A slight bid into the back of the bond market. Lots of supply coming on next week. That is front and center, along with the repo market. Time now for global exchange. We bring you todays market moving news from all around the world. From mumbai is bloombergs south brussels, iann wishart. In india, the government unveiled a 20 billion plan to boost growth, including cutting Corporate Taxes to the lowest in asia. Stocks having their best day in india and a decade. We have more from mumbai. Reporter as you mentioned, happy friday for companies. They are a big they are calling it a big bang of sorts. However, bonds obviously felt because they see huge stimulus coming, they dont know where and how the government will fund it. As you mentioned, and yet will be one of the lowest tax regimes , and that could attract a number of Foreign Investors and Foreign Companies as they seek find new venues to set up Manufacturing Companies amid the u. S. And china trade war. I think it has been a very ex
I am Francine Lacqua in london. And little optimism seems to be fading away. We have the 600 opening unchanged. A lot of focus is on the economy. We had a little macro risk out there for now but they seem to be in check. We are getting euro area september manufacturing pmi, 45. 7 is a touch above estimates. We expected a 45. 6. It is below 50, but 0. 1 percentage point higher. The u. S. 10 year yield at 1. 72. Coming up, we speak to david herro on the fallout from the Credit Suisse scandal. That interview at 10 30 a. M. London time. Herros is the biggest shareholder for Credit Suisse. A jinping has kicked off massive military parade to mark 70 years of communist rule and pledged complete National Unity as democracy protesters rally in hong kong. Lets go to hong kong with Stephen Engle. What is the latest . Stephen tens of thousands of protesters are defying a police fromand they are marching the eastern part of Hong Kong Island to central and beyond, perhaps even as far as the Liaison
Nejra welcome to daybreak europe everyone. Investors trying to assess risk in the u. S. The s p 500 falling for a third day. We could see another day of declines, even if futures are indicating down 0. 1 . We hold on to a 169 handled today. The dollar steady, heading for a weekly gain. The new Zealand Dollar is a standout in terms of the downside because of some Consumer Confidence data. We are also seeing weakness in asian equities. Riskoff continues into the asian session. Oil heading for a weekly loss after we got that update from saudi aramco on bringing output back. President trump has used a closeddoor meeting with u. S. Diplomats to disparage a whistleblower complaint. The president said the whistleblower had no direct knowledge and was, quote, almost a spy. The complaint alleges the white house attempted to lock down records and could offer a roadmap for the impeachment probe. House Speaker Nancy Pelosi raised the specter of a white house coverup. Lets get more details from ann
Well, i was all alone until you guys showed up were going to start off with the markets. Volatility heating up. Weve seen a big rebound in stocks this morning, though the yield curve is sending its strongest signal yet to the markets of recession inverlt verting to the worst levels since 2007 here is ubs Global Wealth management head of trading strategies ian, the move in bond yields, at this point whats driving it because some of the fundamental data later, Consumer Confidence yesterday has been a little better and yet we continue to see these new lows on treasury yields. Frankly there seems to be a race to zero in the global sovereign debt market, whether its driven by the fed or the ecb or whats going on in japan. The fact of the matter is u. S. Treasuries yielding even now north of 2 end up being a huge buying opportunity, and thats what we saw in the long bond, and thats why theres been this consistent bid for ten and 30year yields at this range. And thats why the president is so
Right now. Welcome. Our Investment Committee today, jim lebenthal, jon and Pete Najarian, brenda, adam parker is the ceo of triveria Capital Management lp. Much of the focus today on the drop in bond yields. The 30year hitting a record low. Some saying the countdown clock for a recession has started. So, pete, i turn to you and i want you to answer the question i asked at the top where is the best place to invest people want ideas. Sure. And i still think the gold and silver trade is on what were seeing today, scott, some of these individual names are still moving to the up side. Gld, slv have been a smart place to be. If you go back to the end of may. Thats been a great place to be. The slv in the last month up about 10 . Its still playing catch up. Those are more on the conservative side. You think thats the best weve got . Gold and silver and 10 in a month isnt so bad if you annual ize that out i ask, i dont hear tickers i hear gold and silver oh, im excited to talk tickers early, b