Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
And the bit coin and crude a little softer on the day. Jonathan President Trump has the market on the brick of history. The dow closed in record highs in 10 straight sessions, the longest streak in 30 years and two more days of gains would tie it for the longest ever. The treasury secretary took some of the wind out of the sails, sending yields and the dollar lower and this comes ahead of the president s speech with a conserve pitch Political Action Conference Today at 10 20 p. M. Eastern and address the congress on tuesday. To discuss it, the head of strategy and then the head of the office at ubs. Jeff, lets begin with the 24hour roundtrip of the treasury secretary starting 3 growth and talking about a tax plan coming in august. Why didnt the bond market buy it . Jeff at this point its in a world of expectations and you mentioned two factors, the yield and the dollar. But that does come after three key components in terms of financial conditions. Two of them have eased somewhat yield
And the problem with loose Monetary Policy. We will break down the ecb decision on rates, and the entire mario druggie News Conference draghi News Conference. We count down to the ecb decision. The opec meeting in vienna. Wall street awaits the latest jobs data. Kick it off, less than 45 minutes away from their decision. Lets check in with the team leader, i am told the News Coverage will be watched closely to get the forecast. Interesting,ing is whether there today, no fresh stimulus probably, likely to show the inflation has not changed since the last projections in march and that is something of a disappointment because the last forecast did not include the ramp up of monetary stimulus, extra bond buying, negative loans and another cut in Interest Rates. A signal the ecb is starting to struggle. It will always say it can do more but it wants governments to play their part in helping the euro recovery. Investors will look for more detail. Nots past june, 2016, i do have a date and si
They locked on the Revenue Source before the crucial Holiday Quarter . Julie hyman has the latest. Shery slightly latest, but still near alltime highs. A level on friday, touch a record earlier today before stocks fell backward slightly. Whats been notable, not just about todays session, but a long streak of sessions we had is how Little Movement on a daily basis there has been, even as weve been hitting new records. Its really by inches. Bloomberg, at the this looks at the daily percentage move in the s p 500. You have to go back to july 8 to get a 1 move at the close. You see a very tight range of movement that we have seen, even with fridays gain in the s p here,t did not exceed 1 its been interesting, this drift higher that stocks of experienced. Interestingly, there was just a story out on the bloomberg little while ago from josie ling , would mean a six straight quarter of decline. It hasnt slowed them down that far. We are seeing more movement in oil prices. You see a continuing
Anchor welcome to the program. Tensions between turkey and germany are on the rise. Ankara has recalled its ambassador to berlin after the German Parliament overwhelmingly voted to label the world war i killing of armenians by the Ottoman Empire a genocide. It comes at a delicate time in relations between the two countries. But for armenians, it was a day to celebrate what they see as justice for their familys murder a century ago. Reporter after the resolution passed in the bundestag, armenians in the visitors gallery were relieved. They expressed their gratitude. For many armenian germans, today is a day of happiness. The silence has been broken. The genocide of the armenians has been acknowledged. So we are very relieved, in the diaspora and in the republic of armenia, and we are happy because it has been a lengthy struggle. Reporter starting in 1915, the Ottoman Empire systematically deported or murdered armenians, it remains aramaeians, and other christian minority groups. Turkey