In london, Boris Johnsons plans to suspend parliament stoked no deal fears. Manus warm welcome to the show. There is only one thing that really drives the bond market, and that is trade and trade angst. If you look at the balance of scales of justice, in the past 24 hours, it comes down to mnuchin trying to steepen the curve and navarro keeping it real. There is not going to be anything likely quickly on trade , therefore we are flat. Nejra you certainly feel that pressure on the yield, hitting a record low. That is something that has caught our attention today, and i know its what you kicked off your data check with as well. Manus indeed. It is the white house really trying to have a go at controlling the yield curve . Thats what we need to ask. The 30 yield bond curve has spiked on the back of mnuchin talking about 100 year paper. The bottom line for the market as the tradings prevails, looking at dollar yuan, is anybody listening . Thats what we need to ask about dollar yuan. Yester
The u. K. Prime minister suffers a blow at home as lawmakers secure a final vote on the brexit deal. She heads to brussels to continue negotiations with e. U. Leaders. Good morning, your risk radar, some the assets you should watch carefully today. Oil is on the top of my list. About. 2 after falling 2. 4 over the last two trading sessions after u. S. Eighth weekly his gain, now at a 30 year high. Watch for that number, kind of a dead cat bounce to possibly fade throughout the day. Take a look at the pound after said mays humiliate humiliation parliament yesterday. Up on the cable rate, just a slight gain their but you may see that new, depending on the headlines that come out of brussels today. And the 10 year after the fed 2. 36 percente ec is the yield here, rising as investors selloff that debt. Janet yellen telling investors the fed still expects to raise rates three times next year and does not expect a giant jump in the economy from the tax cut. So a lot of interesting things to
Crisis . Are we there yet . Stay tuned for that. Later on, commerzbank, some good news. Swinging to a profit. It is the Consumer Bank profit that surges. We have got to talk about that. Of course, jpmorgan. Jamie dimon mopping up the stock. Guy corporate buyback. Lets get you up to speed with all of the news and detail. Caroline the reserve bank of australia is giving the door open for further rate cuts. Governor Glenn Stevens told a Parliamentary Panel that the countrys economy has the flexibility for further easing. He said the board is weighing the sustainability. The u. S. , russia, and other powers have act and accord. It demands the immediate delivery of humanitarian assistance to besieged areas. We are doing everything to try to bring an end to this conflict. In a way that results in a ,nified, nonsectarian minorityprotecting, secular, whole state. Dimon spendsie 26. 6 million buying shares of yesterday. That is after they tumbled to the lowest price in more than two years. A so
What weve seen this week goes back to one of the crises coming out of the 1865 civil war. What a week it has been. What is your key observation on what youve seen . Guy this repricing of risks around the fed, the Ripple Effect of that, and the negative rates has negative consequences. That is the world the market is coming to terms with this week. Tom some of the themes this morning on surveillance from london and new york. Right now, to get you up to speed, heres vonnie quinn. Vonnie the u. S. , russia, and other powers have agreed on a partial ceasefire in syrias civil war. Ofre will be airdrops humanitarian assistance in some areas. Coalition attacks would continue against islamic state. The truce represents a cause in the syrian conflict, not an agreement to end it. German chancellor Angela Merkel warns that the country cant throw away its values. Merkel has launched a campaign for the coming state elections. She is working on reducing the Record Number of refugees entering the cou
Im guy johnson. Anna about 6 00 here in the morning in london. We had a turkish election. The Market Reaction is already pretty clear. A stronger turkish lira. This is it versus the u. S. Dollar. That is the game that the turkish lira has made and the loss of the power of the u. S. Dollar. Erdogan says the world must respect this decision. We have got some numbers coming through. Ryanair just reporting profits up by 37 . A little bit cautious about the winter. Laterl get some analysis and talk to Michael Oleary. Lets talk more detail about the hsbc story. Thirdquarter profits Beat Estimates. This is a global bank but it is europes largest bank. To darren inow hong kong. Why are the numbers better than expected . 6. 1 billion on the pretax reported by hsbc. Analysts were looking at something in the area of 5. 2 billion. Analysts cant even cant usually gets in advance certain items and hsbc usually pretty transparent. Namely, we are talking about lower fines and lower settlement payments