Raise 2 billion. Haidi haidi Oil Producers considering extending cuts. Six nations say more time is needed to train the global glut. Rishaad China Southern confirming a stake sale with American Airlines worth 200 million. Suspended butock should resume when the session gets underway. , thatlooking at kaisa forerty developer suspended two years will resume trading. So a lot to look for two in the session ahead. Haidi absolutely. We are seeing a risk off session so far to kickoff the trading day. Lookof fence the two forward to, janet yellen speaking on tuesday, and as you said, hope springs eternal. Aroundd get more color this Monetary Policy trajectory out of the u. S. Given disappointment and concern over President Trumps Political Capital and ability to push through these tax progrowth policies. We are 30 minutes away from that open. Lets get it over to sophie with a look at the markets. What a great way to start off the week in asia. Sophie risk off this monday. We do have singapore
Day. Will see if they hold onto them by the close of trading. Streak this continuing of less than 1 moves in the s p 500. At the moment, all three major averages are at highs if im not mistaken. It looks like some of them are at intraday highs. We are trying to figure out when the last time all of them hit the levels at the same time. Theg back to the last time dow set a record on july 20 of backyear, you can also go to july 20 last year and again we have seen, it took longer to for the nasdaq to hit those levels. In terms of what stocks are contributing to the gains in the dow today, we got nike, chevron, and ibm. Ae only one that has more of catalyst would be chevron which is rising along with oil prices. Is helping with the updraft ghosting in stocks over all this is something that matt miller picked it out earlier is that even though the major averages are hitting highs, many of the stocks are not necessarily their. This is 52week highs in the s p 500 versus lowes. Versus lows. A r
Showing to the extent of the rest of the world not really piling in chinese commodities anymore. Record stretch of the clients. 36 months. Consumer prices are on the up a little bit. Maybe more domestic demand. Outside, they are showing the rest of the world is not up to scratch to the united states. You said it, it is all about dollars to rent. The euros weakness. Interesting move. Bond buying still going. It is all about u. S. To read in anticipation of a rate hike stress in anticipation of a rate hike. Interesting story with the kiwi. The new zealand dollar. All the related to a baby formula. Risks threat to poisoning of baby milk. New zealand is the number one derry supply in the world and dairy exporter, is reputation at risk. Really affected the new zealand dollar. On the back of that news. A little look at how bonds are moving. We are seeing that yields screaming down. Record lows for france, germany. Look at that across the board down basis points. French are down three. Italy
UBS is aiming to create more products to compete for managing the wealth of rich Indians. The bank plans to add at least seven relationship managers to bring its total advisory strength in India to around 25. UBS is also employing two senior executives from rival firms in portfolio management services, who develop India-specific products.