We are going to bring you todays market moving news from all around the world, from london to brussels, istanbul and washington. Our bloomberg voices are on the ground with this mornings top stories. We want to begin in turkey. The country has agreed to tip a rarely halt its military offensive in northern syria, but it is not withdrawing its forces. The lifting of sanctions may come with a permanent ceasefire. Theence with implementation of a ceasefire, the United States will not impose any further sanctions on turkeys, and once a permanent ceasefire is in effect, the president has agreed to withdraw the economic sanctions that were imposed. Joins usimin demokan from istanbul. How does this play out over the next 24 hours . Simikin turkey is expecting the kurdish fighters to withdraw from the areas. President erdogan said he expects to create a safe zone once those kurdish militants have left the area, and the safe zone will be 444 kalama theres long. 444 kilometers we also expect turk
Just under 30 minutes until the end of the session. The high, the bull market we entered yesterday stuttering, or is it sputtering . The lefthand column are the european equities, down by 2 3 of 1 . All those currencies rising against the dollar. Weve got a mixed bag in the bond market, the greek 10 year yield is lower. Commodities and credit default swaps are the final two. You know im a bit of a whichcal analysis nerd, is why i love this chart, the euro stocks 50. From what weve seen in the last 14 days, according to the relative strength index, weve seen the euro area stocks are overboard. Running, the euro stocks 50 has been about 70 and above. 30 and below is over. That is the longest run in overbought territory since 1999. The euro stocks 50 is one of the stocks 500. Is. A wonderful sure that continuing to go from strength to strength. Highest level since 2013. Core inflation is important. Inching up to. 9 . It is barely off its lows,. 6 last year. Inflation creeping up, this wil
Near its goals. My question, why is this time any different . Alix you have to see, are we aing to have a dudley and fisher that are very different. Fisher is on the more hawkish side. What does that mean for yellen on friday . We have bank of americans global head of commodities. An interviewrx, you will only see on bloomberg. It was still a dollar move today. Jonathan an equity move off the back of that. You are looking at futures in the United States. Down 1 4 of 1 . 2 of 1 . Down 1 w speak. Ad a week of saifed the guidance from stan fisher, the interpretation is a right on the rate hike stillo table. A stronger dollar dominating. In the commodity market, stronger dollar, the commodity complex often. Copper down. A big week of gains for crude last week. Wti putting together its biggest weekly pop since march. Supply coming back to the market. Will talk about that later. In the bond market, the yield curve on treasuries and focus on the back of vice chair Stanley Fischers comments ov
Are the wins that are blowing change agents. Looking at the dow s p and nasdaq we saw the dow and s p slip into positive territory but we have seen gains fade away basically. The s p 500 down about 2 10 of a percent. This is after Stanley Fischer did say that the u. S. Economy could see some growth later this year. Potentially putting another fed rate hike on the table. Lets see what is happening in terms of the imap functions. Did see more sectors utilities of about 5 10 of a percent. Health care still a little afterve but premuch flat. Hat happened with pfizer what stick a look at plays in terms of speculation. These three stocks in terms of rid general denver text up on the order to about 3. 7 especially after speculation that one of these others might be in play. One commodity to talk to about is also pulling on the markets, oil breaking a sevenday winning streak down your session lows down 3 here. Chair fishero fed talking about hawkish comments we are seeing the baker hughes coun