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Are on this planet, you you can watch this fight. Francine good morning. This is bloomberg surveillance. We are getting breaking news out of germany. The Current Assessment for ifo, 1. 2416. This is the latest figure we got. We will bring you any breaking news. We will be speaking to the president of the ifo institute. In the meantime, this is the picture i am looking at on your asset markets. We are seeing a little bit of pause. A lot of currencies, a lot of stocks are drifting a little bit before janet yellen take to the states. Conviction inuch a lot of these european stock trading. This is what we are seeing overall. The euro falling. There was a little bit more Decisive Action in commodities where most Raw Materials climbed. 48 below 40. Thats get straight to the bloomberg first word news. Convictedlee has been ....
Investors should be paying more attention to draghi, not yellen. He was walking on eggshells. Everything, again, is so data dependent. Obviously if the euro zone was , to show any signs of rolling over, core inflation drifts back down it may be very difficult , for them to announce anything at all but certainly the market is looking for some clarity. The central bankers want to be very gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. How do you exit in a careful way where you dont signal too much youre exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jackson hole go carefully forward. The economy there is more fragile than the u. S. From a structural perspective. So, i think the draghi comments will have much more information content at this stage. The ecb wants to always say, were always going to say nothing an ....
Investors should be paying more attention to draghi, not yellen. He was walking on eggshells. Everything, again, is so data dependent. Obviously if the euro zone was , to show any signs of rolling over, core inflation drifts back down it may be very difficult , for them to announce anything at all but certainly the market is looking for some clarity. The central bankers want to be very gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. How do you exit in a careful way where you dont signal too much youre exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jackson hole go carefully forward. The economy there is more fragile than the u. S. From a structural perspective. So, i think the draghi comments will have much more information content at this stage. The ecb wants to always say, were always going to say nothing an ....
Plus texas bracing for Hurricane Harvey the strongest hurricane to hit the u. S. In more than a decade. The ecommerce giant said to slash prices in whole foods as soon as monday investors though will focus their attention on jackson hole wyoming and the Kansas City Fed symposium. Yellen will speak in about an hour from now while draghi will address the gathderring this afternoon. 3 00 p. M. Eastern time powell is somewhere in there around 220 but the conference title is about synchronized Global Growth which some argue is a different, will mean jackson hole will be different this year. It seems different. Theyre trying to drain the drama out of it whether they suck said in that or not i dont know. It became something never intended but it finds the markets in an interesting position of being overly comfortable with wha ....
Lee k shang lee k shang. They are revealing a new location for the Gemini Bitcoin exchange. A fundamental shift in the last 24 hours, a swing back towards remain over the weekend with the markets moved to go with it. Big gains in new york, the biggest pop since august of last year. It will continue with features firm. Board, a bigthe day for sterling yesterday, the biggest pop since 2008. The gains continue, pretty much unchanged for 2016. The euro is just a little bit lower and the fed chair is that to speak in just a few hours time. The euro down 1. 68 on the u. S. 10 year. David ok, john. Thes check in with Bloomberg Team for an indepth coverage of top stories. Anna edwards and it is in westminster and guy johnson is an london. Is in brussels, and Erik Schatzker is an washington. Jonathan all reporters and the lives o ....