The 10 year yield, a 40 basis point move in just a few sessions. Bonds surge today. Is rapidlyread sinking. The yen stronger once again today, trading right now at 10 5. 78. Guy during the asian session, Central Banks disappearing several surprises. New zealand, india, thailand all delivering bigger than expect it rate cuts to shore up their economies against mounting u. S. China trade tension. We are joined by viraj patel, arkera fx and global macro strategist. What are we seeing at the moment . Are we seeing Central Banks trying to deal with the trade narrative . Why are these Central Banks doing what they are doing at the moment . Are they worried about their currencies . Give us your sense. Raj one, the Global Economy is in a slowing down stage. Theop of that, youve got shock adding fuel to the fire, and there seems to be this race to the bottom with Interest Rates and currencies. It is sort of every man for themselves right now in terms of Central Banks. I think most people are lo
Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t
Economy. Contrasting fortunes. Jp morgan cuts its fullyear forecast. Goldman sachs revenue bucks wall street trend. Shery later in Bloomberg Technology global link, we will be talking about the showdowns in washington facing Silicon Valley. Lets get a quick check of how the markets closed in the u. S. Regulatory scrutiny in congress being felt across the market as tech stocks underperformed in todays session with the s p 500 now holding the fiveday rally. We had President Trumps comments on tariffs dampening sentiments as well. Tech giants took a hit. We had Energy Producers leading some of those declines as we continue to see the selloff in oil markets. We had u. S. Bank earnings. They little bit mixed. Goldman sachs managed to jump after beating the unit. We had some strong data out of the u. S. When it came to retail sales. That sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. That led to the yield l
Analysts expect the u. S. Economy to add 160,000 jobs this month after a dire report last month. Will could a miss mean for the fed what could it mean miss for the fed . Iron ore prices slump the most since 2016. Keep an eye on miners at the open. Less than half an hour to go until the start of the European Equity trading day. We were without the u. S. The u. S. Was celebrating Independence Day yesterday. We are without that legacy to build on. We are waiting for the payrolls numbers, as we have been saying in our headlines. We are in a Holding Pattern. Ftse futures suggesting in the event of downside, but review the european suggesting a little bit of downside. Gmm. Have a look at the it gives us a picture of what has been going on over in the Asian Session and it is pretty mixed. The indian centex a little bit weaker, the rupiah a little weaker. The finance minister in india making a budget statement. Plenty about investment in the Indian Economy and where the priority for her is goi
Today. With the exception of commodities. That is our mliv question. We will get to that later. We sought records on the dow and s p. We are continuing on the momentum here today with not that much news to trade on. Yes, the u. S. And china have risen talks. They are talking on the phones. Communications have returned. We are hearing the u. S. Is also talking more about curbs on steel when it comes to china, as well as vietnam. Still extending the tariff target list here in this part of the world. That could still be a risk when it comes to markets. Seeing the likes of asx 200 up 6 10 of 1 . We are getting close to the 1 high with sydney stocks. Look at the dollar. Interesting to know what we have seen when it comes to the thai baht, continuing its strength. We heard from the blt. Bot. Thailand officials are worried about the strength. It will be worries some whether it will continue on the reluctance to ease a little bit more. The Central Banks seem to be tilting more. Thai baht is st