Rishaad this is what it is looking like for equities. No trading in hong kong. It is a public holiday. Looking at active futures for the chinese market. Overall asia is feeling at down 3 10 of 1 . We do have many investors taking the opportunity not to go to work as is the case in hong kong where they have no choice. S p futures on the way up after the deep losses we saw in the session friday on wall street. Looking at the nikkei 225 coming off the lows of the day. Action there, political in part. The ldp may have lost a special election seats. That would be a blow for the unpopular president at the moment. Looking at the bond picture, yields where they were we still on friday. Japanese 10 year yields grinding to the upside up to 85 basis points. Wti off as the middle east situation seems to be simmering. Perhaps the calm before the storm. 70 five cent move to the downside for new york crude. A lot is going to be contingent on what the bank of japan does at the end of the month. Haidi
Equities continue to rally, adding to their best start to year since 2006. Our european stocks going to follow . The u. S. Looks to open up pretty good. Head of inflation data at 9 30. The bank of england suggests u. K. Productivity could pick up quicker than expected. Can we still count on two rate hikes over the next three years . Matt less than half an hour ofy from the european open equities trading. Lets look at where futures are. Pointing to hire opens across the continent. Future are upc about. 25 . You mentioned s p, the many contracts up about one third of a percent and a percent missed price in kate indicates have a percent higher in the u. S. Markets like equity will do better after the Martin Luther king holiday. I have a threeday chart of the terminal andin my the flat line, no trading yesterday for Martin Luther king day. Yield have a spike in the on the friday going into the weekend. It came back down and now we see yields lower today, this morning trading down to 2. 54
To very warm welcome bloomberg day break. Im anna edwards. Lets talk about some of the extraordinary price action that were seeing in this environment with regard to the euro this morning or in the middle of the trading day in asia. Extraordinary is the key word in all of this. You would have missed out on a 1. 6 spike on the dollar. Take a look at what were seeing here. Even pulled it back on four trade full trading days. 1. 6 . We spoke to some of the Foreign Exchange traders out there. They said you have algo rhythmic letters snow building a. That snapped out the liquidity that was there around the turn of the year. Bear in mind some of the traders had to move in there and take losses to cover the positions. We saw a spike in the euro swiss. Move saw this specific against the dollar. A bit of a weaker dollar but in the scheme of things in the scheme of the eurodollar trade, this was a big move, anna. Algorithms being mentioned as is the norm. As we bridge this period between christm
We have a most interesting day because we have a record low for the 10 year yield, and we have quite a lot of movement on currencies. It is very nuanced. When i was suggest is we are looking at charts from denmark, charts from new zealand, charts from south korea. It is a global new wants to day with a letter attention to it. Most people are saying do not look at tech valuations, it is negative rates that are putting in boko haram yields. We will discuss that next. Lets get to bloomberg first word news. Ramy israel is cracking down on palestinians of during the first major attack. They opened fire in an tel aviv shopping district killing for his release. In response israel has revoke permits for palestinians to visit israel and travel abroad during robin done. Those who want to u. K. To stay in the European Union warned that it breaks it could cost jobs. Some companies have already frozen hiring in u. K. While others are using shortterm contracts to fill jobs. Meanwhile the deadline to
Of paris. Dow futures to 11. S p futures up on. Lauren this urge with the nikkei up 1. 4 . Train to the campaign trail Carmella Clinton brings Bernie Sanders to attract millennial voters while donald trump explains to bill oreilly about his taxes. Lauren wells fargo ceo john stumpf forfeiting 41 million in pay over the bank sales in the period we will take a look. Nicole despite getting beat by the new york yankees, Boston Red Sox have reason to celebrate and 10 tivo gives fans a reason to cheer as well. All the highlights and sports. Lauren thursday from september 29th. Also National Coffee day. Welcome to fbn am, your first look at todays markets, the latest breaking news and what to expect for thursday ahead. Nicole Congress Clearing a stop at any bill to keep the government operating through december 9th. 342 to 85 vote last may. This comes after republicans gave new guarantees that the city of flint will get funding to address this water crisis. It also provides one point when you