Some have moderated a little. We trade at 68 59. Gold went above 1600 an ounce. We come off the high a ten year yield did get to a 170 breaking a trend line that weve been in since september but now down to two basis points on a 180 handle on that. Looking at dollar yen though that comes off a little bit. Unchanged there on that currency pay. European equities in the red but a reasonably muted move also what were seeing in u. S. Future. One point we saw it drop as much as 1. 7 but we recouped ome of those losses. This morning we begin with the retaliation from iran against the u. S. For the killing of its top general. The nation firing a series of missiles at Iraqi Air Bases Housing u. S. Troops. The escalation coming hours after President Trump says the u. S. Was totally prepared for an attack. Irans foreign minister saying tehrans is retaliation. It adds it isnt looking for war but will defend itself. Also this morning shortly after takeoff a boeing 737 bound for ukraine crashing in
I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ
Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments, the s p 500 took a hit, dropping for the first time in six sessions. Coming up, we speak to the oecd secretarygeneral. Dont miss that interview live. Lets get bloomberg first workers. Word news. The u. S. House voted to condemn comments from donald trump that are racist. Week, he tweeted for congresswoman should quote go back to where they came from. Trump says he is not racist and does not have
Surge admitted speculation that Roaring Kitty is back. We discussed that and so much more. Lets turn our attention to the macro picture. New headlines coming from the new york fed when it comes to Consumer Sentiment. It is still running hot, 3. 3 in terms of where consumers see inflationary pressures being in a year. Still holding onto gains,. 3 higher. Cpi on wednesday, ppi on thursday. 2year yield remaining higher. Borrowing costs remaining high. Money going in, yields go lower by two basis points. Bloomberg dollar index also down, some anxiety around inflation despite the new york fed data. Lets look at what is happening in bitcoin. Even though the dollar is up by. 1 percent, crypto is higher by 2. 3 . I know that youll focus on gamestop. This is the read across from some of that renzi, related names. What have you got on the micro . Ed gamestop. Meme stock manny is back. This is a two day chart to illustrate the point. 100 up. This is just from one social media post from Roaring Ki
Can todays sales smash records . Have a look at what is happening to european equities. Gmm is your function. Talking you through all the various asset classes. Those other currencies that are falling against the dollar. Sovereign bond yields are rising. That is the situation. So many things to tell you about. Lets start with a south african rand. The rand rallied, today amid relief from last weeks assessment by Credit Rating companies. A did not deliver the deathblow that some anticipated. This is dollar rand. Earlier today, the rand is rising. The dollar is declining. The fall has been unwound, today. The rand is rallying by 2 . A bit of a move. Moodysratings warned it may do the same, leading to a rewaiting reweighting. This is a chart that abigail showed earlier. It twice on bloomberg markets, because that coin is showing no signs of slowing down, blowing past 9,000, less than a week after shopping 8,000, quickly closing in that 10,000 figure. This does not show you the price, just