A slight amount less than 1 . Yields up by one basis point. Sterling here, weaker you take retail sales, lower on the day. He wants a little risk off bid. Gold, the to look at one to watch. David its time now for the northern morning brief. Outeds claims will be 8 30 this morning eastern time. 9 30, eu leaders will meet in brussels and discussed illegal immigration and taxing digital companies. President trump will injured interview janet yellen, on whether she gets another term. If this resonates i was thinking the same thing. It would seem like, what why do want this job . [laughter] rates . Ou like low do you like deregulation . [laughter] are so your most recent speech, i heard you dont. [laughter] i think it reps up from there. What do you mean, most recent speech . Like, forget it, im out. Heading to spend for the latest, the president the government has announced they moving forward the process of this suspending the government, after the president refused to drop his claims. Jo
The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key
This is bloomberg surveillance. Francine lacqua in london. They are leaving their key rate unchanged at 0. 5 . This is also interesting because they believe the forecast is little changed since march. We are keeping an eye on this. We were expecting a little bit of news. Nina region the more krone lower. We will ask him about veterinary chart. It is currently at 9404. You can see yen climbing once again. Goal climbing because we are seeing oil. It is the second day that oil is languishing in the bear market. Gene keady can see the stoxx 600 down 0. 4 . Now, the chief Investment Officer and partner at London Capital group. Theme kick off with the on norwegian krone there was some concern that the precipitous drop in oil prices, the fact that norwegian inflation is well below their target, could potentially make some more cautious in their outlook. The headlines are suggesting they cant their outlook little changed. There were some in the market betting on more dovish outcomes. These are
Basis points. The sale is not escape in the u. S. He vix, 6 the fed warning about assetg bubbles. Gold pretty much flat. David President Trump addresses the people of poland in Krasinski Square. Then he will leave for germany for the g20 meetings. Adp Employment Data pointing towards the friday payroll data for the United States. 15 minutes after that, a national jobless claims for may. The fed governor jerome paul will speak about post Housing Finance reform. Said vice chair Stanley Fischer speaks on government policy and Labor Productivity in massachusetts at 7 30 p. M. Eastern. Alix it is good to see you. Split on the timing of the Balance Sheet unwinding on inflation but agreeing over concerns of asset bubbles. Some suggest increasing risk tolerance might be contributing to elevating asset prices broadly. The market volatility coupled with a low equity premium could lead to a buildup of risk to Financial Stability. Noining us is the morgan i want to start with you. Are we assuming
Yellen testimony, this time to Banking Committee. At 11 00, the u. S. Congressional Budget Office will announce the fiscal year 2018 urgent in washington. President trump will hold a joint News Conference with president macron in paris. Jonathan from talk to dove. Hawk to dove. Committeden we are to obtaining our 2 objective and are aware for a number of years we have been running under that and recognize there are dangers that would be associated with persistent undershoots of our inflation objective. It is 2 is not a ceiling, it is a metric objective. The msci old country index and douse it at record highs. The stoxx 600 following the best day in 11 weeks. The bloomberg dollar index falling to the lowest in 10 months and bond yields a grind flour. Joining us in new york is Jeff Rosenberg the chief income. Trategist at blackrock what did we learn yesterday from chair yellen that we didnt know the day before . That the market was expecting her to shift her tone. The bond markets partic