Atm limits. Extending the qe program 32017. They await the opec talks. Concerns independent producers may not reduce output. A landmark day for south korea as they are set to impeach President Park geunhye. More in a story, just ahead. Lets take a quick look on how the markets are looking. Haidi is standing by. Haidi we are getting a picture here, we have the Southeast Asian markets, taiwan getting on board today. Andness through malaysia singapore just keeping its head above water. Investors the sense are trying to take the time to digest what the ecb trajectory is. We look like we are on the cusp of a taper. Also, critically removing some of these key technicalities so the ecb has greater control over this aspect of the program. We are seeing nice gains from tokyo. Extending that rally 2. 7 . Yen, 114 at the moment. That is lending support to retailers. Weakness coming through from new zealand, down by. 4 . We do have a shift in policy. Driving the kiwi dollar to a high. Ofy have sai
Donald trump talks tax. He puts out his vision to return the u. S. Economy to its glory days. Good morning. Welcome to countdown. Markets are big. Equities are racing higher. Is experiencing a he puts out his vision to return the u. S. Economy to its glory days. Stumbling blg block. We are on the longest losing streak since may of last year. Sincengest losing strict streak since may of last year. People are beginning to really understand what the brexit means for the currency. Barbecues beat brexit. Do when thebrits going gets tough . Shopping and have barbecues. Retail sales are where the market has taken us. Is there more easing or pain to come . Let us look at the risk radar. Ive mentioned equities. They are racing ahead. Mse i asia is up 0. 5 msci asia is up 0. 5 . Something which has shopping ane barbecues. Retail sales are where the market has taken us. Which it. S not pumping ahead is nymex oil falls as these informal oil that are notely likely to talk about supply. The Russian
Proxy for the selection. It was the unexpected proxy. The peso has been gaining ground in the wake of the debate last night and some market for tip of the are judging a Hillary Clinton one. That is fueling to some degree of relief rally in u. S. Stocks. We see some cyclical groups leading the rally today. Most notably, discretionary stocks. They are doing particularly well. If you look at the s p index, its up. Thats one of the best performing groups we are watching. That has to do with Consumer Confidence. It rose to a ninemonth high. If you look at the bloomberg, you can see how it dead. This is ec a left on the bloomberg. This is the actual number. You chart here shows todays reports are way out here. We saw that. Jobs are plentiful right now. This is also at a nineyear high. If you look around the discretionary universe, weve got the Online Travel sites doing well. They are rallying more than 3 . Amazon is rallying today. Once again, its at a record. They are benefiting from some o
Francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. This is a pretty punchy move because we have a new central bank governor. I do not know whether you will have a rupee board that it is extending gains. It will be interesting to see the global disinflation and deflation. This will be a back story at the imf meetings coming up today. Francine this is my repeat chart. It is going to be one of the stories we will be following very closely. This is the date date chart for the rupee. 6. 475, gainingt 0. 5 . More on that rate cut but lets get to the bloomberg first word news. Taylor theresa may wants to change the relationship between the government and londons Financial Services industry. According to senior officials see will just she will refuse to give priority to banks after the u. K. Leaves the European Union. The have dismissed demands for an interim deal. Things have gone from bad to worse in u. S. Russia relations. The Obama Adminis
There is concern that Government Intervention to prop up the market will fail. Meanwhile, fed vice chairman Stanley Fischer hinted that raising rates has not been ruled out. Mohamed elerian said investors should not count on the fed to ride to the rescue. Market has been conditioned to view the Central Banks as their best friends, so whenever there is a hiccup, people look to the central bank. I do not think this time around the central bank is going to respond. The fed has reason to not do qe4. A new poll shows Bernie Sanders is now with Hillary Clinton and iowa. He has picked up 25 Percentage Points since january. He opened about his growing momentum on cnn. Bernie sanders all over this country we are generating enormous enthusiasm. People do not understand why the middle class of this country is collapsing at the same time as almost all of the new income and wealth is going to the top 1 . Another poll has donald trump in front at 23 , followed by ben carson, ted cruz, and scott walk