Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected
Down from yesterday. We can see the glaring red in australia, that is what is following the u. S. Treasury move we saw overnight. 10 year aussie bonds up 10 basis points. They yelled at the moment. Yield at the moment. Take a look at treasuries. Yield, we areear well above 2 at the moment. We are slightly lower in the asian session. 2. 13 for your 10 year yield. With the japanese 10 year, jjb at 10 basis points. Speaking of the trade data, it hasnt looked pretty in china. China,prise index for emerging markets, and the world. At this point, we are seeing all of that in negative territory. This traded at we are about to get doesnt look like it is changing that story. Rishaad 43 minutes before the indian session gets underway. We have u. S. Inflation data. We are looking forward to indian inflation data. Looking at the bond market again, it is on a tear. Yields falling below 6. 5 on the 10 year. ,ooking at the ruby, rupee another move up for the currency. Lets get over to beijing to seli
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected
Investors and say it is a lowquality success. Talking trade again. To u. S. Team may have beijing for new facetoface negotiations if talks go well this week. Shery lets get you started with a quick check up on how markets closed on mondays session in the u. S. Ending slightly higher at record highs. We had a tech rally in the nasdaq gained. 2 . Energy sector and Financial Sector weighing on the s p 500, but aboved unchanged the 3000 level. We had citigroup of course reporting earnings. Theyre treating revenue their trading revenue missing estimates. Every member was under pressure in the session. Japan returning from a long weekend. What is the setup . Sophie nikkei futures in whileo trading flat contracts are falling in sydney and seoul. Gains, withresuming the nzx 50 attempting to breach the level again. The kiwi dollar is holding steady, holding onto the overnight gain as the Inflation Report reinforces the case for the rbnz to cut rates. On the central bank front, the rba polished
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected