Lift from the ecb, but if chinas cpi follows yesterdays disappointing ppi figure. After 24 hours of talks with the social democrats, no breakthrough for and allow merkel. But how much do germans really care . Matt we have the inflation numbers, the banks coming out. Look at futures, up across the board. This is the wei screen. Significant gains on the continent, lighter gains here in london. The treasury trade. This has been the saga of the past couple of days. After we saw u. S. Treasuries go above 2. 6 briefly and bill gross called for a bear market. In the other big names bond industry seemed to be positioned that way. You had the yield coming back down. Right now, we are hovering around 2. 55 . Been oneit may have day for us to use that term bondsmegedden. Yields downthe bond story produced an uptick in equity markets and the s p. Up. 7 yesterday. And i had a very solid session. Europe didnt do so well. Airlines had a very solid session. 120. Uro, back above you can see the moves a
, gainingets of today for the first thing and three, on track for the second weekly gain, best run since early november. 136, highest level since june of 2016. Day after the breakfast best run since december. Sterling falling the first three day of this week followed by continued signs of division over brexit, disappoint economic dating and the forecast 135. Rcb markets the most bearish, forecasting 1. 20. Vote, junethe brexit 23 of 2016, sterling finished the day at 1. 4877 and the next day at 136. 79. We are at 136. 87. Lets talk about gold. Longest run of gains and more than a decade, will jan benefiting from the weaker dollar attention to north korea and the middle east with gold futures headed for the fifth consecutive weekly gain and the longest rally permit twice 16, gold is at the highest level since september of last year and lets talk about russia investors had have been piling 122 million into the russia over the last five trading sessions, the longest stretch of inflows sin
Artan. What a day we are having and what a week we have had. There is the stoxx 600 come up by 0. 1 . The best run since november 3. If we finish. 10 higher today, we finish higher for a second consecutive week. By 0. 7 , the highest level of the euro against the dollar since december of 2014. Chancellor merkel and the social democrats have reached an initial deal. We had the minutes from the ecbs meeting yesterday. They suggest they are ready to tweak their policy guidance. Hawkish comments this week from other ecb members. Throw in Economic Data and that is why the euro is moving higher. Highest level in five years. China today, saying it has imported a record amount last today, weoming up get calls from this man. We get his take on the latest news out of washington. Ellen zentner. Reporter export rose. 4. 5 . Growth slowed to trump is said to have decided to expand sanctions ran, leaving the 2015 Nuclear Accord intent. But the administration is preparing new sanctions over iran. The
Surveillance. In the and the european session has not come through to the asian session. We got the s p futures firmly in the negative territory. We have seen the s p futures on the back foot. Interesting to see what has been happening in the currency market. A lot of yen strength in the market. The dollar is down against the japanese currency. We heard from the japanese Prime Minister, he had some words to say about who is going to run the bank of japan. There has been lots of reports about Corona Kuroda been tapped for a second term being tapped for a second term. We have an exclusive interview with the ceo of the Luxury Group Sales werer holiday good. I would be taking you through the first hour, nejra cehic will be with you for the following couple of hours on bloomberg surveillance. U. S. President trump has unveiled a 4. 4 trillion budget for the 2019 fiscal year that and otherwelfare domestic programs in favor of higher spending on military and immigration enforcement. Calls for
Pursue areas of agreement, shared goals, shared purposes. Policies decisions will fall out of that. Senator, this bipartisan meeting looks great, but it was just over two weeks ago that the president tweeted if Senate Republicans dont get rid of the filibuster rule and go to 51 majority, few bills will be passed so is this a reset are we to expect not just bipartisan conversations but a bipartisan approach to crafting legislation, or is this just a conversation it will take two to tango again, i give the president credit my approach has always been to try to find bipartisan support did that with joe donnelly so its the starting point now, are we going to get eight democrats to sign on to a major piece of legislation that might be a stretch but it doesnt hurt to begin the conversation whether its health care reform, tax reform, infrastructure, talking to our colleagues trying to find those areas of agreement if we make a really good argument, if we find those areas of agreement, we migh