You know what, it is a reprimand from the Federal Reserve system and the office of comptroller. That is what is speculated. Francine this is what is getting a lot of attention today. Later on bloomberg, we will hear from ray dalio, bridgewater founder and chief executive officer, at 2 30 p. M. In new york, 7 30 p. M. In london. Lets get to first word news with ritika gupta. Ritika the west coast wildfires have become a campaign issue. President trump and california state officials sparred over whether Climate Change is contributing to the blazes. The president insists that poor management is the culprit, joe biden called him a corporate arsonist. Mexico, the hurricane has now been downgraded to a category one mexico. Sally will make landfall tonight or early tomorrow, but where is difficult to say. Hurricane warnings extend from new orleans to the florida panhandle. There he kaine is feared to bring deadly storm surge and flooding. Boris johnsons lawbreaking brexit bill has cleared its
Push out rate hikes, but says he is confident in the eurozones recovery u. S. Equities stage a laterally after House Republicans give their stamp of approval to the tax overhaul, sending it to the senate ecb president mario draghi is still delivering the keynote address in frankfurt lets listen back in moving into positive territory in all major euro area economies. Demand for loans by firms, which at this time last year were still negative in several vulnerable countries, is now positive across the whole euro area the other trend is the growing resilience in the Financial Sector the total capital ratio of banks has increased by more than 170 basis points since early 2015 the return on equity has risen from 4. 4 at end of 2015 to 7. 1 at the start of this year, even as leverage ratios have declined all banks have benefited from the upward trend in returns and assets since the start of our Monetary Policy easing in 2014 though in some cases they were starting from low levels clearly thi
Saunders calls for sanders calls for solidarity amid a splintered party. The question for investors, how will politics affect policy . We are less than half an hour from the european open across the board. Lets check in on the futures. We have such a great lineup with bp to keep an eye on. Not to mention sab miller. Keep an eye on that deal being rethought. 45 pounds a share, the a b offer ab offered for sab miller. It on some of the other assets and what were looking at today. It is Federal Reserve week. It is bank of japan week. The nikkei off by 1. 4 . Concerns about the amount of stimulus. Brent crude up. 2 . Money moving into the yen. That is a concern for japanese stocks. Keep an eye on this asset. David Bernie Sanders has told the Democratic Convention that Hillary Clinton must become the next u. S. President. It came after his supporters his pleas to supporters to avoid protest were ignored. What i admire most about hillary is that she never buckles under pressure. She never ta
It is hard to get wrapped around the numbers but what is eresting to me is the is the Market Reaction of what mr. Corona can do going forward. Jon then the yen is stronger. The bank of japan runs qe at a clip of around 18 billion every few months. That is how small pieces. It feels like a drop in the bucket. We are going to dig into these stories of the day. The details on this package entering a bear market with ebrahim rubari, ari ebrahim rahbari. Hong kong markets closed because of the storm. The real story was in japan and that was straight off the bat. 1. 4 . Ope, the dax down are the leading losers on the stocks in europe. We will debate that throughout the program. A 101 handle on the japanese yen, dollar yen trading at 77, the stronger yen session in the fx market capturing that risk for a moment. The commodity market is fascinating. We moved to 40 a barrel yesterday. Back, one full percentage point to 40. 61. A big shift in the bond market today. Core Government Bonds, yields
Going to hear from Deutsche Banks ceo john cryan. Good less than half an hour away from the European Equity market open. That me take you to my bloomberg. We are going to see a little bit of negativity reflecting that selloff we saw yesterday in the United States yesterday. Not going to be down by much this morning. 1 . To around lets show you what is happening elsewhere around the world. The gmm function. A good place to start your day. What we are seeing here is a little bit of a pickup the new zealand dollar. The end is down. Trading north of 103. That has had a positive impact on equity markets in asia and particularly in tokyo. That is a story i hope to continue to watch out for. Also that boj decision as well. In terms of what we are watching elsewhere, quantities reasonably mixed. Bond markets reasonably mixed. A little bit of a buying spree in the back end of the japanese bond market, given the news we have seen of late, nothing to write home to. With theavid ingles first word