Steps in with unscheduled bond buying for a second time this week. Asian stocks and european futures selloff as hot u. S. Jobs data pressure on the fed inflation fight. The bank of england decides with at least another quarterpoint hike expected today. Speculation rose it could hint at a faster pace of bond sales. Earnings heat up with amazon and apple taking center stage. But first, socgen posts betterthanexpected secondquarter net income, with ing results hitting the tape now. Good morning, welcome to thursday. The misery continues in asia, after a miserable end to the session on wall street. The s p 500, it was its worst day since april. The nasdaq was down over 2 . August is typically the most volatile month. The fear gauge, the vix is at its highest since may. There are jitters about how much the bank of japan will let yields rise under its yield curve control regime. It has made its second intervention in a week. Not to mention tepid earnings from qualcomm. The 10year yield rose
Bloomberg daybreak europe. Im lizzy burden in london. China leads asian stocks higher while at global bond selloff rolls on, focus shifts to todays u. S. Jobs report. Chinese assets get a boost on expectations of more funding for the private property sector. Pboc vows to step up monetary support. A tale of two tech giants. Amazon shares sore after hours after estimates on ecommerce sales, but apple is down on lower than anticipated iphone sales. Good morning, happy friday. We made it but the global bond market right not. It is set to be the worst week for those treasury since october when the fed hiked twice by 75 basis points. This is as investors digest the news of the upcoming u. S. Debt issuance. Who will swallow this extra supply . If you cannot rely on foreign demand, where do you turn . It has to go somewhere. We get the allimportant u. S. Payrolls data. Will the market extend losses off the back of those numbers . U. S. Equity futures pointing higher. Amazon posting results, an
Higher as inflation data fuel hopes for a soft landing for the u. S. Economy. The bank of japan holds and unscheduled bond buying operation. Manufacturing contracting for a fourth straight month in another that the economy is failing to find traction. Youll kashkari says the u. S. Inflation outlook is positive but warns higher Interest Rates could still see some job losses. Christine lagarde says the ecb could hike again even after a pause next time. Happy monday. The start of a new week. And the end of the month. August and september tend to be if you look at history some of the worst two months for the s p 500. Strategists are asking, is it time to brace for a selloff . U. S. Equity futures pointing to a lower opening. As for treasuries, the question that lingers from friday is whether japanese investors will rush home in pursuit of highyield out that the bank of japan has tweeted its program. The japanese are some of the biggest investors and buyers of u. S. Debt so will treasuries
Sunshine. 60 degrees in Martins Creek just in the upper 50s in quakertown and pottstown, of a in ken its square and saint david. 54 in oxford. In the 60s in center city a lot of suburbs in the 50s in pennsylvania and new jersey, 57. Hammonton, 57 and 55 in buena. A Beautiful Day, sunny skies, low humidity, high of 83. Tonight in the overnight hours well get to 65 in the city. Matt i think well dip to the 50s in the suburbs. Reporter Beautiful Day yesterday, i hope today is half as nice. Time for the construction update crews have cleared from i95 all lanes reopened in both directions in the on going zone. They are gone from the westbound side of the vine street expressway by broad street. Eastbound crews cleared out before normal. We have construction on pennsylvania turnpike right lane out of commission speeds in the 40s coming in from new jersey. Northbound coming into quakertown, right lane out ever commission, as well. Mass transit front, septa regional rails west trenton line sche
A Nuclear Agreement you want it it. Was an agreement that took two years to get to. This and i need you at present kid to scare up this lehman tendency toward no country should really do any deal with the United States ok there are other its not clear what will happen now there are clearly other countries who are involved in putting that agreement together china russia france germany the u. K. So theyre all involved of course but im interested in in understanding how tehran might react to the president s move if he decides to decertify iran said at the u. N. Last month the president saying that iran will respond to any violation of the agreement what sort of response might we anticipate from iran. But i think he runs a risk on schools who think we also depend on how you respond if he you abide by prompts the bad. Shows it to be i admit that i think you will have one response from iran but on the other hand if you have an e. U. That stands up to thompson and we negotiated this as we wou