Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
Bond purchases in Something Like 88 months. The ecb can buy up to 1 3 of the countrys debt. In the u. S. , still about 3000 on the s p. Yields being moved higher by yields in europe. Crude down 2. 6 . The renminbi is being whipsawed a little bit as well. We were down to 7. 05 and change a bit ago, and now back up to 7. 07. Ecb president mario draghi spoke after the rate and policy decision today. Here are some of his thoughts from the news conference. Mr. Draghi the risks surrounding the euro area Growth Outlook remain tilted to the downside. We still think the probability of recession for the euro area is small, but it has gone up in view of the weakening Economic Outlook and the continued prominence of downside risk. Governments with fiscal space should act in an effective and timely manner. We have a mandate. We pursue price stability, and we dont target exchange rates, period. Vonnie this was the big final one for mario draghi. He has another press conference in october, but this w
What we are seeing now. Nejra wework has issues to work through on its way to an ipo. Investors did not like it. Nejra saudi arabia puts the prince in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market. Nejra Morgan Stanley ceo speaks frankly about the fed. Ive supported the latest federated cut and i suspect they will do one or two more. But then it is time for a pause. Nejra Asset Managers apply unconventional wisdom to a changing financial environment. Investment grade Corporate Bonds are an asset class that provides foreign risk than return. I think it is plain to see that bonds are not a safe place to be. You have 17 trillion treasures at negative returns which is crazy. Nejra it is all straight ahead on bloomberg best. Hello and welcome. Im nejra che pitch. This is bloomberg best. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to
Investors did not like it. The printsabia puts in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market for. The market. [inaudible] i suspect they will do one or two more, but then it is time for a pause. On conventional wisdom to a changing financial environment. Assetporate bonds are an class that provide more risk than return to red bonds are not a safe place to be dreaded traded e to be place to be traded place to be. It is all ahead on bloomberg best. Hello and welcome. This is bloomberg best. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to his do or die brexit plan and parliament came together in opposition. The British Parliament is about to suspend its operations for a month at the request of force johnson and the order of the queen, but not before an act of legislation barring the Prime Minister from leaving the European Union
Out this new silk road. Whats the environment like in hong kong with the overhang of andchina trade war, the political unrest that led to a lot of demonstration in the last couple of weeks . Can carrie lam shift the focus and gain more confidence among the investing committee as well as government officials. Here more than 5000 expected in the next day or so. We have a lot of guest. Lona ng and simon loong are joining us this hour. They try to build smart cities around southeast asia. Talking about the opportunities for the also simon loong joining us in the 11 00 hour. Talk about fintech, commercial banks and the like. Rishaad lets find out what is going on market wise. The position we find ourselves in overall. Looking at the nikkei up half of 1 . Someang seng seeing positivity, asian stocks hedging higher and higher at the moment. We did have that late rally among u. S. Counterparts. Japan, south korea in hong kong. Chinese stocks under pressure over there. S p futures slipping back