While the ceo tells bloomberg that, despite brexit, the market is robust an. And the dollar loses ground as the market waits to see what janet yellen will have to say at jackson hole. Caroline and manus, all the market waits to see what the pmi data will be today, from france, germany, the eurozone. It looks like there is Risk Appetite, looking at the futures market. We are called higher after yesterdays slight selloff in the dax, cac, and ftse. A bit of Risk Appetite ahead of jackson hole, and perhaps suppression of concerns about the u. S. Ranking up hikes. It comes down to this the mediating bond traders seem to be happy with dons. It is the fx traders that are skittish. The dollar index is down, the market retreating. Yesterday was rather gung ho in terms of stanley fischers comments. Today it is all about positive thought. Wirp on your bloomberg says 24 chance of a hike, 51 in december. The dollar is vulnerable, according to mitsubishi trust. Oil is down, dropping for the first ti
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
Everybody. I am anna edwards. The oil price on the move again, retreating once again down by 1. 3 . Where we are on wti right now, down 1 on the brent price. We have a chart that was that into context, a big move looking at the blue line, that is the wti price. Is the upside, three weeks ago we were in a bear market on oil. A bull market returned on thursday, speculation mounting at that point as to whether opec would take action to boost prices. The focus on the attention is the data out of the u. S. Over the last 24 hours or so, u. S. Data showing oils of prices increasing, inventory the highest in 30 years as we come to that driving season. Keeping oil very much in the center and the overnight trading session in asia. With that in mind, let us bring up the risk radar. As we said in the headlines, retreat in the asian trading session. We have the biggest drop in threemarket stocks weeks but really the focus of the market around the united states, putting the dollar index in there, re
This is largely due to the stronger yen. And yen is up. We are seeing the safety again. The asx 200 said they stocks are down to 7 10 of 1 . We are seeing these energyrelated stocks taking a dip today on the back of the fall in crude prices. Inventories are coming through stronger than expected, and ports highest since april of last year. Imports the highest since april of last year. Coming through from shanghai. We were sitting in the green bay while ago, but giving back modest gains. This is why we are getting policy tweaks coming out of the pboc, and investors are trying to figure out what that means in the longer term. Hong kong is down 6 10 of 1 , and jakarta is down 8 10 of 1 . Of thelook at some movers, because we are seeing quite a bit of movement in terms of space. The aussie dollar is down by 7 10 of 1 trading at. 7104. We had some remarks coming in. And said he would be comfortable with the aussie sitting around . 80. The yen is seeing strengths of about 4 10 of a percent, t
Rousseffs removal is not priced into the markets. He says the real is his favorite currency. We are less than half an hour away from the market open in europe. London is closed today. However, what weve seen overnight is this move in japan, but that is not being reflected in europe this morning. Looks like a positive open. Japan was reacting to what happened friday when u. S. Markets got crushed. Now we are starting to see a fresh start. , if you want to play along at home on your bloomberg, that tells you what is happening. Lets talk about some of the other assets that are on the move as well. The data out of china, reasonably positive, but dollaryen front and center. The nikkei down 3. 1 . Crude is softer as well. Aussie dollar, watch for that one. It is a reflection on what is happening in china, and we have a Rate Decision tomorrow. That is what Juliette Saly knows about. Juliette thanks, guys. Halliburton and baker hughes have called off their 28 billion merger. The proposed union