Rates are the second time this year, but Jerome Powell says only moderate policy moves are needed from here. Down, a more turn extensive sequence of rate cuts could be appropriate. We do not see that, it is not what we expect, but we would follow that path if it became appropriate. Anna the fed also plans a cash injection to tame the repo markets. Sticking to its guns, the boj calls for an october review after leaving policy unchanged. Investors look to the bank of england for their Interest Rate decisions later this morning. A halfhour from the european open. Treasuries, let me trim this chart down. We have come back down from the fridayike we shot up to my currently trading at 1. 70 after Jerome Powells press conference. We see futures pointing to a negative open in europe. On the s p more tellingly. French futures flashing a little green. Off almostures are 0. 25 . What do you also see . Anna u. S. Futures do not will bethe late rally sustained into todays session. We see negative r
T is e. C. B. Day. Well talk about the e. C. B. s options for tapering and then in just over an hour we will speak to pimcos andrew. This is a picture for the markets. Overall there has been a little bit of movement on the back of the debates. Mr. Trump, donald trump refusing to say he will accept the Election Results if he loses. Dollar advancing again. It all has to do with the e. C. B. You can see the stocks in europe pretty much subdued then i want to show you the mexican peso. This is important because it is a proxy for the chance that donald trump will win and you can see mexican peso down 0. 4 after strengthening a touch. The currency has risen more than 4 this month. There is a growing likelihood that trump will lose the coming elections. This is the trump effect. Were not only seeing those on pesos but also on the Australian Dollar bets. His is the mexican peso in white anything below the line means more short and above means more long positions. Lets get straight to bloomberg
We are reunited and stocks are up, what a difference a day makes. It is a two day gain since 2011, banks are up. I wonder how long it will last. Guy i spoke to a number of people this morning and they do not think this will last until the end of the week and that it is a kneejerk reaction. That was certainly the view that was held. Francine lets get to the bloomberg first word news. A global stocks extended their rebound to kick off the week, gaining traction amid losses that a their market was expected. The stoxx 600 appears headed for its biggest two day advance in more than four years. Hsbc has decided to keep its Global Headquarters in london, saying the u. K. Is a globally connected economy. Ceo said in a phone interview that written leaving the eu would affect the bank the most. U. K. Has been based in the for 23 years and says remaining there is the best option. Banks are taking a hatchet to their bond trading businesses and the biggest casualties are the people with most experi
Russian. We would never get along, anyway. The former england football captain tells bloomberg about his latest business venture. I am looking forward to this kind of venture, because i think it is one that hasnt been done before. It is a partnership that is special. I am mark barton. I am anna edwards. It is 6 00 here in london. Very good morning to you all. Decision day for the European Central bank. The ecb may have an expensive and expansive new headquarters. There are familiar problems to contend with. Setting the benchmark Interest Rate for the eurozone. It could come in the druggie news conference. Give onications may he how fast the ecb will go to stimulate the euro zone economy . Announcing the benchmark Interest Rates. That is likely to stay at the record low 0. 5 . Mark carney says the u. K. Economy still requires stimulus. We will have to wait to see if more members of the Monetary Policy committee wants to raise rates. Last month, two of the Nine Committee members favored
Mother tells us how he is fighting off the competition. Manchester united gets ready to report results later. We take a look at the family behind the franchise. Breaking news for you, gdp day in europe. We have had numbers from germany, france already. Italy data is breaking right now. Down the number. It is a surprise and not a good one. It is 0. 1 . That is pretty low. But france, a mess. Ande regions all missing delivering really weak growth. The only one that beat is germany. There is no comparison between germany and everyone else. This is not a deal maker or dealbreaker for the ecb but it adds fuel to the fire for them to do something. The euro already falling into negative territory. How does this data fit with the ecbs next move . On the inflation point, the say be the ecb professional forecasters revised their outlook. This is the key, the inflation outlook. We will get one for this month and a couple of weeks. For this year, next year and the year after. Mario draghi has told