Kriti good morning and welcome to bloomberg daybreak europe. It is instead day. The central bank is set to pause for leave the door open for another hike as early as november. Fiveyear in 10year treasury yields are levels we have not seen since 2007. Inflation and focused on the side of the atlantic. In the u. K. The cpi is due in one hour and a 70 chance of a 25 basis point hike priced into the markets but some saying this might be the bank of englands last. Present zelensky blames russia for weaponizing food while cracks appear between ukraine and poland over wheat sports. We have top interviews from the uns General Assembly. Lets get a check on markets because we are in the central bank palooza. Futures are down 0. 1 percent. A laidback approach to what is going to be a fed day decision. Standing on the sidelines until we get more direction. The bigger story is the commodity market. Brent crude trading at just shy of 94 a barrel. We are going closer and closer to 100 a barrel. Today
Everybody. I am anna edwards. The oil price on the move again, retreating once again down by 1. 3 . Where we are on wti right now, down 1 on the brent price. We have a chart that was that into context, a big move looking at the blue line, that is the wti price. Is the upside, three weeks ago we were in a bear market on oil. A bull market returned on thursday, speculation mounting at that point as to whether opec would take action to boost prices. The focus on the attention is the data out of the u. S. Over the last 24 hours or so, u. S. Data showing oils of prices increasing, inventory the highest in 30 years as we come to that driving season. Keeping oil very much in the center and the overnight trading session in asia. With that in mind, let us bring up the risk radar. As we said in the headlines, retreat in the asian trading session. We have the biggest drop in threemarket stocks weeks but really the focus of the market around the united states, putting the dollar index in there, re
I’m a believer in the capitalist system – the “market economy” as economists prefer to call it. But governments should manage the economy for the benefit of the many, not the few.
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