We have a packed and great show for you today. We speak exquisitely to the ceo of italys biggest bank. Jeanpierre mustier. In 10 minutes from now. And in our brexit show at 9 30 a time, and another exclusive and that comes from terra firmas justin king. Breaking news out of china, on a day where we are seeing nervousness on the market spirit and this is what we are seeing on these China Foreign exchanges. For the end of june, coming in 5 trillion, below what economists were expecting. Lets check on the markets. Overall, its the selloff we were talking about yesterday that seems to be continuing. So, were seeing a little bit of a repricing on some bonds. Bund,year german yesterday at this time we were at 0. 49 , then we touched 0. 5 , 0. 57 . That means there is a little bit of a repricing, for example in the italian. You can see this index at 12. 52. Lets get the first word news. Is being seen as suspect behind the hacking of a dozen power plant. A Nuclear Facility in kansas was among
President trump already making comments over the last few weeks about toyota, motor taxes, things like that. Certainly commenting as well on japans currency. All of this impacting how we think about various aspects of the market. So this is an important meeting today. They will meet at the white house. Then head down to florida for a round of golf, maybe more than one. Still waiting on that. But they will head down to maralago where we understand Prime Minister abe will be staying at maralago as well which is interesting news in and of itself. We continue to watch the story. Youre looking at the japan nikkei. Since donald trump was elected president , up double digits. Were going to take you to the white house once we see the delegation arrive. I have the traders in front of me today as well. Ive got steven weiss, josh brown. Steve, weve entertained this conversation almost daily now as to which markets you really want to be in. This is a reminder of things happening outside the u. S.
Where we are not looking at a record of some sort. S p 500 and nasdaq, small declines, down. 2 , these represent the worst inclines in the month of february. This speaks to the bullish action we have been seeing since february. The 10 year yield has been done recently, not influenced by the existing home sales report. Represented in green, telling us haven bonds are rallying. Looking at existing home sales data relative to those low inventories, if we look at the bloomberg, in white, we have the inventory numbers. There is the lowest level since when we are looking at now. Here are the existing home sales. Climbing but certainly constrained by those super tight inventories and the lack of homes for people to choose from. Speaking of homes to choose from, Toll Brothers popping higher today, on pace for its best pace since august after a massive earnings beat. They beat earnings by . 25 25 . , basedlivered more homes on the fact that there is less competition in the highend luxury buildi
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