Lender could cut more jobs. Adding to those already announced in august. Manus good morning to you, monday morning. Sentiment being driven by the chinese. They think they have President Trump on the run. The oil market. We dropped by 5. 5 last week and we are adding to that momentum. And the positioning is aggressive when it comes to the oil market. Wtabullish positions on brent. Storming for the exit door. By 32 . Positions down we will bring you the oil charge. Let us take a look at dollaryen. This is a look at the bond market controlling. This is dollaryen. The bandwidth negotiations between china and the u. S. There is a hesitancy to break low work, the dollaryen. This position is under positioned. Because you see an aggressive repricing last week. Is ready to think about adjusting her position. She dissented twice. She is ready to reconsider the position based on the data. We will talk about that with our guest host in the next 45 minutes. Between chinans and the u. S. Are prepari
And china repair strains. Issues such as huawei and cashmere were not discussed. Lets see how we are setting up in asia. Sydni shares gaining up a quarter of a percent. 10 year yields up six basis points this morning. Onare keeping a close eye banks in sydney as they face an inquiry after failing to fully pass on rates. Cuts. Ave passed 57 basis shares down. 7 . Qe stocks are up 1. 3 . U. S. Dollar,n the recovering after the biggest twoday decline in four months and gaining against sterling. 2 10 of aund up by percent. Haidi lets get first word news. We start with the latest on brexit. Boris johnson has told his cabinet he still thinks a brexit deal is achievable. The eu says his latest plan is not good enough to be the basis for agreement. Negotiations continue on monday with brussels warning that time is running out. All sides must be prepared for the u. K. Took crash out of the block. Leaders, including johnson, will meet thursday. Typhoonying out after a left death and destruction.
For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
i don t really see anything more meaningful coming into the market. we have reached now the halfway point of 2023. how would you describe the health of the global economy? that s a really intriguing question. i think throughout this year, central banks and lawmakers and policy makers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk, the cost of living crisis is a huge issue, and inflation data last week has already shown that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and pointed to those factors, i think i am a bit more optimistic going into h2 of this year because i think inflation is going to come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is