Declines. Thats the first backtoback losses youve seen for the dow and s p 500 since late january. Futured are muted this morning. Dow up by 2 points. Nasdaq up by less than a point. A lot of things happening, were waiting on adp numbers this morning. That may give us insight on what to expect friday from the jobs market. That can het let us figure out the Federal Reserve will do. In asia, the nikkei down by a half percent. The hang seng up, and in europe, a similar story to what were seeing here. Muted moves one direction ortd othe or the other. The dax up by . And a look at currencies. The dollar is up across the board. Euro at 1. 056. Dollar yen at 114. 05. Here are the storying were watching. China posting a trade deficit of 60 yuan. Exports dominated in yuan, they rose 4. 2 in february, imports jumped more than 44 . That import growth driven by a construction boom. Analysts say the data may have been distorted eby the long lunr new year sell breaks. During the sell breaks,celebrat
The latest from beijing. In the emirates. I am Tracy Alloway in dubai. I in shery ahn in hong kong where it has just gone midday. The boards here have been a hike from the fed. It is affecting markets across the board here in asia. We are seeing equity markets rallying to to the highest level since 2015. The japanese market saw that downward market. The south korean won is losing a asian currency. Optimism the funds will keep flowing into the region after that hike from the fed. Take a look at the offshore renminbis. It is shrink fitting 3 10 of 1 . When it comes to the onshore, they strengthen it by. 37 , the most since january 18. All about sovereign bonds data this morning. Australias Unemployment Rate on gaining rounds as well. Tracy you mentioned the end gaining. The u. S. Dollar doing something on in reaction to the fed decision, it is weakening. It is still weaker today. That is feeding into commodities. Take a look at how oil and gold is reacting. Gold is the big mover. It was
Yieldsck victory sent soaring but how much further do they have to go . Mark carney is speaking down the road, delivering the news surrounding the stress tests. Due to strains on emerging market currencies and growing skepticism over the ability of some International Banks to adjust their Business Models to new environments for regulation, for growth, and for Interest Rates. In june, developments kosher to hone home brought strains of their own. Prices have reacted strongly following the u. S. Election with echoes of the treasures at the start of the year on sovereigns and banks. Throughout these episodes, the u. K. Financial system has stood up well. Deafening rather than amplifying volatility in financial markets. Households and businesses in the u. K. Have as a result and able ,o focus on what they should where there their home is right for their families or a better investment would help them serve their clients. This was in resilience has been hard one. Done. A job that is never t
Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss
Matt yeah, i am actually going to try to pull off bunds, as i suspect you will see an impact. Not as much of an impact, but it could be that we are currently finished with trading. Right now, obviously, 5 00 here in london, 6 00 on the continent they do not open until 8 00 p. M. It looks like they have finished trading for now. For the day, a drop to negative 0. 145. Oliver we can scarlet we can track the yield on the 10year. It is at session lows, dipping to 1. 4612 percent. We are at session lows. However, you are looking at the s p. Oliver the s p got a little bit of a pop in the last 10 minutes. We are at a bit of a rally this morning, but you can see this kind of pop. This will potentially bring more loose money into the equation. We have seen that with fed funds going to zero following brexit. Were back to the situation where, guess what, maybe this is in a perverse way good for equity markets and good for people that want to see continued accommodation from Central Banks around