Investors and say it is a lowquality success. Talking trade again. To u. S. Team may have beijing for new facetoface negotiations if talks go well this week. Shery lets get you started with a quick check up on how markets closed on mondays session in the u. S. Ending slightly higher at record highs. We had a tech rally in the nasdaq gained. 2 . Energy sector and Financial Sector weighing on the s p 500, but aboved unchanged the 3000 level. We had citigroup of course reporting earnings. Theyre treating revenue their trading revenue missing estimates. Every member was under pressure in the session. Japan returning from a long weekend. What is the setup . Sophie nikkei futures in whileo trading flat contracts are falling in sydney and seoul. Gains, withresuming the nzx 50 attempting to breach the level again. The kiwi dollar is holding steady, holding onto the overnight gain as the Inflation Report reinforces the case for the rbnz to cut rates. On the central bank front, the rba polished
The us will reveal its latest trade numbers today, as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april, the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu, and canada have all seen their exports to the us rise substantially this year as trading patterns have shifted. But economists warn that rising tariffs will be bad for the world economy. The imf has lowered its forecast for Global Growth to 3. 3 citing trade tensions as a key reason. Ross denton, trade partner at baker mckenziejoins me now. Good morning. So the trade figures will be out in the us later. What will be out in the us later. What will it tell us, do you think, about the trade relationship between us and countries . There is enormous amount of uncertainty in the Global Economy at the moment. As you
Is pretty much up e. U. Leaders nominating i. M. F. Managing director Christine Lagarde to take over a position still needs confirmation analysts say it will be difficult for her to emulate the eye catching policy steps of super mario shes a ready one of the most well known figures in International Finance bringing with her a wealth of experience and a reputation as a trailblazer for women in 2007 Christine Legarde became the 1st female finance minister of france an experience that french president emmanuel mccoll says could benefit her as e. C. B. Had. She was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decade. Having earned credentials for shaping the french response to the financial crisis she went on in 2011 to become the 1st woman to head the International Monetary fund her biggest challenge in that job handling the greek debt crisis. But her career has not been without controversy in
Markets for you, optimism and prevailing on the prospects of a new ecb head. And, staying focused, we will be hearing from the founder of a popular mindfulness app which has gone global, also, we are looking at children, and when they start to develop money habits, apparently, good and bad, they start learning by the age of seven, so we want to know, when should you start teaching them about money, seven, is that the right age . Too young . Get in touch, use the hashtag. I remember getting pocket money, saving up, does anyone do that anymore . Get those tweets coming in. The us will reveal its latest trade numbers today as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu and canada have all seen their exports to
To replace sovereign currencies senators were skeptical to say the least take a look consume david marcus head of facebooks lever a subsidiary for a face to panel of senators who werent prepared to pull their punches or facebook is dangerous. After all the Times Facebook is abuse the Publics Trust and you know that you really think people should trust facebook with their hard earned money trust this primordial and weve made mistakes in the past and we have been working in our continuing to work really hard to get better and Central Banks worldwide have raised concerns that libor could become a rival to sovereign currencies david marcus out and out tonight that was facebook saying and promised the Senate Banking committee that the crypto currency would not be in anyones digital wallet until Global Regulators were satisfied. We will take the time to get this right we expect the review of libra to be among the most extensive ever we are fully committed to working with regulators here and