Short of some forecasts while saudi and russia call for compliance. Effective compliance is vital if we are to secure the hard won stability and restore confidence in the effectiveness of the entire group. Travel turbulence france reportedly prepares to unveil a 10 billion euro rescue package while three British Airlines launch a legal challenge against the governments quarantine measures and astrazeneca will not comment on speculation after reports sugge suggest considering a mass i have tie up in u. S. Rifle gilead a very warm welcome to street signs everybody. Happy monday were about an hour into the session and a little bit of retreat mode trading down by. 7 and lets put this into context. Were coming off of a very strong week last week. We saw gains across the board here in europe but not to the same extent up about 6. 7 its fair to say the main event last week in terms of data was the remarkable jobs report that came through theyre pointing to misclassification of workers in the
The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor
Yesterday. Today. Lls not deterred keep an eye on the bank stocks. We saw them significantly higher yesterday, getting a little bit about bid today despite a lot of the expectations for additional fed rate cuts. Definitely a big factor in what we are seeing in the markets on the u. S. Side. Guy thank you. Front and center in europe today, stoxx 600 up. The banks execs is up. Theres a whole lot of factors. We have seen the ecb and the market with another trove being kicked out. Extra liquidity going into the Banking Sector of the ecb. The takeup was not as big as anticipated. Yet the general rate policy story that is a factor as well. All of that contributing to a big bout of european banks, peripherally particularly peripheral banks. The other story is Credit Suisse will be charging rick clients to have a bank account, rich client staff a bank account, basically. More stories coming out of the gulf. Romaine were going to begin with our big story, the Federal Reserve divided. Policymake
Stimulus, not less. Yvonne glad you could join us. We are hitting a pause button in the trading, after what seemed like a long runup in stocks. We did see the selloff when it comes to equity markets in the u. S. A lot of talk in asia about the fed and centralbank talks. Indonesia coming out later today. We could see centralbank emergence playing through in this part of the region. Kathleen isnt it interesting coming into this year, the whole story was about Central Banks moving in the direction, that they would all be heading toward the exit. Now the Federal Reserve is like, where is everybody . Everyone has their own reasons to hold tight, including the european Central Banks. I should say reasons to stay easy. Yvonne yes, that is certainly the case. We did not get a good lead up for asia. How are things looking in the wall street session thursday . Seems a lot had to do with tech. Kathleen a lot of digestion, people trying to figure out where they stand with the fed and capital marke
Delivering goods on amazons plans to drop fedex and ups and do the shipping itself. Betty there is not much that amazon cannot do these days. We are watching headlines from Christine Lagarde. She is at a conference in boston the head of the imf meeting next week. Theis making comments on tax reform plans here in the u. S. , saying deficit widening tax changes are not advisable. That is an understatement. Globalization is a baggage word left for those kind. Also come a surplus nations must take advantage and invest, return that money and invest. Also noting the imf is accommodative of the boj and ecb. Interesting, very timely coming from lagarde. Especially come of a past the budget resolution. One step closer to some kind of tax reform from congress. That big test will be when the Senate Continues to stick with the proposal we do see. They are not as keen when it comes to budget deficit. Similar to what were hearing from lagarde. It is surprising come other republicans that are suppose