Customer. And sell them straight to the customer. A decade after the financial crisis, is the world ready to be taken off of financial and support . This is bloomberg surveillance and im Francine Lacqua in london. We go to a suburban paris, where six people have been hurt after a car rammed into them. Police are still searching for the driver and the car. This is according to police reports. Place aftere sentinel operation since n was declared to remain until it is no longer useful. This occurred in the northwestern suburb of levall ois. We will keep an eye on that. On to geopolitics and the impact on the market. We see a very clear movement into havens. This is what we are seeing the goldyen gaining on the tensions in north korea. European stocks, slumping following declines across most of asia. The vix is up. Does get straight to the bloomberg first word news. Reporter the South African rand has led declines among major currencies after president jacob zuma survived another bid to ou
And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democratically elected leader to be forced out of office. Icourt upheld parliaments decision to impeach her over a rolen a corruption scandal. It opens the door for park to face jail time and triggers a president ial election within 60 days. Police in germany have arrested a 36yearold man who injured seven people with an ax at duesseldorfs main train station. It happened before 9 p. M. Last night. The sus
Inflation. Welcome to countdown. Happy friday. Nejra im nejra cehic. Manus and i manus cranny. We will get to the geopolitics of north korea and south korea at the moment. But have a look at the bond markets. Are we reaching a capitulation point for building up to one in the bond market . By 2 . Ond yields, up we want to look at the japanese bond yields for capitulation. Here of the global bond yields. Cracks are beginning to appear. Draghi, did not even discussed quantitive easing. Mark carney says the bank of england is not triggerhappy. You can see the beginning of a movement. What are we focusing on the jgb market . Because of the correlation. The correlation between the jgb market and the rest of the market. I think the other thing you can see as well, the 30 year spread. We will hear more from Jeffrey Gundlach later in the show, saying, this is a warning. More on that i look of it later. Nejra that is a great chart. The question is, is japans bond route going to seep into the wor
What kuroda is going to do and how that affects the global bond market. We will debate the future of the feds Monetary Policy with former minneapolis fed president gary stern. First, jon will bring us uptodate on the markets. To the bloomberg, gear up for the session on wall street. In equities, no real drama. We are down about one third of 1 . The dax off by. 4 . The real shakeout is having fixed income. Lets move things over to that asset class. The long end of the jgb curve, yields up by eight basis on the 30year. Endntially it is a long selling off quicker than the front end. The idea as they the idea is that you place in more inflation, more stimulus may be, but more specifically, the central bank and the bank of japan may shift things toward the front end and allow the long end to selloff a little bit. In the fx market, the move is as follows. The dollar is stronger. Up about. 1 . Dollaryen has been absolutely whipsawed by what is happening. If you thought the fed and the specula
There is quite a lot going on on the bond markets. Mike you are wearing a falllike sweater. Maybe we are past the end of summer and there is a seasonal adjustment problem. Sudden, there is a lot of news affecting the markets. Does it last, does it change direction . As i knock into my microphone there. Francine it still feels quite binary. Lets get to the bloomberg first word news. Here is sebastian. North korea says it has the ability to make Nuclear Weapons that will fit onto rockets. Regime conducted its fifth nuclear test. The president of south korea called it an act of maniacal recklessness. In france, police have arrested three women who were plotting imminent terrorist attacks. Earlier this week, a car containing gas canisters was founded Notre Dame Cathedral in paris. The u. S. Secretary of state john again. S back in russia earlier this week, the United States complains that russia has backtracked on agreements to end the syrian civil war. May is allowing the creation of new