Year. We have one trading they left and a lot of news to cover. Geopolitics with russia and the u. S. , but also market movements and volatility in currencies in 2016. First, lets get the first word news. Here is sebastian salek. Seb a ceasefire agreement came in effect in syria overnight after russia and turkey announced he had brokered a deal they hope will pave the way for a peace settlement ending the civil war. The move sidelines the u. S. , which had led peace efforts without success. But most recently, a similar ceasefire negotiation collapsed after a week in september. The bank of italy has said the rescue of monte dei paschi will cost the state 6. 6 billion euros. That comes less than a day after the European Commission approved a Liquidity Support Program for the Worlds Largest oldest bank. Under the rules, banks could not benefit from general support schemes, so they had to green light a special decision. The euro surged as much as 1. 6 against the dollar in asian trading ov
This is bloomberg surveillance. On the show today, we are joined by the global head of g10 at bnp paribas. Well get to them and the second. First thing is first, lets quickly check on your data. This is the picture for stocks. Now, investors are trying to be in a Holding Pattern ahead of the Federal Reserve meeting next week in which policymakers are expected to raise Interest Rates. A key function on the bloomberg terminal. It gives me a 99 probability. 200 probability of a rate hike but who knows . On the back of that, the stocks 600 practically flat. So, stock have been fluctuating. Asian shares climbed after we had this import figures. Treasuries edging low and the Dollar Strengthening and watch out for pound. 1. 2167. Rsus dollar nejra it is a merge that donald trump met last april with the Russian Ambassador despite claims he had zero involvement with russian officials. Attention to his encounter with him resurfaced after revelations of five members of his Campaign Team had conta
Authorizing Prime Minister may. We trade, to where a half hours until the open. Robert shiller Robert Shiller coming out and saying stocks are way overpriced. S p futures off by three points. Over 2. 6 r yield around the highest level since 2014. The dollar is a touch stronger as well as crude. I want to focus on what is happening in the u. K. You have the ftse 500 moving higher despite the fact the pound is getting hit or because the pound is getting hit. Up. 5 and dollar pound can dollar at an eight week low. He have to look at that weather you have to look at that to see i would be remiss if i didnt touch on valiant. This is a twoday chart all what happened yesterday when we heard they were selling out. That stock down 15 in nearing the record lows. How low can it really go . We will dissect to that later. David he doubled down and now it does it did not work out. Alix so much drama for so long and now he does it. David this morning in england, we had surprising news out of the bank
Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
The s p and the dow running on gains by the end of the day and the nasdaq coming down from its highest level the sheer. We did have the dow above 18,000. Still green but a little off the high. The upward trend continues. Alix and it started in asia with the hang seng passing its 200 day moving average, inching above that level. European shares rose the most in two weeks. U. S. Stocks, chevron adding 15 points. That story holding up there. One stock that did not hold up is valeant. A really horrible day for valiant come its lowest level since 2010 comments worst selloff since march. Bonds were really trading week, . 81 on the dollar, which is an earnings clobber. Joe one thing people were buying today, government bonds in europe. Going lower and getting close to zero on the 10 year and the u. K. Held a 30 year government on option on auction and accepted its lowest year yield. Bond buyers in the u. K. Not concerned the brexit is going to be bad for u. K. Sovereign debt. Scarlet that see