I am anna edwards. Lets get you the latest on what is happening with the greek story. Lets show you what has been happening on the euro. This is the euro against the dollar. We have seen the rhetoric continuing on both sides. Mario draghi says ball is in greece escort. The finance ministers are planning a Conference Call today ahead of that meeting on thursday. That is something to watch out for. That was surrounding a story in germany that suggested the eurozone ministers are getting closer to coming up with some sort of emergency plan for any grexit situation. As you can see the euro bounced and we are at the 112 mark. That takes us to our twitter question. In terms of following the great twitter story, who should make the next move to resolve the greek crisis . Lets recap the u. S. Markets. European markets were week as a result of the greek news flow and that fit into the u. S. Session. We had manufacturing data out of the u. S. Which missed estimates. We had two days of fed meetin
Status. Officials on both sides seem to be losing patience. The ball in greeces court but they want to throw it back at their creditors. No end to this debt debacle. Foreign currency volatility. A sudden spike in the euro. We are trading higher on zero point 3 . A similar dip in the dollar index. 0. 3 . In fact, the swings between the euro and the dollar between this hair is the high pair is the highest since 2011. Volatility is present. Bearish. Bets against the euro are pretty low. Many believe it will be done with greece. The market is positioning with a deal. The Hedge Fund Speculators have been cutting their bets the euro will fall. A little bit of an issue. The dollar will be moving today on the fact without Monetary Policy committee comments together, the Federal Reserve will start debating Monetary Policy in the u. S. Could there be any hit by jenny yellen will see rate rises later this year . Most bets on september. The bond market, a move to the haven into germany. Borrowing
Im nejra cehic. Still seeing a little reaction from the fomc meeting. Ive got the stoxx 600. We were seeing stronger gains. It softened a little bit. We are still up 0. 2 . Stronger dollar against most major peers. Bloomberg dollar index up 0. 1 . It did gain more than that in yesterdays session. The 10year yield rising two basis points. We are at 2. 27 . Pretty steady right now. Also keeping an eye on crude oil. We are a little lower in todays session. 50. 52 dollars a barrel. Weve also got breaking news for you. Leaving its key rate unchanged at 0. 5 . Lets get the bloomberg first word news. Sebastian the bank of japan kept its monetary stimulus unchanged, but a dovish board member opposes the decision. He argued there was little chance of reaching the banks inflation target and the effects of the current yield curve program werent strong enough. That was an unexpected dissension on a board chosen by Prime Minister shinzo abe. The u. S. Secretary of state has told european allies the
Just under 30 minutes to the close. I wouldnt equities in a second. I want to look at sterling volatility. We have seen the pound spiking after in pc member said after mbc members that he could vote for a rate increase as early as this month. Sterling set for the biggest decline in a week. Usually on the mpc. Dovish side of the you can see it rising at the end of the chart, hitting a ties level since april. Action at gilt, more on the front end. We have seen the front end of the twoyear get yield rising eight basis points with a 10 year yield rising for basis points. Here i have shown the curve of two verses 10, you can see the flattening off. It is certainly at its flattest level of the year since november. We will talk about the gilt Market Reaction in a moment. Talking that equities with the close coming in 30 minutes. We are seeing losses on the stoxx 600. This is the second day of decline for the stoxx 600. In fact, the stoxx 600 headed for the biggest twoday drop in a month. Most
Concern over the greek debt crisis. We are seeing a go for safety in the bond markets. We are seeing money moving into japan and germany. Meanwhile, money coming out of italy and spain. Is it because we saw an injection of supply into the markets yesterday. Money coming out of spain. Interesting the desk interestingly though, greek has started coming down again. Still, not a sudden run for the asks it sudden run for the exit. But is have a look at the s p market. Not one of them is more expensive than the ferrari. They make seats for the airplanes. The delays continue. They have been hit by strikes. Jpmorgan saying look the french are opening a criminal investigation into the crash and the french alps. With tons of says they do not know anything about it. Jonathan the dax off let us get out to asia. Sherry, a volatile week. Shery asian stocks rebounding. These last days erasing the kleins. Still on a erasing the kleindeclines. Stocks ending the week lower by 2 10 of a percent. Leaving