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From the asiapacific to new zealand we are seeing losses this hour. Lower on that1 disappointing chinese data. Retail sales. Right now youre seeing a decline in about one third of 1 . Also counting down to the openings in australia. Futures are pointing to a slightly lower open. Plus including being in the second cut from the royal bank of australia. Dropping to record lows. After that chinese data over the weekend. Lets get over to japan tracking futures trading at chicago. We are seeing signals pointing to a lower opening on monday. Japanese yen is still range bound. Watching out for Producer Prices for april. We will break that to you when it comes. Is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. How bad do things look . In march we saw a slew of positive data. Some would say this is a corner has been turned. The re ....
Alex markets are relatively calm. Jonathan and have been throughout the season. The ftse 100 down but about. 1 . The dbacks in frankfurt, germany, performing pretty solidly on the continent. Across the continent, the futures firmer by about five points. I went through the other boards for you. Dollar yen, 149. Close to breaking 100 as we did on june 24. Fourday losing streak. A much stronger japanese currency. Ahead of this jobs report, unchanged. 1. 39 is your yield. Alex no one really taking any big nothings the next hour and a half. Lets check in with our team of our top stories. Julie hyman is in washington counting down to the jobs report. Guy johnson in london with the pound heading for its third weekly decline. And javier with oil taking a big plunge. David a little less than 90 minutes, well have the jobs numbers. Julie is joining us from our washington bureau. What are we expecting . Whats the consensus on what the number might be . So the consensus right now of the economists ....
Larry kudlow discuss whether trump can close that gap. New jerseys Pension Fund Manager is slashing in half because of high fees and market underperformance. Hearing from the chairman coming up. A big story making the rounds here today. It will be another big wave of earnings after the close of priceline, activision, linkedin and kraft heinz. Lets start with the bank of england Interest Rate cut move and among other moves and affecting businesses back here. We have a report on the tourism industry. Steve . Pay attention. This is really down in the weeds and really interesting. Monetary policy stuff. In addition to the rate cut and more qe, the bank of England Governor Mark carney put a clever detail in to help banks, help the economy, and also, offer lesson to the federal reserve. Few are talking about it but ....
It is coming tomorrow and its got major implications for the fed and the markets and the rally. Your job and our job tonight is clear. What is the best move ahead of this release . What do you think . You have to define, whats a good number and whats a bad number. I think if you got something over 200,000, probably the markets say there is going to be a hike in september or start on that. What i would do is i would be buying bonds, tlt. They come off a little bit. Here is the reason why, that ism number was terrible. We are in contraction mode on that. Autos, weak again, maybe it is a plateau but certainly not growing anymore. The size of the economy is growing over and getting slower, could mean that in the feds heighten over the summer, on tlt, you buy tlt. On your view, no matter what happens with the feds, whether they raise or dont raise, it is a winwin. Everything is great for tlt. Yes. Based on how it is set up. Clerly thearly there must be scenario where it is not good. You hav ....
This is a sign the story implies of mounting counterparty concerns. Now, remember, they have thousand of counterparties out here, so this is a small group. But there you see Deutsche Bank down about 6 . Its had an immediate effect on our market here, perhaps an oversized effect. If you look at the s p 500 because as the story came out, we were tooling along just about in the unchanged level, you can see that it, too, dropped rather noticeably. Theres the dow industrials. Put up the bank index, the kbe and here in the United States, which is a basket of all the large banks here in the United States and that immediately dropped. Take a look at the bank here. This gives you indication of whatever, if any probably have nothing to do with jpmorgan for example. Even its to the downside. Signs this is a bit likely on the excessive ....