A slight bid into the back of the bond market. Lots of supply coming on next week. That is front and center, along with the repo market. Time now for global exchange. We bring you todays market moving news from all around the world. From mumbai is bloombergs south brussels, iann wishart. In india, the government unveiled a 20 billion plan to boost growth, including cutting Corporate Taxes to the lowest in asia. Stocks having their best day in india and a decade. We have more from mumbai. Reporter as you mentioned, happy friday for companies. They are a big they are calling it a big bang of sorts. However, bonds obviously felt because they see huge stimulus coming, they dont know where and how the government will fund it. As you mentioned, and yet will be one of the lowest tax regimes , and that could attract a number of Foreign Investors and Foreign Companies as they seek find new venues to set up Manufacturing Companies amid the u. S. And china trade war. I think it has been a very ex
Market. Dealest way to avoid no would be to vote for a deal. These proposals amount to a a gd basis for a deal. If he wants to remove me from office, the best thing he can do work on the right andrable gentlemen opposite persuade him to call a general election and try his luck that way. Us want to deliver voted for. I welcome the latest proposals. Can the Prime Minister assured me the customs p proposals for e irish border do not involve the construction of any new physical infrastructure whether at the border or anywhere else . To my friend,ul who has taken an interest in these matters and who has helped to bring many members together. Absolutely not. The proposals we arare putting forward do not involve orrastructure at the border at any other place. If the Prime Minister had bothered to go to the Northern Ireland border, he would know the genuine fear people there feel about his proposals, which they see will result in physical infrastructure for the border, whether that is on the b
Strike. President trump orders tough new ctions, and facebook marketsets see how closed in the wednesday session here in the u. S. The s p 500 plunged after the fed Rate Decision. It was a rate cut, but it was seen as a hawkish rate cut. We saw the s p 500 losing ground, paring back some of the declines to finish unchanged. U. S. Futures at the moment not doing much. Biggesttocks were the losers in todays session as we had wti losing ground for a second session after the surge we saw monday following attacks on saudi arabia, but crude at the moment coming up higher,. 2 . Still below that 60 a barrel level. We had financials, though, gaining ground in todays session. Yields had plunged in the early session today as we had the fed coming back injecting cash into the market. Those declines, though, were pared back a little bit toward the end of the session after that fed Rate Decision, and the 10year yield finishing at that 1. 8 level. Lets see how things are finishing in asia. Sophie fut
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have
That is your gain on the day. We are straddling the line between gains and losses. Quadruple witching going to keep a stranglehold around that 3000 level. Weve actually seen a little bit of a rally and bonds this week. A fiveday win streak for the 10 year, two year, and the 30 year, something we havent seen since early august. Volatility subdued below that 14 level. Below on the year was right below 13, so we are basically down at the bottom of the trading range for the year to date. Some folk saying that could be a signal to go long vol. 0. 4 ,ng markets up about alternating between gains and losses all week long. We are back to again for friday after the loss last week. A lot of people trying to make sense of centralbank action and how that is going to feed through to the dollar, two rates, and a lot of that emerging market access. Guy massive week for monetary policy, with decisions from the fed, the bank of england, the snb, plenty more. Heres a wrap up of some of the key comments