Financial markets or is there more serious volatility to come. That is what many all right being after a crazy start to the week for Financial Markets all over the world. The global rout began on monday with heavy losses on wall street. That came through to asia on tuesday. Lets have a look at how things are going in the middle of the week. Japan is a buy at and similar in hong kong following a recovery in the United States on tuesday. However, it began in and a volatile way on tuesday with the dow dropping by another 500 points at the beginning of the trading session, and then recovering as investors came in and purchased shares that started to look cheap. This time yesterday we were looking at the dow being over down over 1100 close and the nikolayev was down nearly 7 . The japanese market was down nearly 7 . Rico hizonjoins us from our Asia Business hub in singapore. Traders are still on edge can ta ke traders are still on edge can take a breath now. The moods of investors have shif
The New York Stock Exchange in two years stoked by Inflation Fears the equity slump carried over the weekend and spread around the world on monday hitting both asia and europe. And the quarter is on wall street for us. What exactly went wrong triggering this selloff. Thats what people are still trying to figure out point lost five hundred points within two minutes that is certainly not your usual trading session was a. So automated trading that kind of really put the pressure on nobody really knows at this point but the overall picture is that we see a big change in the bond market we see it yields increasing and if you look at corporations they finance themselves through the credit markets they certainly did so in the past couple of years and now with rates that was yields increasing debt becomes more expensive and there is some rebalancing going on so thats also going to be the Big Questions will bond prices and also raids stabilize at this point or not so this is a broad selloff who
Highway 84, the dunbarton bridge below 30 Miles Per Hour. Tracking a couple of problems over along the westbound 580 through the altamont pass, delays as you head out of livermore into or excuse me, into livermore on over to the dublin pleasanton interchange there. And the bay bridge toll plaza, it is stocked up. That is a check of your traffic. Get a check on the forecast. Roberta, how long can we expect the windy conditions . All day today. Its going to be a pretty brisk day throughout the day, especially in the Late Afternoon hours, morning, everyone. We can take a look at the flag on the fly at the top of pier 9, you can see it wavering gently as we take a look at the clouds and low fog stacked up along the rim of the bay. Other than that, clarity. Clear skies out towards mount vaca, the official sunrise 5 59. It will set at 8 12. We dip to 41 degrees in santa rosa, then when you toss in a wind currently, 10 at sfo, 14 in oakland, back through emeryville, 9 currently in the antioch
Fallen sharply after fears that the conservatives might not get the majority in the general election that many are thinking may happen. Hi Claire Castle may be better known as the Filming Location for down to gnabry but its also home to europes most successful horse racing ownership company. Well get the inside track with harry herbert. And its been revealed the Bank Of Englands staff have been studying dr seuss to brush up on Communication Skills because he has been described as a master of using simple language. With like to know what business language you think would benefit from the dr seuss treatment. We promise no jargon here on Business Live. India has retained its crown as the Fastest Growing major economy in the world. Economists are predicting Indian Economy grew by 7. 1 , thats in the first three months of this year. But would be faster than china which is currently at 6. 9 . The resilience of the Indian Economy will be welcome news for Prime Minister Narendra Modi following
Julie it has been a confusing day. What is interesting is that when cameupreme Court Decision down, stocks have been considerably higher before that. They took a hit then and they never have recovered to those prior levels, when out of the gate this morning all three major averages were up by 4 10 of 1 . Its unclear if thats a direct link, but certainly the timing lines up as to when we saw the downside in stocks. Is lagging today, specifically so my conductors are doing poorly. The cuddly couple of things going on here. That coin is actually trading lower right 12 . Core is aat ever Technical Analyst there and says he expects the Semi Conductor index to pass 1000 and that we are us were seeing symmetry with that coin and textbook signs of a reversal in the group. Theres talk of china being her hurting the demand. I was curious about the technical symmetry he highlighted. Take a look at this, kevin kelly helped me to bring this chart. These stocks are in blue, the bottom is the correla