Selloff in oil prices. All the major averages are the work of the dow is only off by. 2 . The nasdaq and s p are almost and i get this point. You have seen the bounce weve seen off the bottom. Oil prices indeed are lower today. They made an attempt at going higher fight. 5 . Since then they have turned over by 3 . Analysts are forecasting another build in inventories. Gold futures are higher very, very slightly. There is bit more of a risk off sentiment in todays session. We are seeing buying in treasuries today. That is sending the yields lower. David julie, we are going to talk about this in a moment with Oliver Renick waiting in the wings. Julie it is a little bit unusual, because on days that ive been down days recently, big cap tech has been leading the way down but that is not happening today. The socalled fang stocks are strengthening in todays session. Not a lot of catalysts here. Just seems to be a bit of a 100, within the nasdaq percentagewise the best performers dont seem to
Bloomberg. Governors central bank who may toe the line with the government. The question of Central Bank Independence here. This the first policy decision of the new central bank governor. The government wanted to cut. Thats exactly what they got. The rate to 10 from 10. 5 previously. Lira a stronger turkish because many did expect this move. Other board for you. I arrived in the city of london hours ago. , thanksto the u. S. Open now positive on futures. Dow jones futures up about one point. Here in london, still lower, down by about. 25 . Out, the japanese government 10 year yield, 13 basis points. When i arrived in london this morning, it was remarkable. Yields below 0. 4 on the way out to 40 year that. 40 year debt. David a big story for the markets. We are looking forward to the japanese and centralbank later this month taking more action or not. The European Union earlier today took another shot at u. S. Tech giant google, this time over the companys android software. There has b
Gold has sometimes had multiyear stretches of gains. This may be the beginning of just such a period. Inflation, wars, and currency market all could play a.
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