Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart
Giant announces an updated product line. Welcome to bloomberg daybreak europe. Good to be back ahead of the most important ecb meeting of the year. Trade ineing a risk on asia, green on the screen for the msci asianpacific index. We have a tweet from the global times talking about china putting measures to mitigate the trade war giving lift to risk assets. We see Sweet Nothings on the s p on a headline level. What has been going on beneath the surface for sector and factor rotation moving from more growth to value. Looking flatres, so another day of perhaps not much to do on the headline level. The big moves have been in bond yields. Jumps into year and 10year. Hitting its highest since august 5, down a touch today but sitting on 1. 66 handle. Great to see you and great to be back. Manus yes, indeed. Yields just off the onemonth high. We will talk about what james gorman had to say. To show the oil market because what has gone on is john out. N, this was the biggest pricing dislocation
In london, Boris Johnsons plans to suspend parliament stoked no deal fears. Manus warm welcome to the show. There is only one thing that really drives the bond market, and that is trade and trade angst. If you look at the balance of scales of justice, in the past 24 hours, it comes down to mnuchin trying to steepen the curve and navarro keeping it real. There is not going to be anything likely quickly on trade , therefore we are flat. Nejra you certainly feel that pressure on the yield, hitting a record low. That is something that has caught our attention today, and i know its what you kicked off your data check with as well. Manus indeed. It is the white house really trying to have a go at controlling the yield curve . Thats what we need to ask. The 30 yield bond curve has spiked on the back of mnuchin talking about 100 year paper. The bottom line for the market as the tradings prevails, looking at dollar yuan, is anybody listening . Thats what we need to ask about dollar yuan. Yester
Boris johnsons plan to suspend parliament pits the critical legislature. Fears of no deal rise on the continent. Obviously, the no deal scenario is today the most likely scenario for the u. K. Anna Giuseppe Conte second chance. The democrats and fivestar seek to avoid a snap election. Stocks are trading lower and treasury yields a slight ahead of a final reading of u. S. Gdp today. Dalyting fed a member mary says markets may be talking themselves into a recession. All of these moves will actually get ahead of the data and could become a selffulfilling prophecy, one that actually makes it harder for us to sustain the expansion and achieve our goals. A halfe are less than hour away from the start of european trading. Take a look at gold, touching a new sixyear high today. We have not singled this high since april of 2013. 46 an now trading for 15. Ounce. We see futures down. It could be a risk off session as we see traders run for the safety of the precious metal, the japanese yen, u. S.
Trumps only regret is not raising tariffs higher. Amid calls for calm escalation. Pricing in more pain. Stocks take a hit across the world. 10 year treasury yields fall to the lowest since 2016. In violent weekend in hong kong seeing equities on a slide the most this year. Watch for luxury stocks at the european open. Matt thank goodness you are back. So good to see you, even if it is via satellite. Pictureing at a 30 day of treasury yields. You can see starting on friday when the trade war was escalating, the chinese put tariffs on 75 billion dollars worth of goods and donald trump came back with more. We saw investors run to treasuries, buying the paper and pushing the yield down. Far away from the one spot 31 eight, which is the alltime low. Take a look at futures. You are not trading in great britain. You have a bank holiday for no reason at all. Just a bank holiday. You do see everywhere else, futures down. Cac futures down. What do you see on the gmm . Anna a pleasure to be back.