Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Launch site for manned rockets. A Young American man who lost his sister in a tsunami four years ago, is starting a new life here in japan and taking on his sisters legacy. An aid to japanese minister abe shinzo has apologized. He says legal stability is not an issue in terms of how the constitution is interpreted. He withdrew his remarks and rejected calls to resign. I recognize that constitutionality and legal stability are secured in the proposed legislation. I deeply regret causing serious understanding. By using the expression that legal stability doesnt matter. He says he was called to an upper house security deliberating security bills. The legislation would expand the rules and allow japan to exercise right to selfdefense. He will continue do his utmost as an ad advisor to the Prime Minister. The security criminal of the ruling party says its important for government officials to give a full explanation. He says they tend to stress what they want to say and lack sufficient expl
Be brave. This is daybreak asia, live it from bloombergs u. S. And asian headquarters. I am yvonne man i am betty liu. Yvonne and i am yvonne man. It looks like we got a little bit more drama coming out of the u. S. China dialogue. It seems like the gloves came off in terms of the Trump Administration side. Have to wonder what happened behind closed doors. Would havehought we an action plan in the first 100 days. It was quite tense, both sides canceling their pressers. Will we go through with these tariffs . What is the relationship now between xi and trump . It seemed they were getting along swimmingly well at maralago. To have another golf outing to warm up relations again. [laughter] yvonne we thought this would be a very choreographed event, not too exciting, but we got more fireworks than expected. The pessimism in the markets, wall street, record after record we break. Asian markets, equity markets solidly in the green. Not the case in new zealand, lets take a look at the nzx 50,
It came after the construction of six new helipads were finished. The new helipads are racing safety concerns among nearby residents as the u. S. Military is planning to use them for Flight Training for osprey tilt rotor transport aircraft. An osprey ditched in Shallow Water off the coach of the prefecture, nago city, on december 13th. The government says the return will reduce the prefectures burden of hosting u. S. Military bases. It will hold a ceremony in nago on thursday to commemorate the return, but okinawa governor Takeshi Onaga said he will not attend the event out of opposition of the u. S. Military use of ospreys, he will instead attend a rally to protest the osprey accident to be held also in nago stay later in the day. Even after the handover of the training site, okinawa will still be hosting about 70 of all u. S. Military facilities in japan. Police in germany have launched a europewide manhunt, theyre looking for a tunisian man they now say is the main suspect in monday