Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Rising for a fourth day, highest level since 2015. The upswings we are seeing, the synchronous upswing is continuing in global equities. German Investor Confidence today setting optimistic tone for europes biggest economy. To 20. 4. G germanys economy enjoying a strong run supported by domestic spending and solid global trading. The strongest expansion since 2011. That is the data highlighting germany today. Look at the difference between spain and germany going back to 2008, the financial crisis. Points, the lowest in eight years. It has narrowed for 13 of the last 14 days to 79 basis points. On friday, we had the big news from fitch, citing strong relatively broadbased economic recovery in spain. A great piece yesterday saying spain trading at a small premium to germany, reflecting prospects for strong growth and core status within the euro area. Those times are returning. Lets compare sterling to rbs. Currency traders might want to Pay Attention to the health of the u. K. Banking in
Were going to start with some commodities news we have eia data good morning, carl. The data flying in the expectations this morning. Crude, we have a drawdown of 1. 6 Million Barrels. We were expecting to see a build that would be seasonal for this time of year gasoline, we were expecting to see a drawdown we got a build of 261,000 barrels. Production in the United States flat at 10. 27 Million Barrels per day. You can see prices in wti were trading negative before this report theyre raiding a little higher now, closer to 62 a barrel in terms of the price action that weve seen in crude overall, weve seen a 3 gain in the last month or so a 6 gain in the last three months were waiting for the prices to sort of break out of this 60 to 62 range but right now were still a little stuck back to you at post nine all right thank you. And stocks up this morning with the nasdaq trying to avoid the fourth negative session in a row. Amazons on a terror, accounting for 27 of all the s p 500s gains
Billion for the president s u. S. Mexico border wall. The European Union wants to change the rules governing identification checks in snogging. Id checks are banned in the 26 travel zones through the european commission, some of including, germany, sweden, and norway introduced in 2016. Under current rules, they expire without the possibility of renewal. Those nations want to extend those checks for two years, citing security reasons. Fired sevenitary cruise missiles today at Islamic State targets in eastern syria. This is progovernment forces closed in on the militants. Two submarines launched the seven missiles from the mediterranean. A Russian Ministry Spokesman Says intelligence showed the targets,hit the destroying a command center, communications, ammunition depot, and killed on unspecified number of fighters. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. , this iscrumpton bloomberg. Julia live from bloombergs World Headquarters i
Good morning glad youre with us. Lets take you to the markets. The stoxx 600 roughly one hour into the trading session, its slightly underwater. Off by just a smidge, to the tune of 0. 1 seems like were treading water ahead of that fed meeting where we expect the first clues when it comes to the reduction of the Balance Sheet. We have financials doing better today when it comes to the sectors. Before we get to those sectors, let me show you the indices one by one the ftse 100 is up by 0. 1 this is an inverse movement to what the currency is doing well get to the currency in a second we had quite a roller coaster ride for pound sterling over the last couple of days in response to the hawkishness, the dialing back of the hawkishness coming from mr. Carney. The xetra dax is up by 0. 1 . The cac 40 is off by 3. 5 points. Now we talk about the sectors. There you go you have autos, oil, gas, banks, some finals doing better in anticipation of more tightening by the Central Banks food and beve