A very warm welcome to countdown everybody. I am anna edwards. Manus i am manus cranny. Volatility, talking about the dollar, talking the biggest slide in five weeks. Have a look in this chart for our viewers. The dollar index is the white line. And economic surprises are the blue dots. The trifecta, my word of the day the trifecta of doubt,. Talking about services expanding the weakest in six years, manufacturing contract ing, and a lackluster jobs report. That is changing the work function. The probability of the rate hike drops to 24 from 34 . The dollar is under pressure, and volatility, that is spiking higher. What is next . Anna as you say as that data increasingly, disappoints, let us bring up the risk radar and show you how the rest of the Asset Classes have been reacting u. S. T weak data in the theback of that week data, korean wine up as you see. Up to the strong as in the year, oil up by half a percent, the road to algeria paved with a lot of talk about a freeze, a lot of c
The nasdaq has actually been leading today. That is a bit of a switch. Technology has been going in the same direction as other averages but an exaggerated move. A different scenario memo we have seen recently. The s p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. A different story today. If you look at oil, were seeing it down 4 . It bounced off the bottom, but still below 30 a barrel. Oil stocks are weighing on the major averages. We are seeing a lot of big percentage declines among the energy producers. Southwestern Energy Company particular, down 14 . Murphy oil, devon energy, a lot of these Energy Companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. That has been weighing on them, also. Alix a lot of these guys reporting earnings next week like southwestern energy. Aside from oil, we had
Live from bloombergs European Headquarters in london. Im Francine Lacqua. Manus and im manus cranny. Janet yellen has indicated that 2015 could be the liftoff. We were about to talk about the fed. Francine we have the decision of the norwegian central bank. It has kept its rate unchanged. Talking with the Central Bank Governors later on. Manus 2015, is it liftoff, is it not . The Federal Reserve chair has said that the december rate hike is a possibility. Ms. Yellen what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and return inflation toward our 2 target over the mediumterm. Informationncoming supports that expectation, then our statement indicates that december would be a live possibility. Importantly, it would make no decision about it. Francine investors bet on a december rate hike, more than 20 higher than they were a month ago. This despite one u. S. Lawmakers tweed. Go
<p><span>I would like to thank the Bank of Japan and Governor Ueda for organizing this year s conference and for the invitation to participate in this afternoon s panel.</span><a href="https://www.federalreserve.gov/newsevents/speech/bowman20240528a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span> The topic of "the effects of conventional and unconventional policy instruments" is an important one given central banks expanded use of unconventional monetary policy tools to pursue their mandates over the past decade and a half.</span></p>
The surge of inflation over the past three years has been a “stark reminder” that central banks can’t always ignore supply shocks and hope price increases stabilize on their own, Bank of Canada Governor Tiff Macklem wrote in an essay published last week as part of a broader soul-searching effort by some of the world’s top central bankers.