Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
Property law they passed in july. A very basic deal. Does not move the ball forward, but relieves some of the tension and maybe takes the threat of retaliation down a notch. This administration has been riven by divisions over trade policy between the hawks and the pragmatist. This may be one side the pragmatist try to get their case before donald trump. The story says he has not made a decision yet. David we have five people who should have knowledge of the subject. At the same time, there was a contradiction. We have seen this in this administration before. They do not always move as one. Michael you do not know who each person talk to so you do not know which side of the debate they are on. There is only one decider, and that is donald trump. He seems to go back and forth depending on what his gut tells him. This is certainly a possibility. What we are reporting is it is on the table, not that it necessarily happen. David s got perhaps informed by the polls, particularly in the midw
Futures started dipping down. They are worried carrie lam is not going far enough. One opposition lawmaker, says. Oo little, too late another says the protests will continue because there are still four more demands. She had already suspended the extradition bill two and a half months ago. She stated steadfast in her demand of not officially withdrawing it. Why withdraw it now . We are getting much closer to the october verse day holiday in china and xi jinping does not want anything like this on the streets of hong kong marring their 70th birthday party. David terribly important. One of the demands there be an independent investigation into the situation. Where is carrie lam on that issue . Stephen that is another reason the activists have dismissed todays statements. She rejected those calls for an independent commission or an independent and query into what the activists say was Excessive Police brutality. She has already put in a framework, a panel led by the police and she says th
Around 0. 4 . Take a look at what is happening in the rates market. 1. 74 year yield on the 10 year. That steepening we started to get off of the fed meeting yesterday on the twos and tens continues. Still seeing some flattening and other areas of the curve right now, but you are getting some good news here. , holding aboveed the 1500 an ounce level for the second day in a row. Thank stocks over in europe are leading the charge bank stocks over in europe are leading the charge, not quite leading the charge here. Rising,bank index seeing a lot of strength despite the expectations with regard to fed rates here. A lot of folks saying things wont turn out as bad. Maybe a little bit of flight back into financials. Central bank is absently front and central, so waiting to see the impact of the feds second straight rate cut and all of those other Monetary Policy decisions weve had around the world. Weve been watching every thing from indonesia to switzerland to the bank of england. A whole ra
Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran are coming. This is from President Donald Trump in response to the attack on a key oil facility. Michael pompeo