Opportunities. The yuan went through seven offshore for the first time in a long time overnight. This, of course, a concerted effort to put pressure on the u. S. Rollback of tariffs, in which case president xi would travel to the u. S. To sign phase one of a deal, or so we are led to believe. Down. The lockup is expiring tomorrow. Some are seeing a net negative, and could be a little but of profittaking. Guy european stocks fading as well, now only up a little bit. It was a decent rally earlier on, but certainly fading, noun by 0. 1 . The euro continues to languish, 1. 1075. Why hasnt it rallied more over the last month . The rand continues to make gains as well. Didnt get a downgrade friday. We will go live to janice berg later in the program to johannesburg later in the program. Reaffirmsxi jinping that his country would open itself up to trade even further. Here to discuss all of this, jane foley, rabobank head of fx strategy. The trade rally has had a big impact on assets. Do you t
Past 9 00 a. M. , we are an hour away from the open of asias first major market and the start of a new trading week. It is just past 6 00 in new york. Weekend for Central Bank Policy makers the world. I spent the last three or four days in new york. It is kind of like a monetary rock festival. The final act, the g 30 this weeing in new york, the hours in hong kong. We had janet yellen, kuroda, it was amazing. Yes, sort of like coachella for nerds. It is interesting. This kind of mantra of saying we are going to get tightening and we are on track, and yellen and draghi are saying inflation will pick up next year. Have we all been underestimating it . There you go. We will get into this quite a bit through the show, and including the inflation number , a little bit of a sour note but ignored for now. Trying to say quickly, stocks close higher across the border, across the board, bonds rallied after the cpi came in weaker. You can see s p up two points, the dow up about 1 10, the nasdaq g
Rishaad indeed we should get some feelings on what is going on with the chinese economy, factory gate prices, cpi as well. Lets look at this breakdown. Negativears of industrial gate numbers, exemplified by this yellow line, then suddenly september last year, we went positive. Expecting 6. 4 . ,hat has been lifting inflation something seen as inflation to come in the pipeline for the cpi, the turquoise line. All against the backdrop of some dictating inflation or core prices in china, that is food inflation. It has gone into deflationary territory. That was september. The is all to be digested, and all of that ahead of the 19th Party Congress taking place in beijing. Singapore, taiwan, and malaysia have come online. Lets have a look at what has happened so far. Another good day for the nikkei. Sophie gaining. 9 percent, rising for a 10th straight session, building on 1996 highs in a key election week in japan on sunday. The stock rally in asia continues, higher for a seventh session. S
Welcome to squawk alley for a tuesday morning. With john forte and Kayla Tausche this morning, dow, s p and nasdaq all trading in record territory, dow inching closer to 20,000. Starting to ask questions about whether it will bring about some selling. Looking for about a twoweek pull back in the wake of a fed meeting. Well see. The rest of the week will be interesting. For sure. Best s p factor today, dragging behind the rest of the postelection rally. Interesting to see it join the bunch today. Nasdaq hitting a new record early this morning. Nfib Small Business confidence soaring after the election, which a lot of investors are parsing through today. Bill gates seems to think that stocks are a little expensive. He knows a thing or two about finance. Going to get more from him in this show. He spoke to our becky quick earlier this morning. Nike, of course, the dows biggest laggard of the year is today the Top Performing dow component. Well see how long that dynamic lasts. Meanwhile, ne
I dont now. If anyone in my family or anybody you know where shopping this year it sure sounds like it were at nike. They killed it yesterday. Lets start with the first word. Vonnie thank you so much, human Rights Groups russia could be guilty of more crimes in syria. They are dropping unguided weapons on densely populated areas. The group says hundreds of civilians have been killed. Government troops are fighting Islamic State forces. He was spokesperson says and a rocky victory is inevitable but once the greg or easy. American drivers up at 1. 6 billion back into their wallets during the holidays this year and it is all thanks to cheap gas. Prices are under two dollars a gallon. Bloomberg newss power 24 hours a day in more than 150 markets around the world. Firste a look at off futures. Up across the board. Back again back to sticking off the week. Could this be day three . 0. 2 . Ht now dow jones up about a third of one percent. Upe a look right now at wti, for a third day. Big gain