A quarter of belarus gdp is formed by entrepreneurs, said minister of economy alexander chervyakov, before the start of the Business Forum dedicated to the opening of the belarusian entrepreneurship week. Today, a third of the population employed in the economy is engaged in business. If you look at the external contour, then 40 of exports of goods and 52 of Services Also belong to entrepreneurs. And now in belarus there is a tendency to increase the number. Legal entities. The ninth International Forum belarus dairy will be held october 2627 in minsk. The main theme is the new era of milk. The Program Includes current market analytics, the most important Consumer Trends , issues of industry strategy, as well as promotion to foreign markets. There will be a tasting of Innovative Products that are not yet on the belarusian shelf and that are just being released. More than 450 delegates from 11. All countries are registered to participate in the forum. The ministry of antimonopoly regula
Last six months. And i say far more than stocks and you will see why. Because, there you go. The s p is up 17 as is the russell. The dow good for 14 . Far from just that, copper, 34 . Have you been invested around that . Made a lot of money as with silver and gold. Bitcoin, of course, has rallied back up 82 . Pretty good to be bullish. Pretty good. So we went into this year saying that theres really going to be two things and that wall is a beautiful thing. I love seeing comer, i love seeing gold, but the reality is the only two things that are really going to drive the market this year are Earnings Growth and falling Interest Rates because falling Interest Rates support valuations and Earnings Growth keeps the denominator up, right . So what i think is interesting, those are very much on track. Weve had plenty of fears of, like, oh, my gosh, is it going to be three cuts, six cuts, two cuts, no cuts . But the reality is, were going to have a couple cuts this year, and the direction oh,
Welcome to the exchange, everybody. Im kelly evans. We just heard from fed chair powell speaking at the Economic Club of new york for about the past hour or so. We saw yields initially moving lower from their 16year highing and then reversing higher again. The former dallas fed president is here with me. He says the bond market has stepped into the drivers seat and powell aint in charge any more. Well get he is reaction in a moment. This afternoon, we have seen the dow hanging on to a gain of 111 points, up a third of a percent, up a quarter percent for the s p. Up a little less than that for the nasdaq. Over in the treasuries, thats where the action is. The tenyear yield during powells q and a portion hit 4. 996, thats how close we got to piercing 5 on the tenyear. You can see the 30year above that level, as well. Oil was lower earlier on, on that news of the u. S. Lifting venezuelaen sanctions. Thats a 2 3 percent gain. Gold as well, now turning higher by half a percent. Lets get mor
Jonathan lets get your morning started. Live from new york city this morning, good morning, good morning. This is bloomberg surveillance. The s p 500, bouncing back from a strange day of losses, positive by zero point 6 . We said this yesterday after chairman powell spoke, the presser ended almost as soon as it started. The top line headline, restrictive with nothing else seemed to matter. Lisa taking off the prospect of rate hikes took away the tail risk of them becoming even more restrictive and repeating that they are on the right path. That was the entirety of what was accomplished. It seems like this puts it back to where it was before. It is in the hands of earnings and it raises the question of on the long end, how much will this reaccelerate . Jonathan the fed will cut as soon as the data allows. Bank of america, hes in a wait and see mode. Deutsche bank, hard to say it was a dovish meeting, but given the recent inflation print, it could have been more hawkish and its difficult
For the policy band. Mas saying the currency will strengthen over the course of the year and they see core inflation at 2. 5 through 3. 5 through the remainder of the year. The Economic Growth they say is mas is becoming more broadbased but they need to stay vigilant to risks to it not only to the Growth Outlook but price pressures and the research and outlook for price pressures we see elsewhere but the current Monetary Policy settings remain appropriate at this time. Mas, no change is coming through to the slope, width, or center. Singapore dollar flat as we see the First Quarter gdp rising on the quarter weaker than the estimate which had been for a growth of. 5 but lets get reaction to this immediately. I am interested for your take no change coming through at this point in time from mas. The blip is expected. Given the inflation issues it makes sense to not change any policy for the next quarter and be on hold. Haidi and we are continuing to watch for just some of the commentary a