Bloomberg, European Union, United States discussed on Bloomberg Daybreak: Asia


The S and P five hundred gained the most in more than a week more from Charlie Pellett in this Wall Street route an update for the Dow the s&p NASDAQ with the tech heavy NASDAQ one hundred recouping two days of losses after China announced more measures to boost its economy as for the interest rate environment in the US Jerome Schneider is head of short term portfolio management at pimco, we're well past a Christmas gift of low yield. But at the same time, it seems like the market store romancing, the idea that we're potentially have a cut in the future in two thousand twenty in two thousand twenty one and the fed right now is clearly between Clarita and Powell and the rest of the speakers are really embracing the fact not only of data dependency, but patients S and P five hundred index up twenty seven up one point one percent. Dow Industrial's up one hundred and fifty five up seven tenths NASDAQ up one hundred and seventeen up by one point seven percent in New York. Charlie Pellett, Bloomberg daybreak Asia. What is happening with financial markets is the week. Asian session gets underway. Here is Bloomberg's Doug krizner fresh. I want to pick up on the point that Charlie was making in that piece of tape. Their patients we heard today from the head of the Kansas City fed Bank Esther, George now, she has been one of the more hawkish members of the Fed's policy group today, she was urging her peers to be patient and pause before considering additional rate hike. So that seems to be the consistent narrative that we are getting from the fed right now US ten year treasury last quoted in New York at around two seventy one the dollar gained a bit of ground, but it was largely because of a big drop in the euro vis-a-vis the dollar that was after ECB president. Mario Draghi said the European economy is weaker than expected Bloomberg dollar spot index by the way was up about two tenths of one percent right now as we look to the beginning of the Tokyo session could be a flat open for the Nikkei, two twenty-five. Chicago futures have us only about twenty points. The yen weaken quite. A bit here. We are one hundred sixty four against the dollar. I'm Doug krizner at Bloomberg interactive brokers studio in New York rish to you. Right. Well, let's get to the big story of the day. It is the United Kingdom house of Commons is crushed than Theresa. May e Brexit deal. Details come courtesy of Ed Baxter. Bloomberg nine hundred sixty San Francisco needs. Yeah. Rish. Thank you. We have the may be you'd Brexit deal going down and monumental fashion. Four thirty two to two zero to the prime minister facing a confidence vote tomorrow, the EU saying it's horrified and the path forward joining us live to to try to sort it out for his Bloomberg's Ameri Hordern. Who is Brexit reporter in London Ameri? Thank you for joining us. Let's start with a vote a huge rebuff. Yeah. Two hundred and thirty is how she lost it so catastrophic defeat and more than a third of her own party voted against her. I think that's really critical. You could see here within just the opposition Tories voted against this. They voted against their prime minister and the leader of their party. Now, it's very interesting to see what happens from here because there are many avenues. So we take it day by day. We know tomorrow, I think I should face a no-confidence. That's what labor has called for now highly likely going to survive this vote her own party would after rebel rebel against her. Very heard from the Northern Irish lawmakers who really fear labor take over there behind the prime minister. So once she gets out of the way, it really comes down to being on the negotiating table with the European Union. And we heard that she's expected to go back to the EU to Brussels potentially as early as Thursday. But the European Union is talking tough. We heard from Yonker we heard from Donald tusk. They're basically saying to each make up your mind already, and they say there's no point in opening up these renegotiations if the U K lawmakers can't decide what they want. So for me, the one thing that was really clear from tonight, the vote that the only point of agreement seems to be that very few MP's wanted Mrs Maes deal, and as you know, we're just ten weeks away March twenty ninth. Is that deadline when the UK needs to leave us, so Emery. Yeah. Now, we have a maybe the most likely outcome of this. If it's possible, and I want you to clarify is him fifty the most logical patch to push back the divorce date itself to give them more time. Does that make any sense? Yeah. That would probably be the first step really a technical extensive article, fifty extending it and getting more time the U K needs to request it an all twenty-seven EU countries must accept it. So it can't just happen. They need to of course, vote on it. But one thing about this is the timing is a bit tricky. We have upcoming European Union elections in may a deal must be ratified by the EU parliament, which is set to go into recess. And this parliament itself was set the chain because the UK was going to be leaving and giving up seats. So it's very difficult at this point in time for the European Union for the calendar perspective to of course, extend this. But that would look first step. So does that. Al- enhance the chances and potentially of a hard Brexit or the both sides want to avoid that. Now, it looks like both sides do wanna void that one thing that the FX market has been bouncing on. What many say is the fact that may said in her speech following voted that she's going to reaching out to other parties to try to forge more of a consensus on the way forward? Now, the FX market as you saw the pound jumping against the US dollar. Also rallying against the year. I'm looking at now against all of the g ten it's up against everything began the krona with the the fact is that market is doing that. As potentially yielding a softer break that. Yeah. Yeah. They've kind of ignored it haven't they? All right. Thank you very much. Really? Appreciate your time. Bloomberg's Anna Marie Hordern. Who is Brexit reporter in London? Global news twenty four hours a day in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Thank you very much. Very good segment there appreciated de let's get to sport. We don't have too much Brexit in sport. Although there is some anyway, let's look first at Tottenham getting some bad news on star with Dan Schwartzman. Dan, Ryan this one as devastating news star. Harry. Kane will be out. At least two months ankle ligament damage. Cain.

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