Breath. Reports about the scrapping yield curve control along with buying of etfs and all with rate hike potentially. Lets look at how markets and japan are faring. You get the sense regardless of the normalization of policy, markets believe the nikkei can run higher. The fundamentals are intact amid all this Corporate Governance improvement. We saw it decline in the morning session but it did close 2. 7 higher just yesterday. We see in the options market, for example, the contracts for the strike price above the 41,000 level. Those were actively traded. Regardless of the normalization we see today, we still need to see negative real rates persist. That will mean yields will take a while to climb in japan. Between the u. S. And japan, given the yield gap, that will put pressure on the yen. The yen has been well behaved. You feel the sense that the feds move will matter more for this currency pair. Lets take a look at how it has been faring since the past four months. Based on the impli
Strengthening the ties between our two countries. Let me begin by first acknowledging the elephant in the room. That on the minds i think most of, if not all of our u. S. Efforts to try to work with our persons to eliminate security threats in the region. That is the unique challenge of our president , president trump, whose International Affairs budget, the hollowing out of the state department and most of all his hep reprehensible antimusli rhetoric handicap to partner with governments in the maghreb. The president s travel ban and outrageous tweets most recently one that has been condemned by almost everybody in the political constellation of Great Britain fuel the very ensur jsi jen sees were trying to suppress. In a part of the world where his antimuslim, rhetoric and policies are counter productive and they isolate those whose support we need most and are all too often the majority of the victims of the extremism were trying to eliminate. The United States has an interest obvious
Now, congressman Gerald Connolly is in virginia, a member of the Foreign Affairs committee. There was a form and security in north africa. This is 45 minutes. In the late 1980s, i was a Foreign Policy aid. I was particularly star struck by one of the aids on the Foreign Relations committee. As one might expect, he was smart as hell. He seemed to know vast things about how the world really worked and he was a master of the legislative process. But the kicker is that although he seemed very old, he i think was almost 40, he was always the most fun in the room. Quick with a joke. He knew that the topics were serious, but he never took himself too seriously. That was Gerry Connolly 30 years ago. Since then he served for more than a decade on the board of supervisors with about half of that as chairman and the last nine years as a member of congress. For that time hes been a member of the House Committee on government oversight and reform and a member of the house Foreign Affairs committee
Forecast. I am yousef gamal eldin. Ahn. i am shery we are seeing that Global Equity trading, andian asian currencies gaining ground. Ome the nikkei losing 1. 5 a very important day for india as we get the 2017 Economic Survey and the annual estimate this evening. Losing ground,00 miners reeling, as oil prices coming down. Ally, this entire week were the about Central Banks. Yousef absolutely. We have a big week for Central Banks, the fed, boj, also the brings up this conversation around policy and pressure on the u. S. Dollar. Let me show you a chart that tells the story. Ecb tried to hike rates, but to turn a corner. This is the state of play of key Central Banks. The line in yellow is the fed target rate. On the fact they may not change rates, the base case expectation, but looking very carefully as to what they will possible balancen sheet reduction, speaking of possible passive shrinkage. Lets speak more about rising fromons, big developments the Trump Administration. The white hou
The fx trade is if they come to 20 basis points to you by resell the end the yen . Alix a great show, with richard clarida, coming up later in the program. Jonathan a positive turn to the market after negative and last week. Futures are positive up about nine points,. 4 . In europe a rally on a stronger footing, the ftse up by 1. 4 in the dax up by a. 8 . Events onsk wednesday, if the decision in the boj decision, just hours apart. In todays session, a softer bloomberg dollar index, the dollaryen just coming down a little bit. Wti withonger footing, a 43 handle. And merrillica lynch thing theres Downside Risk that the targets get back in the 60s by the end of the year and a supply pop could be around the corner. Theres been a steeper yield curve, we debate that throughout the program. Today, the long and rally and 30 year treasury around about basis bigt to 2. 4 percent at of a week. Alix lets check in for indepth coverage on all those top stories. And a current is looking ahead to tha