Boom Bust: Katusa likes Gold, Uber flames out in China
The top story: PMI data for China mixed as US data slips. Meanwhile, NY Fed’s Bill Dudley says rate hikes could come faster than the market expects. Ameera David has details. Afterwards, Boom Bust’s Bianca Facchinei reports on the 40,000 rally to back Erdogan in Cologne, Germany amid counter-protests and Turkey’s backing away from the EU migrant deal. Then, RT Correspondent Brigida Santos details how Uber just suffered its largest setback and has been forced to sell its business in China to a rival company.
After the break, Ameera talks to Katusa Research Chairman Marin Katusa about how gold and oil seem to be moving in opposite directions. And in the Big Deal, Ameera and Edward Harrison discuss why mixed economic data is being met with new year highs in global equities.