Declines. Thats the first backtoback losses youve seen for the dow and s p 500 since late january. Futured are muted this morning. Dow up by 2 points. Nasdaq up by less than a point. A lot of things happening, were waiting on adp numbers this morning. That may give us insight on what to expect friday from the jobs market. That can het let us figure out the Federal Reserve will do. In asia, the nikkei down by a half percent. The hang seng up, and in europe, a similar story to what were seeing here. Muted moves one direction ortd othe or the other. The dax up by . And a look at currencies. The dollar is up across the board. Euro at 1. 056. Dollar yen at 114. 05. Here are the storying were watching. China posting a trade deficit of 60 yuan. Exports dominated in yuan, they rose 4. 2 in february, imports jumped more than 44 . That import growth driven by a construction boom. Analysts say the data may have been distorted eby the long lunr new year sell breaks. During the sell breaks,celebrat
Widely forecast by 28 out of 29 analysts by bloomberg policy makers back in september scrapping plans for further rate cuts amid signs the nation was withstanding the slump in oil prices and inflation remaining above target. 2. 9 sweden earlier keeping rates unchanged leaving the door open for further stimulus in 2017. That is the big headline. Norway central bank maintaining the key rate. Lets look at whats happening across the assets. The stocks were earlier. It suffered earlier. Down. Worst stretch from september well over a month. Ahead of the allimportant g. D. P. Data in roughly 29 minutes time. It bottomed at 120, 123. Thast the lowest since may 1985. The tenyear yield is little change. Yesterday it rose to the highest since june 23. Up from 51 bases points on august 8. The lowest boosting expectations and moving to expectations of inflation. What a good time to look at the breakeven. The almost highest level in three years. Risen 2. 3 prereferendum. This is one of my favorite c
We are finally in the green so how are we holding up . Julie we are not making up the losses we experienced in europe or the u. S. Over the last couple of days and stocks are coming off their highs to some extent but its a healthy rebound today. The nasdaq is leading the gains. We saw strong selling volume over the last couple of days and volume is still elevated in todays session but not as much as its been. This is volume by group. Trading by them is about 25 above the average. There is a big gain and buy them of the financials are you also the industrials. We have been watching bond yields. We have been seeing the reversal there as we saw a big drop in yields yesterday. Mostly they are coming back up today with the exception of the japanese 10 year yield. Selling within the u. S. And u. K. Market is not the same magnitude. We had a big sea change in the fed funds futures and the expectations for a rate rise this year. The expectation for a rise coming up in december and you see the
Matt yeah, i am actually going to try to pull off bunds, as i suspect you will see an impact. Not as much of an impact, but it could be that we are currently finished with trading. Right now, obviously, 5 00 here in london, 6 00 on the continent they do not open until 8 00 p. M. It looks like they have finished trading for now. For the day, a drop to negative 0. 145. Oliver we can scarlet we can track the yield on the 10year. It is at session lows, dipping to 1. 4612 percent. We are at session lows. However, you are looking at the s p. Oliver the s p got a little bit of a pop in the last 10 minutes. We are at a bit of a rally this morning, but you can see this kind of pop. This will potentially bring more loose money into the equation. We have seen that with fed funds going to zero following brexit. Were back to the situation where, guess what, maybe this is in a perverse way good for equity markets and good for people that want to see continued accommodation from Central Banks around
Have built up pretty steadily. There was a gain for wti. Its down a dollar. And heres whats on the agenda economically. Tomorrow, look for july new home sales, followed by existing home sales and thursday, thats why its called weekly jobless cams and on friday, its the second estimate on the Second Quarter gdp. Two for two. Second estimate on the second. First on the first. Third on the third. Symposium in kansas city. Oh, no, its jackson hole. And i guess luhoyia was taken. Hp, tole brothers. And now to the latest on the battle over control of viacom. It looks like this battle is over. And i believe dauman will be sticking around unsill september 16th. And redstone removed dauman from his trust and planned to sell paramount pictures. His daughter largely behind much of this. Hes going to receive about 72 million under the settlement agreement. This was probably the way you had to imagine it went with the redstones owning 80 of the vote. Check out shares of viacom. Theyre up. And final