U. S. Commerce Department Suspends regulations allowing special treatment to hong kong. Boris johnson will channel fdr in a midlands speech, touting a new deal. He is expected to push Infrastructure Spending and hold off on balancing the books until recovery is certain. 6 00 a. M. Int gone london. The narrative i think from two very powerful local points, the health organization, the worst is yet to come and extraordinary uncertainty coming down the pipe. Which market is incorrectly priced . U. S. Equities or the bond market . You like a little bit of belly in the bond curve, dont you . Tell the truth. Nejra i absolutely do. We are seeing ourselves are all the time and ask our guests this. With all the Central Bank Stimulus out there, its sort of makes sense that you have equities and bonds gaining in tandem. Data track did some research and investors absolutely split down the middle on whether we see gains or losses of 10 for the second half. There is a lot of cash sitting on the side
I am in for francine lacqua. Lets check in on the markets and get a quick look at what is going on. Yield see an allnew low on the u. S. 30 year bond. The long bond came down to one point 1. 90 . It has bounced back, but still, that paper is weighing on the yield. You can see that across the curve. Brent crude is rising. The nymex wti is as well. It has been a rally for oil as as u. S. Stockpiles came up better than anticipated. And gold, coming off of its highs just a little bit but very little change to the bottom. 1541. 64 as u. S. 10 year yields are negative, making gold more attractive. Now lets get bloomberg first word news in new york. Sees an opportunity to restart bta european union. German and french counterparts. Officials tell as they appeared to relax len which on the need for the irish backstop. Dropping the position language on the need for the irish backstop. These requests are related to Financial Information on donald trump and his family but whose returns are still a
Anna warm welcome everyone to this is bloomberg. Bloomberg daybreak europe. A lovely piece on the bloomberg. Takeould be watching it back to basis. What are you looking at . You are looking at a momentum shift. It is about the short positions. Aree funds and speculators the most bearish on the dollar since 2013. This is aggressive positioning. Positioning is building. That represents a swing. This goes from along the dollar ranges. It is down to trumponomics. The hedge funds are well aware of the hawkishness around the fed. Maybe some of the surprise index, related data coming through, or the white house over delivering. Their ability to pass through legislation. Lets leave the dollar and get through the other asset classes. Lets go to the risk radar. Equities asian equities are up. Low volumes through the asian session. Chinese stocks bucking the trend. We have lots of earnings to wait for, from the likes of pepsi, j. P. Morgan. Eye on it. An it will come down to whether the bank of c
Of the year until now, it is an uproar. Anna and we are live in paris at the annual forum, where we speak to the organizations secretary general, angel gurria. Here, on bloomberg. A very warm welcome. I am anna edwards in london. Manus good morning. I am manus cranny, in dubai. The china danger, should be drawn into the moment of calm . What is really going on. Dollaryuan,w you near a five year low, the title of this chart is yuan on the brink. This is january time. That is the fiveyear low. Alone,back 1. 5 in may the biggest loss since the devaluation last year, which was back here when you saw that ratcheting spiked. But this is really the interesting part. The fx reserves in china, they are building a lot, 17 billion in march and april. Are they really that volatile about defending the yuan . Capital outflows are getting less and less. Low,ollaryuan, fiveyear do we just drift that lower on the back of that data . There is many more questions than our answers in terms of manufacturin
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