On Interest Rates. That was the take away from the central olbanks twodayy meeting where Interest Rates re left unchanged. Todays decision or perhaps better said nondecision follows three rate cuts this year, which was an abouface from from thet four inter rate hikes in 2018. Steve liesman reports from the Federal Reserve in washington. The Federal Reserve ended a momentous year forli monetary by launching what it one where the policy rate is likely on hold for what could be many months. The move to neutral folws three successive rate cuts in hike rates in 2019. Of plans to the fed called the current stance of policy quote appropriate. The feds overnight lending rate stands at a range of 1. 5 to 1. 75 . The fed chairman suggested that could be the case for a while to come. We believe the current stance of Monetary Policy supports sustained owth, a strong labor market and inflation near t symmetric 2 objective. As long as incoming information about economy remains broadly consistent wit
Its stronger half of the trading. The korean won jumping most in five weeks and all of this ahead of the tariff deadline as well. A little bit of a risk on sentiment coming through in asian equities and assets today. Absolutely. And youre seeing it with futures trading in singapore. Having a look at what is going on there we are seeing an uplift. We could add to the near half percent gain we saw in the nifty session. Nfte. The dollar is falling against its Indian Counterpart the rupee , half a percent down in the last three trading days. The bloomberg dollar index erasing the gains we have had this year. 10 year yields a spike up as well. It is a time when we are seeing not just a lack of any Interest Rate cuts a perhaps a pause in Monetary Policy is the general feeling. Quite a few rate cuts priced in as the market is adjusting itself to factor in one or two next year. There are looking also at shadow banking and how some liquidity in the market is helping to unfreeze this troubled pa
A lead role like youve never seen before. To let them hear that a marriage to the ends justify the means. To jins witnesses starts december 13th on d. W. Move aside apple saudi aramco is now the worlds most valuable Public Company shares of the oil giant make a strong market debut and give crown Prince Mohammed bin salmoni 1st stopping stone to overhaul saudi arabias oil reliant because also on the program the world trade might be slowing and global risks on the rise the fed says the u. S. Economy will be just fine and spain has a huge problem with droughts the o. E. C. D. Says deserve a few occasions it is already widespread as mcgriff fails to implement effectively. Laws against Climate Change. Is called are welcome to the program its a margin debut and one with authority one and a half percent of saudi arabia aramco went up for sale on its domestic stock market it was enough to make the state all giant the most valuable publicly listed company in the world even if interest outside t
Of it. Shanghai comp, for tens of 1 lower. A relatively good week for the asx. Other Asset Classes making themselves felt. Taking a look at what is going on with that. The 10 year japanese yield continues to trade below the zero level, which is the preferred boj level. We have a bond Program Announced att 5 00 p. M. Announced 5 00 p. M. Tokyo time. Reflective of it being near six month lows. Gold is pretty much stable. Nymex crude oil is up again. Bute down in the session, over the last 24 hours, moving to the upside. Back and looking at what is going on with regards to the opec plus meeting, another deeper cut in oil production. We have breaking data. Decision for sri lanka. They kept the standing lending rate at 8 . The deposit rate at 7 . That is pretty much unchanged. What is going on with some of the first word news. We have a man who has been relatively quiet. Kim jongun making himself heard today. President trump is facing a new challenge when it comes to north korea after the l
Merited in several countries talking about public debt positions being manageable despite deteriorating macroenvironment growth is expected to remain subdued longer than expected remaining muted in a low rate environment supports Economic Activity signs of risk takes need monitoring and indeed action banks in the euro area are all trading negatively there, the swiss banks having resisted. Banks renewed cyclical head winds and reviewed progress. Euro area banks are adequately capitalized, despite the fact, a lot of those european banks trading lower. My colleague is outside the bank now, what isdifferent about this report than the one we saw back in may . Reporter a little more gloomy, i would say. Also the comments on the economic down turn are a little more pronounced also those negative rates to have side effects. I think it is a bit more pronounced than previously it is happening. We are seeing it in certain markets like real estate markets. It will be interesting to see what the Vi