The question is where next. Janet faces her semi annual grilling by lawmakers. Ceo garyormer saks cohn is the top person to take her job. While it has risen sharply, hedgings have been their bets. What are we expecting . Look at european futures. We have gains across the board. Up 0. 4 . Far more interesting is looking at on yields, especially considering what we have ahead or bank of canada. Take a look at 83 j chart of the german bund. A threeday chart of the german bund. We have seen moves like this recently. Spike toe saw a bigger read right now, looking at the 10 gain. Investors feel comfortable selling off the perceived safety of German Government debt. In terms of the risk sentiment, that is interesting. Basis points, that does not sell like a big move, but in terms of real money, that is a significant move. In terms of the gmm, lets look at what is happening. The upside for the turkish market. The Australian Market down. The brazilian market, overnight, gaining as well. Toeer v
Overview on what we are expecting. The main asset class that are moving. He stoxx 600 gaining 1 . Were seeing Bond Investments from saudi arabia. Stocks rallying and commodities rallying. This has to do with speculation that that the fed will remain acome tavet. Let me bring over to my bloomberg terminal. This is the picture for the terminal. Let me get rid of my messages. This is the picture for the c. P. I. Harmonize. Data comes out in half an hour. This is what mccartney will look at to see what he can or cant do in terms of cutting Interest Rates. It has an impact on our prices and the blue sideline prices. Input prices significantly rising more than inflation so far. Lets get straight to the first word news. Barclays says investors should buy european equities regardless whether the Federal Reserve raises borrowing costs in the next three months. Given the support from Central Banks from around the globe, the overall picture is very supportive of stock markets. Australias Central
Strategy towards electric vehicles. Cementing returns. Lafargeholcim pledging to buy back stocks worth 1 billion swiss francs over the next two years, as the ceo tells cnbc he welcomes the republicans stateside. Its something thats bound to happen in the u. S. It will be a significant renewal of the infrastructure program. We see ourselves as a positive beneficiary of this. Janet yellen signals its full steam ahead for a december rate hike. Sending the dollar to a 13 1 2 year high. The fed chair also downplays rumors Donald Trumps administration could push her out of her job early. I was confirmed by the senate to a fouryear term, which ends at the end of january of 2018. And it is fully my intention to serve out that term. A warm welcome to street signs once again. Happy friday. Happy friday. This week has gone like that. I know. Another one. Our guest said it is five mondays until christmas. Well talk about that shortly. Lets talk about draghi. Ecb president mario draghi struck a dov
Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to raise rates or moving. Orward of those estimates financials have been benefiting from that kind of you. Technology, relatively strong. Drop in Consumer Staples as well as Utility Telecom and discretionary. Target is part of the story today. Another retailer disappointing. Earningspershare actually beating estimates put sales weakening. Comparable sales up 1. 2 . One point 6 is what was estimated by analysts in the company Ceo Brian Cornell saying it is an increasingly volatile consumer environm
Anna a very warm welcome everybody. This wednesday morning. I am anna and words. Edwards. Moving the markets, two of them, San Francisco John Williams and the conclusion being that at least two Interest Rate hikes may be warranted in 2016 because of the expansion in the economy. And inflation increasing. Over a goldman sachs, there is a chart over the twoyear spread in the u. S. On the bloomberg. Theyre warning Bond Investors that they need be more prepared for the fed to increase Interest Rates. Bill gross of course did something similar earlier on shouldnth, markets not count the fed out. What were seeing here is the increased demand for longterm debt, at least seeing a decrease over the two year yield. That spread is the smallest since 2007. It seems that in some senses, markets are not repairing a big difference between what we are seeing in the rhetoric from the fed. Not all of the assets have been reacting a great deal to what we heard from the fed, i should say. The dollar index