Of the session. The 10 year yield down to 1. 57 , the place where it still seems to be changing. Two210 spread just at basis points. Is strong. Index argentinian peso stronger today as well. Guy i want to come back to that currency story in just a moment. Stoxx 600 down by 1 10 of 1 . Actually near session highs right now. The pound is rising. Decent retail sales out of the u. K. And u. S. German yields continue to push lower. 68 now. Lets take you to the eurodollar chart as well. Has been talking from the ecb, saying basically it would be better to put more stimulus in then less. Thats the effect on the euro, dropping like a stone on the back of those comments pyramid those comments. Investors flee riskier assets in droves. The 30 year yield to a record low. A key part of the curve inverted to the lowest level since 2007. Heres what some of the leading voices are saying. Whats happening today is broader than just the fed. It is about Global Economic weakening. You dont need an inverte
Tenyear, and we are looking at a situation where the euro is going down. Basically, olli rehn has said we are going to get the bazooka out in september. It needs to be impactful. We are going to deliver in september, and when we do deliver, it is probably better we go too far rather than not far enough. That is the effect on the euro. Vonnie in the u. S. , we are seeing the s p 500 trade higher by about 2 10 of 1 . Broadly higher for most of the major indices. The 10 year yield is at 1. 55 , so continuing to decline. The spread is staying positive, marginally. Guy a little bit of breaking news. The Swiss Stock Exchange is said to be considering buying an eu for somerd, looking diversification. Story. Y be yesterdays we will come back to that. Trade concerns causing some fluctuations in the market right now. Treasuries resuming a rally that pushed the 30 year below 2 overnight. Joining us now, patrick spencer, baird vicechairman of equities. What have you made of the last 48 hours . Pat
Watching from asia. Welcome to bloomberg surveillance. You are just getting that decision from gorgeous norges, this is an interesting rate on how to set Interest Rates. A hawkish stance because of weakness in the national currency. But given the rest of the world is much more dovish and weaker President Trump putting pressure on the fed to cut, it is interesting if you are one of the lonely banks out there that wants to hike. Overall, european stocks are unchanged. , which gave sold much fear and anxiousness on the markets, currently stabilizing at 2. 01. Will have extra checks throughout the day and more on the inverted yield curve. Coming up, axis of conversation with Philipp Hildebrand, the blackrock vice chair. And exclusive conversation with Philipp Hildebrand, the blackrock vice chair. Lets get straight to bloomberg first word news in new york city. Warren buffett has upped his wager in amazon. Hathaways stake in the ecommerce giant rose 11 in the Second Quarter. It is now value
Chinas talking tough about trade and sounding as though compromise is possible. Beijing warned it plans to retaliate for new u. S. Tariffs scheduled to take effect next month. China called the tariffs a violation of the accords reached by President Trump and president xi jinping. The Chinese Government said the leaders have kept Communications Going and hope there can be resolution based on equality and mutual respect. Six european nations are hoping to take the 147 migrants stranded on a spanish humanitarian boat off italy. Italy says france, germany, romania, portugal and luxembourg will help. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery im shery ahn. Amanda im amanda lang. Welcome to bloomberg markets. Here are the top stories we are following from around the world. American shoppers boosted spending in july, following fuel for heightened global uncertai
Unarguably said that israel did have a right to exist although she has been criticized by some on the right in israel for talking about a one state solution in the future what i think we have is a great deal of pressure coming from the u. S. Administration. The white house to make this decision there was a report of that over the weekend and trump has broken cover in this tweet saying that it would show great weakness that these 2 hate israel and all jewish people just last month israeli ambassador to United States ron dermer was saying that they would be allowed in that it was seems a good thing for u. S. Congress members to have access to israel for despite whatever the views that they held were so theres been a big flip flop here from the israeli side Benjamin Netanyahu has an election coming up presumably it does him good on the israeli right to make this kind of decision potentially he sees some some extra u. S. Assistance or potentially further u. S. Approvals of various things c