We will be asking if the company can find a way back. Sophie and economists say we may be entering a period of peak dovishness. Posse shares opening flat after following the most on wednesday. We are keeping an eye on a weak Earnings Report as well as Oil Companies with brent extending declines and opec not pushing for deeper supply cuts. The chairman spoke of caution in the short term with capex below 8 million u. S. Dollars for 2020 and 2021. Checking on the aussie dollar, treading water near a oneweek low while aussie bonds are gaining ground on a possible delay to a u. S. China trade pact being signed. Futures pointing lower after japanese shares ended wednesday flat amid signs of overheating. Breaking news crossing the bloomberg on google, google said to be mulling changes to political ad policy, this coming on the back of twitter saying it is voluntarily suspending political adverts on its platform. Facebook on the other hand really more embracing it. Google now said to be mullin
Hosting dozens of African Leaders today and such she for the 1st ever russia africa summit chief of aims to jumpstart with the continent 3 decades after the fall of the soviet union then major player in africa 54 delegates including heads of state and government are expected to attend the 2 day meeting with trade and investment high on the agenda. Now russia has big plans in africa particularly in Mineral Resources like in the republic of congo where although multinational lukoil is involved in a Natural Gas Development project in sudan and the Central African republic a close ally of president putin has secured mining on instances for gold in guinea a russian aluminum producer is doing on back side iraq that contains high levels of aluminum and in zimbabwe russia wants to get into platinum mining by a Company Called afro met while until now russia has seen relatively muted trade with african countries exports and imports to the entire continent were valued at only around 20000000000 d
Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down the value of the Crypto Holding that spacex, the wall stree
Thats slightly higher than expected and driven mainly by higher costs for gasoline and rents. In the 12 months up to february, the cpi rate increased by 3. 2 , compared to 3. 1 injanuary. The core rate, stripping out those volatile elements such as fuel and rents, fell to 3. 8 from 3. 9 injanuary, but that was still higher than the 3. 7 expected. This latest data suggests there is still some stickiness with inflation that will be scrutinised by the Federal Reserve as it weighs up a highly anticipated Interest Rate cut injune. Lets head over to new york and speak to our north America Business correspondent michelle fleury. As far as the fed is concerned, it is about how they respond to this number. It is not going in the direction they wanted it to. The tricky word direction they wanted it to. The tricky word that direction they wanted it to. Tue tricky word that you direction they wanted it to. Tte tricky word that you were stumbling over, sticky, and a lot of this is to do with housin
Neil carberry is the Chief Executive of the recruitment and employment confederation. We have definitely seen a cooling in Labour Market demand for newjobs over the last year, year and a half. And lots of change going on inside companies as they adapt to a slower economy. So, definitely signs of a cooling, that of course is what the bank is looking for to justify dropping Interest Rates in the next few months. But i think what is important to say is that there is nothing precipitous here, unemployment overall is still low, demand is still relatively high next to historic standards. So this is a gentle cooling, more of a soft landing rather than anything more challenging. And there is some hope in the business surveys for a turnaround later in the year. The rec speaks for 3,000 Recruitment Agencies all over the country and what we are getting is not employers shutting up shop and not hiring, but those Decision Making timescales take a bit longer, maybe we will recruit that rule next mon