On cnbc. Courtney reagan is in for sarah. Happy friday. Im always excited to hear what the first song is. Good pick. And i actually know who this is. Old school. Lets check in on the Global Markets this morning. Futures trading right now after some declines yesterday. We did see slight gains for the dow, slight declines for the s p. A bigger decline for the nasdaq. It was down just over 1 . Week to date, were looking at nearly 3 of declines for the nasdaq, 1 for the s p, dow just in positive territory. And were staring at slight declines in the futures market as you can see, the dow doan by 14 points or so, nasdaq by 24. So this will he said tend the w streak if things stay like this. Lets look at the ten year treasury note in that had an effect on stocks yesterday because it spiked more meaningfully in terms of daily performance than it had in recent days b. We saw the ten year note go just shy of 2. 5 , it was 2. 49 at the highest point of yesterdays trade in terms of yields. Its at
Will cover all the commodities. Caroline hyde in paris on a warning by the oecd, and Ryan Chilcote in vienna previewing the opec meeting. We begin in asia where Prime Minister shinzo abe has decided to postpone an increase to the sales tax. Delayed once, it is twice, and i am wondering if we will ever get it. Enda i think it just shows you how nervous the outlook is for japans economy. Japan has the biggest debt burden and they have been trying crying out for the government to do more to tackle debt. Minister day has had to step back again and surrender and say, we need to do more spending and try and get growth going. The economy keeps flirting between contraction and expansion. It is also interesting in terms of what it needs means for the bank of japan. We have already seen the reaction, a big gain in the end today as it takes pressure off Central Banks in the yen today as it takes pressure of signature banks. It shows you that japans economy remains on quite narrow footing. The dol
Anna a very warm welcome to countdown. Manus where is the money flowing this morning . The pound has a bit of a reprieve. We will talk about that in the risk radar. I thought we would go for the shiny stuff, coming back from gold. And there is a real move here, of course in the headlines more funds shutter in the u. K. What you have is the assets, going into gold trading up one quarter of 1 . Etf Holdings Rise by 37 this year. The assets have jumped by 38 million tons, the most since the global crisis. We have entered a new bull run, according to ubs, we are with in a hair. Goldman is shifting the threemonth and sixmonth target. The risk momentum and the fed playing into the equation, all moving the dollar holding back. It is based on fact, not fiction. Anna very much about what the fed is going to say, manus, negative low rates good it seems. Punishing the risk radar, what else is on the move. We have a currency market dominating things this morning little bit. Quite a few in here, th
Wti in a bear market. 40. 77. We will assess all these things, Monetary Policy, Global Banking buiter. Lem his call, a gdp growth of 2. 4 . But first, lets check in on the market. We have a selloff. Jonathan we will break it down. By. 5 . E up of dollaryen with a move up. The bank of japan disappointing the yen. This is bear flattening. The long and stays anchored. In japan, up 10 basis points there. We will be talking about the market a little bit later. But to wrap it up, it is brent and wti. A bear market at the close. A seven day losing streak. Down by 1 . We are trading at 40. 77. Back to the big news that the bank of japan is keeping monetary tools unchanged. Lay out we heard today . Well, you are right. Largely unchanged, that is the headline. Toolsin Monetary Policy were unchanged. There was some easing and more purchasing of funds and there was a doubling of the dollar lending program. Bush really interesting was the fact that there will be a review the policies that have been