india italy locking down the whole country. let s get straight over to the markets now, we are joined by sarah ponczek. one of the one of the highlights? helling say the the selling has not stopped. saw a limitafter we down in futures yesterday, we and at the same time we have new zealand coming on, getting closer and closer, well below the 200 day moving average which served as support earlier on. at the same time, we have seen dollar-yen moving closer and now the yen is trading at the highest level. prior to the presidential election in the united states, and also, the vti crude oil extending losses again after the worst day since the 1991 we have seen absolutely massive moves. day, we didf the close down 7.6% and if you look at the different barometers, we have seen massive moves. the average move over the last eight trading days has been 3.7%, that is the largest going back to 2008, so to put into context the amount of volatility we have seen, the vix also at [in
alibaba. single day after a scorching start as consumers around the world look for bargains. kathleen: let s get to u.s. stocks and how they ended. you can see the gains on the board are not large. however, go straight to the middle line, that s the s&p 500. another all-time high. 3093. it was a week of dueling trade headlines as china s commerce department and white house economic advisor said yes, a phase i deal will involve a phase in tariffs. tech stocks gains as well. anything that is good for a trade deal. global growth certainly helps. tech shares, the nasdaq closing at another all-time high. 8475. what is interesting is on saturday, president trump went out of his way to say wait a minute, i have not said yet anything about tariffs. i m not going to get rid of all tariffs. he did not say he would phase in some tariffs reductions. i think he is trained to tell us the deal is not sealed. i m the final say on what is going to happen. we will see how the markets deal with
intentions and australia plots a course through the trade waters to strike a balance between its latest largest partner and investor. we are seeing u.s. futures rally 7/10 of 1%, this after coming as the u.s. and mexico agreed on a trade deal and president trump postponed the tariffs. it came late friday and wasn t reflected in the u.s. markets clothes. the friday session was good for stock market in the u.s. with indices gaining at least 1% and we had weaker jobs data on friday which starts speculation we might see the federal reserve cutting rates previous of the s&p 500 rally 1% and the nasdaq with the best four-day gains since january. with trade tensions between the u.s. and mexico subsiding for the time being or the tariffs being delayed we saw s&p futures gaining .7 percent. let s see how markets are shaping up in asia. truce couldtrade translate to a risk positive opening here. futures pointing higher and we see the exit the asx largely unchanged but there is ups
shortages and auto industry apathy. several top manufacturers are stepping skipping this year s car show. shery: let s get a quick chilled quick check of the markets closed. markets did not manage to get into the green. s&p 500 finishing slightly down. really close to that crucial 2600 level. of course we had some concerns over the ongoing government shutdown, now in its fourth week. but also we had some positive sentiment among u.s. china trade talks going in the right direction. a variety of factors pulling markets in different directions. the dow finished at 23,995. we also have energy shares really lagging and bringing the markets down. wti finishing below the $52 a barrel. this, coming after its best week since june. see how we are setting up in asia. . sophie. here is sophie. sophie: it was the best week for asian stocks since early november. we saw the regional market skin about $700 billion in value last week. potentially a mixed start for stocks in the region.
says u.s. banks are still falling short on risk management. check oft s get a markets closing on friday sessions. we saw u.s. stocks being pulled down to we saw the s&p 500 lose 1%. the dow also lost 8/10 of 1%. we had weak earnings coming out of the tech sector, which pulled down technology shares. the nasdaq losing more than 1.5%. the energy sector was also down. the 10thound for consecutive session which was the longest losing streak ever. we did see saudi arabia signaling potential production cuts during the weekend. we could see a rebound in oil. let s keep a close eye on that market. we will keep you updated on that story later in the program. also sawantime, we disney s strong earnings offset all those losses on the dow. sort of minimized the damage and the dow falling only 8/10 of 1%. we sawrth mentioning, a weak friday committee was the second consecutive week of gains for the s&p 500. all of this leading into the asian markets on a monday. haidi: yeah, on a monday.