Lets get a check on these markets. We are waiting for shinzo abe to make the press conference this morning. Following that news we did see the dollar dropped against the japanese yen. We have pictures of shinzo abe at the podium in tokyo. He is stepping down two to Health Concerns due to Health Concerns. He is japans longest serving Prime Minister and will make these remarks this morning about why he is doing so. He is leading ahead of its term set to expire in september 2021. The Big Questions are abenomics and what it means for japans economy, quantitative easing, stimulus and structural reforms. Freaky arrows of his economic plan, many are saying the Silver Lining is the boj under kuroda will continue, and that will support the economy. He is taking the stand now. The boj plans to keep current pace in september. Lets listen to what shinzo abe has to say. We have been fighting against an invisible enemy. We tried to minimize the infection as much as possible. We tried to avoid sympto
Around 0. 4 . Take a look at what is happening in the rates market. 1. 74 year yield on the 10 year. That steepening we started to get off of the fed meeting yesterday on the twos and tens continues. Still seeing some flattening and other areas of the curve right now, but you are getting some good news here. , holding aboveed the 1500 an ounce level for the second day in a row. Thank stocks over in europe are leading the charge bank stocks over in europe are leading the charge, not quite leading the charge here. Rising,bank index seeing a lot of strength despite the expectations with regard to fed rates here. A lot of folks saying things wont turn out as bad. Maybe a little bit of flight back into financials. Central bank is absently front and central, so waiting to see the impact of the feds second straight rate cut and all of those other Monetary Policy decisions weve had around the world. Weve been watching every thing from indonesia to switzerland to the bank of england. A whole ra
It is a bank holiday. A lot of the data in the u. K. Closed. The ftse is not trading today. I still want to give you a quick snapshot of whats happening across europe without the ftse 100. It is down some 0. 4 . Dollareuro is the one im keeping an eye on for the week. Maria draghi, the ecb president , refrained from talking down the euro. This is what im looking at. Im looking at dollar. Kuroda,peak to governor a fantastic interview by Kathleen Hays. Crude oil, 47. 43. We are seeing a Little Movement for gasoline prices. It could also impact the oil prices. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , houston is battling unprecedented rainfall following the biggest storm in the history of texas. The down for has crippled the core of the u. S. Energy industry. Gasoline has surged to the highest in two years. The president of the cleveland fed urged her colleagues to look past recent inflation data and stick to their gradual pace of lifting Interest
Win sunday. That would be a show of support for his attempts to revive a slumbering economy. Kathleen i am Kathleen Hays in new york where it is just past 7 00 p. M. Thursday. Treasuries rose and the dollar fell on reports President Trump is leaning toward Jerome Powell to be this the head of the fed. Yvonne it is looking to be more like an easy win for shinzo abe on this sunday election. The latest poll we saw, the Ruling Coalition said to have the best election outcome in decades. More than 31 years. That was facing opposition in disarray. The party had was losing hopes in the past couple weeks. Kathleen i guess that is one reason donald trump wanted to make sure everybody knew he would get this fed chair selected before he takes that very important trip to asia. He will have a lot of important business to attend to. The way the polls are looking, it looks like congratulations to abe on a victory. The question will be, what kind of momentum and support this to continueminister with m
Where did the time go . We recap the last decade. This is daybreak asia, live from u. S. And asian headquarters. Betty i am betty liu in new york, it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. When itte dance we see comes to communications. We saw a little choreography over many different reasons. You have yellen, mark carney, the bank of canada, all signaling rate hikes are coming. Take a look at market moves on my bloomberg terminal. Doing damage control after the many taper tantrum tuesday. Markets not buying it. On the move, but not recovering the strike in yields. The euro taking a dip. We have the pound and the loony surging. Betty global tightening is just around the corner. Not more than three months ago we were talking about, what about the reflation trade . It seems it is losing momentum. Here we are, all sparked by these comments from the Central Banks. When will theis, markets be convinced and how long will that last . Yv