investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and
continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better than expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism because of strong earnings? it optimism because of strong earnings? optimism because of strong earninus? . , ., . earnings? it reflects rate cut exnectations earnings? it reflects rate cut expectations undergoing - earnings? it reflects rate cut l expectations undergoing belief that the us can have a soft landing, when you look at earnings growth, actually earnings growth, actually earnings growth
investigation. he was among nine people killed in a mortar attack in a southern city. the reporter was covering a pro-government rally when it came under fire. that was gilles jacquier. nigeriians have been on a strike the past few days protesting a doubling in the fuel. a fuel subsidy was removed. those are the headlines. world business today starts now. hello, and a warm welcome to world business today. i m nina dos santos at cnn london. aim andrew stevens in hong kong. here are the top stories this thursday, january 12th. japan stands side by side with the u.s. with a pledge to cut its imports of iranian oil. a breakthrough for some, a gimmick to others. can tvmakers really convince us that 3d is the way to go? we ll hear the hard sell from the las vegas electronics show. and monuments to capitalism or hashi iharbingers of economi what the skyscraper tells us about boom and bust. japan says it s prepared to reduce the april of oil it imports from the republic