The strategy update. Is he going to have issues . Will he have to sell the crown jewels . The market is looking for answers, and we will put those questions to him. Lets get you up to speed with Caroline Hyde. Caroline thank you. Brent oil has advanced about 35 per barrel amid speculation that some of the worlds biggest crude producers will cooperate to reduce output. Bloomberg still says saudi arabias oil minister plans to be with his russian counterpart later today to discuss the oil market. Venezuela may also attend. The era of easy gains the japanese stock market fueled by abenomics is over, according to one management company. It says that as markets become more volatile, people will pull their money. Goldman sachs Asset Management says the worst of the credit market selloff is probably over. It is now waiting for a sign that the situation has stabilized so it can plow cash back into u. S. Junk bonds. Goldman says that once sentiment becomes less negative, the magnetism of yields
The session are end the trading week. We saw the stocks open higher but they are struggling at this hour. The averages are holding on to small gains for the week. The dow and the s p up three of the last four. Utilities are leading and financials and texts are lower. The old adage is sell in may and go. It doesnt appear to be working this time around. We are halfway through. Stocks hitting new highs. The dow and nasdaq up 2 and the s p up 1. 5 and closing at record highs. What could stop it . Dominic takes a closer look. All of the talk is about whats happening. We are a stones throw away from record highs. You look at the chart and see why the bulls and bears are having a healthy debate. The up trend we are seeing is running into a bit of resistance this year to date. We talked to the experts and the strategists on wall street and we wanted to see what they had to say about what could derail this rally. Weakness in profit could derail things. We managed to see a gain all be it small t
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