Stocks and bonds telling off after u. S. Inflation came up for a third time in a row. Next up, its all about the ecb. Rate cut bets getting paired. Volatility surges in the euro. We are live in frankfurt. Oil back in focus as the United States warns of imminent strikes on israel by iran. Negotiations on a cease fire are ongoing. Quick check on the markets as we digest the geopolitics and Monetary Policy. Futures, a little bit of outperformance in europe. I say this with a wagon of caution here. Youre a stoxx 50 futures unchanged after a major selloff in the state. Europe also outperformed in yesterdays session. How much of that is a reflection of what we may hear at the ecb today . Things seem virtually unchanged. 5208 on those s p contracts. Lets talk about the cross as i picture as well. The bond market is fascinating here. Weve crossed 4. 5 on the 10 year yield. You are seeing a bid into bonds this morning. Again, a move above 4. 5 percent. 20 basis point move in just one session. T
This hour, more disruption for real commuters. Sapphic five train firms begina commuters. Sapphic five train firms begin a fresh wave of strikes in disputes about the role of guards. And at disappointing end to the ashes series. England bow out to give australia a 4 0 victory. Hello and good morning. Welcome to bbc newsroom live. Theresa may is due to announce several changes to the cabinet team with the most extensive reshuffle since she became Prime Minister do to get under way this morning. She is expected to appoint a new conservative Party Chairman with Patrick Mclaughlin said to be replaced having overseen the general Election Campaign that ended with the tories losing their majority. The replacement for the close ally Damian Greene who was sacked for breaching the ministerial code will also be announced. Lets cioss code will also be announced. Lets cross over code will also be announced. Lets cross over to code will also be announced. Lets cross over to our code will also be ann
The dollar, and President Trump. The ecb. Lisa the ecb is facing an economy that is recovering and not just recovering, but is definitely gaining steam in the eurozone. The question is, will they announced some kind of ending of their Bond Purchase Program and will they try to talk down that euro . The euro has been strengthening against the dollar. David it is not just the economy gathering steam, it is the euro. Lisa the fear is that it will eat into the corporate profits. David it also suppressed inflation that mario draghi said he wanted so badly. Steve mnuchin says he has been perfectly consistent, there is no problem with the u. S. Dollar even though it has taken a hit. You can see what the dollar has been doing over the last few days, not good. Lisa and took a leg lower after Steven Mnuchin broke ranks with previous treasury secretaries who always commented about not wanting a weakened dollar. He broke with that protocol and saying it would be positive for the dollar to weaken f
Allies first among them british Prime Minister to resuming many so her criticism of countries not doing enough for free trade as a direct swipe at trumps policies but she was less critical following her meeting with the u. S. President. Facing challenges across the world and as you say will change again to defeat the challenges of the long front that will include the train station feature which will be placed on the tree. Conch station. Really i think its the most important thing they can push im going to be tremendous inclusions great leader think usually great for both the fans of john. We look forward to that. Pretty much as he was. Its unclear whether trumpets speaking generally or referring to a free trade pact between the u. K. And the u. S. Much like there. Prime minister many in the u. K. Believe that such a deal would be essential after leaving the e. U. But despite a friendly start with may trumps upcoming speech is likely to meet with resistance thats because many expect him
Davos that may have something to do with the arrival of the u. S. President donald trump he seems to have opted for a soft landing meeting key u. S. Allies first among them british Prime Minister to resume a many so her criticism of countries not doing enough for free trade as a direct swipe at trumps policies but she was less critical following her meeting with the u. S. President. Facing challenges across the world and as you say will change again to defeat the challenges of the long term that working for the trade commission feature which will be placed on the tree. Gunships of russian. Really i think its a most important if they can. Are going to be king with tremendous inclusion and great we are usually great for both the films of john. We look forward to. This pretty much issues. Its unclear whether trumpets speaking generally or referring to a free trade pact between the u. K. And the u. S. Much like their Prime Minister many in the u. K. Believe that such a deal would be essent