and use trendingbusiness. We have gains and losses in early tree trade. The shanghai open at the bottom of the hour. Heres a look at the boards. Session. Le choppy taiwan playing catchup, down 8 10 of 1 . Singapore and malaysia are also seeing losses. There had been a pickup in the kospi. Japan had a positive start, but now being sold off once again. Adding to that 2. 5 loss yesterday. Pretty flat in australia. The new Zealand Market down by 2 10 of 1 . We will be watching china at the bottom of the hour. It outperform the region yesterday. We saw that big rebound in the crude price, lifting the Energy Players and sydney. Oil surge up by almost 4 . Takata dropping in tokyo, down almost 7 . Int stock has lost 10 april. Lets have a look at the strong yen. It did breached that 110 during new york trade. At the above that moment, a slight gain their aga
Muted action and stocks are on track for the third positive week. First time since the fall. First up this morning in about half an hour, former gop president ial nominee mitt romney will give a speech urging voters to reject donald trump. Excerpts are leaking and he says trump is a phony, a fraud, hes playing the American Public for suckers. He gets a free ride to the white house and all we get is a lousy hat. You were early and going to iowa and reminding people that he had staying power. This was awhile ago. Very compelling. Thats been proven true. Does this matter . This whole thing matters. If this didnt have such an impact on the future of the country and the world it would be the most entertaining reality show in history. Its unbelievable whats happening to the r Republican Party. They have only themselves to blame by saying no to everything for years. We live in democracy you dont get everything you want and if you say no to everything you dont get anything you want so people a
2 target. Ff the go here tog way to still more room for stimulus. This is why we are seeing the euro down against the dollar. 1. 06. Parityll reach below come next year. Meanwhile, we have on the flipside the dollar creeping up. We are coming off of the highs. Anticipation well see janet yellen add to raining back the stimulus. Inwill see a rate hike come december. We get the first speech coming from janet yellen today. Will she stick to her more hawkish tones . Oil down by. 1 . 44. 99. Trading it that is brent. That is as we anticipate the vienna meeting. Oil ministers gather to decide whether where theyre going to put oil production. They decided if they would go for oil share rather than prices. Lets have a look at some of the stocks to watch. Ive got apple trading flat. You ot ad court for accor for you. They are remaining up on the news. Company. Is a german it is about payments processing. Looking rosy. Many anticipating more earnings upgrades. We go up 6 on the upside, cash. By