We are in the city of london. Im anna edwards. Miller in matt berlin. Anna matt, we will start with the Market Reaction to the u. S. Missile strike in syria. Investors caught off guard, reflected in the gold price and and the oil price on the screen. Investors caught off guard. Haven assets getting a boost. Interesting the way that the japanese yen trend trade unwinding a little bit. Asian equities managing to get back into positive territory. And u. S. Futures are negative, but only by about a quarter of a percent. Matt interesting, because the moves are pronounced and the chart is important to look at. You can see when the event unfolded. The moves are not strong. This morning, i instantly looked at the yen, it was 1. 10 yesterday. This is the biggest move we have seen sense basically yesterday since basically yesterday. Treasury was the same thing. Not a big drop in the treasury yields. We have seen moves this big this week as well. And all of the Asset Classes, oil and gold as well
Evidence that there is not more slack in the labor markets. On Interest Rates, again, she will talk about the taper likely to end. Bond buying likely to end later on this year. The fed will keep rates at a record low for a considerable period. If the labor market continues to improve more quickly, than anticipated by the committee resulting in faster conversion towards justice, increases in the federal funds rate target will occur sooner. Conversely, if the economic disappointing, then the future path of his tryst rates likely will be more accommodative than currently anticipated. She has a warning and her testimony towards the on on the subject of Financial Stability. She says most asset prices seem to be in line with historical norms. In some sectors such as lower rated corporate valuations appear stretched. We are monitoring developments in the leverage loan market. And are working to advance the effectiveness of our guidance. Expect Financial Stability. Regulation could dominate th
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European stocks tracked a tech-driven rally in Asia as investors awaited a critical US jobs report due later on Friday. The yen surged to a three-week high. •…
responding to confess about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. envist that portfolio widely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out that temp it was anything but. these were grievous mistake, self-inflicted. we re accountable and what happened violates our own standards and principles how we want to operate the company. this is not how we want to run a business. the total about-face scared investors. the bottom line, jamie dine kno dimon that doesn t b.s., swears a lot, known for telling it like it is. his bank the only bank to emerge from the financial crisis stronger than before. according to investment firm fbr, assets have grown 45% at jpmorgan from pre-crisis levels. that s right. the bank is 45% bigger. $2.3 trillion. newsweek calmed him the b