But then takes them to task over defence spending. And. A race in montana turns ugly. The republican candidate is charged with assaulting a reporterjust hours before the vote. Hello, i am Christian Fraser, in london. Katty kay is in new york. Were learning a bit more about Salman Abedis movements before the Manchester Attack. Last week we know he travelled through dusseldorf airport, he was in transit, but where was he coming from and who supplied him with the bomb . Are others still plotting . Authorities are trying to answer those questions. There is a lot of sensitive material that still needs analysing and guarding. The Chief Constable of Greater Manchester police, ian hopkins, said that leaks in the United States have caused distress to the families of the victims. But he also said progress is being made in the investigation. The arrests have taken place in manchester, wigan and nuneaton, and we are now carrying out associated searches in relation to those arrests at a number of a
Have a look at where european equities are trading 30 minutes away from the end of the wednesday section. Session. The u. S. Justice department filing a lawsuit against Fiat Chrysler and the china rate increase weighing on sentiment and the second column is the currency column. Most of the currency against the dollar are in gray with Little Movement and sovereign bonds, commodities, your final three columns. Kingfisher is a big recliner across europe, down 7 . Europes biggest homeimprovement retailer reporting a slump in french sales as rivals gain market shares sales in france, it 5. 5 tes two james and fell in three months through april, worse than the 1 drop in that countrys total homeimprovement market. Shares down by 7. 1 today. Lets talk about Political Risk because the difference in yields between the u. S. 10 year and the german 10 year bond is drinking shrinking. Investors are fretting over the potential noise stemming from washington, the u. S. 10year note about 185 basis poi
Next up is nato, an organization he attacked during the campaign. We have world coverage here on daybreak asia, we keep an eye on vienna. Betty opec is meeting there. Continuing fallout from the Trump Administration budget and what the cbo calculated on a health care bill. This is daybreak asia, live from our new york and asia headquarters. I am new york i am in new york, it is just after 7 00 p. M. Yvonne i am yvonne man. It threw us off guard. Everyone raising rates. Perhaps that means a june. By another word, prudent. Caution from the fed about when we could come out of this. Betty you have to look at the data and not blame the fed for giving mixed signals. Data itself is showing mixed signals in a consumer confidence, consumer spending, diverging. You have a job market so hot in the u. S. , but then inflation is so not hot. What is going on . You cannot blame the fed for putting their feet in both areas right now. In any case, Market Investors really parse those minutes. The focus
Im sara eisen. Im wilfred frost. Very good morning to you from me as well. Before we check in on the markets, four Big International stories were watching. China getting hit with a credit gown grade overnight. We have the latest market reaction. The uk upping its Security Threat level to critical following monday nights terror attack. Opec about to kick off a meeting in vienna. President trump is at the vatican this hour after meeting with pope francis. More on all of those big stories straight ahead. First lets check in on the markets this morning. U. S. Equity futures after a mini gain yesterday for stocks. S p closed higher by 0. 2 , following a trend of fractional moves, mostly higher. Looks like futures are indicated higher again. Dow futures up 12. S p up 2. 5. Nasdaq futures up 11 points a bit of a defensive tone to yesterdays dane wigain. The tenyear hovering around the 2. 28 level. A bit of buying of treasuries, saw that yesterday. The economic reports have been kind of mixed.
The middle of trying to restart what he hopes will become the deal of the century. Lasting peace in the middle east. To the markets which suddenly turned a hohum trading session into a bull run after the administration rolled out 4. 1 trillion budget, the behemoth budget, cuts trillions from the spending curve and balances in ten years, but some on both sides of the aisle who havent gotten all the way through it are already calling it unrealistic. Major indices were languishing to the downside and started to pick up steam possibly giving investors a fourth straight day of gains. Oil is a propellant after the administration said its time to start selling off the spro, the Strategic Petroleum reserve. What the democrats need to see both in and out of the president s budget before theyll start negotiating . Former israeli ambassador to the United States danny ayalon on whether President Trumps two days in israel have moved the needle on middle east peace . And former National Security adv