Thermometer but the correlation to equities bonds is really rich. The team leave for me on a monday morning is i see japanese yen just creeping ever so slight. It is just a bit of a weakness. Jonathan 149. 74 at the moment. We averted a shut down and we will get payrolls friday. Ultimately we will do this again. Lisa i cant wait until november when we can do it all again. What i find interesting is the threat of higher rates and the lack of economic weakness on the heels of a Government Shutdown is what is spurring the concern in markets today. All of the sudden people are taken the bond who seriously. Jonathan energy prices, rates, apparently this is the quarter when this consumer frame begins to crack. Tom is the basic theory and then you talk to optimists and there are a number of them and they say no, you saw that in september. I had a great conversation with neil by the neal dudda. He said is not about 4 growth it is tuition to issue two ish. Jonathan jane fraser at city talking a
A warm welcome to bloomberg daybreak europe. From here in the city of london, im anna edwards. Welcome to vienna. The sun was shining as they began to arrive yesterday afternoon. Duration of the november agreement, 6, 9, 12 month at 54. N, and crude the scale of the cuts, 1. 8 Million Barrels is what they had agreed the last time. Could they go for something much more significant . All take you back in time. 5 Million Barrels back in the late 1990s, and the grand coalition which is ok and nonopec. Do the heavy lifting and get on with your job. That is the message, but could they bring more nonopec members on board . They get together today to study the prospect of what a 12 month extension might mean. We will be chasing around vienna all day. Anna some critical things to talk about with regard to the oil crisis oil prices. Oil prices will supported right now, partly on the back of the opec conversation and also with the u. S. Data in mind. Technical indicators suggesting put someures i
Further attacks could be imminent following the suicide bomber in register. What will this mean for u. S. Shale question mark we will speak to former bush energy. Nergy official the ecbam here for review. We will not expect much about Monetary Policy. That is on everyones mind as lieutenantis to top seem to disagree on how the ecb or when the ecb should start to normalize its policy. We will hear about the ecbs outlook for the eurozone growth and inflation and maybe get an update on the target and how the ecb thinks its Monetary Policy is holding up. Guy mario draghi speaking in spain later. That could be a key discussion point. Lets talk about where we sit with the markets. No clear sense of direction at the moment. The markets are looking for the next leg. That is what we are seeing at the moment just either side of the plus or minus line. Lets talk about what is happening with the gmm. You do get a little bit of interest. The aussie dollar is down a little bit this morning as is the
While maintaining the price of Economic Growth . This is bloomberg surveillance. Im mark barton. We have headlines from the ecb. It says debt sustainability concerns have risen in the last six months amid a potential increase in yields. The ecb says risks to Financial Security stemming from Financial Markets remains significant, mainly because of the possibility of a rapid repricing in Global Fixed Income markets. It says an abrupt repricing could materialize because of spillovers from high yields in advanced economies, in particular te advanced economies, in particular the United States. The fed has raised rates twice since last year and policymakers are predicting two more in 2017. Unconventional stimuli are moving close, the officials caution that in the light of inflation and Global Economic risks, qe must be unwound gradually before higher borrowing costs should be discussed. We will speak with matt miller about this. A quick look at the markets today. The stoxx 600 is up by 1 5 o
You. Futures are up after closing at a record high. Treasuries are up despite decent data. 221 is your yield on the 10 year. Up, jobs friday in the trade balance for april. Philadelphia fed president talks on the economy. Robert kaplan takes questions and luncheon in texas. Baker hughes rig count, we are looking at oil, its getting hammered. Its going to be brutal to watch that cap. David President Trump has decided to withdraw from the paris accords. The reaction worldwide was immediate, even from prominent ceos who turned to the president s favorite means of munication. Climate changeed is real, leaving paris is not good. Bob eiger followed soon after. He resigned from the president s council. Thehead of Goldman Sachs cited to send his first tweet ever. He said its a setback for the environment and the leadership position in the world. Saidbenioff of salesforce he was deeply disappointed by the decision to withdraw. We will double our efforts to fight fight crime it change. Lets star