The outperformance versus small caps. More than 1 on the day. You have the russell 2000 above its 100 day moving average. That 1600 level, very important. What really stands out, the russell 2000, at about levels seen this time last year during all that volatility. The rising rsi and bullish momentum is suggesting we could see the russell 2000 in the near term climb again to that 1600 level. Should that happen, we will see whether the resistance can be broken through. I am looking at the yield curve. The threemonth 10 year is steepening. It is positive for a fifth straight session. You can see how it folds into the banks. There is commentary that says profitability they can be profitable in a flat or inverted yield curve. It does not cause a recession because it discourages bank lending. Instead, Interest Rates versus the shape of the yield curve is what matters to lenders. We can see big gains from the big financials. Morgan stanley leading the gains of 1. 5 . Up ing revenue is going
Markets, ftother markets catching a bit on both sides of the atlantic. Hong kong factor, brexit a factor as well. Stoxx 600 up. The bull market selloff is across europe. Sellingan tenyear also off, moving by around four basis points. After the massive move to the downside yesterday, brent bouncing back. Vonnie were going to be following that. The vote is supposed to begin in about three hours time. In the u. S. , we have markets taking their cue a little from the fact that carrie lam has withdrawn the extradition bill in hong kong and a little bit from the fact were not getting too many negative headlights on trade. Just in general, moving toward insurgency in europe. Equity indices in europe and around theequity indices in eurd around the world higher. The 10 year yield, 1. 47. Money going into treasuries. The canadian is interesting because the bank of canada did nothing. They held fast, in fact. It means the bank of canada is the one bank that is really holding fast. The Canadian Do
Sometimes i am but im still nothing when that happens thanks deep into the german culture of looking at the stereotypes of the classics sitting here thinking future of the country that i now i am. Pm needed to rethink this drama. Its all about a new i might show join me to meet the gentleman from d. W. Post. South africas reserve bank has left Interest Rates im sorry but the decision to keep things as they are has not been welcomed by everyone. While he launches what could be the worlds smartest 5 g. Phone in munichs today but it still doesnt have a fighting chance on the market without access to talk about apps like google. This is business africa. South africas reserve Bank Monetary policy committee has left the repo rate the rate at which it lends back to other banks at 6. 5 percent Central Banks governor said the decision was unanimous the Federal Reserve also left its benchmark Interest Rate of 6. 5 percent citing the recent u. S. Fed decision it says Central Banks in advanced eco
At any time kind of homey place the names. You have i dont like the full song to sing along to you see this to come from soup but a. Song for the. Interactive exercises. Like everything is online and interactive benjamin to frame 50 w. A global trend to cut Interest Rates catches on south africas central bank is next to Lower Borrowing costs to bolster the economy and bring relief to a shrinking middle class. Up much of a catch overfishing and Climate Change sap lake malawi vital source of food for the region. And fin tech successful fight for funding a building based Online Bank Account is germanys highest value stuff. For us all and thats to business south africas economy is contracting so is its middle class that could cause tension. The south African Reserve bank has cut Interest Rates from 6. 00 and 3. 00 quarters to 6 and a half percent it joins a string of Central Banks across of merging markets that are producing borrowing costs global risks are high and domestic demand in sout
This is bloomberg surveillance alongside Lisa Abramowicz and annmarie hordern. The two of the issues under the Global Economy right now, right here in washington, d. C. The sustainability of the deficit in the u. S. And mr. Risch toward industrial policy. Front and center. Every conversation you have read outcome all roads lead back to that. Lisa especially given that it seems to be sovereign debt that is able to issue, not necessarily corporate debt when you talk about geopolitics and china and the u. S. , it will be fascinating to see how that is filled with given china is a member of the imf and is trying to create a Global Coalition. What is a Global Coalition look like in a fractured world . Jonathan it is the United States and japan, the United States and korea, the United States and malaysia. Malaysia stepping into the effects market. Japan and south korea turning to do the same. What you saw with yesterday is interesting. A meeting between secretary on, japanese, and south kore