Want to control a currency they are apparently great when you want to control a currency. Not so good were a to bring that survey later on. Negative on negative rates. That is what were talking about. We have great guest lined up. Heres Caroline Hyde bloombergs first word news. Caroline the peoples bank of china has raised reserve requirements after determining the increase in loans to quickly. Sources told bloomberg the move by the pboc comes data desk comes after data comes after with the p boj following with the boj falling the pboc with negative rates, 27 of respondents in a survey say negative rates will reach thenor kuroda feeble inflation. The volatility is succeeding in the euro area. A 9 billion fund manager made a mistake about the outlook for markets. 99 in the last has most of his fund in cash. He said he had no immediate plans to buy shares. Donald trump has described pope , afteras disgraceful not bridges is not christian. Republican president joe president ial front runn
Coming out of europe. Right now the markets are relatively flat. Dax is flat. The cac is essentially flat. The ftse down by half a percent. The currency markets, which are going to key off this as well, if there is additional stimulus, it could very well weaken the euro and strengthen the dollar. Right now the dollar is up against the euro at 1. 0978. Dollar versus the yen is at 113. 46. Lets tell you about other storying were watching this morning. Square posting better than expected results in its first Quarterly Results since going public. Square Ceo Jack Dorsey sitting down on closing bell, responding to investors betting against the company. I think we need to constantly show that were focused on the right things. Were focused on building great tools for sellers and that they value them. We continue to see that growth. I think were not only a first mover in a lot of areas, an innovator in a lot of areas, but also we have the best experience. We certainly compete with a lot, but wh
Million bill out between friends, russia, and ukraine france, russia and ukraine. There is a draft proposal and they are having an agreement but does it mean that will not be able to sign something. Yeah, absolutely. They have been there for 60 hours, i have lost count. The leaders of germany and france, what we understand has taken place is that came up with a document that the russians presented to the prorussian rebels who were in the building but not part of the talks because ukraine will not talk to it and they rejected it. The eu said that start of its meeting with all 28 heads of state will be delayed so the talks can continue. In terms of the process, i put the bits together, the financial package critical to establishing a baseline for the economy. You needed to get back in and build a deal. How do the 2 bits fit together . It is important, the timing. What they were hoping was to have a ceasefire but i do not think the german chancellor and french president wouldve went in th
That happened as he walked through times square during that demonstration. President obama spoke from the white house asking protesters to remain peaceful. First and foremost, we are a nation built on the rule of law. And so we need to accept that this decision was the grand jurys to make. There are americans who agree with it and there are americans who are deeply disappointed, even angry. Its an understandable reaction. But i join michaels parents in asking anyone who protests this decision to do so peacefully. We will have a live report from ferguson in just a moment. Andrew, over to you. Here are some other major stories to watch this morning. A number of economic reports coming out. 8 30 eastern time, were going to get a rescission to Third Quarter gdp. Just about a half hour later, the s p 500 caseshiller home index will come out. At 10 00 a. M. , we have Consumer Confidence and richmond survey. Were also paying attention to this thursdays opec meeting. Lets take a look at that s
After a weak opening. Advancing 28. 9 . Dont we have to ask how we left januarys busy pattern behind . We are asking if february is back into soeg and in some cases roared. Perhaps there is something good at work like the end of a slow down Going Forward in the rest of the earnings season before we could understand the possibility of a new pattern. We need to remember what the old one was like t. One that defined the whole month of january. I know it sounds simplistic. Last month we had a lot of what we call asymmetrical selling. Bye, bye, bye, sell sell sell for instance when the news is bad, the sellers are more powerful than the buyers. When news is good the buyers just arent paying up like they used to. Today finally the market opened down with more disappointment. But it was only able to rally nicely. That reverses januarys hideous almost daily pattern. I have to admit i found that heartening. I say, lets examine whats been happening lately so you are ready if the market cant sust