Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec
Will look like not much changed. Thats characterized the session with a short detour south earlier in the day after we got the i sm services report. Not much activity in terms of price action. Thes become the norm 41st straight session weve seen a movement of less than 1 on the s p 500. Take a look at the bloomberg for an illustration of that. July 8 is the last time we exceeded the 1 threshold for the major benchmark. Volume today has picked up a little bit, about 6 above the 30 day average for the s p 500. We have a lot of dealmaking to talk about. Monsanto, we have been watching that even though it has been falling after a buyer raised its head. And we have them bridge acquiring spectra energy. That itinteresting is was lower in premarket trading. Has turned higher. This will become a large Energy Infrastructure player. The largest owner and operator of type lines. A couple ofwatching carl icahnassociated stocks. After vwrising today announced it would take a 16. 6 truck maker. Ther
Im wilfred frost. Good to be back. Feels like a whole week. I had a few days off. You had wells fargo. Were back together on a friday. So much Market Action to be discussing. No one better i would like alongside that. Fears about the future of Deutsche Bank shares. Dropping to a record low this morning. As you can see around about 4 . Were off the lows that opened initially down. Were off those lows but still down 4. 3 in german trade. Well have a live report from the firms frankfurt headquarters in just a minute with lots of analysis coming straight up. First lets check in on Global Markets. We saw an impact on u. S. Stocks yesterday. In the session u. S. Futures looking up this morning. Dow futures are up 14. 5 points. S p futures up almost one. Nasdaq up about. 4 after a brutal sell off yesterday that took the dow down 200 points and s p 5001 . Deutsche bank was seen as the culprit. Those adrs that trade in the u. S. Took a slide after midday. For the ten year treasury note yield yo
I am Jonathan Ferro in london with tom keene in new york. It was a nondecision, but a hawkish hold . Tom Deutsche Bank said this was big. Jon ferro will speak with Alberto Gallo and then john andng and Richard Claro richard clret arida. Discussions include the u. S. And european allies, russia, and iran. Russia backs syrias president , that recognizes he is a roadblock to solutions. Trip toerkel began her china. A number of business deals are expected to be announced. The chinese will buy 130 airbus plans for 17 billion. A dramatic rescue saved 240 migrants. The greek coast guard pulled them from the sea. Three refugees died, including 2 boatren when their capsized leaving turkey. More than half a million refugees have reached a greece this year. The number killed trying is unknown. Republican president ial candidates try to break out of a nightsmarket last debate in colorado. It focused on dollars and cents. Marco rubio defended himself after a florida newspaper called him to resign f
Hampshire will join us. We will speak about much after the eric cantor resignation. And of course, washington focus on baghdad. Lets get to Jonathan Ferro with our morning brief. Heres the news from overnight, Chinas Central Bank extended the reserve requirement cut to Industrial Bank co and another bank, trying to support Economic Growth without unleashing stimulus. A. M. , empire 8 30 manufacturing. 10 00 a. M. , Housing Market index. No big earnings but here are two items. Rates lighting at the tomb of the unknown soldier wreath laying at the tomb of the unknown soldier. Ghana versus usa, i feel like americans are starting to love soccer. They are not caring about the American Team but they are watching the better teams, that is good news. Ghana give us some trouble before. 2006, a tough group for you guys. It is a better team now. Juergen klinsmann, the german coach of the American Soccer Team that tells you a lot already he has basically given this year up. Saying if we make it ou