Are joined by the deputy chief Investment Officer at credit suisse. We will talk about the markets, valuations, and everything in between. Later, we speak to the former bank of england governor, parenting, about this important vote in the house of lords. We will ask his blueprint for brexit. For we do all of that, this is a picture for the market. Your data. O a little bit of flatness when it comes to stocks in europe. The pound is probably the one that has seen the most fluctuation today. We have disappointing data out of the u. K. We had strong numbers in terms of retail sales. Over the last five or six trading days, there was a little bit of concern in terms of services and construction data. 0. 8670, and the vix index could be flat. First, here is nejra cehic. Itra the u. S. Has announced has unloaded missile launchers in south korea to start deployment of a Missile Defense system on the peninsula. Koreave came after north fired missiles into the senior japan on monday. That prompt
On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning
And the problem with loose Monetary Policy. We will break down the ecb decision on rates, and the entire mario druggie News Conference draghi News Conference. We count down to the ecb decision. The opec meeting in vienna. Wall street awaits the latest jobs data. Kick it off, less than 45 minutes away from their decision. Lets check in with the team leader, i am told the News Coverage will be watched closely to get the forecast. Interesting,ing is whether there today, no fresh stimulus probably, likely to show the inflation has not changed since the last projections in march and that is something of a disappointment because the last forecast did not include the ramp up of monetary stimulus, extra bond buying, negative loans and another cut in Interest Rates. A signal the ecb is starting to struggle. It will always say it can do more but it wants governments to play their part in helping the euro recovery. Investors will look for more detail. Nots past june, 2016, i do have a date and si
Lot of political crosswinds depending on which way they choose to do it. Jonathan a big story for us in fx volatility as well. David the big story comes up in just about 45 minutes from now. The ecb will be announcing its latest Monetary Policy decision. We will break that down when it happens. Well bring you to Mario Draghis News Conference. First, lets take a look at those markets. Jonathan a look at the market futures. In europe, it is a decent session with the ftse up. The dax is marginally negative. It is sitting very close to the january 2016 high. No drama and the market. No drama in the fx market, that is the story. A boring currency market implied volatility. It is approaching new load for the year. The boring one so far as the euro dollar currency cross. It is stable and stronger today. We have been in a very tight range. We trade stronger ahead of draghi. Four days of gains for crude. A 46 and 4627. In the bond market, we come in at basis points to 2. 26 . Fulltime year bond
Stephanie a cultural leader. We think about what wall street has been or the last war years. Mike bloomberg to Michael Lewis talk about talking about what an extra ordinary character he was. This ecb announcement coming today. You are looking at green, matt miller. Poker andad liars that is what got me interested in this business. I had the honor of interviewing John Gutfreund on many occasions and an absolute giant in the industry. Anyone who has not read the book should. Look into his career. Markets, gains in futures ahead of the ecb meeting. All about the ecb meeting today. We were playing cool and the gang earlier, excited. Stephanie you were playing cool and the gang. I would like to separate you. Matt a celebration. Seeing what mario draghi does, the market expects him to cut the rate by 10 basis points, 80 . A 20 chance, according to futures that he cuts by 20 basis points. That would be the bazooka. Overnight in asia in anticipation of this, the shanghai, down 2 and hong kong