Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec
Can they sell enough assets and will there be the buyers to make the regulars feel ok . Jonathan some of the regulators have already given that deal the green light. Its a more concentrated industry. Alix we will be discussing this economy as well as the fed and investing strategies for a low rate world. Will be here. We will discuss whether the recent volatility is here to day with Julian Emanuel. Relativesn asia but stability in europe. Jonathan we have a day of gains potentially in europe with the ftse up. 6 . Not much action in the fx market. We are stable at 132. Data come so pretty much unchanged versus the previous month. Helping over in london. Up by 1. 26 . Credit growth in china making a comeback. In a bond market here we are. Coming in by basis point at the front end. We are set up for another big day in the markets. That 30 year treasury auction not going very well here in the u. S. Ares go around the world indepth coverage of all of those top stories. Megan murphy is in ne
Brexit. That came up to a 15, 16 month high. Coming to brexit, i just dont know if she has a plan. I think that is the confusion today. Emphasis appears to be on immigration. Represented in the market. Coming up we have several guest. Charles peabody managing director of compass. Is here to talk about systemic increase. Deutsche banks chief economist joins us to help make sense of store for a Europian Union minus one. Time, the market. Lets get the global score card up. Relatively flat in the united states. Percentage point. Today in losed frankfurt. 128. 78 down. Two opposing forces. Throughout the uk is positive. He politics thats whats weighing on sterling. The pound sliding after the pledged rime minister to start pulling the uk out of the Europian Union by march. Theres no such thing as a ifference between soft brexit and hard brexit. Hard brexit is a conscious reject trade is a false dichotomy. Whether people like it or not, the country voted to leave the and that means we are go
The selling is fairly steep. A selloff that is not only steep but broad. , everythingthe imap is in the red. Energy is declining the most, not surprising with whats happening in oil prices. Financials, discretionary also participating. I want to point out one stock, chesapeake energy. Reports that the company will be one tranche of its debt. There has been a lot of concern over the oil and gas producer. The stock has been halted several times this morning. I believe it is currently halted once again. This is what happens when you see big movement in a stock. It looks like that is happening with chesapeake as it declines. Lets get to oil prices as well. 30. 08 a barrel, as there is still the same concern as in the markets as far as the demand equation. Interest inat open crude futures, on the long and looking atso we are short contracts in yellow come along contracts in white. Added together, you have the largest amount of open interest on these futures going back to 2006, when they sta
The sectors are on the move. We have energy with the biggest drag, followed by materials. Discretionary also doing its part. Were seeing tech not down quite as much, which explains the nasdaq. First of all, while prices are lower once again. They held up relatively well yesterday. It went downward after we got the inventory report. We still positive for much of the session before heading lower late in the day. They remain lower today. That is what is causing pressure on u. S. Stocks. We goter thing is Consumer Price data this morning. Inflation is rising more than economists had anticipated. You get the regenerating of Interest Rate expectation on the part of investors. Brendan what happens now . Is everybody going to a safety trade . Julie gold prices saw a big lift yesterday are continuing to gain in todays session. If you look at what is going on in the treasury market, were seeing something of that as well although not Much Movement on the 10 year. Yieldsan increase in after the cp