Definitely keep an eye on what is happening with the german 10 year yield. Stocks back to flat. We are very much waiting for that ecb meeting come thursday. Vonnie and of course, u. S. Yields following european yields. 1. 67 rightis at now, so higher in tandem. A little more risk off for the equities portion. As you can see come the s p 500 down 0. 6 . A couple of stocks i wanted to point to as well. Facebook down 1 in conjunction with the broader market. Facebook, google, and apple all todayt so welcome news with the expanded role of Digital Services in europe by the antitrust regulator for europe. L brands having its investor day in columbus, ohio. The very first thing they talked about was a sick individual, referring to jeffrey epstein. Mention him by name, but did say that situation is over with now, and continued on talks. Victorias secret has a lot of work to do. The stock is down 30 plus this year, just higher by about 1 right now. Guy lets get to a bloomberg exclusive. Shares
Pricing surrounding the feds next rate decision. Plenty of great coverage coming up. Lets get a first word news update with olivia hows. Olivia at the vatican today, russian president Vladimir Putin met with pope francis. It is a sign of closer ties between the kremlin and the catholic church. Russian officials said the meeting would focus on syria and ukraine. Tomorrows the pope is due to hold talks with the ukraine about conflict in that country. British special forces have seized a supertanker suspected of carrying iranian oil to syria, in violation of u. S. Sanctions against the syrians. The tanks are ready to go, and the fighter jets are set for the flyover, all part of President Trumps changes to the two directional fourth of July Celebration on the National Mall the traditional fourth of july silla brush and on the National Mall. There is concerned that the 20th to Nuclear Treaty with iran is about to collapse asked that the 2015 Nuclear Treaty with iran is about to collapse tha
Sterling down 7 10 of 1 to. A breakthrough in brexit talks. , sterling down and the ftse is that what european markets are rising today with the u. K. 10 year yield up for basis points today and commodities. Economy andcovering profits helped 41 billion in stock rises into its stocks this year, compared to 591 million for u. S. Funds and returns have lagged the u. S. Markets once again. , the u. S. Rd pe basis is the most expensive versus europe in 10 years. Analysts say that it is not clear what europe is all that she earnings estimates need to rise for u. S. Companies because of tax cuts, the u. S. Looks better to ask. Better to us. This is the yield difference room between germany and italy yield differential between germany and italy. The dutchassing of and french elections, without political upsets, the risk is that investors wrote too complacent about the next political worried in the region, italy, they select before may and the antiestablishment fivestar movement currently lead
Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
We are without the United States. President s day in the u. S. That means a lot of participants stateside but we also see reduced trading over the Asian Session as well. We saw the asian equities session with the nikkei moving higher, 1. 8 . A little higher a little harder to make any headway. More will get to more that. Our focus on what we are doing in europe because without the United States and the chinese and hong kong markets are closed. Thats get the first word news update. President trump spent the weekend criticizing everyone but russia for meddling. He tweeted 14 times over 24 hours criticizing the fbi, democrats and special counsel Robert Muellers investigation. They came after his sweeping indictment of 13 russians for allegedly leading social media efforts to attack trump rival, hillary clinton. In florida, students at the high school where 17 people were shot and killed are speaking out or gun control. They plan to organize antigun violence marches for next month. In the