In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Coming up. Tom a riskoff mood percolating through the markets. Of course, we had u. S. Officials coming out and downplaying hopes of a trade breakthrough at the g20, and the commentary from jay powell and james bullard, seeming to disappoint some investors who were banking on a 50 basis point cut in july. Warningsay powell said of Downside Risks have increased, but stopped short of saying that cuts are imminent, a nd jim bullard said a 50 basis point cut might not be warranted, going for more like 25 bits in july. We saw equities pullback from the initial fedinduced rally. China also looking in the red, hang seng futures down 91 points. Yesterday, the chinese banks really tipped the market lower here after the reports that they may have been involved in not agreeing with subpoenas when it comes to north korea violations. More on that later on. Moment, 6. 88 at the pretty flat, but Dollar Strength story is percolating through the asiapacific. The bond market continues to see yields goin
Hunt may be over as conquest says it is no longer in the running. We are on bitcoinwatch j two. Day two. This shows the volume and price action that we saw. 3818. Prices were quite volatile. Volume was highest right at the open. If in doubt as we headed toward u. S. Trading hours. That was further evidenced among bitcoin critics. Demand thate retail is fueling what we have seen. Guest, stephent roach joining us from Yale University. He is calling it a speculative bubble. It is just the first day. Things could get more normalized. Girl lets also betty lets show you the u. S. Market. Nasdaq, the dow, and the all in the green. This is a solid recovery. Investors were much more bullish on some of these sane stocks in tech shares. An unwind of this reversal that we saw a couple weeks ago. We are seeing a mixed session here so far. Were looking at new zealand and australia. The kiwi Still Holding onto solid gains. The Deputy Governor was named the next central bank chief. Seen as a less radi
Rest ofx index, and the asia. When you get yields up in the u. S. , money coming out of the bond markets that is still relatively positive for u. S. Stocks. Look at go to japan to this reflation trade, you have a weaker yen that might benefit equities. A positive correlation there as well. When you take japan out of the equation in asia, this positive correlation disappears a must completely. A misconception that when you have people coming in and trading, inflation coming to the system, that does not benefit asian equities. The other thing i want to point out on this chart is that the correlation of the last two weeks has started to come down on the s p and topix index. There is money coming back into emerging asia and about to turn positive, so has the tide turned . There is your chart there. 6753 on your bloomberg. Rosalind chin has first word news. Rosalind toshiba has confirmed it will miss a second earnings deadline and wants to delay the report until april 11. The company says i
Rest ofx index, and the asia. When you get yields up in the u. S. , money coming out of the bond markets that is still relatively positive for u. S. Stocks. Look at go to japan to this reflation trade, you have a weaker yen that might benefit equities. A positive correlation there as well. When you take japan out of the equation in asia, this positive correlation disappears a must completely. A misconception that when you have people coming in and trading, inflation coming to the system, that does not benefit asian equities. The other thing i want to point out on this chart is that the correlation of the last two weeks has started to come down on the s p and topix index. There is money coming back into emerging asia and about to turn positive, so has the tide turned . There is your chart there. 6753 on your bloomberg. Rosalind chin has first word news. Rosalind toshiba has confirmed it will miss a second earnings deadline and wants to delay the report until april 11. The company says i