Lets quickly check on your did. We see somey where distortions are some of the key data points we need to watch out for. Risk assets seems to be taking a breather amid the further signs that chinas economy is cooling. Base metals seem to be dragging down a lot of the mining stocks. Bp and the stoxx 600 basic resources down 1. 3 . Major currencies drifting before the Rate Decision. The inflation data which is why want to show you the pound 1. 32106. And eurodollar. We will talk plenty more currencies throughout the hour, the lets get to first word news. North korea has been to use a Nuclear Weapon against japan. Agency quotednews that japans archipelago should be sunken into the sea. The japanese said that the threat was an abominable provocation. , some has blood chinese backed investors from buying a semi conductor. The fourth time in a quarter of a century that the u. S. President has stopped a foreign takeover of a firm. China says it is concerned by the move and that the u. S. Shou
Weve got a great show lined up for you today. At 9 30 we have our special Weekly Program brexit, what is next . Our panel will round up a dramatic week for the u. K. Next line the ftses rally. We bring you all of the political news as the country plants its exit. At desperate forget to all of that, lets take a quick check on what is happening. The big story is sterling today. It dropped more than 6 in two minutes. 12455 1. 2455. It did drop as low as 1. 18 41 and one point. The ftse 100 pointing higher, up. 5 . Still well above the 7000 mark. A lot of the gains in the ftse have the currency effect of a weaker sterling. By. 5 . X 600 down just to take a check on the 10 90r gilt yield, where at basis points there. Lets switch of the board and take a look at another essay class. The dollar up for a fifth day. Desk that its of the ahead of the jobs data we are getting out of the u. S. Later. The market beginning to price in that fed rate hike in december. We are seeing its longest rally si
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
We are getting a headline from it is a of japan and significant number because it is double yesterdays amount. We are seeing bank of england and bank of japan. Are we seeing the limit of what they can do . Tom i am kind of amazed. Francine, it is the most interesting day and then we go into the jobs report tomorrow. Everybody will recalibrate. Theve one item that shows central bank dysfunction that you talk about. Francine if we compare, which i know we will do. Mark carney on the speech june 30 was very careful. Lets get to the bloomberg first word news. Taylor sticking with Central Banks, economists predict the bank of england over deuce the benchmark rate to a record low. Mark carney surprised investors by keeping rates unchanged and they signaled they would cut this month. The central bank will publish the first full assessment of what the brexit vote means for the economy. In london, one person was killed and others injured in a knife attack. Police are looking into whether terror
We have shall numbers of this morning. We are seeing the impact it is happening having. Crude exactly trading a little bit higher. 38 was will became an on the year. We will talk a lot more about that. Jonathan talk about price action and the mayhem. The biggest move in just two weeks. The oil stock looking like a penny stock the moment. Well talk about that. So talk about super thursday can you call it super thursday . Is there anything super about it bank of england meeting at the moment . Is depends on if there someone voting for a cut, then things get a little bit interesting. We will talk about that for the program. Yous get you all the news need to know this morning with Caroline Hyde. The bank of japans negative Interest Rate could fall as low as 1 . That is according to an ally of governor corona. There is no 44 negative rates. That stimulus could still be expanded if needed. The bank of japan has signaled that it has many options in its armory. It could lower rates further. Th