Annabelle we are counting down to the major market opens. Shery the top stories is our. Investors get back raise the budget deficit as it changes growth targets. Fourth consecutive decline in orderly revenue amid weak demand. We start you off with breaking news. We are getting the goods trade surplus widening. The account surplus widened to 4. 81 billion. We are expecting some gains. Customs data remained wide. The trade surplus widening. Annabelle numbers that could be quite supportive. Essentially we have preliminary earnings to see the fourth straight revenue drop. Yesterday a session is just getting going. Reasons for that are the pull back. Lower yields builds into a softer dollar. We see that big bounce in the Golden Dragon index. Shery we sell u. S. Stocks and bonds graining ground. The s p 500 with a technical rebound. We are not seeing much change in the early. Were watching treasury futures at the moment, treasuries rising. Continue to watch those numbers that will come out o
Target, prices refusing to budget in march. Haidi chinas oil giants benefit from cruise gradual recovery. Opec says producers are unified in rebalancing the market. Rishaad the regions banks are starting to report earnings, so far reflecting a general upturn in the economy. Right, lets have a look at what has been going on today, dominated by currency markets to some extent with mario draghi beast. D as an elusive doing nothing to cement a vision that tapering will start when it comes to the Monetary Policy situation in europe. Suggestingindicates more power to move currency markets. We are looking ahead as well to data out of the united states, a first read of firstquarter gdp later today, as slew of japanese news as well. Haidi extraordinary Monetary Policy around the world. Take a look at this chart 5548, fed, boj, boe, ecb, starting to see that the versions, no surprise is from the boj or ecb, exitario draghi saying an is too early to talk about, things are going better and adjusti
Interest rates do remain unchanged. The vote on that. The gilt purchase is 80. The bank of england keeps key Interest Rate unchanged. The vote was 71. The vote on Interest Rate, 71. Thathan the idea is growth hasnt turned lower in the way that they anticipated and inflation continues to grind higher. It is starting to become more open to the argument that she has put forth . Guy i think you can deduce that from the line talking about tighter policies. The markets, because it has an assessment that the bank will look through this inflation because it is transitory and linked to the currency, maybe it doesnt hold water . Maybe if they are concerned about the secondround effects . That it will have an impact on the wage story . And it could have an impact elsewhere because of that. So the implication seems to be that yes, the argument does seem to hold some water at the moment. The bank has not decided to step onto the other side of the debate. It is interesting at this point but clearly,
Motion goes to a secret ballot. It is 8 00 across the emirates. Is a pause for the market andy that we saw in asia the regional benchmark just barely holds onto gains. This is leading the declines. We are seeing every sector there is also a little bit of loss for south bank and they are not able to upset the gains with the earnings and that is a key driver of the markets. The exports missed estimates and guru. We are seeing the renminbi grow has aluminum at its best levels in five years and they are seeing a lot of momentum. Caseurse, that is not the of oil, which is losing ground. Once the weaker dollar feeds into some of this community. You have the meeting and you have u. S. Inventory to look ban watch out for what is happening in terms of oil companies. Futures at 1200 tuesday five dollars an ounce and it is the lowest since march 2016 to spread with the bonds over the it is ahead of this noconfidence vote. What is going to happen . There is a big decision ahead this is local time.
Higher in terms of commodities. Copper up. 4 . Euro pretty much flat after a bit more hawkish. Hinting we could see a rate hike this year. We see 50 chance of a rate hike. Lets have a look at the equity markets. So much corporate news. Airbus up 3. 5 . Third quarter profit up 12 . They are going to increase the amount they are producing in terms of a320. Bnp paribas up 3 as well. Profits gain. Bullish on Investment Banking. We can raise our market share, they say. Renault up 3 as well. Confirming higher margins. Get this raising the outlook for europe and france in terms of the market for cars and demand. Jonathan thank you very much. Decent numbers out there this morning. 2 . Tse 100 up by the cac up. No halloween surprises from the boj as governor kuroda bets japans will hit its inflation target. China gets rid of its controversial one child policy and shares and charge related stocks soar. Later, a monster october. Forrap up a bad month equities. For its best month since 2009. No ch