Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cash equity trading across europe. Thats look at what is going on in terms of futures. We are seeing gains and European Equity Index Futures even after live trade. An you can see ftse futures up 0. 3 , and euro stocks and dax futures little changed. In terms of u. S. Futures, you can see on s p and Dow Jones Futures slight gains, a little more on s p. Nasdaq futures up 0. 3 . Anna, you have earnings out. Anna lets get the closing details, the business talking about the year but remaining cautious o
Many many markets in a decade but it falls short. , saudier the attack arabia attempt to move beyond the worst oil shortage of bloomberghe ceo tells will be back online soon. Ofas i said, by the end september, we will be a capacity. Manus it is daybreak europe. We had an irruption in overnight funding. We touched on it yesterday, nejra. Up she went, double bang. Back inpean market came and quelled the market. Was it all to do in paying taxes are paying the auction, or is there a tightness in the dollar market that we are underestimating . But is the debate. Nejra absolutely. This is crazy, was one quote from one of the traders on wall street. It also raises questions about the fed meeting today. The timing couldnt be worse. They are likely to be asked questions about it in the News Conference. On fxs the interest reserves and whether we will see some Balance Sheet expansion to do with this, because we also saw the fed fund rate being pushed toward the higherend. Manus yes, one analyst
It is a broadly weaker dollar story but it is by stocks, sell bonds. Yields move higher by two basis points. Crude up by 1 despite the fact that opec again upgrades its not opec supply forecast for 2018. Checking in your safety traits, you get a feel for the market is. Dollar lower. That is one of the changes. You wind up having a selloff over europe. The vix a little study. David it is time for the morning brief. At 8 00, the white house is going to be releasing an intersection plan. At 11 30, the administration will post its budget blueprint online. 240 billion for sixmonth bill. First of all, markets, are they stabilizing . The inflation fears. Are they justified . We are going to get a hint when we get the cpi numbers. Its a straight spike. Interest rate spike. A warning on the Interest Rates. Abramovitz, just a look at positioning in the market. Come inside the bloomberg. S p net positions. You are looking at the vix. You can see the stock reversal. We start with a record high and
Funding deal, or have they kicked the immigration issue down the road . Value tops 100 billion. Shares surge in afterhours trading. We are less than half an hour till the start of cash trade. Lets take a look at where futures are indicating we could open this morning. Gains acrossg at the board and ftse futures are up. 4 . Ax futures indicated to open percent higher. The percent mispriced a little lower, but it looks like a positive day in europe this morning. Treasuries, ive got a threeday chart on my terminal. We have been hovering around the 2. 36 level. It looks like treasuries have been in a tight range the last three days of trading, but not low. 2. 63 is still a fairly high range. You can see the arrow there, the yield dropping a little today. Interesting action coming out of australia. Lets talk about that and the pound, which is on the move. The aussie market up. 7 , the s p pushing up 395 days without a five percent retracement. That is the longest run on record. Tells you a
Aiming at 30,000 before tackling its alltime record. Ntra valued at almost a billion dollars. Sophie bill gross says Neel Kashkari will be the good choice for the head of the fed but it will not happen. Rishaad lets have a look at what happened last week and what we are expecting today is for a up on the Chinese Markets. Lets look at this chart. This is what we have at the moment. It is this reopen after the holiday. Great week. To guess mainland looking at cut, trading in hong kong surged about expectations of the central bank gaining again. Sophie historically we have seen the day following the golden week holiday pretty good for the shanghai composite. We are 30 minutes away from the open in china and hong kong. Singapore and malaysia have come online. Taiwan is on holiday. We saw the msci asiapacific index has the best week since midjuly. To thecounting down reopen. Today we have south korea, japan and taiwan all closed. Australia is the leader. Report coming in from mining players