A whole bunch of other smart people set lower for longer. That is the message this morning. Futures up 19 but to me, the story is the bond market. As you know, those huge negative and persistent real yields. A range of assets and securities, it is interesting to see dollaryen breakdown. Still, equities are firmer on the day, futures up by 6 10 of 1 . We do this going into a battle down in washington, d. C. As long as it is just about size, we will have an agreement. These negotiations are now about thats great, but that means there is a timeline and i dont believe we have the luxury of a timeline because in the state of ,he economy, the unemployment the economic dynamics dont give you a comfortable august. Dont. Incentive to say we not negotiating until you negotiate. Right now, looks like new market is not picking up on it. There are some real nuances, maybe start off gold. Treasury yields down a basis point. Weve broken out of that sticky range for 0. 58 . The lows very much insight
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
Us over time significantly closer to what i have called the pre covid inflation path while allowing us to monitor how some Key Developments unfold. Taking off british carriers hitting the top of the stoxx 600 as signs point to a recovery in the industry. Oil prices rising on the news opec and allies will meet tomorrow in a signal there may be consensus onextending outpu cuts a warm welcome. We are waking up a day after the ecb meeting. Lets look at some of the Market Reaction to the meeting. The euro has climbed to a threemonth high while italian bond yield on the back of the decision to ramp up the stimulus plan the euro trading about 11 basis points higher to 11347. The ecb will double its Bond Purchasing Program to 1. 25 trillion euros the ecb president Christine Lagarde ses they still face a contraction of 7 this year. They dont expect inflation to rise leaving it far below the 2 target she said she hoped the boosted bond buying will steer inflation back to pre covid levels collect
We can see them as inflection points. Largely inflammation. The best example is in 2016 and the republicans primaries, theres a real civil war in the Republican Party the establishment represented by bush and others, do not denomination, do not get the support of the market people. The god of the revolutionary donald trump. The democrats are going to that right now. Going to have a civil war in their party right now pretty is going to be the traditional, or an outsider or socialist. But that is indicative of the fact, the stuff that is more for the last 40 years in the United States to govern the people, barely has not kept up with the country. I guess at the end of this book, that i realized after a long period of sort of thoughtfulness know until the wilderness died figured out. It is an american ghost of these divisive periods. Danielle we are very dynamic. Demographically, geographically, economically and we are constantly reinventing ourselves not just those individuals but as a n
Shes very nice i dont want to shame in any way shes innocent in all of this how south i believe. They are spreading panic amongst so many young people. By their life martin financial world who sent here in moscow is kevin i with you for the next half hour thanks for your company who can stick with me to for the next 30 minutes as to take you through the headlines as reported from russia tonight 1st off some of the central evidence of the doping claims against 3 russian athletes is said to be hanging by a thread this evening their legal team claims that critically Important Documents contain forged signatures of the whistleblower at the heart of the allegations the Sports Arbitration Court has demanded a live picture explain themselves now tonight for the 1st time here is the lawyer of one of those by athletes. In response to a statement about the forging of mr rajan gov signature we received a document that was submitted by the i. O. C. To see a ass it is another statement by mr rajan