Wargames start this trading week , a few jitters, a mixed the session, msci asiapacific nding declines from friday extending declines from friday. The palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the Trump Administration. Macrolike when it comes to asia and globally, but 54 or the eight, local Central Banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the Balance Sheet about Interest Rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for Janet Yellens comments, guidance when it comes to the richer directory and talents sheet unwind. The ecb, not expecting shock and all from mario draghi. 2014 had him using ja
Reset his presidency after controversial advisors after bannons ouster. How much has changed at 1600 pennsylvania avenue . Juncker Martin Schulz steps up his campaign to unseat her. Challenger Martin Schulz steps up his campaign to unseat her. In the u. S. , he saw the s p and of dow futures starting to turn around. We have green arrows on european futures. If you take a look at the bond trade, we have a threeday chart of the german debt. You can see we have come down in a yield that we are now headed back up. This is the end of fridays trade into today. ,he yield heading back up investors starting to sell a little bit more of the debt and that twitches that pushes the yield higher. We will get some direction in about 28 minutes as we get the market open. What kind of direction do you see from that jim and screen . Screen . Creen gmm manus these are the equity markets across asia. We have more risk coming in terms of political theater. We have a reset on afghanistan this evening and so
Today. Dropping for the third consecutive day. Uncertainty, across the globe, all these currencies are rising against the dollar. Bond deals of falling, a big day today in the u. K. On house prices. London asking prizes up. Over the last year according to the latest data. That 2014ll below peak which you can see there. London is the blue line and the u. K. Asking line is in white. That is when prices were up. This is the second time this year the annual rate is topped by 1 . It is a traditional summer lull. The Property Market nationwide has softened in the last year tax changes, brexit, Political Uncertainty has put a squeeze on consumers. Nationwide, the market has held up better. , asking prices, down. 9 in august from july. The annual gain accelerated slightly to 3. 1 . Money managers pushing their bullish bets on gold to the highest level since october. Wages have surged more than sixfold over five straight weeks of gains. Those five bars to the right of your chart. Climbing 12 th
As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspondent kevin cirilli. Give us a sense of what the president was trying to accomplish last night and did he get that done . Kevin the president facing intense scrutiny following his response to charlottesville. He no made no direct mention to it, but essentially said he hoped to unify the country and then he pivoted to Foreign Policy and sa