But security saying you will see the boj stop buying longer take 2020. In a move in the aussie in focus today. We are hearing hedge funds switching to bearish. The dollar is weaker ahead of inflation data due for november. Were also watching the thai baht, stronger against the ringback. Trade data against the greenback. Rishaad the Indian Trading day, futures are looking flat. What we have seen, discussing a short while ago, record highs for the nifty and the sensex. Friday no exception. It toheless, that brought a record high for the index of some of the heavyweight stocks. The rupee is flat. The 10 year yields, big move lurched to the downside, Something Like 10 basis point in terms of the yield. The prospects here of further Interest Rate cuts, again brought to the fore. It says something that has gotten more and more credibility as we do see further signs of weakness, particularly on the demand side from the indian economy. Thats a look at what we have in prospect. With look at wha
Pace in over 20 years. Industrial output and retail sales fall short. Jay powells happy place. He says Monetary Policy is where it should be as he sees monetary growth continuing. I think Monetary Policy is in a good place. If developments emerge that cause a material reassessment of the outlook, then we will act appropriately. Anna less than half an hour to go until the start of the equity trading day in europe, this is what the futures look like right now. They look weaker across the equity markets. And for the u. S. Equity markets, we have the ftse 100, the cac also weaker. Expectations for a weaker start being paired back a little bit by some reassurance from the german data. Lets not overdo that because the global story around growth is not a positive one. Lets have a look at u. S. Futures. They also have been pointing to the downside. Lets see if they still do. They do, but not by an enormous amount. German data offering reassurance, but the state of the German Economy is still w
This is bloomberg surveillance. Im Francine Lacqua here in london. These are your markets. Global chief economist. A lot of the focus is on the next, the mastercard trade war. A lot of the focus is on data executive vice chair on out. We see pound. Diversity and her thoughts on we are of course watching that because we are one month exactly the apple card gender bias issue. From the early election, this is bloomberg. December 12, and the u. K. After the brexit party said they will not expand conservative seats. 1. 93. 0 year yield at coming up, we will be speaking to musabbeh al kaabi, the chairman of Mubadala Petroleum at 9 30 a. M. U. K. Time. That is manus cranny bringing that live. Lets kick off the show with the latest from hong kong. Rn that the city is on the brink of total breakdown as protesters rocked the citys financial district to a standstill. The chaos follows a flareup in violence after the first fatality linked to the protests. Is it different from yesterday . Is the mo
November is the number which remains high in historical comparisons. The consumer is not falling off a cliff and that is important because as we look into 2020, it is the consumer which will be doing the legwork and driving prices. David you are our chief economist. It seems like different data in different directions. The university of Michigan Consumer was high. It seems like it is up and down. Can you get a clear picture of where the u. S. Economy is right now. Tom our view is we are looking at a slow down, but not a meltdown. The key way to look at this is through the lens of the job data. A year ago, even at the beginning of 2019, we were looking at a u. S. Economy creating a solid 200,000 new jobs a month. 2019,e are at the end of the run rate has come down considerably, we are closer to 100,000 than 200,000 now, but that is still enough job creation to keep unemployment at a 50 year low, to keep wage growth at a solid 3 or even higher. With that Unemployment Rate in that pace of
Rbf and barclays to follow. Today, we hear from the cfo of Software Giant sap. Welcome to bloomberg daybreak europe. Has described Boris Johnsons situation this morning looking at a fruit tree but unable to eat or drink anything. He is going to try and put a meaningful vote to parliament today. Speculation is he may have those votes by just 16 in terms of that amendment. And then we look ahead to this week. If we get a vote, we asked whether it will pass. Optimismms to be some in the market. Sterling is softer today but the drop of. 5 , nothing compared to the gain of 5 this month. Votef them saying a was passed this week. , credit of strategists agricole, we could see 136 in the mediumterm. One week volatility staying elevated near the 2016 highs. Manus. Manus that is the conversation we had yesterday. He said a lot of the risk is in the Options Market, not in the spot market. Hard brexit risk runs for the rest of 20 20. Even if he gets a deal over the line because he has a lot of tra