Now is probably benefitting around 1,000 a year, and some very detailed microdata that ive seen on Household Spending patterns suggests that there may be a link, as you would expect, from reduced bill reduced amounts that people pay at the pump to other spending, like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong as it and spending is not as strong as it could be given the decline. And, of course, on the other side, we are and maybe it will take a while and its something that well slowly strengthen over time, if Oil Prices Stay low. On the other side, of course, we have seen a marked decline in drilling activity, which is depressed investment spending and of course, very substantial layoffs in the energy sector. With respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements in oil prices, whether they were on the upside or on the downside, viewin
It is a really busy week. We have Global Leaders gathering in paris today and we will bring you the live shot of those arrivals and then we get onto the ecb. A Bloomberg Survey suggests that we are going to see a deposit rate cut. How big will it be . That is the real question. Mosul expected to go from 0. 2 to 0. 3. It to goeople expect from 0. 2 to 0. 3. Remember that janet yellen speaks thursday and we get payroll on friday. A really big week in front of us. How do we set it up. Thate we talk about all of , lets get you the bloomberg first word news. , the leaderse eu have agreed on a deal to help stem the refugee falls through the nation. Some people get a package of 3 billion euros in assistance for bolstering border controls. This as the eu is dangling closer that could bring for potential membership. Meanwhile, the russian president Vladimir Putin has announced measures against turkey. Russia has suspended their tours, banned the hiring of turkish nationals, and will block the s
12 months. Check things out this morning, if you want to see the knee jerk reaction to some of these things, youll see already the futures are indicated higher. We knew the republicans were likely to whip, but if you take a look, there were some this was what you would absolutely call a wave with some races that hadnt been expected to go their way going their way, as well. Dow futures are indicated higher. S p futures up by close to 7 points. Nasdaq up by 16 points. As for the bottom, weve been watching oil closely once again. It is down again this morning, down by about 31 cents. 76. 88. Thats about where we were yesterday at this time. This morning, the tenyear looks like it is yielding. I cant see it because theres a line over the one place where it says 2. 35 . The dollar this morning at this point looks like it is up against the yen, up against the euro, up against the pound. Euro is trading at 1. 2484. Dollar slrn yen, 1114 and change. Gold prices look like they are down, as well
Russian. We would never get along, anyway. The former england football captain tells bloomberg about his latest business venture. I am looking forward to this kind of venture, because i think it is one that hasnt been done before. It is a partnership that is special. I am mark barton. I am anna edwards. It is 6 00 here in london. Very good morning to you all. Decision day for the European Central bank. The ecb may have an expensive and expansive new headquarters. There are familiar problems to contend with. Setting the benchmark Interest Rate for the eurozone. It could come in the druggie news conference. Give onications may he how fast the ecb will go to stimulate the euro zone economy . Announcing the benchmark Interest Rates. That is likely to stay at the record low 0. 5 . Mark carney says the u. K. Economy still requires stimulus. We will have to wait to see if more members of the Monetary Policy committee wants to raise rates. Last month, two of the Nine Committee members favored
A sea of red. Dow open 133 points off. S p 500 off. And nasdaq off 37 points now. Lets look at the ten year treasury. The yields hitting the highest level since early december. Looking at 2. 338 there. And also you should Pay Attention to the german bund driving a lot of the action in the global bond market lately and especially overnight. 2. 3 . Didnt we close yesterday at 2. 2 . Pretty big move. It was a big decline of more than one point yesterday in the ten year. And the bund last time it bounced. We couldnt figure it out. Remember that morning we were here early. This chart is incredible. That was the one that went there and the markets were covered. Its going to test the recent highs in yield. It was because the economy was going. Its what we talked about that day. We live by the sword, die by the sword. When rates finally start being normalized in europe we were staying low. Lets show everybody whats going on in the European Equity markets. Theres a big sell off going on this mo