Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t
Tom this is bloomberg and i am tom mackenzie. These are the stories that set your agenda. Asian shares fall in the fed has more reasons to delay cuts. The boj is set to hike rates for the First Time Since 2007 as traders i crucial data. Vladimir putin extends his rule in russia. We discussed that and what another term will mean. Lets check in on markets. Risk off. A second downside. Steamy prices and disconnect from cpi, pbi and dovish commentary from jay powell. Markets pricing in a full cut in july. European futures off by 1 10 of a percent. The ftse 100 is flat. Investors are adjusting to sticky inflation, setting up for negative session. A big day for japan, expecting a press conference from japan and an update on Wage Negotiations. Speculation increasing that the boj could go with its first hike since 2007. He saw the selloff across treasuries on the back of Producer Prices and a 10 basis move higher. The yen is in focus. Not a lot of movement but that could change. Copper is the
Markets have just come online. Grace we are getting down to asias Major Trading opens. The rally on wall street as traders look ahead to the latest inflation print for clues on where the fed reserve will go next. Quick satilla to assets. Bitcoin has tended to go for the first time in the debt after disappointing chinese demand. And President Biden lays out his budget plans as he gives out for reelection battle with donald trump. Lets look at the set up as we get into some trading here in australia. Looking for a pretty mixed opening across the region. A cautious session on wall street. And in inflation data. We are seeing pretty flat trading here in sydney. We are watching some of the commentary from the rba this morning. Talking about some of the caution. Quite a bit of caution across this area. Even across asia. Taking a look at the equity session. We did have the recession for australian stocks in a year ahead of the u. S. Cpi. That biggest loss all year potentially set to extend in
Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week you have had longer term yields really going higher, not much because of repricing what the fed is going to do, but just in general, a lot of dynamics pushing in that direct
Wildfires as they burn out of control in several regions, forcing thousands to flee their homes. We begin in israel, protests have erected across the country after the knesset approved changing the judicial system. Thousands have taken to the streets, blocking highways and clashing with police. The new measure blocks the power of the Supreme Courts to block measures it seems it deems unreasonable. Allies of Benjamin Netanyahu say this is important for democracy. We are not giving up chances for a broad agreement and i tell you it is possible. A coalition will contact the opposition to hold a dialogue. We are ready to discuss everything immediately and do it in a round of talks during the recess and reach a comprehensive agreement. If necessary, we will add more time until the end of november. It is more than enough time to reach an agreement on everything. We all agree that israel must remain a strong democracy. That it will continue to protect individual rights for everyone. That the