Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
It is a different set of numbers, but tesla is said to be production after a record quarter. Manus welcome to daybreak europe. Battered, bruised. Im not talking about politicians. Im talking about the pound. Kingdom, in the united sentiment is being battered and bruised, something to do with brexit. Pound faces a twoyear low. Why isnt sterling rallying . If it was such a demonstrative statement in the house of parliament or not, as the case may be. No rate hike from the bank of england until 2020. The worst quarter since 2012. Is it brexit or global slowdown . Have a look at the rest of the world. Bonds are a treacherous asset. That was mngs line yesterday. Back up to 2. 3 . Ratios were slacked to say the very least. Have a look at nymex crude. Inventories. In Credit Suisse with a higher core on the oil market. Nejra have bond traders fallen into a dove trap when it comes to the fed . We look ahead to jay powell. The twoyear back above 190, jumped 22 basis points since the lows in june
Times square, 1970 if only it were like that. There are still those nudists around here. There are still painted people are they naked or painted . And elmo. There will be some falfafal action out there some finest how about new yorks finest showing up for us today to protect us here. Out in fum forll force not for us . We can think whatever we like. Its about 11 months in the making big thanks to everybody who put this together for us the bugs are all out. I can hear things in my ear. You . I can we can hear our own voices, which was a problem when we first moved up there its disconcerting. Im always hearing voices in my head. You had its complicated. Its the dnc usually, isnt it oh, where is the phone to call how long did it take . 6 01 59 new home for us but were still watching the markets as always things have been under pressure in a big way dow indicated down by 130 points s p futures down by 13 nasdaq off by 33 this comes after down day for the markets yesterday. We did see stoc
On June 5, Reuters reported that the US economy is presenting a rather mixed picture with the services sector which represents most of its economy, rebounding after a brief contraction in April.
India Business News: InterGlobe Enterprises (IGE) group MD Rahul Bhatia sells 2% stake in IndiGo for Rs 3,292.3 crore to fund IGE's businesses. Bhatia remains IndiGo's largest shareholder and promoter-MD, driving strategic direction.