Thisyou need to know on monday, futures advance through the hour. Upures up 0. 7 , dow futures 0. 2 . What i find fascinating is the centralbank action no one is talking about. It is almost as if the Central Banks dont exist in july. Jonathan it is just assumed that they continue doing what they have been doing. The ecb coming up this thursday. The focus is on the variable policy move. That comes from the fiscal authorities in the United States over the next month and in europe. European leaders meeting going into the weekend. Guest after guest lining up the hind a long europe view. Thats going to get the test this weekend. Tom part of the test is going to be the bank earnings. Lisa abramowicz, i guess we have a flat yield curve. I guess weve got a completely odd bond market. How does that benefits the banks . Lisa the answer is it does not. The flattened yield curve is negative for the banks because you borrow short, lend long. You are nothing for it. On the other hand, the low rate r
Last 400 days is we are finally on dollar support. We will talk about this through the show. On dxy, the blended dollar index , with strong euro contribution, we are really on the support of a signal to a weaker dollar. Jonathan it is the trait everyone would hope would develop it is the trade everyone was hoping would develop. We see that on the screen this morning. It is a tugofwar between pretty negative corporate guidance and the vaccine hopes that started yesterday evening. Lisa i would argue that the vaccine hopes are very much in the front of peoples mind this morning. The question of whether moderna can jack up production, as well as the Regulatory Approval they need to get this out and distributed. Meanwhile, more guidance from the big banks. Goldman reporting in about a half hours time. At 2 00 p. M. , the fed releases their july beige book. Some indication of how businesses are changing their expectations based on the resurgence in virus cases. Also today, opecplus meeting t
The week. Vix below 30. We have a stronger euro today. Europe definitely doing better on the coronavirus front. The 10year yield holding at those lows of 64 basis points. Kicking off this week. Investors awaiting report from the largest u. S. Banks. Lets get to brian levitt, invesco Advisors Global strategist. It seems there is more optimism than pessimism on the earnings front. Why should that be . Brian i think it is largely not investors view the Second Quarter as being priced in by the markets. 35 in 20 was down days, pricing in a bad secondquarter, and a big hit to earnings. From there, you assess whether things start to get better as the year progresses. Investors are largely looking out beyond the Second Quarter as there has been resumption in , as mobilityvity has improved, conditions have improved. It is largely a look at things getting better, rather than taking the Second Quarter will be anything but pretty ugly. Vonnie it seems investors will be cheered by anything. If you
Is reacting and how it would like to respond all right its time to stream music i. China has Just Announced sanctions against the United States which target some of beijings most vocal critics this comes one week after the u. S. Sanctions several chinese officials over reports that they are targeting some ethnic minorities arties racial blevins is joining us now to break down the latest developments here so rachel what explanation did beijing give for the sanctions or a spokesperson for Chinas Foreign Ministry spoke out and she said that these sanctions are specifically in retaliation to distinctions that were imposed by the u. S. Last week and which they accuse several chinese officials of human rights abuses against ethnic and religious minorities now china has denied these accusations repeat. And it also accused the United States of trying to meddle in its internal affairs take a listen the vicious harassment interrogation and threats by the United States seriously damaged the legit
China has Just Announced sanctions against the United States which target some of beijings most vocal critics this comes one week after the u. S. Sanctioned several chinese officials over reports that they are targeting some ethnic minorities arties racial blevins is joining us now to break down the latest developments here so rachel what explanation did beijing give for the sanctions well a spokesperson for Chinas Foreign Ministry spoke out and she said that these sanctions are specifically in retaliation to the same sions that were imposed by the u. S. Last week and which they accuse several chinese officials of human rights abuses against ethnic and religious minorities now china has denied these accusations repeatedly and it also accuse the United States of trying to meddle in its internal affairs take a listen. The vicious harassment interrogation and threats by the United States seriously damaged the legitimate rights and interests of chinese citizens in the us and also interrupt