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For the first time, and j. P. Morgan strategists move up their prediction for subzero 10 year yields to 2021 year clueless, donald trump attacks jay powell saying the fed is holding the u. S. Back from big rewards and games, we will win, he says. Maersk ceo sounds a negative note on the Global Economy even as the Company Beats estimates on operating profits for the Second Quarter. Good morning and welcome to Bloomberg Markets european open. We are looking right now at a safe haven bid that continues across assets. To the levels we have previously seen. The japanese yen the past three days, it is that it is at 105. 97, but not at the levels on tuesday. This leads me to believe duration is what investors are looking at. Futures, a bit of a bouts in terms a bit of a ....
Those are bonds and commodities umns. E final two col friday, a new record. It pushed the dax above estimates. Rsi is the relative strength index. The lower part of the chart is that an 18year high. The been overboard territory, levels not seen since the bubble. The rsi recently reached 70 points following the election of donald trump. Keep an eye on the ducks index dax index. The appetite for stocks tied to growth is no longer benefiting europe over the rest of the world. Index has lagged its mid2016uivalent since as banks have rallied. Morgan stanley analysts assign the blame to a scarcity of Technology Stocks in europe. The blue line, cyclicals versus defensivens. Turning to one of the periphery countries, portugal. There are still signs investors are hungry for portuguese bonds. This is the 10year going back to 2014. The yield on the 10year is hovering just above 2 , down four basis points today. This is a level not seen si ....