Is it real yields lower for longer . And it is september. The city and wall street consider how fixed Income Research will survive as we know it. And we start with the big issue today without question the u. S. Jobs report. One month is noise, and the next few months will be noisy because of the disruption of the hurricane. Im not sure investors should put too much stock in those numbers. It is on the softer side. It benefits all of our positions in International Markets where we think returns will be higher, but we shouldnt forget that this number will be back on track before long. Claims are much more stable than, you know, payrolls, and they are not showing any problem. We have had all sorts of numbers. But when it is not confirmed by other data, Consumer Confidence remains very strong. I think the market is going to blow this off. One the first thing i looked at was the wage number and it has been flat at 2. 5 for a long period of time. We need to put more money back in u. S. Consu
David right, a big week for markets. Japan is closed. Have a look at where we are. We talked about 2500 on the s p 500. Asian shares are at a 10 year high. Where does that take us . Have a look at this chart. You the ups and downs of momentum. Might haveare that pushed it below trendline in early july. Rsi almost dipping below 40, but rebounded nicely. This shows you that the bull market remains intact. Japan is shut, some not a lot of updates. It is still risk on. Not a lot of appetite for haven at the moment your it could at the moment. It could change this week. Lets get you to the open up markets. Sophie is tracking all the moves monday morning. Sophie the flavor this morning is risk on. Singapore joining the upswing along with the taiex. The malaysian ftse down. Haven assets, the yen and gold on the back foot. The dollar rebounding from the drop on friday. The yen is down. 3 . This could be the unwinding of positions. We are seeing liquidity given it is a holiday. The key data poi
Under 30 minutes until the end of a session. Go. It will extend until the end of qe 17. The caveat, the ecb can expand or extend if the outlook worsens, it can buy assets below the deposit rate if needed and abide bonds maturing between one and 30 years come a whole load of measures. Look at the move in the market come equities are rallying and we see the euro fall and bond yields are rising. Lets look at the other big stories. It is a month since the u. S. Election, the 2 trillion shock is what some could call it because since last november 8 a month ago today we have seen global stocks, the blue line is risearket capitalization by 2 trillion and the bond market, the Bloomberg Global aggregate market value, a tongue by 2r, but it has fallen trillion, one rising 2 trillion and one falling 2 trillion. You know why come all about the reflation train come a lovely chart and very simplistic. I want to show you about the differential in performance between the european stock market and the
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