Good morning glad youre with us. Lets take you to the markets. The stoxx 600 roughly one hour into the trading session, its slightly underwater. Off by just a smidge, to the tune of 0. 1 seems like were treading water ahead of that fed meeting where we expect the first clues when it comes to the reduction of the Balance Sheet. We have financials doing better today when it comes to the sectors. Before we get to those sectors, let me show you the indices one by one the ftse 100 is up by 0. 1 this is an inverse movement to what the currency is doing well get to the currency in a second we had quite a roller coaster ride for pound sterling over the last couple of days in response to the hawkishness, the dialing back of the hawkishness coming from mr. Carney. The xetra dax is up by 0. 1 . The cac 40 is off by 3. 5 points. Now we talk about the sectors. There you go you have autos, oil, gas, banks, some finals doing better in anticipation of more tightening by the Central Banks food and beve
Welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost good morning to you from me as women. Well yesterday, tech ended up lagging the market, leaving the nasdaq with a bigger decline as for futures dow futures are little changed down about a point nasdaq futures continue to sell off, down 26 points. S p futures are down two moves in the euro following comments about mario draghi. Draghi says growth in the eurozone is abovetrend and broadly based. A decent jump in the euro over the course of his speech up 0. 64 the key soipoint is he aid all signs point to strengthening and recovering that gave the euro the jump on the news he said inflationary pressures seem to be replacing deflationary pressures most of the speech was dovish, indeed he did say loose policy was still required tomake sure inflation dynamics became durable. Any changes to policy would be gradual. The broad term was dovish. The market focusing on those core comments about the economy and saying the economy
Good morning. This is bloomberg surveillance. We have a lot to get through today. Coming up in our weekly brexit show we speak with the u. K. s shadow trade secretary. First things first. There is so much talk from hawkishness from the central bank feedings through to the markets. Equity markets. Now theyre back up. We did see a selloff in u. S. Stocks being reawakened. The quarter is drawn to a close. Bonds extending some of the losses. Central banks seem to shift towards a more hawkish tone. The picture for crude oil, above 45. You can see the vix, 2 higher. We will have plenty more for the market shortly but first lets get to the bloomberg first word news. Andastian donald trump Vladimir Putin will meet for the first time next week among heightened tensions between the u. S. And russia over the future of the war in syria and moscows intervention in the u. K. And investigations into russian medley in the u. S. Election. The revised travel ban is facing a new court challenge. A new se
As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca
Back. This is a live look north towards pittsburg. You can see just how gray the conditions are out there. Good afternoon. Im tori campbell. Rosemary oroscoe is tracking the rain and will let us know when it will arrive and how long it will last. Wet weather arrived earlier over parts of the north bay, sliding over the peninsula and lets take a bit of a tour. Well get in close and take a look at where this moderate rain is falling. The peninsula now getting wet here from San Francisco across the airport at sfo, half moon bay, san mateo, redwood city, woodside, stretching into palo alto. This is beginning to shift into the south bay. Thats where it will be heading next, into areas like san jose. That will be changing over the next hour or two. It will shift to the east where we have light to moderate rain falling over the east bay, alameda, morago, you can see it stretches into east into concord. If you are not wet yet, eventually that light rain will begin falling. I want to get into t