Daybreak europe, our flagship morning show right here in the city of london. I am manus cranny. Matt i am matt miller here in the german capital, berlin. Manus good to have you with me. We are in that risk off mode. We decided yesterday we looked at the euroyen, we are looking at the dollaryen and this is where the trump frederick is stoking the heaven haven buying process. We are up by 1. 45 . ,f you want to pull this up 77. 34. The currency use moves, the kiwi is taking the brunt. Trump going on the fox business a network saying there is powerful armada. I we overdone, are we overreaching in terms of the end because one big move in this theater piece in russia could change the direction of the russia and u. S. Relationship. The 200 Day Moving Average at a fibonacci level of 107. 87. Even kuroda stepped in this morning. D in the endervene and does nothing. Matt speaking of headlines i am saying one come across right now from xo noble that it will consider a proposal to hold an egm in
Dude. Llo to the 5 a. M. In london. The latest in dubai. Here in hong kong, a look right now, very quickly. Of, equities are offered the dollar on the back foot. Very green. The other big story is yields going back. Japanese 10 year minus two. Right at the zero level where that onceth him and it to be. Flossing in terms of those assets. Crude isnt in focus crude is in focus. The highest level in almost a year. Also in terms of what is happening with gold, that has been extending the highest level in some month. If you look at what is happening with south africa, saw some gains of 2 . Very interesting play and cover under pressure. The metals complex, threemonth low on wednesday. Uncertainty on where the donald trump will affect supply. This was a state of play with the benchmark. A strong start in the earnings season. Stocks, energy doing well. Foreigners are the course of five days, of 370 . A lot happening in the market. Lets get you up to date. Sophie hey dude. Earlier,from a year s
Good mornings. Warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema mody. Good morning to you. Great to have you with us. Lets get straight to the Global Market action. A lot of news to break down. U. S. Futures are pointing to a higher open, this after stocks did close lower in yesterdays trade. Geopolitical worries casting a shadow over stocks. We did see bonds rally. The cbo volatility index hitting the highest level since november, thats before the election. As you can see, dow jones up about 25 points. Nasdaq indicating a higher open by. Bo 8. Yields picking tier yesterday, off slightly, just off 2. 3 , yielding 2. 29. I think the big takeaway this week is twe could expected biggr declines in the market, we didnt get it, so resilience. Some data out of asia. Chinas consumers prices rose 0. 9 , slightly below forecast. The Producer Price index rose 0. 3 , month over month. In general, all of that data was in line. We have seen japan and shanghai decline today. Jap
T overnight in asia, it was a mixed session. Japan was lower, maybe due to strength in the yen it was off by 1 . The hang seng higher by 1 . South korea was higher as well. Europe positive as well, but not by much. Look at crude oil, wti, i just saw 52 53. 71. Higher by a half percent. Brent at 56. 65, nat dgas above bucks. Here. Heres whats going on this morning. Gold prices jumped more than 1. 5 during yesterdays session, bringing the yeartodate gain above 10 . Look at this hour right now. Well show you whats going on. You know, its up. It continues to rise. Looks like its close to a oneyear high. Continues to speak to whats happening. Thats also on the concerns of tenyear treasury, moving back below 2. 30. Gold tends to perform well in a deflationary environment. Which most investors dont understand. I dont understand that, but its supposed to be an inflation hedge. Its the reserve currency in a deflating world. I think the big story is oil. Oil saved the s p over the last couple of
The murdoch house didvided abou what to do over bill oreilly. The latest developments on this one. Power launches right now. Welcome to power lunch. Im michelle carusocabrera. As we speak secretary of state Rex Tillerson meeting with Vladimir Putin about what to do with syria. Falling below 50 day moving averages. Check out the regional banks. They are down by 20 on average. Im melissa lee. Here is what else cutting 100 jobs. Ecommerce strategy, samsung delaying the launch of apple siri. And new data showing u. S. Crude Oil Inventories are, in fact, falling. A lot going on. President trump meeting with the secretarygeneral of nato as diplomatic tensions rise with russia. Kayla tausche is live at the white house. Hi, melissa. Those two leaders will be meeting in person. They shared a phone call during which the white house said the president expressed his support. National Security Officials say that that will be expressed again today. Here are some of the other issues expected to come