Good afternoon if you are watching in asia. There is a risk on mood in markets and looking at the stocks europe 600 gaining. 2 . Treasury gold and yen extending some losses. Eurodollar 113. 69. The u. S. 10 year yield with a bold call from Goldman Sachs. A lot more to say about the 10 year yield talking about centralbank dovishness around the world and some of the Economic Data coming out the next couple of weeks. Also up, we speak to david from Harris Associates, the chief Investment Officer for international equities. We will talk about commodity stocks. That conversation in around an hour but first, lets get the bloomberg first word news in new york city with Viviana Hurtado. Goldman sachs joining j. P. Morgan in slashing forecasts for u. S. Yields. The lender now sees the 10 year years and the carried that is down from the two point a projection as recently as last sunday. The new figures price index that patient of the prolonged trade war and a dovish shift by key Central Banks. T
Liquidation still to come . Commodities up in selling. We are going to speak to bob dudley of bp. Matt, lets talk about these markets and figure out what is going on. We know it has been ugly for equities. Australia down by 3. 2 . Roughly. I down 10 futures are making a comeback a little bit. Interesting to see the chinese taking a little bit of action. Maybe to limit the losses for investors there. Keep an eye on what is happening with the dollar. Lets show you what is happening in the commodities space. We are about to speak to bob dudley. Brent is trading down. By. 86. The bloomberg Commodity Index is down by. 3 of 1 . What we are seeing is a move down. Weve got a half hour to go until the start of european trading. Matt take a look at futures. It looks rough. When you look at european features, we have seen a recovery in s p 500 futures. 2 . Own only remember, they were down only. 09 yesterday. Is. U. S. Markets, that european features still down. 3 in someture down change. Dax fea
Recess with plenty of things on the agenda. How volatile will september be . A key question for investors. What does this mean for the European Aerospace industry . It is a big deal. We are going to take a look at the supply chain and check out what it means for not only airbus but boeing as well. Lets look a gmm. What is interesting is that equities have sold up a little bit. The yen as well bid. You can see the relationship there. The rba was interesting. The aussie dollar up. 2 . The swiss franc is continuing to climb as well. What is interesting, remember the yen and swiss franc theres something missing . Gold. Gold looks like it is running out of steam a little bit relative to the other safe havens. While the yen and swiss franc have bid, gold doesnt seem to be catching the same level of attention. 8 . Ore is up by lets took about what is happening with the equity markets. Lets take a look at the fair value on your bloomberg. Where the u. S. Is going to open a little later on. 50,
Cfo about politics, the economy and the integration of popular. And jes staley tells us the bank is stronger and fitter. Is the same true of Deutsche Bank . Matt will go to the ecb, it is a big game and day in frankfurt. Waiting. Ay of we do need to see what is draghi. G with mario and this is , the banks are the key but central and commercial. Lets show you what is happening in the gmm and give you a sense of what is going on. Interesting day yesterday, the mexican markets in focus. The s p down. 5 of 1 . In terms of moves, those are decent sized moves for some of the biggest benchmarks out there around the world. Currencies this morning, the ones trading higher are the resilient ralph brazilian real. Higher, therading yen is up by. 2 of 1 . Heres juliette saly. Juliette Deutsche Bank has reported a bigger than expected drop in thirdquarter trading revenue as europes Largest Investment Bank keeps losing ground to rivals. Declined 30 from a year earlier. Worse than the 15 decline and t
And russia say they are in favor of extending an output cut into next year. Oil jumps to its highest level in two weeks. How far could a Short Covering rally take crude . We will talk about that in a moment. And europes new power couple. After a big win for merkel in the key state of north rhinewestphalia, how will macron and merkel reshape the eu . They meet in berlin later today, matt. Matt thats right. Expecting that meeting around. Oon, so six hours from now we are less than a halfhour from the european open. Bureau stocks euro stocks rising a quarter percent. Cac futures, looks like a risk on day. Investors are selling off bunds. I have a threeday chart, lets move it to one day so you can see the price action. You could see some volatility there, but yields are still up 0. 4 . Right now, to. 0 guy what do you make of the win for merkel . North rhinewestphalia is big, and she took it big. Is it in the bag, when we get to the central vote in september . Matt i dont think you can say