Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
They have not opted for more radical wake up plan. And mexico cities earthquake leaves over 200 people dead. What impact will it have on supply chains in the United States . Matt we are less than half an hour away from the european open. Lets take a look at equity index futures. Very Little Movement as investors await the fed announcement. You can see the euro stocks futures are down at one of 1 and ftse futures are up by of 1 . We do not see any moves better than that. Take a look at the bunds and my here. Al and i have up speaking of minimal movement, we see almost nothing today. I will zoom out what we so far a move of not even close to one basis point. Been for thee have last couple of days on the german bund yield. Guy it is a focus on what is happening in washington might is all about the fed. Not about the Balance Sheet rolloff. The market seems very calm about that. It is all about the dots and what those dots will signal about the 5050 coin toss whether or not we get a decembe
They do see fourthquarter dajusted ebit. At 200 ebit monthly users up about 4 . The stock up about 5 in the premarket. David we have earnings at ford, ford out of they are beating on revenue and earnings per share. Gap actually reported by earnings per share of . 39 per share as opposed to a . 32 percent . 32 prediction. They controlled costs beautifully. They had record sales in the pacific in asia. The one thing that fell short, europe. Why . Brexit. Bob shanks will be talking about this in about 20 minutes. Jonathan the ecb, 45 minutes away we get the decision. Is it that beginning of the end of the qe plan . Mario draghi expected to announce a scaling back of the Bond Buying Program and loose Monetary Policy. Running us now from outside the ecb in frankfurt is bloombergs matt miller. What is on the table . Matt the consensus is for a cut in half, from 60 billion euros a month in bond purchases down to 30 billion euros a month, and an extension of the program for nine months until s
Up on what you need to know throughout the day. The headlines look like this. It is a Hung Parliament for parliament for britain. Some talk we would hear from theresa may around 10 00. That is denied right now. Exit uncertainty is the big story surrounding this. Is a softer brexit now a more likely outcome . We are going to take you lived to brussels to discuss that issue. What is going on with the pound . It is trading lower. The cash open in around 30 minutes. Matt it was interesting. When i came into this trading for around 4 00 this morning, there had not been a lot of action overnight, especially not relative to what you softer after brexit and the trump election. I thought we would see the pound move lower and more volume. That picked up once you got the Hung Parliament headlines coming across. We have seen no a pretty serious size in town to selling hit new session lows just minutes ago. Within the last couple of seconds at bbc is reporting theresa may is saying she has no inten
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