Turnaround the european operation. Morning. Ery good this is daybreak europe. Lets talk about the asian equities session. Another boy in story for stocks. Japanese returning to the market. Msci asia pacific up. 3 . T is not all positive samsung is one of the negatives over on the seoul market. Their Earnings Report suffering a little bit because of the dollar weakness. That is weighing on the equitys story a little bit in south korea. Our focus on south korea and north korea is around geopolitics. More details of that in the samsung story. Lets talk about what is going on in fx markets. Later our attention will return to fed speakers. Today lets focus in on the yen and euro because interesting moves in both of them. The yen, and overnight story. We see the yen gaining this morning as the boj trimmed some of its bond purchasing. A small tweet to the long ticket buying. Governor kuroda told us there is nothing to see in terms of expecting to see any big changes in policy. Plenty discuss
Debt woes. We will bring you that trade. Accelerates,or gaining 6 in five days. Chrysler has jumped over 20 . It is 2018 going to be the year the sector regains traction . Freddie lait we are less matt less than half an hour to the start of cash trading. Look at what futures indicate. We have to look across the whole sector, although i would say that is a fascinating story, the car story. That is what we will ask today. Ftse futures up about. 2 percent. Not a lot of direction across the rest of the continent. Dax futures up slightly, cac down slightly but also very little changed. What do you see in the gmm . Guy lets talk about what is happening right now. China is on the front foot right now. Up. 7 . The nikkei trading up by. 6 . A great dayt have yesterday. The yen is trading stronger this morning. Aussie trading stronger this morning. What ison why is happening with the commodities story. Commodities are generally quite positive today. Looking fairly solid. Higher, koppers trading
Asia. Rishaad starting the program looking at the major benchmarks around the world. Index, lets have a look at what it has been going on since last anywhere he. January. White, last january. The green line, looks at the magnitude and speed of price fluctuations. 70 seems to be overbought or undersold. And we have the world index, showing the euphoria around the world is gripping the whole world, as opposed to just the msci emerging markets indicator, purple. And then we have the asiapacific index, the secondmost overbought one as well. There we have it, heidi. The party goes on for the time being. Heidi do these technicals part of something that could be in the way of a correction . Europe might be the only one that has a bit of room to move. A number of key events could pull this different directions. The u. S. Laterin this week. Japan is back in trading action after the threeday break. 24,000, Japanese Equities looking at the highest since 1991. Take a look at the action. We will se
Equities. We will comedo, back to this in a second while we fix this. Vonnie i will check u. S. Markets first because we are 90 minutes into the trading day. The dow is up. 25 . The s p up. 1 and the nasdaq tax reform helping the. S. Profit outlook david from mainstay capital think the trading weve been seeing this year is equivalent to euphoria. Perhaps this wont end well. Theyre interesting when we contrast this to a great chart we have in the bloomberg. We are looking at the number of death without a 5 pullback or greater. We are looking at the number of without a 5 pullback or greater. The s p 500 in blue. We are looking at the number of days without a 5 pullback. We are on day 295. Week,eek, it was last it was day 292. You have to go back to 1965. One of the bestperforming sectors on the day helping the record high, the financial sectors. Citigroup and bank of america higher. We have regional banks higher. Behind this trend, not surprisingly, yields. The 10 year yield is up five b
It strengthening after the bank of japan seems to be pairing some of the bonds. Asian equities see a little bit of movement on dollar yen. For also looking at a stock 600. 600. Oxx eurodollar is at 1. 1936. Coming up, we talk Central Banks. With ouriscuss it guests from blackrock. We also have an exclusive conversation with ignacio gallant. Ignore this. This is something from a couple weeks ago. Lets get straight to the first world news. North korea has said it will send athletes and a delegation to the winterland picks and south korea next month and wants to resolve issues on the divided peninsula. Delegates from saul said that south korea wants both nations to march together at the games. The two sides held talks in a village in the joint security area of the heavily fortified border. U. S. Special Counsel Robert Mueller has like raise the likelihood Donald Trumps legal team that his office will seek an interview with the president. According to people familiar with the talks, miller