Th aussie dollar bond market remain unfazed, as the rba keeps rates unchanged, but warns further tightening may be required. In asia, stocks selling off. Bonds under pressure. Cleveland fed president Loretta Mesters has one more hike maybe in the cards this year. Jamie dimon warning the u. S. 10year could go much higher than expected. Can it go to 7 . The answer is yes. Are there factors that would drive it higher than where it is today, yes. Is supply and demand kaput . Yes. Kriti bank of england takes aim at the central bank forecast, predicting permanently higher Interest Rates in the u. K. Lets get right to the data because you will see action coming across futures. The theme of the day around the world seems to be a more hawkish tone for Central Banks. Do the markets believe it is the major question. Take a look at this a lot already underway in the futures market. A lot of this will be impacted by sentiment in asia. Euro stoxx 50 futures down 0. 8 , ftse 100 futures outperforming
Fisher sounded more cautious on tuesday. More voices being added to the flurry. Yields continue to rise today. We have seen the biggest selloff since june in terms of treasury. Alix the yield rally some most since november. Ofaking of the diversion years, Charlie Evans speaking, saying we do not need to hike rates. Eric rosengren saying we can normalize rates. We are nearing our mandates. Federal confusion. Caroline that is going to be our phrase today. Coming up, we will speak about the direction of yields with matthew. Managinggan stanleys director and strategic. He says by the fiveyear the fiveyearbuy treasuries, despite losses. Alix a lot on hold heading into jobs friday. If any action, it will be in the currency market. The dollar is mushy across the board. The pound is higher, moving against the dollar. The yen moving lower. The yen is looking at its first monthly decline versus the dollar since may. Is relative mushiness across the board. Banks doing well in europe. Into the job
Being prepared for on the sunny island of cuba. Good morning, everybody. Welcome to Market Makers. Stephanie so much to cover this morning. In just a few moments, we are going to be speaking to bill ackman about the potential fbi investigation around the company herbalife. I am going to talk Consumer Confidence. That number is out. Huge number. Scarlet this is a preliminary read of university of Michigan Consumer confidence. We have an unexpected decline. Economists were looking for the rate to stay steady. The unexpected decline has been a big semen on it big theme in Economic Data this week. When you look at the effect on markets, the market is climbing through 100. It has passed the second day. Treasury is where it was. In terms of how the equity markets are performing, you know have u. S. Stocks 0. 5 for the dow industrials. It calls into question what janet yellen the fetter doing next week. Erik scarlet fu, thank you so much. A new turn in the government investigation about herba
STOCKHOLM, Dec. 3 (Xinhua) Swedish public pension funds have invested hundreds of millions of kronor in a cryptocurrency company that has lost 87 percent of