Heres david. We cannot make out that the point which direction stocks will be at least trending. For today the lead will be, australia is weak, blowout jobs numbers in the u. S. That sent stocks basically tanking. It sent yields flying. I will get you more on what the yields are doing at this point in time but certainly the odds of a rate hike from the fed, in fact Going Forward perhaps to june. Look at what options are saying data projecting 25 26 of that happening at this point in time. Obviously, that could all change given future job reports. This is what asia is doing now. Fairly mixed jafment pan half of 1 higher. You had the current account surplus there for january a little narrower than expected. 187 billion yen certain lips the japanese yen went above 1. 19. A little bee three but certainly strong dollar helping things along in japan. Half of 1 . What else do we have . Australia down half of 1 pr for the market there. Tony abbott managing to defeat the leadership. More on tha
50s, 60s, 70s first, the positive spin is that it is out of recession. We did see some signs of life. It wasnt what economists were expecting. I think a big part of it was the big revision down, the thirdquarter gdp number. It was worse. Deeper than first thought. The initial read was negative one point nine. That brought they brought that down to 2. 3. We are looking at growth. The annualized figure is 2. 2 . The estimate was for 3. 7 . The Third Quarter revise number was down to 2. 3 . The recession was a bit deeper than expected. What was the reason for the weakness here . Lets talk about that a little bit. You had the export numbers were quite good for december. But the underlying demand spending, isnt quite where it should be. Lets listen in the hsbc japan economist was here. Listen in. Export is looking quite strong due to Strong Demand in the u. S. But Household Spending is still under pressure. I think that is going to be the case unless we get a big round of wage revisions sta