Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have
Better than unemployment read as well. Lets have a look at some of the movers out there. It just shows that things are being priced in. The 10 year yield is pretty much unchanged. One move up on basis point. 10 year yields. An eye on what the bank of japan will say in a few hours time. Could be in an hourm could be this hour hour, could be this hour. No changes expected in that bank buyback program. It could go more into negative territory. Another Interest Rate decision is coming out of indonesia. Most people suggesting that we may see a cut. There is another body. It is a minority and they may stay after three Interest Rate cuts in a row. The indonesian rupiah has a dollars worth 14,090 in indonesian rupiahs. The bank of england a bit later. They are expected to state here. Stay here. Bloombergs u. S. Dollar index, we had some gains after the fed moved. E are holding on to those just up by a fraction. Ons look at what is going market wise. Have a look at some of those first word news
Of magnitude being reflected in other Asset Classes area we are seeing some pressure in the apprentice and the british pound. Boris johnson skipped an outdoor conference. Was notrg decided it going to happen and the Prime Minister delivered a press conference with an unmanned podium next to him. Boris johnson was meant to be there but wasnt. The pound down. 7 . Vonnie there is the potential to have market moving ripples. , 61 ait in crude oil barrel. More than 11 . S p 500 dipped below 3000. One third of a percent lower now. Oil companies and American Airlines. The 10 year yield was 185 and not going lower. The dollar is beginning to strengthen. Moving in the direction of not usually amplified by the oil story. Guy the story is the story today. Lets get more insight on the attacks on saudi arabia and where we go from here. Joining us from london is neil brown, and here with me in the studio is the global head of xbox of fx strategy. Would it be possible for the rebels to have launched
Across the curve in the u. S. We also have some powerful services in europe, bunds one of the biggest underperformers, yields higher. We also have jpmorgan and we are getting some headlines that i wanted to highlight, net to 55t income of 54 billion. They are also targeting, if you take a look at the pretax income compared with 40 in the last year. David it looks pretty good. And that return on tangible capital, we are all projecting broad numbers. Alix and we see them benefit from tax reform. David and in the meantime, discover communications came out with their earnings, 636thquarter adjusted is over the projected 612. , so it Beat Estimates looks like they are having it good day. Alix yes, indeed. They are also looking for some doj clearance and are looking for that information. David it is now time for the morning brief. Jpmorgans investor day begins with remarks from the ceo, no doubt about the things we just talked about. Also 8 00, macys will release earnings. And then we will g
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band