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Without the increase in a child tax credit. And the African National congress, the anc elects a new leader this weekend. We will speak to the head of the South African not this at goldman sachs, colin coleman. Matt we are less than a halfhour away from the start of cash training. We are standing literally right next to each other. Take a look at the futures here. I have this green. If you flip the futures off, you can see that they were indicated to open down when the equity trade starts in 29 minutes. Take a look at treasuries. Guy mentioned what is going on with the tax reform debate in the u. S. , and that will affect a lot of asset classes, but none more than treasuries and the u. S. Dollar. This is a threeday chart of the 10 year yield. The are hovering around 2. 36. We have come down a little bit. Will people buy or sell, and if they do, what will they do with that cas ....
Credit suisse. Mark barton in london with your data check. Mark looks as if the fiveday winning run is sputtering or stuttering. Choose your word. Down by 0. 1 today. The stoxx 600 boosted by results of the firstround of the french president ial election on sunday. The optimism is among investors that Emmanuel Macron will emerge victorious. Eurodollar, weve been as high as the november high yesterday, just crossing 1. 09. The recent rally also spluttering, stuttering, or spluttering. German 10 year yield was at a end of march high yesterday. Yields creeping up in germany and across europe. Towardsd a propensity riskier assets this week in the wake of the French Election. Nymex crude, big stockpile data today. Down by 0. 3 . 49. 39, francine. Francine stockpiles really in the last couple months have been able to change. Now, mark, lets get straight to the bloomberg first wor ....
At 10 00, we will get weekly crude inventory numbers from the u. S. Which are expected to drop. At 2 00, it will be the fed decision followed by Janet Yellens press conference 30 minutes later. We will bring you live coverage starting at 1 00 p. M. Today. First, we want to give you a preview of that decision. And so, we turn to mike mckee in washington. Mike, there is not much suspense on what they are going to do on the rate. What are we looking for . Mike it sounds like a cliche, but it is about what they do and not what they say. We will look at the soft patch to see why they need they feel the need to raise rates anyway. What are they going to say about unemployment . It is now below where they were projected in march. The cpi numbers could be very important, because they have to explain what is going on with inflation which has dropped off significantly. Is it going to continue to drop . If so, why do they think so . This all ....
Tracy this is the best of Bloomberg Markets middle east. That could lead to inclusion and some of the worlds biggest stock indexes, potentially tracking billions of dollars to its traded companies. They noted a number of positive market reforms in saudi arabia, including changes to Foreign Ownership limits. Heres more from robert and sorry from robert ansari. We generally say the average of between three and four years. The most recent inclusion of pakistan was done in a year. If we take that most rigid example most recent example, that would be a year. Tracy is that what we mean by fasttrack inclusion . One year . They never reclassified a market quicker than a year. Thats not to say it cant be done quicker than a year. Course, saudi arabia could potentially get 2. 4 weighting in the index. We also got the announcement about china, and it was a slightly bigger waiting ....
Asset for you. Futures are a bit softer. Down 0. 1 . The story in europe is a stronger euro. Alex on the short end of the curve, you continue to see the yield grinding higher. A big move. Dollar is a little softer. Gold also softer but crude on the rebound from right around the moving average. See what has happened in the last 24 hours. Snap is still trading. Up about 24 . The high was 41 from the offer price. We are now down here. What will it look like today . It will tell us about technical and momentum trading. The real story has to do with the fed. Janet yellen today at 1 00 p. M. All eyes on what she may say about march. You can see what the market is saying about march. The implied probability of a rate hike is now add 90 . Is now at 90 . What will be the word that signals march from janet yellen today . She does not have to prepare markets for march anymore. If she does not like the idea, she has to lean massively against it. If you want to take march off the table. There are v ....