Was purposely weakening the euro today. And we continue to see euro strength relative to dollar weakness. Draghiat is not what wants, he defined as not want a stronger euro at this point. And he was pushing back against the president. European equities going nowhere in a hurry today. The volume is actually reasonably ok. Some of the defensive names being sold off today, and you are also seeing something of a selloff when it comes to the bond markets. A little bit former come up by three basis points on the german tenyear. Today, just firming up a little happenswe wait what with the fed a little later on. ,he turkish lira, there were real weaknesses within earlier as there was talk of increasing sanctions on ankara as a result of the potential decision by the country to buy the s400 Missile System from russia. That really got the. Markets. Of the the dollar weakness has crept into the story and now, that is feeding on the turkish lira. Let us talk about the fed. As you say, taylor, it i
Feel the fed chair seat. Will bring you the latest from vienna. Matt i am looking at the futures here, take a look at equity index futures. We can see the percent missed price on the bloomberg showing a negative open for the ftse, slightly negative on the dax and positive on the cap. It is a mixed trade if you look across the entire european sector. Take a look at treasuries. I have a threeday chart and we can see that they are trading flat. Yesterday the yield rose six basis, points. Investors selling off treasuries six basis points. Investors selling off treasuries. When they have that cash, could they use it to go into some of the value stocks that were so popular in the u. S. Yesterday. To see how that makes broke down. Banks in focus ring sold, rippling into the Asian Session. Some of the more tech heavy markets under pressure through the Asian Session. Ofope does not have a lot tech. That could be something of an advantage. Yesterday the ftse sold off, that was a pound story. Mar
The German Economy boosting 2. 2 . 2. 3 for 2017 , but it came in at 2. 2 . An impact on your dollar, one. 1939 1. 1939. We had a little volatility over the last couple days. Markets we are hoping will grow worldwide, and tend to focus on earnings. Today, we will talk a lot about that. Of 48le bit of zigzagging hours. Yield at 2. 54. Coming up on bloomberg surveillance. , talking with a leader from armstrong, and another guest bolus act oldish expectations. Ceo frank del rio. Lets get straight to bloomberg first word news. Heres nejra cehic. A reportina has claiming officials are reviewing the countrys Foreign Exchange holdings, recommending selling or holding purchases of the u. S. Treasury, might have quoted a wrong source. The state administration of Foreign Exchange said we think a report might have had wrong sources or may have fake news. There was a report that it wasnt clear whether the recommendation was adopted. U. S. President donald trump has agreed that america and north ko
Hall was two different houses because republicans were on their feet and cheering on the democrats were sitting on their hands and sometimes doing. Booing. You are in washington, d. C. And i am new york, i have the coolest shot from our roof camera. Moonis the super blood over new york city. A Lunar Eclipse. A blue moon and a supermoon. It should be coming your way. The last time it happened was 1982. I am told they have a better view in los angeles. Markets, and the u. S. , s p futures finding their footing after they were decimated yesterday and you saw the worst two days for the s p since june of 2016 and now it is steady with yields that 271 and a modestly lower, some buying on the margin with a weaker dollar story. A stronger euro despite that Economic Data. Crudes getting hit, getting hit. The fate of americas dreamers, donald trump outline the immigration plan, and markets taking a break after getting crushed. It is fed decision day. If you went to bed at 9 00 and ms. The state
Shares jumped in hong kong as investors rewarded improved capital. Returning bank that more to shareholders and when will it . We will talk about that question. It will be a busy session. An awful lot to think about. We need to talk about what equity european equities will do today. We will see what the fair value looks like on the wei. The ftse look sick it is opening more firmly. Up and the dax up by. 3 of 1 . In aggregate we are opening up. 3 of 1 . That is the story in terms of where we have think cash is day. Ing the guy the where watching carefully a number of things. You have seen the aussie dollar come down. That is the story with the aussie dollar, down by. 2 of 1 . The bloomberg dollar index is up and the dollar is firmer. Solids backtoback sessions for the greek market. I want to show you the next column. This is where gets interesting and this explains why we are seeing what we are seeing in the aussie. Iron ore is down by 8 . Youre seeing an aggressive selling off of the m