Brands at morgan stanley. Plenty of good news stories in the market today. The 10 year yield is at 1. 84 . A couple of dynamics going on here, not least of which Stephen Mnuchin talking about issuing a 20 year bond to help with the deficit. Guy really interesting story. Here in europe, stocks are at record highs. , a couple of reasons for this, one of which is the china data we will talk about in just a moment. Your conversation with phil hogan, the eu trade commissioner, sounding reasonably positive overnight in the conversation you had with him. That has helped sentiment here as well. Really weak retail data out of the u. K. Today, confirming the idea we could see a bank of england rate cut shortly. The pound is trading lower on that. Weve also got key levels being tested and it comes to eurodollar as well. I am told you want to watch out 1. 1080, a really key line in the sand. 1. 1102 right now. Growth helped by industrial output, retail sales, and fixed investments, all beating est
You have the u. K. Election. On the back of the most recent polls, still can say still saying the conservatives have a Comfortable Lead over the conservatives over the labour partys. Ecb and its new president meet on thursday. This is the stock we are watching out for down 61 . The chief executive quits and they canceled the dividend. Coming up, we will discuss the report on septembers repo prices. Up at 9 30 a. M. London time. This get to bloomberg first word news. Viviana yesterday hundreds of thousands of people joining hong kongs biggest demonstration in months. Popular unrest will continue. Organizers say 800,000 people marched through the city. Police putting the number at 180,000. The rally was the first promoted by the civil human rights front. The mayhem in the u. S. Repo market in september was not just a temporary hiccup. Ended in part up because the u. S. Banks now hold more of their liquid assets then treasuries. This is relative. The bif warning this problem reduces their
Typically on the day after thanksgiving. A little bit of a selloff in the treasury market. Yields a little bit richer across the curve. Weve been seeing this all week, even as equities did rally on monday, tuesday, and wednesday come over to those record highs. The dollar has been heading for its ninth straight day of gains. The dollar still setting up for its best month since july. And we want to take a look at crude. This is a pretty interesting reversal. He came in premuch flat on the day on wti, now down almost 4 . A lot of concerns about opec and their commitment to production cuts. Market not quite buying it. You can see that selling off a little bit as we head into the middle of the day. Lets talk about what is happening in london. We are expecting an update from the metropolitan police within the next few minutes. When that happens, we will bring you the headlines from it. A number of people have been stabbed on London Bridge. We will bring you the detail. In terms of the marke
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
Are watching in europe and the United States. The stoxx 600, really like volume today, but up near session highs. The eurodollar under pressure, so the single currency feeling the pain. The dollar goes from strength to strength. 1500, 1486. Elow maybe some positioning around what has been a fantastic run for gold. Vonnie in the u. S. , we are looking at small positives for the s p and the dow for the quarter. Today, the s p is up about 0. 25 . It could be adding to that gain for the quarter by the end of day. The best performer in the s p 500 right now is newell, up almost 5 from an upgrade to 25 a share. As you can see, we are crawling up towards that mark as suntrust says the bottom is in for newells strategy. The money coming out of treasury market. Some money coming out of the oil market as well. 50 to five dollars 55 since a barrel 55. 50 a barrel for wti. Guy a lot of anticipation around Credit Suisse this evening. Its board is apparently backing a cruciale thiame in meeting that