Improve the quality of both monetary and fiscal policies and in particular the public understanding of them. Under the under the very able leadership of david wessel, weve worked to promote analytical rigor but also to make complex questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bott
President. Dont miss it. Manus warm welcome to daybreak europe. Times we have rocked from 1 up to 1 down. Its amazing how those numbers come alive. Is there a deal on the way . Between china and the u. S. Nejra if we get a partial deal, how long could that sustain any gains we might get in risk assets . Would it be enough to turn around the economic damage that has already been done . Manus indeed. Lets get straight to these markets. Lets get straight to the oil market. Actually, lets get to the fx market instead. One theof the yuan is at a high. The bears were champing at the bit to sell the currency. If there is a currency pact , thatn the u. S. And china could give you some solidification in dollar yuan. At the bottom of your screen, you have the aussie dollar against the u. S. Dollar against ground zero for trade. It is about the durability of the deal. How long can it stay . If it does, it may well help the aussie. Good morning. I missed you. Nejra it has been such a while. 10 day
Nejra welcome to bloomberg surveillance. Francine lacqua is in helsinki at the nordic business form. First, lets check in on the markets. European equities turning negative of the stoxx 600. The 10 year yield moves lower after jumping ive basis points yesterday. So a little bit of risk off in terms of equities and yield. But the weaker dollar suggests there might still be optimism out there. Conflicting headlines ahead of the trade talks. Francine lacqua is at the Nordic Business Forum. Do not miss her interview with the ceo and founder of zuckerberg media. Thats coming up just after 9 30 a. M. And later, francine will speak to finlands economic minister just after 9 45 a. M. U. K. Time. Lets get first word news. To force kurdish militants away from the region, turkey has launched a military incursion into syria. Four years them and kara for ankara has fought and says it will not allow the kurdish protostate on the border. When asked what President Trump would do if turkey wiped out th
Good. The uncertainty around the talks casts new doubt on growth. Robert kaplan says he is not sure the u. S. Economy can severe downturn. They see a power play to a new brexit deal. Gilts shery jump. Shery lets get you gilts jump. Gaining. 25futures percent after positive comments coming from President Trump on trade talks between the u. S. And china. Themism was already felt in regular session with the s p 500 closing. 6 higher. We had banks and automakers leading the gains. It did not hurt that we got u. S. Cpi members below expectations this morning, doing little to discourage Market Expectations that we could be more fed easing. The best performer on the markets today was the Energy Sector as we had wti rebounding from a two month low, gaining the most in three weeks after the secretarygeneral came out and said its members and allies, including russia, would do whatever it takes to avoid another oil slump. Lets see how markets are trading in asia. Sophie australian markets are ope
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And