Her tenure at the International Monetary fund began after predecessor Dominique Strauss kahn resigned in disgrace with guards views on monetary matters are orthodox in line with her peers among managers of Global Financial institutions with the rule proving exception of her belated concession that significant debt relief relief would be required for greeces economy to recover his lead guard has previously served in french ministerial posts for trade agriculture and finance while the guard does not inherit the media crises that challenge her predecessor mario draghi the next president will have to manage disunity and acrimony within the eurozone as well as the festering global trade disputes of the trump era as the guard has repeatedly warned of the risks of those those fights presents to the Global Economy but the risk of her show up a decline in global growth. Increased. And so did you a political. And disappointing long term Growth Prospect and you have an economy. With a pretty clea
Here today. That tai chi manufacturing that we got a couple of minutes ago was the weakest print we saw this year. It was still0, but showing the gradual slowdown we are seeing in global pmi. The official move that we saw in europe, in the u. S. As well, which is really supporting the Global Growth concern yard of that we are seeing. That is why we are seeing the yen up, 10 7. 60. Asia fx weakening with the dollar a little stronger. We see commodities. We are continuing to see some red when it comes to steal futures in shanghai copper. Lower by 9 10 of 1 . Be with thisng to rally. Looking at the u. S. Side of things with the 10 year yield below 2 . We are seeing for asia bonds as well. I will show you what else is going on, we mention about the u. S. Tenyear. Anese through three yield three year yields. We just got the news about the boj cutting purchases of bonds and a 35year range. Its the First Time Since 2018 that they have done so. They were trying to address the flattening yield
Broadcom words pushes deeper into software. Nejra good morning. Just on 6 00 in london. Welcome to daybreak europe. Yields front and center. Drop in global yields, the 10year hitting another 2016 low. Below 2 . We had 195 on that treasury 10 year yield. We see u. S. Stocks hit another record high in yesterdays session. We have to think about the fact that we will have a holiday and markets closing early. Independence day tomorrow. Futures on the back foot ahead of that. The yen also bid. Concerns around Global Growth. Dollaryen. Lets take a look at the euro. This has been remarkably steady over the past couple of days. Tradingear bund yields 36 yesterday. We saw that btp twoyear yields drop into negative territory. How much does that say about italy or the hunt for yield globally . The 10year btb yield below the 190 and a. The euro spiked briefly in the sense in yesterday as we heard that the ecb may not become sintering be considering a rate cut. Gold on the front foot again. Above 14
What are we doing equity wise . Yvonne it is about that jobs report. Making a little money for the fed. It will be interesting to see what jay powell says. Is he going to lay a strong case for some kind of easing cycle after that solid jobs report . There are indicators that it was not that strong here. Slower when it comes to wages. We will see that rate cut at the end of the month. You are seeing equities selling off here today. After this continued pressure from japan onchip materials. The chip sector is under pressure once again. Hong kong under pressure. Down more than 130 points. We are on the cusp of hitting another record here. The dollar is stronger after that u. S. Jobs report. We are seeing asia a bit under pressure. To what else we are seeing here. Oil is in the front after pulling back a little bit on friday and on are selling off as the market tries to correct that u. S. Jobs report. Does this lead to less expectation . They will cut 50 basis points. Looking out for the b
Systemic the Securities Software vendor as it seeks just further expand into the more Profitable Software business broadcom forecasted earlier this year that china u. S. Trade tensions and threat of a ban on doing business with pa way when not 2000000000. 00 off of the companys sales this year currently 49 percent of its revenues come from china and this 4 way into software will help to diversify its business lines symantec comes with over 4000000000. 00 in Software Sales and would deliver high cash on cash returns for Broadcom Symantec is also cheap and ripe for the picking with the sudden departure of c. E. O. Richard hill on may 9th shares have slumped 33 percent last year on secular headwinds and this offer would be the lifeline for leaderless semantic analysts speculate that the deal could be done in the 26. 00 to 20. 00 per share range representing at 815 percent premium to todays close and value semantic at 16. 00 to 17300000000. 00 no deal has been finalized yet but semantics s