Kriti good morning and welcome to daybreak europe. Im kriti gupta in london. U. S. Core cpi rose in august for the First Time Since february thanks to gasoline prices leaving the door open for even more hawkish Federal Reserve. Plus, it is decision day. Will the ecb hike or hold . Traders are betting on a 25 basis rate point hike amid sticky inflation worries. The nasdaq debut. It is the biggest listing of 2023. U. K. Based arm is set to start trading today, priced at 51 a share. What does that do to the macro . It is not the arm story driving it but it goes back to the ecb. It is a narrative when you look at futures trading. You are starting susie green to see green on the screen is silly for euro stoxx futures. You are talking about a hawkish ecb in theory and the stock market in europe should take a little bit of a hit. That is not what is being priced in right now. The question is if we see the 25 basis point hike again, one hike to for that some might argue. Does that mean it is p
On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning
The seats in parliament, meaning they will be able to build a coalition with relative ease. His party was trailing in the polls and it was not clear at the outset. Netanyahu against all odds, we achieved a victory for the likud. A great victory led by the likud. Betty the coalition will probably include conservative and religious allies. Violent protests broke out as the new European Central Bank Headquarters officially open. Demonstrators in frankfurt burned police cars and tossed rocks and smoke bombs. Police used Water Cannons and tear gas to control the crowd. Eight people were hurt. The ecb president was not unsympathetic. Mario draghi said he knows people are going through difficult times straining european unity. Passive makers are wrapping up their twoday meeting today. Wall street wants to know if the Federal Reserve is still patient about raising Interest Rates. Janet yellen overhauled and a News Conference right after the development. Italian investors if the fed raises Inte
Market to ensure Market Participants do not think she will go straight for the hikes. We are going to get the Unemployment Rate and the average. Standard saw this floating through this morning and it was raised by bernstein to outperform 2015 earnings. Significant upside in the stock. It will be 700 and they are building the capital organically. There is less of a possibility and probability of having to come to the market. That is one of the individuals to keep in mind. Banks were concerned. That is a leader on the board. The european retailer has huge exposure to russia and over a third of the stores are in russia. We are looking for demand. Stores and 88 markets. A lower euro should add value to that. There is 40 last week and earnings are up 7 . Dividends are of 20 . A brisk march higher and the euro is virtually unchanged. Where we are, i am saying the overall is going too far and too fast. The final phase is looking for a rebound and it goes against the calls you have been readin
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which