Alix and we will be previewing that speech. Were going to speak with the chief Global Equity strategist in just a moment. But first, checking on the market heres. Calm, but overall no, big positions being put on ahead of riday. Jonathan futures doing ok. Equity market in europe they can d. A. X. Up agassi. 8 . Ftse up. 5 . He story in the f. X. Market is weaker. You see in the stronger cable rate, we have a 132 handle very briefly on the pound against the u. S. Dollar. In the commodity market, the retracement continues. Big week on w. T. I. We come in at. 9 on w. T. I. We trade with 4698. All the focus on treasuries still. 10year yields higher up two basis points. I will say though another auction, more supply. Thats going to be a focus 20 e twoyear notes are billion worth. Alix now lets go around the world with check in with more top stories with caroline. Could it be a 50 premium on before any of these talks started to be decimated . Its been a roller coaster for monsanto. But it loo
Zuma loses a key ally. Is that is for politicians good news for investors . Good morning. Less than half an hour away from the european open. Its a holiday in some parts of the United Kingdom. London out today, scotland not enjoying the holiday, the rest of the United Kingdom is. Light volumes in certain markets. Lets show you whats going on on my bloomberg this morning. I will start not with my gmm function, which looks quite interesting. Let me take it to the wpi. This morning and lets not unlike what we saw in tokyo, a negative open for european indices. Cac is called down, dax is called down. A softer start for europe. But lets go back to the gmm and show you whats happening out in asia. I direct you to this top corner. The nikkei is up by 2. 3 . Why is the nikkei rising . Its fairly straightforward. Word from yellen that rates may be going up; word from corroded that there may be more action from the boj. The yen is down against the u. S. Dollar. These two are closely correlated,
I am mark barton. Check out what is happening to the markets. We got the stoxx 600 falling. Investors digesting those comments from janet yellen in jackson hole on friday. The bloomberg dollar spot index is at its highest level since august. The fed rate hike gets pushed up after the jackson hole event. Lets look at the price of the 2year note. No movement today. 84 basis points. The yield did rise by 10 basis points last week. On friday, he hit the highest since june 2. Old moving once again, most since july 25, falling for a seventh consecutive day. Longest stretch since may the 30th. Highest rate hike. That is not helping the precious metal. Lets get Bloomberg Business flash with sebastien selleck. At the bank of japan may target to close in the ground. [indiscernible] might startbank buying bonds of local governments and public corporations to fund such projects after its september meeting. That will stop short of federal spending. A spokesperson from the boj declined to comment. A
Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec
Program everybody. This is countdown. I am anna edwards. Let us start with what is happening in u. S. Interest rate markets. What expectations there are around the fed and around Janet Yellens speech at jackson hole today in wyoming. I will pull, the work function of working at the probability of a rate hike factored into markets, the probability for september, 21 september, 32 . That is the probability of a rate hike, increasing to 57 on december both of those numbers have been creeping up, if you go we actually saw the doubling of the chances of september hike. They had been moving slowly back, suggesting that increasingly investors are factoring in the possibility at least of a rate hike in september. Let us get the risk radar, waiting for Janet Yellens speech and wyoming, 3 p. M. London time. This is very are on various Asset Classes, msci asianpacific down to percents of 1 . Nearly twoweek low. The dollar against the yen fairly flat, yen fluctuating in the wake of that japanese in