Warns america to prepare for a painful time as new york surpasses chinas Hubei Province in reported cases, the deadliest day so far. Japan proposes its biggest ever stimulus package as the virus threatens a deep recession. The Business Survey this hour will gauge some of the damage. Haiti. Haidi haidi. Haidi lets take a look at how we are setting up in australia. Trickling online in the staggered open, seeing early signs of positivity when it comes to this market after ending the session lower yesterday. We are seeing upside of about. 7 at the moment as we are awaiting the rba march 18 Meeting Minutes later today. We are trying to get past the worst quarter ever, so downside of 25 for australian stocks over the last three months today is a new day and new zealand, we are seeing gains for a Third Straight session as the rbnz is doubling down in the bond purchase program. Japanese shares looking a little bit lower. They had the worst quarter since 2008 and the kospi also trending lower a
Far as asset classes. The asian index, down. 2 . Up 16 . Date, it is not too bad, but not the extent of what we saw on the s p. The csi 300 index in positive territory, up. 3 . The pmi numbers, beating expectations. 50. 2 versus estimates of 50. 1. Talked about a possible stabilization of the chinese economy and exports may return. Lets flip the page. Take a look at where we are in currencies. It has been a dollar story. It has been down for three days, the dollar index down by. 1 . For thear, falling Third Straight session, falling to its lowest in almost six months. Gold has been a huge surprise, continues on the upside, climbing for three weeks, largely to dollar weakness and the gold index, silver could be playing catchup. Reminder, some markets are shut today and you have some truncated sessions in singapore, hong kong, as well. We are shut in the next 60 minutes or so. Happy hour comes early for you today. Here is where we were on friday. Big gains. We were flat yesterday and it
Today. Nasdaq inched up. 38 . Some of it is because all we ever do is look at stocks through the prism of the federal reserve. Every day we guessed what the fed will do and every day we make it harder and now that its almost upon us this discussion monopolizes it. We know employment has been strong. Theres no reason to keep shortterm Interest Rates too low. But its how companies are doing like mine. The amazing race would be the last thing you do. I cant name a Business Group doing better than it was six months ago. That is if you thought that Employment Matters all that much because employment wasnt as strong then as it has been in the last few months. They havent missed anything. If hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Not that hot. Thats not a technical term. Its a term that explains where the economy is right no
Ever do is look at stocks through the prism of the federal reserve. Every day we guessed what the fed will do and every day we make it harder and now that its almost upon us this discussion monopolizes it. We know employment has been strong. Theres no reason to keep shortterm Interest Rates too low. But its how companies are doing like mine. The amazing race would be the last thing you do. I cant name a Business Group doing better than it was six months ago. That is if you thought that Employment Matters all that much because employment wasnt as strong then as it has been in the last few months. They havent missed anything. If hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Thats not a technical term. Its a term that explains where the economy is right now. Thats where the confusion comes in. How can the cooling economy produc
Though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Not that hot. Thats not a technical term. Its a term that explains where the economy is right now. Thats where the confusion comes in. How can the cooling economy produce more jobs . The answer is simple. The businesses im looking at now will be laying off more people than theyre hiring at this pace. Thats why everyone is focused on the statement that the fed issues when it makes its decision. The fed is cognizant of the economy. That means its going to take its time until the next rate hike. That wont stop them from saying its going to be this week but it would take the next few months off the table for this parlor game which could cause the christmas relief rally from an oversold position beginning this wednesday afternoon. Why the markets seem to have disappointed them. The other explanation, the number of