The great is slowing rate is slowing in the u. S. The virus is not helping australia and if barley has become a new flashpoint. Shery lets see how asia is shaping up. Sophie after a choppy week for asian stocks with the msci aipac index snapping a twoweek advance, futures are mixed but mostly lower going into chinas npc. Japan as well as thailand are going to publish First Quarter gdp numbers. Japan may have fallen into a recession through the yen trading steady ahead of the Asset Managers steady. The Asset Managers have boosted it five straight weeks. We will get policy decisions from thailand and indonesia when bets are raising that major Central Banks could be forced to embrace a good of rates. Theble under pressure after chief economist of the option of subzero rates was being considered among other unconventional policy tools for lets look at oil policy tools. Lets look at oil. Seeing brent gaining ground and of uti adding 2 after wti adding 2 ahead of the june contract expiring o
Country in the history of the earth you are deemed as matter. For more information go to our website www. Studentcam. Org. Here to talk about security of the Global Oil Market is brian scheid, the oil news a Senior Editor for smp global plats, thank you for being here. Things or have any. Tell our viewers what exactly was struck in saudi arabia and how it impacted supply. About a week ago the oil market was in almost a general malaise over and over supply situation, there wasnt a lot happening with the crisis was very volatile market. Then saturday morning happened and there was an attack on the ad quick processing facility the largest in the world in saudi arabia and the crew raise field which is the second Largest Oil Field in saudi arabia there is still a lot of debate about what actually occurred during this attack and whos to blame, the u. S. Is already can blame on iran and we will see a lot more as that goes forward but what happened with prices was this knocked out 5. 7 Million
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
Prognosticators who said the trump win would send stocks down hard have been off the mark. Today, the Dow Jones Industrial average rocketed to a record close. But not everyone participated. Well have more on that in just a moment. The dow rose 218 points to 18,807, a record. The nasdaq lost 42. And the s p 500 rose four. Bob pisani has more on the rally. Reporter what a week of trading. We went from rallying on monday, going into the election, to down 800 points the night of the election, to soaring to record heights just today. Whats going on . Theres a new trading mentality on wall street right now. Lets call it the reflation trade. Buy into sectors that will benefit from less regulation and more fiscal stimulus, that means spending. Bank stocks like jpmorgan and Goldman Stacks all hit new highs today. On the other side, the downside, Interest Rate sensitive groups like telecom, real estate, and utilities are being hit on concerns of higher Interest Rates. Big Tech Companies like app
Prognosticators who said the trump win would send stocks down hard have been off the mark. Today, the Dow Jones Industrial average rocketed to a record close. But not everyone participated. Well have more on that in just a moment. The dow rose 218 points to 18,807, a record. The nasdaq lost 42. And the s p 500 rose four. Bob pisani has more on the rally. Reporter what a week of trading. We went from rallying on monday, going into the election, to down 800 points the night of the election, to soaring to record heights just today. Whats going on . Theres a new trading mentality on wall street right now. Lets call it the reflation trade. Buy into sectors that will benefit from less regulation and more fiscal stimulus, that means spending. Bank stocks like jpmorgan and Goldman Stacks all hit new highs today. On the other side, the downside, Interest Rate sensitive groups like telecom, real estate, and utilities are being hit on concerns of higher Interest Rates. Big Tech Companies like app