From the Bloomberg Global Business Forum. Matt good morning. Interesting to see the impeachment drama playing out, even after the release of what was called a transcript and then a widely mocked and remain renamed memo. I think the dossier that the congress has ordered will be even more interesting. We will see what the full whistleblower complaint was. Investorsctly, and have so much to get their heads around. The biggest question is what it means for the 2020 election and what does it mean for president s trade policy. We had comments from him saying we could see a deal with china sooner than expected. Is he starting to feel the heat . We have the feds Charles Evans saying perhaps no more rate cuts are needed and that may be playing into some of the Market Action as well as the trade and impeachment drama. Matt its interesting to hear that. Lets look at how this has played out in markets. First lets take a look at what is going on in terms of asian equity indexes. We can see the Msci
Coming up later on the program, how would brexit be different if the u. K. s labour party won this election . We speak to the shadow home secretary, diane abbott, at 9 30 london time. Lets check on your markets. I want to start with crude. A slump weighing on Energy Shares as Global Equity markets seem to the heading for a lower finish. Crude below 50. It is a little bit higher than it was a couple minutes ago. However, theres a lot of speculation on whether opec stuck to the most predictable outcome in its plans, and what that means for the future. The onshore yuan heading for its strongest weekly gain against the dollar in four months and pound falling as polls show theresa may may be losing ground. Lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra lets start with the u. S. The Justice Department has vowed to challenge a freeze of a travel ban against six muslim majority nations. The judge says the directive trips with intolerance and discrimination. Attorn
Absolutely wonderful. Stocks are rising today. We are awaiting the outcome of the house vote on the replacement for obamacare. Those currencies, sterling up and the others down on yields bond yields rising today, greece, portugal, austria, and the netherlands. Function function of a , ftse 100 volatility, just want to bring it up in the wake of the fact that it fell to the lowest level in two years on friday showing a pickup in volatility on some measures. This measures volatility in the next 30 days. Five consecutive days and we have risen by 39 , the worst stretch since november. You can see we rose to the lowest level in almost two years. Happening before the key political event next week, wednesday, when theresa may triggers article 50. Meanwhile, the ftse is heading for the largest weekly drop in two months. Just wanted to show you after such a long period of a lack of volatility. I can tell you on the month we saw a big pickup in retail sales up i want. 4 ahead of estimates. It l
A surprise British general
election in July has removed a layer of uncertainty for UK
markets, leaving investors to focus on the outlook for interest
rates and the economy as the dominant forces. -May 23, 2024 at 01:00 am EDT
- MarketScreener