Although the big story is about this rout. We have the number Commodity Index near a 13 year low. 13 this year. If we look at individual commodities, and little bit of discrepancy. Rent crude brent crude trading below 50 a barrel. Gold recruits some of its losses from earlier. Investors very bearish. Goldman sachs saying it made below 1000 per ounce. Copper heading into a bear market. Lets take a look at our commodity currency. Climbing from a six year low. After the rba held rates at a record low. Back to you. Mark jonathan lets get to the asian market rout. Thanks john. A very good morning. A look at the shanghai composite. That is what we are doing today. Three clock p. M. In hancock and how kong. The. 7 . That is a 4. 5 swing. For any other market, that would be the best day in years. For shanghai, we know how wild things have been. That is the best day in three weeks. 3756. This is despite this new rule in play. Making it harder for you to profit from short positions. Another thin
, at bloombergs European Headquarters in london. Manus ahead, we have two big interviews. In 10 minutes we speak to the ceo of italy secondlargest bank. Paolo. N francine then we are joined by continentale chief executive offers. Manus first, commodities are trading at their lowest in 13 years with oil, metals and crops being effective. Francine supply gluts and the slowdown in china and prospects of the yard the rise in u. S. Interest rates extending the rout. Us is the bloomberg managing editor for commodities. Been oversold are we are expecting bad news . That depends a lot on what happens in china, about how the story develops. We see data that shows a slowdown in the real economy. If you start to feel that, the bearish mood can continue. Links one of the biggest is between china and the producers. We have had everybody through the door. If we look at what the miners are doing and the china story, how does that balance . Will even at these prices, miners will still be making money.
Each day on wall street. Snapchat Parent Company staff set to post its ipo going public today. The big debut when the stock trade. We will tell you about it. Futures indicate a Market Action like this. A nice rally. The dow february for the fourth month in a row. Looking like we are going to start march strong as well. Dow industrials to be up 90 points raised out. Nasdaq up 30 points. In europe stocks higher across the board. We skated between one and 1. 5 acrosstheboard gains. Asian markets were higher as well. Asian markets but the nikkei average of 1. 5 . Turning to talk about it, jake and mcdowell, senior strategist Fox News Contributor steve cortez and republican contributor mercedes schlock. Good to see everybody. Good morning. Dagen good morning. Incredible feat. Even some of the democrats liked it. Maria i dont know about that. They didnt stand up for anything. They didnt stand up f job creation. Dagen they were in sheer shock the President Trump can appear so president ial, b
Have had so far this year. It a fairly big down drop. Back to the previous day. Lets show everybody the chart. This is the s p 500. The best rally support this year. That is it there. Over there. Wndraft we had a big selloff, and then we had a little bounce. Anna we have not made up for all of that lost ground. He always has something to say about this. Have a particularly positive takeaway. He would suggest we take flight. There isis no doubt volatility, that indicates that his risk. Not just in the Financial Markets, but in the real economy. Investors should continue to have a postured risk. That can mean Higher Quality investments with high yield. A better investment grade. Perhaps even more duration than you normally would. Bill is unconvinced by this rally. Other than saying, the moment has arrived. That freshto put power to work is here. Anna that contrasted with the hedge fund that said this morning that they see a fair market, rivaling with 1997. Views out there. Guy we have tw
Door at barclays. Anna its another american banker. Guy. And halfway between anthony bob. He knows about Investment Banking but hes also good with regulators. Barclays has been on a roller coaster ride not only with c. E. O. s but let me show you the chart. That was the picture they have man well be talking about a lot. The diamond era which was short. The stock actually was up in jenkins tenure but has been falling. Era starting. Anna and now j. P. Morgan, most reclently recently in the hedge fund sector. Thats the banking story. Well be focused on russia today. Russia over there at the calling forum. Guy were going to be talking to a lot of figures, no pressure there. The other stories you need to be aware of today, keeping an eye on the s. A. P. Miller story, we have a report out suggesting the latest offer has been rejected but were getting closer to put up or shut up deadline tomorrow so keep an eye on that story as well. I cant ignore the wolf of walsburg as well. Anna aparaphern