For our audience worldwide, this is bloomberg surveillance. Alongside tom keene and Lisa Abramowicz, im jonathan ferro. The s p is positive by 0. 2 . It felt like we were on the brink of a full Ground Invasion all we can. Tom im using the Live Services of all the different news sites and it just migrates forward, waiting. Waiting for what . You could see the politicians. I think the most interesting, jacking near to keep their options open. Jonathan we intended to follow this war through the weekend. Rockets fired at tel aviv and some in israel as well. Back channel talks between the United States and iran. Lisa there is a feeling of a frantic diplomatic relation, the idea of iran, who does not have any formal relation with the u. S. Having back channel talks, also having back channel talks in some capacity with israel. Nobody wants this to percolate out of control. And yet the pressure keeps building and no one can come to any resolution at a time where there are hostages, strikes and
Is the market going to be right again . How divided is the e. C. B. s governing council on the exit from easing . 12 u. K. Meeting at time. Matt . Matt were less than half an hour away from the start of european trading. Happy thanksgiving by the way to you as well. Because the u. S. Markets are closed you may see a little bit less volume today and tomorrow nobody in his right mind is coming to work either in america. Be prepared for light volume that could mean a lot of more volatility than we typically expect. Here you see futures pointing down across the board. Take a look at bonds here. A three day chart of bonds on my screen. The yield on the german debt shot up yesterday to 38. It is back down now to 34. Were looking at bonds, bond buyers that are sellers again today in the german and european market. Guy . Guy lets talk about the big story over the last few hours. The cross alselloff we have seen coming colossal selloff coming through in china. I think the c. S. I. Could be 17 m
Once again . A corruption conviction for brazilian president lula sentenced to a decade in prison. He can appeal. What does it mean for the Economic Reform Program in brazil . Matt we are less than an hour away from the start of european equities trading. Very interesting to watch today because for you see the futures futuresuro stocks 50 unchanged. That was the biggest gain since april 24 and globally, stocks have risen once again to an alltime high. Bulls are faring well in this market. Take a look at the bunds. Yesterday we had a big jump in bund yields. Still finishing higher on the day. Now we are just about even right now. Trading at 0. 582. Trades not as exciting, a reversal we have seen in the last couple of days. Yesterday and germany, not causing the kind of tantrum we saw with the french issue a few days back. Ftsi and the dax, entry intoand the the u. S. Markets. The austrian dollar well bid this morning by. 41 . Question if it is a derivative of the australian [inaudible]
0733 GMT – The euro falls to a 12-week low against a broadly firmer dollar but Tuesday’s data calendar gives little hope for new direction for the single…