About seven basis points. Still an awful long way to go on that story. Vonnie in the u. S. , it is a positive session, slightly risk on. We have some guidelines for when the economy might start to reopen in new york city and in various economies around the country. Markets hanging onto that. Banks are the best performers in the s p 500, which is up 0. 9 right now. They are followed by Consumer Services and real estate. The yen is stronger today as well, off its highs now. 107. 20. T crude down at 12. 40. That continues to darken. The 10 year yield is now up to 65 basis points. Slightly risk on tone today. Talk a bit about what is happening in a little more detail. Italy, france, spain announcing plans to ease lockdown restrictions as the british Prime Minister pours a little cold water on the idea. Giuseppe conte in italy raising concerns about a possible second wave of infections that could trigger irreversible damage to the economy. Lets talk about the risks surrounding reopening and
Vonnie we have bowing down to. 5 following those comments from the faas steve dixon. The 10 year yield at 1. 81 , moving around just a little bit. 31 35 on the s p 500, holding onto a small gain despite some stocks lower. That also includes home depot, down 1. 9 . It is up double digits in the past year, but it has had a rough month, and it has lowered its outlook for 2020. It is fighting a number of things, including the resurgence and the fact that the Opioid Crisis has criminals stealing from home depot, and trichet has become a major factor. It is talking about making sure it puts in place is like the fact that its power tools wont work unless they go for a check out in order to stop this phenomenon. It is really quite something. A headline just crossing the bloomberg a few them to go. For partners and elliott in talks to buy log me in. It has lost about 15 of its market value in the last year, but this has that stock now halted. Before it halted, it did soar on the idea that ellio
Which is crucial for canada. Lets check on the broader markets here in the u. S. For the s p 500, continue to reach above 3000, but just a bit of weakness before the rates decision. The u. S. Dollar index not really moving. We are at 97 92 cents, fairly healthy. Off. 0 year yield on general electric, investors reacting well to this numbers to these numbers. It looks like larry culp is actually delivering. Guy cash flow very solid. Flows off today. It is the banks really doing the damage, mainly Deutsche Bank, Credit Suisse, santander, all down hard today. That is what is dragging the stoxx 600 away from the 400 line. Eurosterling a little negative right now. Tiering comes into place today for European Banks, plus the restart of that qe program. We are keeping a firm i on both of those stories. The others dry want to mention is the South African rand, absolutely pummeled. The dollar up by 2. 5 . The budget out in cape town today, having a few having a huge impact on the rand today. Vonn
Live from new york city this morning, good morning, good morning. Leaving behind a very messy month of april and kicking off may with the futures 0. 5 on the s p 500. Southside note to south side note, saying the same thing, its a hawkish chair powell. Hawkish relative to what, the last time that they met or what the market is priced for . Lisa its a reason that some people are saying sell the rumor, buy the news. Expecting bonds to sell off, they will be disappointed. Chair powell, basically hawkish means his coming out and saying we are not sure, we havent made us much progress, we are still monitoring it and will not say anything about something that rhymes with wike. Jonathan wike . Just say hike. Lisa he doesnt want to say the h word. [laughter] jonathan 5. 03 on the twoyear this morning. Alan ruskin at Deutsche Bank thinks this is the stat of the day, the 2year note has rallied on all of the last four fomc days, eight of the last 10 days of meetings since february, 2000 23. Chair
Lets have a look at the stoxx 600. Falling for a second day. It is a big week for Central Banks. We are keeping an eye on oil and the dollar. The dollar, sixday winning run come to an end. Best winning run until early 2015. Crude high is the most in over two years. The big news in the oil market is what is happening to brent crude, 1. 3 higher, something above 65 a barrel for the first time in 2. 5 years yesterday. One of the most important pipelines in the world was shut because of a crack. Coming up, we are going to talk markets with Vasileios Gkionakis. Bluebellpeak to thomas , the chief executive of axa. Do not miss those interviews. Lets get to Bloomberg Business flash within the low. Ed walt disney may announce a deal. That is according to for some familiar. That comes after comcast, the other major contender, said it was no longer in the running. This thing was to acquire foxs movie and tv studio including fx and national geographic. Britain once a trading relationship with the