Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart
Good morning, everyone. This is bloomberg surveillance. This hour, we are joined by the global head of strategy at martins family Morgan Stanley. We also talked to the current coo and soontobe ceo of the bank of morreale. In the meantime, we have a little bit of breaking news. Pmi out of the eurozone. This is exactly what we are getting. We are looking for a little bit of euro reaction. Pmi falling to 55. 4. And little bit better than expected. Not as strong as the month before, but they have been revised upward at 54. We were expecting 53. 7 figure. These other markets over all. We are seeing a little bit of a risk reversal. This after the u. N. Is set to meet on the north korea threat. What it means for the markets is yesterday there was clear demand, but today not really phasing the yen. Gold is down a touch or pretty much flat. Stocks seeing small gains, gaining 0. 1 . We will have plenty more on the markets but lets get to the first word news. Bank of england policymaker says u. K
News conference. And six months from the e. U. Referendum, what exactly do we know about brexit . The big question this is bloomberg surveillance. I am mark barton in for francine lacqua. Here is nejra cehic. Deutsche bank and Credit Suisse have agreed to settle u. S. Investigations into their dealings in mortgagebacked securities. Deutsche bank will pay a 3. 1 billion civil penalty and 4. 1 billion in relief to customers. A 2. 48uisse will pay billion civil penalty and 2. 8 billion in relief for homeowners hit by collapse from housing prices. The Justice Department is suing barclays for fraud over the sale of mortgage bonds. Its as investors were deceived about the risk of securities. Our glaze has rejected the allegation, saying it will vigorously defend the complaint. President elect donald trump says he has asked boeing to of its superade hornet jets that could replace the Lockheed Martin f35. That is the main fighter of the airport, navy, and marine corps. It is the most expensive
(Bloomberg) Investors flush with cash are embracing credit, moving up the risk curve in the rush to lock in high yields before the Federal Reserve finally begins to cut interest rates.Most Read from BloombergBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?These Are the Best Countries for Wealthy ExpatsUnited Plane Veers Off Runway in Third Boeing Mishap of WeekThe $1 Trillion Race to Rebuild Ukraine Is Slowly Getting GoingMoney is flow
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