Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is time to buy into these markets. We will see how it plays out. In the meantime, lets get to first word news with courtney collins. Bhp says litigation continues disaster, butg warns insurance will not cover the extent of its liabilities. Andrew mackenzie told investors investigations in the incident that killed people in brazil. There is a degree of urgency in withdrawing from u. S. Shale, and he
This is daybreak australia. We are still an hour away from the start of asias major market. Betty a brandnew week, but it will be a short week. It is just after 5 00 p. M. In new york. The thanksgiving holiday break already. Last week we saw a second decline in u. S. Stock. We ended on a red note. The s p and dow off by about one or two points as well. Decline, twoek of an a row since august. It continues to dog investors. Where is the fed going to go next year . Beheadedl tax reform and will we get it done by the end of this year . These Research Notes coming through last week. You have this market, nothing seems to bother it. You have something skittish starting to build, it seems like every headline might comes to that tax reform seems to be hurting the markets as well. We get this brandnew trading week started, lets take a look at new zealand where trading is underway. At about 1 10 of 1 . Australia, coupled members speaking early this morning about financial stability. Cindy futur
We will hear exclusively from the economy minister in japan. Betty just moments ago, breaking news out of europe, germanys chancellor Angela Merkel, her push to unite for parties together into a Coalition Government seems to have collapsed. They were just running up against that deadline. This is going to put germany into uncharted territory. And really puts Angela Merkels job on the line. You can see there is immediate Market Reaction already in the currency markets in particular, the euro dropping right as the news broke about the talks. It was already uncertain if Angela Merkel could pull this off and it looks like at least for now, the answer is no. We talked about how intense these negotiations have been come and they were in deliberations for 12 hours on sunday. It seems like there is more uncertainty, we could possibly see another election triggered. Merkels job could be on the line. Atre was a lot of doubt even the beginning after the election earlier this year that they would
State sponsor of terrorism. That at T Press Conference is still happening. We are listening for breaking news out of that. In the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. If you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u. S. , 3 plus gdp growth in the United States, which is a reason why, even though there are some bulls out there getting worried about the stretched valuations, when they look at the indicators, they are saying, it still seems like it is a go for the markets. You might call them reluctant bowls. Yvonne yeah, global synchronized growth is what we continue to hear from a lot of our guests. You can certainly see that in europe, as well. Despite the Political Uncertainty surrounding germany and chancellor merkel, the dax is shrugging off that risk. Are still looking for some type of catalyst of w
The United States designates north korea a state sponsor of terrorism. Yvonne geopolitics with north korea. All Political Risk and uncertainty in germany. Markets quite resilient in the last 12 hours or so. It seems to be the case of that this will not derail the global synchronized growth. Sophie you saw the muted reaction even though it was a whipsaw in europe. Europegiant or hard in given those headlines coming out from germany. Here in the u. S. And there is uncertainty over taxes for the markets continue to rise. Aheade several more weeks until the end of the year. Lets get to the first word news with emma. Confirmedt yellen has she believed the fed once her successor is sworn in. Governor doese not end until 2024. She was said to be vice chair fore that he was chair of the San Francisco fed and chair of president clintons council of economic advisers. Yelle merkel said she would face another election rather than form a coalition. Merkel said she would rather go back to the electo