Have a look at where european equities are trading now, 30 minutes away from the finish of the wednesday session. Stocks are rising, shrugging off geopolitical tensions. Awaiting the release of the minutes from the fed meeting which we will speak about with our next guest. Currencies are falling against the dollar and yields are rising in europe with commodities moving in brent crude down 3. 5 . We had pmi data out of the eurozone for manufacturing and services. Expansion of. 7 to the Second Quarter this by a slight slowdown. Fromauge dropping 56. 3 56. 8. For the first time in more than three years, output increased and all nations, covered in the survey. That is significant as the ecb policymakers prepare to meet in the coming weeks. Talking about portugal, portugal equities could climb 35 by late next year as violation benefits from the countries improving macroeconomic fundamentals. It says the head of equity strategy, the benchmark 20, which is at about twice as much as the stoxx
10 billion a month, ramping that up to 50 billion a month in quarterly increments. They could not agree. Several Committee Members favored starting in a couple of months. That. Preferred to do for er that. Fer to def it could be argued that some of the dots would prefer to get more time before taking any action related to the Balance Sheet. Some of the doves would prefer. More hawkish members may prefer to move ahead with another Interest Rate increase before the Balance Sheet is taken on next. ,n the question of inflation the official message from the committee is still viewing inflation of the recent dip in inflation as something that is transitory. Committeembers of the doesnt several participants expressed concern that progress toward the committee to present longer run inflation objective to present longer run inflation objective might have longer run inflation objective might have slowed. There were some senior fed officials, including janet yellen come who talk about high equity
10 billion a month, ramping that up to 50 billion a month in quarterly increments. They could not agree. Several Committee Members favored starting in a couple of months. That. Preferred to do for er that. Fer to def it could be argued that some of the dots would prefer to get more time before taking any action related to the Balance Sheet. Some of the doves would prefer. More hawkish members may prefer to move ahead with another Interest Rate increase before the Balance Sheet is taken on next. ,n the question of inflation the official message from the committee is still viewing inflation of the recent dip in inflation as something that is transitory. Committeembers of the doesnt several participants expressed concern that progress toward the committee to present longer run inflation objective to present longer run inflation objective might have longer run inflation objective might have slowed. There were some senior fed officials, including janet yellen come who talk about high equity
Inside and outside tomorrows meeting . Oil rebounds. Crude came back from the date biggest daily loss in four weeks area your stockpiles declined. Is the glut cyclical or structural . We will talk about what that means for the global economy. Were less than half an hour away from the start of trade. Lets look at where the bloomberg is telling us trade will take us. It looks like anybody is going to be sleeping peacefully through the market open. The moves are even more subdued than we saw at this time yesterday. European markets are going to be going sideways. Lets take a look at what the jim m us about the picture around the world. Ats focus in on the number of areas. The peso has been a number an interest. African market bouncing back. We see the indian market is a focus of attention up by. 4 of 1 as we continue to digest the impact of the new sales tax. That is what the market is doing. Here is the number first word news update with juliette saly. Juliette thank you. The u. S. Has t
We have a packed and great show for you today. We speak exquisitely to the ceo of italys biggest bank. Jeanpierre mustier. In 10 minutes from now. And in our brexit show at 9 30 a time, and another exclusive and that comes from terra firmas justin king. Breaking news out of china, on a day where we are seeing nervousness on the market spirit and this is what we are seeing on these China Foreign exchanges. For the end of june, coming in 5 trillion, below what economists were expecting. Lets check on the markets. Overall, its the selloff we were talking about yesterday that seems to be continuing. So, were seeing a little bit of a repricing on some bonds. Bund,year german yesterday at this time we were at 0. 49 , then we touched 0. 5 , 0. 57 . That means there is a little bit of a repricing, for example in the italian. You can see this index at 12. 52. Lets get the first word news. Is being seen as suspect behind the hacking of a dozen power plant. A Nuclear Facility in kansas was among