Its weakness too. Alicia i want to point out the dollar has been moving lower the last eight weeks, telling you it is on its way down to a softening, making emerging markets actually kind of interesting. The fed has blasted it today. Romaine lets dive deeper into all the action right now with our markets reporters. Abigail, what are you watching . Abigail i have my eye on volatility once again. The vix and speculative vix sports. Might not have stocks moving much. But some who have been selling volatility this year are starting to change their mind. In white, speculative vix shorts. In blue is the fear index. When the whole theme that you was complacency, the vix shorts, superhigh. The beginning of 2018, the vix spiked at the beginning of the year as the trade war kicked off. Into the Fourth Quarter after climbing, the vix shorts came back off. This year vix shorts have been climbing all year as many investors and speculative investors have been selling. But right now it is starting to
Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to berlin, to london, sao paulo, and new york. Our bloomberg voices are on the ground with this mornings top stories. , china said it would sanction and american organizations close hong kongs port. Joining me from hong kong, and the current hong kong, enda curran. Give us the latest. Enda what they are doing is targeting a couple of groups, including Human Rights Watch and freedom house, for sanctions, and putting a stop on u. S. Navy ships coming to hong kong. But we dont really have many more details beyond that. We know that there are already some restrictions on ngos operating within china anyway, but the big take away is they steered clear of any economic issues, anything that would upset the trade talks, which are , by all accounts, still on track. There was better news on chinas economy today. But the official and private sector pmis pointing in the right directi
President trump talking about trade gave us an insight into the u. S. And china in terms of negotiations. A lot of focus is on what is happening in hong kong with heightened tensions playing their part in a selloff. The u. S. 10 year yield is at 1. 1010. Eurodollar at coming up, we speak to a bank chief executive a little bit later on. Lets get straight to bloomberg first word news here in london. 3g capital is said to have submitted a bid for an elevator business. That comes as a surprise with 3g having made a name for itself buying food giants. They understand the elevator unit could fetch more than 15 billion euros. They are still debating a minority or majority stake. Hong kong has announced a suspension of all schools in the city. This as the security chief warns of unthinkable consequences if violence continues. Early commuters packed on to the first trains amidst calls to impede rushhour traffic. The International Energy agency says Global Oil Demand will likely plateau around t
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
Center stage and treasuries weaken with the curve flattening after last weeks definitive move higher. Joining us for the hour, dan nathan a real Holding Pattern here today. Are we waiting for news out of washington heres the good news, right we had this big rip up off of the lows last week on optimism that there would be some sort of grand deal as far as trade is concerned. The fact that it doesnt look like that were going to get that at the end of the day, the fact that were not down in a meaningful manner is fairly establish. Could things change pretty quickly if the fed decides top pull our negotiators away and we know were dead in the water for a couple of months no doubt about it. Its kind of interesting on a day like today, where we dont see staples and utilities. These are two of the bestperforming groups, deemed to be defensei you dont see them rallying and dont see the s p 500 down a lot either it seems like a lot of nothing despite some really potential for volatility later i