Anna the collapse could be the industrys lehman moment. Welcome to the program. It is 5 00 in london and i am anna edwards. Anie and im angie lau. Welcome to bloomberg markets. You side, the u. S. Markets reacted to one fed governor sounding more hawkish on friday. From brainerd, who is a dove, ahead of this silent period. And she moved the markets as well. Anna the markets where primed to find out how dovish she would be. Will she stick to that script and she kind of did, didnt she . Some of that is wearing off in the Asian Session a little bit, isnt it . When we look at the u. S. Future picture, it looks a little bit less bright. So, lets listen to what brainerd had to say, talking about less urgency than others at the fed, and talking about the need for patience. The extent that the effect on inflation of further gradual tightening and labor Market Conditions is likely to be moderate and gradual, the case to tighten policy preemptively is less compelling. Anna making the case theref
His tightest range of the whole year. We actually thought low volume. A lot people are waiting for the jobless report tomorrow. Sawy the whole month, we it really come down, for the most since october. Over the whole month, the risk of the volatility really decreasing overall. It seems like quite a trend. Us to wrapping up the First Quarter of the year in what a quarter it was. I want to start your with the nasdaq in particular, because it started off the year falling below its moving average. But in february with the rest of the market, the green for the quarter, but none the less, it was quite a comeback. The dow and the s p also seeing a second straight quarterly gain. Lets be honest, overall, we really havent gone anywhere. Were still flat. Tracy we have in there and back again. It felt like a lot happened here. Alix it did. , andhappened with the s p then that rally . He stocks that led in decline were apple, amazon, baker of america and microsoft. Of the upside, the same stocks.
Also showing the rising stress levels as chinas big banks. No more mr. Nice guy, china no longer wants to portray the president as a populist hero. They will drop the nickname xi dada. You can follow me on twitter. Underway in 30 minutes time in hong kong. Shanghai getting going, as well. No trading in japan today. When it comes to equities, here is heidi. Japanese we are seeing continuing to take a beating. Down. Is is how japan is continuing to come under upside pressure. This is how we are looking at in terms of the markets that have just joined the trading day. Another down day. Similar losses when it comes to markets in kuala lumpur. Quarter gdp numbers missing the contraction of the 10th 7 , worse than expected. Of 1 , worse than expected. Kiwi markets up. Cindy flattening out. Ney flattening out. Search in crude prices overnight. Inventory continues to evolve. Upsaw asian currencies alongside that enormous surge in the yen yesterday. The new taiwan dollar reacting to that number
,anager is betting on beijing 2016 will be good for china and investors will be sorry they are not there. Do follow me on twitter rishaadtv, and dont forget to include trendingbusiness. China, hong kong markets underway in 30 minutes. Lets have a look at what is happening. The day after the fed, and asian markets are liking the sense of patients conveyed in that policy announcement. Snapping three days of declines for most of these markets, i continued rebound in crude oil as well as basic materials. Gains, the extending kiwi dollar surging since the fed left policy rates on hold. 225, ahead of the boj announcement. 56 expect some form of additional stimulus coming be furtherether that cuts into negative rates, etf of lying, or potentially negative rates for loans, which means lenders will be paid by the central bank to lend. ,traight times index up malaysia adding negativity to the regional look at the moment. Lets take a look at some earnings stock reactions. A 4. 4 decline in firstq
This morning the 20year note is back at a record yield at 24 basis points. 25 right now. If it is any consolation futures indicate we may actually have hit a floor today. Nikkei, chicago futures last i checked were up 195, 200 points above the actual index level at the moment. S p futures slashed to negative not by a lot. Elsewhere sharp drop in banks leading australian stocks lower. You put this together, it actually looks bullish, whats happening there. Now a reminder markets in china, hong kong, singapore, malaysia, vietnam. And thailand are actually shut which means this one market opens this hour, india, and judging by the futures can we 710, 81, ended up, yeah, flat, just negative open there for the market in india which opened up toward the latter part of the hour. But of course the big story nikkei 225 and whats happening or not happening today. Big move there. The japanese government says it is ready to act if the yen world beating rally continues. This comes as the u. S. Adds