Deutsche bank is said to be considering funding private equity firms to buy distressed loans. How will the u. S. Authorities react . Lets talk about the markets. Im going to do gmm first. A quick look at what is happening around the world. Japanese yen, big move. Trading 116. 01. We are seeing a weaker dollar. The bloomberg dollar index down 0. 6 . The danish krone is moving. The euro is up 0. 5 against the dollar. The dollar, despite fed fears, is actually going down. Take a look at the Commodity Markets as well. Theres a big china story. Zinc on the move today. You are also seeing copper on the move as well. Familiar to the beginning of last year. Lunar new year is coming up very shortly. The markets on the move. Heres the bloomberg first word news with juliette saly. Juliette thank you. Donald trump has picked a wall street insider to the his top regulator despite railing against the industry on the campaign trail. Clayton toinate jay head the sec. Clayton has represented Financial
Hsbc names mark tucker as the new chairman. The shares jumped the most since december. And the fingers on the trigger. British Prime Minister theresa may is poised to invoke article 50 and start the Brexit Process as early as tomorrow. But is sterling oversold ahead of brexit . Matt guy, we are less than half an hour away from the european cash open. Lets take a look at where the futures are trading right now, pointing to very slight gains, very slight. Is the cac, gain but otherwise the dax is slipping. Im taking a look also at german yields. Let me zoom in on what we are seeing here at the open for looks like climbing just a little bit investors are selling off german debt, maybe the 10 year isnt what we should be focused in on. The short end of the curve looks extreme, very negative as far as the shorter end of the german debt curve. Guy was interesting as well is the relationship to switzerland we will bring you that chart later on. Lets go to the gmm function. I want to deal first
I love that question. If they get a be key getting into friday. Ofathan for me, the bank england leaves forecasts unchanged. The overwhelming majority expecting rate cuts this thursday. Thats going to be fascinating. Alix fascinating communications coming out of the boe. That trickle down into european stocks. Rally into the recent coming off the biggest monthly gains this october. The hsbc Global Equity strategist ben laidler. Lots of red on monday. Thethan lots of green in last five months. The s p 500 has been win, win, win. To kick off this mondays trading is softer in europe, the ftse down about. 1 . The dax marginally in negative territory. Alrightx market, its on this one throughout the week. The cable rate with a weaker pound off the back of some pretty weak manufacturing data coming out of the United Kingdom ahead of that bank of england rates decision. Is coming thursday. The commodity market is just wow, wow, wow. The biggest monthly drawing some down as weith wti kick off a
You have to be seeing across the board, every single group is falling. Equity market feels the pain. Alex will talk central banking and the markets. We clearly want to be discussing where we are going ahead with our guests. We will be talking with scott mather, coming up in a bit. Fascinating, his viewpoint on when they will hike. And of course how good that job number has to be. Alix overall we are looking at a market rerating for the fed hikes expectations. It comes to equities, the dax lower. You have emerging markets lower over the last two days, and they are trickling through with a story in the fx market that is stronger that is the stronger dollar. Particularly, dollaryen, 1. 02. You have yen weakness, but is that confidence about the boj in rode a in corrode a commodities are getting hit across the board. Off by 1. 3 . Ti, a 47 handle now for wti. Bond marketsthe friday you saw that big rally ofyields on the front end the curve. The biggest jump, 10 basis points, the biggest ju
Building on the brexit. We speak to the ceo of a Company Following the vote to leave the European Union. Caroline half an hour until the european open. Great to be back with you. Sunny skies in germany. Looks like the sun is shining slightly on risk assets. Oil trade is higher pushing higher the risk appetite. The aussie dollar on the move following the decision by the reserve bank to leave things on hold. It is up around 0. 6 . There may be a role in the contract in wti and brent. Brent is up around 0. 5 and of uti up around 2 . In terms of where the equity markets they are broadly positive. Asian markets hitting one year highs. Here is the bloomberg first word news. The bank of japan should wait until after the u. S. Federal reserve decides on Interest Rates before acting up writing to an economic adviser to the Prime Minister in japan. The boj risks having its efforts overshadowed if it expands monetary stimulus at a policy meeting this month and then the fat hours later decides to