A little bit of euro area pmi figure. Little more than expected that is getting a little bit of a list to europe. The stoxx 600, little bit down. Maybe a little bit of angst about what is happening in the u. S. Tax reform. We were expected to have news yesterday. The vote has been delayed to this morning. Im looking at dollar index. That is a tax reform story. Any moves on the asset classes. Coming up, i am excited about talking markets. , he is at Goldman Sachs. Durlacher is the international ceo of julius baer. We will speak to Woody Johnson. Lets get to Bloomberg Business flash with nejra cehic. Nejra in the u. S. , the white house is weighing a plan to replace Rex Tillerson with mike pompeo. That is according to three of ministers and officials amid frustrations with the top diplomats so place just slow pace of hiring. Slow pace of hiring. U. S. Diplomats have trapped plans for donald trump to make a trip to britain in january. The president had been penciled in for a working visit
Close of equity trading. The stoxx 600 down some. 5 . Brought moresaw it than 1 , the biggest drop since august. It is heading for its biggest weekly loss since august. Due to the distribution of Industry Groups broadbased gloss losses, energy and health care leading the decline. But pretty much every Industry Group on the back foot. Its only financial that were up ever so slightly on this imap. Taking a look at the euro, we are seeing a little bit of euro strength in this section. If you look at eurodollar onemonth risk proposal, its interesting. This is fairly neutral edging into bullish positioning on the euro. It talks about the pain trade in the euro moving higher. Interesting to keep an eye on that. Also, on peripheral spreads. As we see money moving out of equities, continuing in the session from yesterday, we are still seeing eels move higher in the bond market in the sovereign space, thats yields move higher in the bond market in the sovereign space. Look the spread between sp
Caroline theres no way theyre going to negative rates anytime soon. That seems to be fortunate. I appreciate Stanley Fischer saying it does seem to have some limited effectiveness where is employed, notably, japan and the ecb. Alix he says we are near full employment, pounding the drum as we are three days away from that allimportant job number on friday. Caroline so much focus on that. They are going to be poring over the case schiller numbers as well. Theres so much to do over the u. S. Economic data today. The Housing Market front and center with Robert Shiller joining us later in the program. But first, we have to get on to the markets. To thatthey reacting Stanley Fischer discussion . Alix we are seeing a lot of action in the treasury markets. The yield moves lower by about two basis points. Yields are moving lower by two basis points, and we are seeing buy across the board. As the yield comes down, counterintuitive, considering Stanley Fischer says we are not just one and done. A
October. Heres the imf chief economist. The underlying weakness many economies, many emerging market economies are revising the prospects down. That is decreasing growth today. And we think [indiscernible] the one exception in the new forecast for the method is the United States, upgrading its forecast for u. S. Growth to 3. 6 from 3. 1 in october. In ukraine, fighting has picked up between Government Forces and rebels backed by russia. Theres a battle over the control of the airport in donetsk. Ukraine is accusing russia of terrorist activity after a bomb blast in the eastern part of the country. 13 people were wounded. It appears amazon is really going hollywood. They won its first Major Television award last week and now amazon will start making featurelength movies for theaters. Four to eight weeks after the Theatrical Release, they will be shown on amazon prime online streaming service. Last week they said they hired woody allen to write and direct a new halfhour tv series. Plan o
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