In the markets its about fed and Jerome Powell saying you know what, rate cuts can wait, but it is appropriate to cut rates this year. Pal reiterating what hes said before, but consider whether its appropriate this year. We also heard from Neel Kashkari, weighing in and saying maybe he sees two or maybe just one rate cut this year. The msci asiapacific index up about 3 10 of 1 . We are keeping and i csi 300 index. It is about the mpc. It states and we heard from the pboc governor saying there is still room for rate cuts. At rrr that investors have a wedding four. We also heard that they will make those moves if they need support in the market and weve seen some support in the market already. In terms of the csi 300 index, in positive territory right now. The yen front and center in the fx space. This office port of government officials saying they support the move to hike rates this year. To our top story, markets focusing on possible dovish moves. Before we get to that, we have breaki
One of the biggest deals of the year. Microsoft paying 26 billion dollars plus to purchase linked in. Mark two minutes to the close of trading in europe. Have a look at where equities are trading, every single Industry Group is trading lower on the stoxx 600, down for the fifth consecutive day. Days, 7 hasive been wiped off the value of european equities, the most since february 11. That was when the stoxx 600 fell , 600two and half year low billion euros has been wiped off the valley value. We are down by 8 since april the 20th. It is all about brexit fears and as the fed meets on its day one, the boj, boe, and smb all meet this week. Look at volatility in equities. This is europes fear index, rising for a fifth consecutive day, the longest stretch since march. It has risen by 55 in the past five days. It is below februarys high and augusts high when we had the chinese devaluation. That was the most since 2011. We are also seeing some stress in the currency markets as well. The premiu
Critical, despite the fact that there are moves to restrict supplies. 7. 5 . S down of course the interest is in what is happening with the commodities. We are below 50 for the fourth month in a row, and in terms of copper, 2009 lows last week. The market seems to be ignoring the moves by the chinese. You are seeing a little bit of a move lower on the commodities. Forward withoing one billion euros. Agreed on terms for some of their striking members. Bff ab inbev maybe sinking. Trying to solve the takeover issues in regard to the 107 billion deal. Waiting for lufthansa. Jon the ftse 100 opening lower this morning. If you woke up early and look at the shanghai composite you wouldve seen a choppy session. Forget christmas, it is beginning to look a lot like august. Despite the fact it had been down by 3 , 90 minutes before close. There was a little speculation that the government had septic stepped in to prop up chinese equities. Chinaurnaround in actually occurred after the other market
Oomberg reporters are standing by around the world to deliver headlines that will drive or day. Caroline hyde has more on the amazon fire tv. Also steps being taken by the Chinese Government to support wrote. Manus cranny has a look at what is on the menu for just eat in london. The European Central bank is meeting today. Concerns field growing that it is sliding toward a spiral. David, good to see you. Will the central bank at today . What are you expecting . Are looking for a cut in the refinancing rate down to zero. Most economists expect not to do anything on the front when it comes to interest rates. There are other things going on. There is quite a bit of discussion going around this. They give everyone quite a bit of shock when they saw the number. There is an argument that the European Central banks simply isnt discharging its mandate. That mandate is to keep prices below or near two percent. They have been closer to zero percent since november. That is one side of the argument