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Lets catch up on what the market has done overnight. The big issue is oil, back in the bear market. It is currently down 20 off its highback in june, when we reached the high. Clearly, china is weighing into that once more with concerns about too much supply and where demand goes when you have the pmi coming out of china. If missed every single economists forecast. We saw doing even worse than had been expected. I will also bring you uptodate with some of the market moves we saw in terms of closing on the equity market. The commodities that is feeding into the market, the s p 500 off by nearly a half a percent. Meanwhile, the european stoxx 600 is off. They have been slumping for three days in a row. That brings us to our twitter question of the day. Let us know how much further does the commodities route have to go . Tweet me. I want to know your thoughts and what you think good oil go even further than a 20 decline . Of course it was disappointing in china when preliminary pmi fell t ....
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Produc ....
Following the purchase of linkedin. Countdown countdown. I am anna edwards. It has just gone six a clock in the morning. Manus 6 00 in the morning. Manus it has just gone 9 01 here. Lets get straight to value destruction. It is all about those four polls. Sterling might be volatile, but what you have here is on the back of these four polls and the front page of the sun, channeling 1992, we can become richer, safer, and free. The msci all world value destruction. Trillion has been wiped off the value of equity markets. We have nothing a run of losses like this on a global scale since february 11. Recordo alone, they are shortselling. Another bank of japan is playing in their, but if you are look playing in there, but if you are looking for the real risk off anna all parts of the globe been given something to think about. Lets see where we are on currency markets and broader assets as well. The pound is once again weaker. The dollar index is flat. Versus the dity ollar at its highest sin ....
Good morning and welcome to Worldwide Exchange on cnbc. Happy friday im sara eisen. Are you saying happy friday to me or to everyone else. So you and the world. You tilted your head to me a little bit. I felt that very nice. Indeed im wifrt frost lets have a look at the market action. Futures seeing little action. Remember yesterday we did break a five day losing streak. Markets ended higher. The dow ended up almost a hundred points. Futures down 5, s p down 1. Nasdaq down 1 as well. Some of the pressure points are easing right now but quick a look at the 10 year treasury note yield went as low as 1. 52 yesterday. Back above 1. 60. High yields above 1. 60 this morning. First time weve seen german debt and japanese debt overnight sold in several days. Roller coaster ride yesterday. The dow was down 170 at one point by the close. We were in positive territory. A big turnaround we are going to dive into now. Global markets do app ....