Short interest on chinese equities jumped to the highest level in a year. Its the big short back in china. We are less than half an hour to the european open and that all lines are open as we open for futures trading where up just slightly. For the w toing cross at any moment this morning before the market opens. Also take a look at the amazing story unfolding in asia. The nikkei to 25 getting about 1 right now but it is really in china that the interesting story is unfolding. You can see the chinese if i 300 up 3. 1 . This is an index keep in mind that was limit down overnight in less than one minute chinese stocks dropped 10 and then bounced almost immediately back. Its interesting because we are also watching the incredibly high levels of Short Interest in china. It doesnt seem to have stopped a quick recovery for what looks like it may have just been a Technical Glitch or socalled bad finger. In currencies you can see a little bit of gain and emergingmarket currencies. You can see
In dubai. Let us kick it off with what is going on. We are trying to absorb everything from janet yellen. The treasury market returned aggressively with pace yesterday. I want to show you the dollar. Take a look back here over the years. Go back to 2009, selling in mae and going away. That is not the case. The dollar has climbed 3. 4 . Best performance in may since 2012. This is relative to some of the other Asset Classes. The aussie and the yen are the biggest casualties to Dollar Strength. We are going to pick up on all of these greenback gains against the major currencies. I love the irony. Except for the good old british pound. If history is anything to show itself by, selling in mae is not the trade of the day when it comes to the dollar. Nejra we are also going to talk about china. I have a chart that shows a little bit of jitters possibly. Looking at csi 300 futures. We solve the stock Index Futures plunge. You saw the line drop for the daily limit. It snapped back in less than
That s p 500 declined, nascar lostering with need on address an important question. Do we have too many of everything . It sure feels like that on a day like today. Too many stores, too many trucking companies, too many airlines, too many banks, and nothing can be done about it except survival of the fittest. For the longest time the free market took care of itself. The big fed on the small. We had rational markets based on companies able to combine and take out costs. But in the last couple years, the federal government has turns violently against these deals. Were starting to see the havoc as company that grow are no longer given higher priced earnings and the government has chilled the whole darn process. I think it is a back lash to the justice departments willingness to bless too many Airline Mergers with the straw that broke the camels back with the u. S. Airlines deal. That raised prices and it changed everything. It has been downhill for mergers ever since. Think about what has
Strategies to put on a fullcourt press in the golden state. Will it all be enough to best bernie . Senator Bernie Sanders pushing ahead with his california dream just one week ahead of the primary. Our Political Panel on how sanders gains are causing hillary pain and what she needs to do now. On wall street its last day to sell in may and go away, but first on fox businessal januaries chief economic adviser mohamedal aryan. You will be the first to hear his latest bet on when the fed will hike Interest Rates and with whether you should stay in may. Plus, will the summers most anticipated video game rescue gamestop . The rise of uncharted four in a fox business exclusive. Were live with ceo paul raines on navigating uncharted territory. Were less than an hour to the closing bell. Got a little bit of red on the screen here, so lets start the countdown. Liz okay. Less than an hour of trading for the month of may left, and right now, yes, as we see, weve got some losses here, but even thou
That is expected to exacerbate the commodities while and toil. They are at a 16 year low. Playing across a lot of commodity sensitive industries. We have seen shanghai turning green. Up by 3 10 of a percent. An afternoon session of greater volatility, but still, really strong losses in tokyo as the decay is down by two and a half percent. The topic is hurtling toward multimonth lows, a better than expected read on the survey. Japan picking up a little bit, but investors are shrugging that off. Positive weakness coming through from hong kong shares. Down by 4 10 of 1 . Energy and oil related plays that are getting quite a bit of risk to those markets. I want to take a look at some of the currencies that are in focus today. Rmb, to a slower year low. We are seeing last week we had the decline weekly for the rmb since the august evaluation. We are seeing a weakness of about 3 10 of a percent. On the back of a new currency index that was announced by beijing just went friday. Here are 13 c