Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
Stocks surging yesterday trump saying the two will meet in china discord in the ranks as pricing pressures mount opec pushing off next weeks planned meeting in vienna. We will tell you when they will finally have a meeting and maybe have to confront iran. Its wednesday, june 19th. Worldwide exchange begins right now. All right. See what they did there. A lot of news out of asia, you got the band good morning, good afternoon, good evening wherever you are. Im Brian Sullivan we have a huge wednesday hour for you including our exclusive sit down with that man, the founder of huawei. Well get to thatin a moment first well start with the markets. The u. S. Major averages are points away from hitting fresh alltime highs following 1 gains or more across the board yesterday. All the major averages, the dow, the nasdaq, more than 20 up from their december lows right now futures are fairly muted. Well call them flat bonds have been a billion dollar story as well. Probably more of a trillion doll
Central banks are a primary focus, an seen the initial focus this week. Ecb mario draghi is due to address people in sintra in just a moment well stay tuned for that piece coming up in a short while the Federal Reserve is expected to keep Interest Rates on hold at its twoday policy meeting that begins later today. Invest and economists said there remains a high likelihood of a rate cut later in the year analysts from bank of america, jpmorgan and bmo forecast the cut in September Jpmorgan and bmo said they also expect another move in december. Goldman sachs and citi, they dont agree with the assessment. They say their best case is that the fed will take no action at all in 2019. Theyre calling for a cut in june, so thats tomorrow well see what happens here in europe, the ecb flagged it will postpone any rate hike until the middle of next year. Low inflation has hampered the eurozone in recent years and the central Bank Launched a fresh round to boost the central bank. Annette joins us
Will shortly go on to what is happening at the ecb and what is happening with mario draghi. 0. 3 . An stocks down to a lot of the impetus will be on Central Banks. A lot of the focus will be on bonds. Leading the stoxx 600 lower, looking at oil. Adding to uncertainty over whether production cuts will actually be extended. Lets focus on the future of the euro area. Five years since mario draghi establishes answer to the jackson hole symposium. You that live as it starts. Investors will be watching closely for any hints on how mario draghi might use the toolkit. He will be keen to convince traders can get back to her target of 2 . A target of 2 . Paul, what is the market expecting from them . High in somens are respect. What is priced in, the ecb will move to action. The kind of feeling in the market is that he has got to. Ive a nod thelast ecb meeting market is looking for more. Asically the front end of the market has ced ecb action, a rate cut inflation is collapsing out of control. T
Hello everyone, its 3 am in the besieg gauza strip and youre watching press tv world news. Unrelenting israeli air strikes continue to target palestinians fasting in the holy month of ramadan is hopes are fading for immediate cease fire in gaza. Regimes latest air strikes have claimed 11 palestinin lives in the central city of dear abala. Local report says shuttling there continues up to this very moment. To the north, the jobalia refugee camp in its vicinity remain a key target. This, as the Gaza Health Ministry says aid reaching the north is insufficient, while widespread hunger prevails in the area. Now moving to the south, the entire city of khan, unis continues to winness daily shelling as israely forces blown up several residential areas there. According to the gaza media office, over 400 palestinians have been killed. While in line for life saving aid since march 1st, the Palestinian Death tool since october the 7th now stands at nearly 31,200, most of them women and children. Q