Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban
Number for manufacturing. We received a number of reports over the last many months about trade uncertainties, about how Manufacturing Enterprises were a bit reticent to expand capacity. Capital expenditures have been very weak. I think it is a little more confirmation of the reports we had been seeing, and i think it will be very important to see the progression from here. Guy does that point the fomc towards a rate cut . Manufacturing is not a huge part of the u. S. Economy, but it is a significant part of the u. S. Economy. It certainly is. In my midwestern district, we have more manufacturing than the average. Ive heard about this, and the weaknesses that come from trade uncertainties. The thing about Monetary Policy and what the right positioning is, i definitely think the fomc has been moving to what at one point last year looked like slightly modest, restrictive position. Now we have an accommodative position. Whether or not one more rate cut is the right position or not, i thin
Most since 2008 after accusations of fraud. Matt good friday morning. A historic week in markets. One in which bank of america says we have seen traders rage for safe havens like we have never seen before. Part of the reason why we have seen yields plummet to alltime lows. Nejra what a week it has been. Whipsaw in yesterdays session. We are stabilizing a little bit. Haveabove 1. 5 but we dropped more than 20 basis points on the 10 year yield this week. The curve in birding for the First Time Since 2007. We are above zero now. Close toar yield stays 2 . In terms of other safe havens, that is part of what banc of america was planning to as well. Matt talking about the rush to the yen, rush to gold. The 10 year yield and 30 year yield. We do see the yen strengthening up a little bit against the dollar today. Off. Coming but still relatively close to the record high. A bit of awe see risk on read across futures. Amidst this local bond rally, japans benchmark yield has fallen further below
The fed kicks off a swathe of Central Bank Rate decisions. Will the dots deliver a more hawkish message . Delivers. Day of trading. We will take you live to the uae for an update. Matt as you alluded to, we may see a delay in the open, we will see a delay in frankfurt. The trading system has been disrupted because of technical problems. X is experiencing serious issues. Delay, aoking at a likely delay. We do not know how long it will take or if it affects all assets that we will see delays on the sessions eurex trading. Lets take a look at where the futures are pointing us. You can see that the ftse futures are virtually unchanged at the moment. You will see in a moment rates look the same. Down. 1 of 1 . Take a look at the treasuries. 2. 3976 field. It has moved sideways since the close of trade yesterday. This is a three day look at the treasury yields. Not getting a lot of direction from there either. I absolutely. It could affect other markets. Austria could be affected. I am told
Concerns. They stopped short of a fullscale breakup, leaving estors questioning how big how quickly she can recover. Thats your Bloomberg Business flash. Matt thanks for a much for that. The president of zimbabwe is said to be step down. After a week of confrontation with the government, the forces have said action was needed to stave off a violent conflict. He is 93 years old. Whats the latest . It seems the situation is extremely fluid. Himself planning to step down. Theres a lot of secrecy. Not a lot coming through in regards to news on a regular basis. But we are hearing news that deal fore is negotiating a he and his wife to leave the country peacefully. This is the one people are looking to to take over at this point in time. Would it be guy what are the southeast south africa . What would they leave behind . South africa would probably be the first destination. Politicians seek asylum enzo oblique from here as well. A would say we offered it to use so you need to offer to us as