Markets. Julie hyman has the latest. Julie we are seeing a bounce back from the declines we saw on friday, helped in part by oil prices. Keeping supply from coming back online. All three major averages up. Of course folks are also looking ahead to the Federal Reserve decision as well as the bank of japan decision later in the week. Individual e is aidual stocks, this company that is up 76 . Of that is because the fda has approved this experimental drug. This affects teenagers, mostly boys and the parents of these kids have been fighting for parole for quite some time. An outside panel of advisers recommended it be rejected and a gentleman advocated against this drug. Halted earlier after the news came out. Were continuing to watch the news that day. Had a little bit of a pullback late in the week last week, but it is now presumed gains, even though it is not gaining that much today. Of course its size means when it is higher it contributes overall to the market. Shares are rising 3. 3
6 00 in the morning in london. A lot of the focus today still in tokyo. We will get to what is happening in the Asian Session right now. And tell you what the boj has been doing. No change to the negative Interest Rate policy, 0. 1 . But the reorientation of the policy is moving to target yield curves, away from setting specific monetary stimulus per year. This is the impact on the market, if we can throw the risk radar, you will see the monetary stimulus may now fluctuate in the shortterm, as they seek to control the yield curve. Inflation about 2 . There are the headlines. This is reactionary the 10 year did actually get to zero. If you can call zero positive territory, just got there, falling away since. The japanese yen at 102. 69. Shy of 1 by just against the dollar. Perhaps that would make governor boj, pleased at least in the short term. And a reorientation the policy on buying, to ron the spectrum of the buying. ,inked to the topics outperforming the nikkei. Because we said ear
30 minutes into the trading day in the u. S. Thatmuch awaited data julie hyman is back. Julie in terms of that data, the nonmanufacturing composite index coming in with a reading of 51. 4, that is below the 54. 9 that was estimated. Above 50 is still expansion. The weakest pace in six years. We seen a slowdown in manufacturing as well. Softening in the economic numbers that weve gotten recently. We are seeing stocks hold up relatively well. The nasdaq still hanging onto a gain of. 25 . One thing that may be chipping away at the early gains today come energy prices. We are seeing oil come down after seeing a gain in the past several days. Over speculation of some kind of opec production agreement. Some disappointment being reflected in the outright freeze not being talked about. Down. 75 . We had some energy deal activity to talk about. And bridge will be buying the largestgy Energy Pipeline and Storage Company in north america. The largest foreign purchase ever by a canadian company. 1
Now lets take a look at the markets. This is what we are seeing on the board. Yen strengthening past 1. 15 per dollar. Stoxx europe 600 opening lower. 9. 5 che bank losing yesterday and now gaining 3 . Japanese yen at 115. I want to show you the 10year jgb, negative territory. This fell below zero. If we look at some of the other banks overall this stoxx europe 600 bank, unchanged. The nikkei finishing the day 5 lower. Man and dust unexpectedly fell for a second monday in december. Unexpectedly fell. Even as domestic demand remains strong. The median estimate had been for a. 5 gain. Goldman sachs expects the reserve to increase rates to 1. 3 . Goldman says it sees above trend u. S. Growth and predicts a gold rally will go into reverse. In germany say four people have been killed and 100 injured after two trains collided. The incident happened near a area. N the bavaria thank you. With some of the news you need to know about. The stocks 600 just erased this mornings losses. Mark i want