They are cheaper. We will test 1 . The 10l get to 1. 2 on year. I dont see a resolution on the trade front. I think that weight will continue to weigh on the u. S. Economy. Back will have to come again. There has been a tremendous shift across central bank landscapes in 2019. How do you think that could happen . It probably couldnt. Lisa everyone ganging up on bob michele. We have more perspective. Joining me around the table is Marilyn Watson of blackrock, Matt Hornbach of Morgan Stanley and Subadra Rajappa of societe generale. Marilyn, i would love to start with you. Do you think that now that we have some contours of a trade deal, that we will seek 10 year treasury yields bleed higher into next year . Marilyn we have to see what the details are on the phase one trade deal, how much they will roll back next year, the impact for the rest of this year. It would reduce some of the headwinds if we see more stabilization. But i think going into next year where you had some of the we think
Nejra welcome to daybreak europe everyone. Investors trying to assess risk in the u. S. The s p 500 falling for a third day. We could see another day of declines, even if futures are indicating down 0. 1 . We hold on to a 169 handled today. The dollar steady, heading for a weekly gain. The new Zealand Dollar is a standout in terms of the downside because of some Consumer Confidence data. We are also seeing weakness in asian equities. Riskoff continues into the asian session. Oil heading for a weekly loss after we got that update from saudi aramco on bringing output back. President trump has used a closeddoor meeting with u. S. Diplomats to disparage a whistleblower complaint. The president said the whistleblower had no direct knowledge and was, quote, almost a spy. The complaint alleges the white house attempted to lock down records and could offer a roadmap for the impeachment probe. House Speaker Nancy Pelosi raised the specter of a white house coverup. Lets get more details from ann
Exchange, but regulation of their trip to currency is demanded. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Coming up, we speak to Scott Morrison after the government in australia forecast a never arrower budget deficit. Some headlines out of india, the index down 1 . The indian rupee down. 1 . That would be risk for the reforms the Prime Minister wants. The rest of the picture is largely positive. The handoff from the u. S. At record highs. Midweek boats and the house and ate and plans for folks senate. The new Zealand Dollar is firmer. The metals space, take a look at that, copper leading gains. Other key asset classes, brent crude looking to updates on a pipeline. Not the extent so much, but a possible restart date. Watch out for that. Downdownside pressure,. 1 , 60 doing a historical volatility the low since 2001. A big week in emerging markets with dollar rand on the downside there. Key here is the votes of the ruling party, the leadership votes schedu
Real feel for supply and demand. And president trumps Jerusalem Decision continues to make waves. The United States uses it veto for the first time to block a u. N. Security resolution on the issue. For expansionary budget 2018 for saudi arabia. A boost in spending in almost 300 billion. 2. 7 , gdp to expand to after shrinking by. 5 in the last year. Here is how we covered the story. The chairman of the company, the minister of energy, the ceo and i thinkny, ideo we expect the the ipo will attract people. That tadawul is one option and we are also looking at many s, going through a lot of discussion and assessment. This is not a normal ipo, it is an ipo for the world. We want to make sure that we do not leave any stone unturned, to ensure we are doing what needs to be done to choose the right one. Yousef some additional revenue could be what is happening with what is going on with the governments anticorruption crackdown. Here is what he had to say about that. The attorney general made
Rishaad looking at the state of the markets, in flux in this part of the world. On wall street, equities ending a winning streak, and this time we cant point the finger at the bond market. Earnings are the primary culprit this time around. A major blow as it has really had some missteps taking on amazon. Haidi a pretty mixed picture going into the proper asian trading session that is underway. We are still watching the bond market. A huge week as u. S. Markets came back from president s day. We had a round of treasury auctions. Take a look at this chart. Pretty staidlly a session. 2. 9 ,year hitting about inching closer to 3 . Twoyear, twomonth and threemonth, they went up to rates we havent seen since 2008. Something of a litmus test in terms of how quickly and how disruptively these yields could rise. It is not how high the yields will go, but how quickly the bond markets will selloff, that will have implications. We will have that 30 minutes away from the open in hong kong. Singapor