21 Burst results for "BOJ"

"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | Last week

"boj" Discussed on Bloomberg Radio New York

"He can now start to refocus on the economy, helping to improve things there. And that will start to show up probably in the first quarters of next year rather than this year. Yeah, you mentioned a minute ago that's going to be a while, perhaps before inflation becomes a topic of conversation in China, but it's forcing its way onto the agenda in Japan, that those October CPI numbers 3.7% were now well beyond what the BOJ was looking for. When are we going to see some policy change coming out of Japan? Well, according to BOJ chief Corona, it's the wrong kind of inflation. He wants to see inflation driven by a rising wages rather than imported costs. So he keeps on going on about his speaking again today and he's retaken the same thing is that he wants to see a significant increase in domestic wages in Japan, which isn't happening yet. And he says that once that is sustainable, then he can consider changing policy. Really, his explanation is a lot of the inflation you're seeing Japan is really a function of the Japanese yen when the yen was so weak, recently got as high as a 152 against the U.S. dollar. That caused so much of the inflation in Japan that you're seeing in the CPI numbers now. And the yen is still relatively weak on the long-term basis. So until he gets what he wants in terms of wages, he doesn't look as though he's going to change his mind. Although of course, bear in mind, he will step down in the first part of next year and there'll be a new BOJ chief. Yeah, that's going to be an interesting moment. Indeed, the EM one 40 against the dollar right now very quickly mark what to hit for the dollar. Bumpy ride. It's going to be a bit choppy. I think it's reasonable that good chance we're seeing the higher for this year. But we've got a lot of speakers. We've got one more third meeting, our CPI. There's lots of things that can move the dollar around quite actively in the next few weeks. Yeah, it's going to be an interesting few weeks as we count down to the end of the 2022 and what a weird year it has been. My cranfield Bloomberg M live

BOJ Japan China U.S.
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:40 min | Last month

"boj" Discussed on Bloomberg Radio New York

"Hong Kong, 1130 here in the city. I'm Paul Allen. And I'm Brian Curtis, who got trading underway in various markets around the region, still got an hour to go before we get Marcus moving and shaking in places like Hong Kong and Shanghai and Shenzhen. Interesting comments out of emerging markets guru Mark Mobius that China will probably have to ease its COVID policy by the end of the year because it needs the money that bad. That's something that's coming up as we look closer at market action, but for now some of the top stories. Government data revealed U.S. GDP rose 2.6% at an annualized rate in the third quarter and that's after two declines in a row The results beat consensus as personal consumption rose more than analysts forecasted council of economics advises chairs to see the aroused struck a positive tone on today's numbers. Overall, what this report tells us is that the economy remains robust, it remains resilient, even as we're starting to see the kinds of cooling that I believe the fed is looking for. The GDP report did, however, contain some foreboding signs, growth was almost entirely driven by trade, and residential housing investment plunged separately initial jobless claims edged up less than expected last week to 217,000. Intel is pledging to cut costs as it weathers a slump in PC demand. The company said it would take unspecified actions, resulting in savings of some $3 billion next year, and it could rise to as much as 10 billion in cuts by the end of 2028. This comes after Intel reported that revenue for the prior quarter dropped 20%. Bloomberg's Ian king. Coming into this, the question was, well, was pat Gosling at the CEO's prediction that the third quarter would be the bottom was that going to hold up given everything else we were hearing and the answer was absolutely not. Intel was able to rescue itself in terms of today's announcement by saying, yes, we were wrong as things are worse than we thought. And this is what we're going to do about it. The market loves Costco loves a sense of reality. Yeah. And as a part of that, the stock actually jumped in after hours, market at the moment, really loves spending cuts. Still, it was up 5 and a half percent. Still an economic slowdown continues to affect the outlook for Intel, the company now reducing its revenue forecast for the year from 64 to $63 billion. Hong Kong is pivoting towards a friendly irregular regime for cryptocurrencies, but told a planned mandatory licensing program for crypto platforms is said to be enforced in March of next year and it will allow retail trading. We also hear regulators are seeking to allow listings of bigger tokens, but won't endorse specific coins like Bitcoin or ether. The Hong Kong government has also expected to flesh out its recently stated goal of creating a top crypto hub at a FinTech conference, and that starts on Monday. All right, the time is 33 minutes past the hour let's get to Doug Krishna, who is looking at markets. So no earthquake expected at the BOJ today, but then we got an earthquake from Amazon. We did. And quite a shocking one at that with forecast for net sales for the current quarter well below estimates right out of the gate shares were down when this news hit the tape about 19%. We narrowed those losses in late U.S. trading, I think, the last quote was down 12, so look for some weakness in the U.S. equity market tomorrow. And indeed, right now, the NASDAQ 100 E mini futures contract off about 8 tenths of 1%, the S&P contract down by about 6 tenths of 1%. All of that after a down day for the broader market today, meta platforms one of the primary culprits it shares fell 25% today you'll remember around 24 hours ago we were talking about the disappointing outlook for meta and a lot of investor concern about where the metaverse is headed today in the U.S. three investment banks downgraded the stock. On the positive side though, caterpillar shares were up nearly 8% after the company highlighted strong buyer demand and that helped the Dow to a gain of around 6 tenths of 1%. We've got this BOJ meeting later today in front of that we learned that core consumer prices in Tokyo were up in the month of October by 3.4% that's year over year was a little above forecast and at the same time Japanese prime minister kishidai has announced an extra budget the aim here is to stimulate the economy. It's worth ¥29.1 trillion that works out to be about 490 billion U.S., the yen right now on this news is sag just a bit not by much one 46 35. The dollar remains strong, the dollar popped in New York trading in spite of the fact that US Treasury yields across the curve moved lower inflation in the states as measured by that GDP price index up in the third quarter by only 4.1% in Q two, we looked at a 9% gain and check this out for Q three the Bloomberg survey was looking for a gain of 5.3% so that 4.1 obviously below forecast, and that sets its up for tomorrow's preferred measure of inflation for the fed, the PCE deflator. Ten year treasury now in Tokyo rising by just a basis point, three 93, a two year at four 28, the nikkei is negative 1%. The cost be down one tenth of 1% ASX 200 down 6 tenths of 1%. Paul. All right, thanks very much, Doug, 25 minutes now to the top of the ad. Let's get a

Intel Brian Curtis Hong Kong Mark Mobius council of economics pat Gosling Paul Allen U.S. Ian king Hong Kong government Shenzhen Doug Krishna Marcus BOJ Shanghai
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | Last month

"boj" Discussed on Bloomberg Radio New York

"This shot in the arm and it could happen. The yen is inching toward where we had BOJ intervention up in the high one 45 one 45 90 range, right. One 45, 72 this morning. Is that something that the BOJ is quite coy about? Does that target change or what are you hearing? Yeah, I think the one 45 it seems like is the floor that authorities are comfortable with. We already had that one intervention, obviously. But kishi dah, the prime minister has been really pushing for the opening up to really capitalize on this weekend. And relatively low inflation relatively speaking compared to outside countries, whether it's the United States Europeans and others. So get the tourists in on the weekend, the pent up demand is there, and that's what they're going to try to capitalize at one 45 to the dollar. Okay, Steve, we are coming up to the top of the hour, always great to have you in. And do you have any questions for us? No, I'm just joking. Don't even don't even think I want Taiwan's opening up to on Thursday. Yeah, scrapping the three day quarantine. It's very unusual. What happened in Taiwan, the cases just shot up to the moon. They're 35, 40,000 a day. You save for another day. Another day, another morning here live on the radio. I know you'll look forward to it. Stephen engel, Bloomberg's chief north Asia, TV correspondent, with us coming up to the top of the hour get some new markets opening up, and then we'll really be able to give you a full picture of what to expect from this day's trading. This is Bloomberg. This is doctor trudy flair here with the 5G home recovery podcast. Let's discuss a very real existential threat to Internet speed. It's a big one. Ready? T mobile home Internet. It lags. Now what is leg? Is a delay in data being transmitted across the Internet? For example, you're hitting that hot drop, the parachute cuts out, you've got an unsuspecting butt near sight then leg. You are actually eliminated ten seconds ago. Nobody deserves that. So stop letting T mobile home

BOJ kishi dah Taiwan Stephen engel Bloomberg trudy flair north Asia Steve United States
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:43 min | 2 months ago

"boj" Discussed on Bloomberg Radio New York

"Yeah, 75 bps is certainly been priced in by the market. And at this moment in time, if you look at the U.S. ten year yield, it is at three and a half percent. And at this moment, it seems that it is at a resistance level. So 3.5 could be overshooting to 3.7. But this seems to be likely to be anchoring around these levels. So two ideas that we have for our investors. So one of them is DM IG corporate bonds because they're using more than 5% and if you look at how much they've been using over the last 78 years, been like two and a half percent. So this is very attractive yield. You do need some defensive exposure. You do need to have some income carry to be able to combat markets like these. The other idea is high dividend equities globally. Because if you look at times when U.S. CPI is above 3%, global high dividend equities outperformed global equities by about 6%. They actually had an absolute return of about 4% positive versus global equities down 2% in those periods. When do you expect that we could see a fed pivot and what will perform well in such an outcome? Well, given the latest CPI print, that fed pivot has been pushed, I guess, pushed back into the future. So we probably need to see a couple more prints that are below expectations for this pivot narrative to return. If that is the case, that the higher growth stocks will probably do very well in those environments because you expecting that the use would be coming off. And that would help the valuation of those growth stocks. All right, let's talk about Asia. Now we did have that hot inflation read from Japan. Is it hot enough to move the dial though when it comes to the bank of Japan? Probably not. Think Japan has Japan really has a chronic this inflation issue. So they probably need to see a few like this before that bank BOJ consider possibly scaling back on the outer loose policy. So the total yen is probably here to stay. Around these levels. And we saw such big moves in dollar yen and JGB futures last week as well. The three and a half percent treasury rate as well, how much does that kind of potentially have an impact on the BOJ decision when we're looking at this year differential? Well, I think at this moment in time, the Japan economy do need such weakness in the yen. Because it does help the exporters, they are trying to boost up the tourism again. So of course, I think they would let the yen stay around these levels. I think unless they go above one 50, they wouldn't be doing anything concrete. A lot of this, as we know, with what's happening in dollar yen is happening in EM currencies because of the strength of the dollar as well. We mentioned earlier waiting to see what the PBOC fixes today. How much of a guess is a stress that we could see 7.25 now? I'll send 1.25. I think that's certainly a possibility because you do have the property issues looming at the Chinese economy. And there are still a few weeks before the before the Congress at the end of October. So until then, I think big

BOJ Japan U.S. Asia PBOC Congress
"boj" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

04:48 min | 2 months ago

"boj" Discussed on CoinDesk Podcast Network

"And produced and distributed by coindesk. What's going on guys? It is Sunday, September 18th, and that means it's time for long reads Sunday. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review or if you want to dive deeper into the conversation. Come join us on the breakers Discord. You can find a link in the show notes or go to bit LY slash breakdown pod. Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. Now, it is only fitting for Ethereum merge week that we do a merge themed long read Sunday. Although what we're actually going to look at is the contemplation it is prompted around Bitcoin and its relationship both to Ethereum as well as to itself. So first we're going to read a piece called Bitcoin should change slowly. Reconsidering the first cryptocurrency slow and steady approach to development as Ethereum's merge nears. The pieces by Chris castiglione who works on a secure chat platform for web three called console dot XYZ is a general manager at trust machines, which is building on Bitcoin and is an adjunct professor at Columbia University business school. Chris writes, Bitcoin is slow to change, transaction speeds are too slow for a global payment system. The community is reluctant to embrace novelty, and the rate of new innovation in comparison to nearly every other blockchain is tortoise like. Fortunately for Bitcoin, I believe it's slow and steady pace will ultimately be its superpower. This year, Ethereum will undergo a radical upgrade known as the merge. The event scheduled for mid September will change the underlying consensus mechanism that allows blockchains to function from something like Bitcoin's proof of work system to a more experimental model called proof of stake. It's a development that has been underway for years. Vitalik Buterin, the cofounder of Ethereum announced that a Paris based Ethereum conference that after the merge, Ethereum was still only 55% complete. There's a list of upgrades to Ethereum slated for the next two decades. The Ethereum community, buterin caution should learn to expect short term pain and long-term gains. The mentality of development opens Ethereum up to a new possible futures, but also risk. Herein lies the opportunity for Bitcoin, an opportunity to embrace its slow rate of change so that it can become the world's most valuable forever database. A forever database is a gift to humanity. I've heard blockchains described a million different ways an immutable ledger, a shared system for recording data, a growing list of records secured by cryptography. All of this is fine, but for the average person these explanations are confusing. The simplest definition of a blockchain is a forever database. Maybe you're a total beginner and you can't picture a database. No problem, and if forever database is one in which when you write data, that data is stored, well forever. Due to a series of design decisions, blockchains are immutable. Theoretically, the data store becomes a bulletproof record of truth for thousands of generations to come. Since Bitcoin went live on January 3rd, 2009, the network has never gone down, been hacked or stopped storing new data. Bitcoin is also a currency that can't be inflated by selling point that has become the network's chief use case. The bookkeeping is never wrong. Imagine that being able to trust that 1000 years from now that your data and money will still be accessible. Not only that, but people living many generations into the future could verifiably trust this ledger is true. That's powerful. Forever databases enable novel use cases beyond money like instruments, which are primarily being explored on networks beyond Bitcoin. Mike boj's crypto art project zero X infinity allows you to publish love letters the site claims will last forever or as long as the Ethereum network is running. Are we as a file storage system that claims to store documents and applications forever and starling labs as a project that, among other things, has uploaded 56,000 Holocaust survivor testimonials to preserve evidence of human rights abuses and protect against future disinformation. A forever database ensures the integrity of our collective memories in a way that previous databases could not. And yet, consistency is the key ingredient. As long as Ethereum, Solana, and other blockchains continue to upgrade their code base, they can't compete on consistency. In early 2022, the Solana blockchain, known for its move fast and break things mentality, suffer two outages, each of which took the network down for several hours. The key superpower that makes a blockchain forever database is being resilient to outages, a forever database should never go down. If it does, let's just call it database. For Bitcoin to thrive, users need to do more than just hold their money. Bitcoin needs to become productive. There's an opportunity for bitcoiners to harness the power of their forever database through the use of additional layers. CG lightning or stacks so that they can build new applications. The race to embrace layers. Stacks is an example of a layer that adds programmability to Bitcoin. With stacks clarity smart contracts you can create applications, social networks, photo sharing apps, chat apps, with the underlying transactions are secured by Bitcoin. On Ethereum similarly, polygon is a popular layer developers used to scale the Ethereum network. The difference is that if Ethereum were to fail, polygon and all of Ethereum's additional layers would follow, falling like a House of Cards. We need a new layer, one that can access bitcoins forever database. It and only it can be a complete system on which we build the future.

Ethereum Bitcoin Chris castiglione trust machines Columbia University business s Vitalik Buterin blockchains XYZ Mike boj Chris Paris Solana
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:18 min | 2 months ago

"boj" Discussed on Bloomberg Radio New York

"In in the Asia Pacific, good day if you're listening elsewhere. I'm Brian Curtis here in Hong Kong. And I'm Juliet sali in Sydney. Let's get straight to New York City for a check of how things are shaping up for the Asian trading session with Bloomberg's Chris net Doug. Hey Jules, a little bit of positivity here. That was the case in the U.S. session. Seems to be that worries over inflation are less intense today, producer prices in the U.S. down in August for a second straight month. That may have been one of the reasons why the chief economist at JPMorgan, Michael feroli was saying the fed is unlikely to raise rates next week by a hundred basis points. Right now, the swaps market giving a higher probability of a 75 basis point move. Today in terms of market action, we had the yield on the two year rising a mere three basis points at one point Tuesday with that hotter than forecast reading on CPI we had the yield on the two year jumping 22 basis points. Here we are in the Tokyo session with a two year yielding three 79 a ten year now at three 39, terms of equity market action. We've got the nikkei rising just two tenths of 1%. We had some my eco data for Japan, a short while ago, August exports up 22.1%. That's year over year, a little bit below what the street was looking for. I think the estimate was around 24.1, the end continuing to strengthen right now at one 42 99. It was yesterday that the nikkei reported that the bank of Japan or at least officials at the BOJ conducted a so called rate check with a number of banks, it seems like the BOJ is concerned right around that one ¥45 to the dollar level, although the finance minister warned he would not rule out any response if the current trend were to continue, but we, as I said, have seen a little bit of strengthening in the current session. Install the cost may now rising just two tenths of 1% and in Sydney, the ASX 200 ahead by a tenth of 1%. More on markets in 15 minutes, Brian. Telling the other interesting part of that trade debt you mentioned was that Japan's imports were up 49.9% and think about how expensive that must have been with the weekend like it is. And that's a year on year number. It was a little stronger than what we saw in July, which was up 47.2%. So quite amazing, no doubt that oil playing a very big part in that. All right, the time is three minutes past the hour. Let's get to some of our news stories for you. Shares in Moderna rising 6.2% today for their largest gain since August, Reuters reported the company has held talks to supply COVID-19 vaccines, mRNA in a vaccine to China. Moderna's CEO Stephane bonsell said that the company has the capacity to supply those shots. Even so no decisions have formally been made yet. But also said that Moderna is considering building facilities in Japan to produce mRNA derived products. He was speaking on the sidelines of a media conference in Tokyo, and despite today's gain shares in Moderna are actually down this year quite significantly off 46% year to date. Well, the U.S. rail worker strike could begin on Friday, that's when about a 125,000 union members might walk off the job, given the possibility freight railroad companies are planning to halt shipments starting Thursday. The White House is considering an emergency decree to keep key goods flowing. In the meanwhile, U.S. labor secretary Marty Walsh is leading negotiations between freight rail companies and unions, Toyota is among the many companies looking for backup plans in his Toyota senior vice president, Andrew Gilliland. We have contingency plans for storage and different places throughout the United States. We would use trucking as a backup. But again, as I said earlier, we want to encourage everybody to try to work this out. I think rail for not only our industry, but many of the industries in the United States is absolutely critical. If a strike does occur, it will potentially cost the U.S. economy more than $2 billion a day. A time now coming up on 5 minutes past the hour, our guests with us in our studios here. Martin henneke, Asia, investment director Saint James's place wealth management. We'll be chatting about markets with Martin. He always has some spicy views for us. We'll get to that in just a moment. Now it's time for global news

BOJ Brian Curtis Juliet sali Chris net Doug Hey Jules Michael feroli Moderna United States Sydney Japan Asia Pacific JPMorgan Tokyo Bloomberg
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:52 min | 4 months ago

"boj" Discussed on Bloomberg Radio New York

"App. Quick take. This is a Bloomberg business flash. Now it's time for the Bloomberg business flash stocks a little bit lower than on Tuesday after apple's plans to slow hiring highlighted concerns about aggressive monetary tightening and the potential impact ripple effects across economies airing highlight concerns about aggressive monetary tightening and the potential impact ripple effects across economies and corporates. So in terms of equity futures we are called a little bit higher though for the ASP 500 mini by about a 5th of 1%. European equity futures are called lower therefore FTSE 100 down about two fifths of 1%. And the bond markets. It's really a story of treasuries picking up where they left off. We are looking here at U.S. ten currently at two 97 holding on the 3% handle. Again, there is this fomo effect around these yields and fantastic analysis as well on the Bloomberg that's trending. In terms of the currency is Euro dollar still holding up one O one 50, so a little bit of upside there. The greenback halted the two day slide. So a little bit of strength coming across the Bloomberg dollar index, the other key pairs Donnie yen at a 137 94 and cable just short of one 1917, the commodities space. We are getting an indication that there could be renewed supply out of Libya, the force majeure being lifted, currently Brent crude trading at a 102 barrels on a tick barrels in 20 cents a barrel and then gold just a lot of flat line. There is almost a sense of holding for breath as we count down to the big decisions from the ECB and the BOJ later on the week. That's the Bloomberg business flash, let's get out to land guarantee what else is happening around the world. Yusuf good morning and thank

Bloomberg apple U.S. Libya BOJ ECB Yusuf
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:00 min | 5 months ago

"boj" Discussed on Bloomberg Radio New York

"That together. What's your recession probability number is a heist for Bloomberg? Well, Bloomberg economics monitor, I've pegged it at around 70 odd percent for U.S. recession. Sometime next year, a globally people are starting to talk about it now, maybe a 50 50 chance. I think Citigroup was out this week. They said 50% chance with global recession right now. The big debate comes down to then what kind of conversation will it be either in the U.S. or globally? We know the kind of backstories meant to be consumers have tash, a bank term better order and that this time around the economy should be better placed for a kind of a shallow recession or a shorter live recession at least. That's a big unknown. And that's the big trade off the policy makers are facing, but this language from Jerome pile again he said in the testimony yesterday. He said a recession is not inevitable. He's trying to talk up the economy, but I think most people are aging towards now at the very least, both the U.S. economy and global economy are certainly headed towards a Steve soda and it's not something in the order territory. Okay, and thank you very much. And the car and there were the very latest probability statistical analysis on recession watch. That's what Japan's key inflation gauge has stayed above the BOJ's target level of 2%, a result that will likely keep the speculation alive over a possible policy adjustment at the center of bank. Let's get to our Japan economy editor, Paul Jackson, Paul, the issue is what triggers a response from the BOJ, is it the currency? Is it inflation? What's the latest take after the inflation data? Well, I think you've mentioned some of the key points there already. We're at 2.1%. So this isn't like inflation crisis, digit reaction required mister Corona. No, no. But at the same time, we've got the three factors really, the yen, getting weaker. Pressure on bond yields. And political pressure. They're the three things that I think could move the BOJ to change policy. The moment curta says the inflation is not sustainable and he must keep course, keep the stimulus going, keep interest rates at rock bottom levels to ensure the recovery continues and that inflation feeds through into wages and we get a sustainable loop. Yeah, but the moment relatively contained on the eastern front and Japan at least with the dalliance of a 105 Paul, thank you very much for that Paul Jackson. Japan economy editor. I want to get to another important story in that as Wall Street's biggest bank, stay in east, defense annual stress test, paving the way for billions of dollars in shareholder payouts that set out to Bloomberg zucchini for more. So what details then emerge from the numbers exactly. Who did how well? Well, 30 of the biggest banks here in the U.S. were evaluated 30 past and what the fed says and it's very important is that all of these banks showed they were able to withstand a severe recession and that's very important given the current macro environment were in, specifically, they demonstrated that they were able to stay above the fed's capital minimums when faced with a mock crisis that the fed throughout them. They tested these banks with hypothetical scenarios announced back in February when they seemed a bit far fetched, lucid and see if they don't sound quite as far fetched. Now, widening corporate bonds spread a collapse in asset prices, increase in market volatility, a surge in unemployment in a crash and commercial real estate. That was the scenario. And for major firms, such as JPMorgan, Morgan Stanley and Goldman Sachs, they also faced a made up market shock that tested the resiliency of their trading operations. Again, I'll pass. You're looking at year to date stock performance for the banks

BOJ Bloomberg U.S. Steve soda Japan Paul Jackson center of bank curta Citigroup Jerome Paul fed JPMorgan Morgan Stanley Goldman Sachs
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:21 min | 5 months ago

"boj" Discussed on Bloomberg Radio New York

"In Hong Kong Brian It's such an interesting day today And a lot of the interest will be in Japan with the BOJ and I'll get to that in a moment Let's just run through some of the numbers Some of these markets are just opening in Taiwan the tye X is quickly down 1.3% the straights times index tumbling about a half of 1% We have China future starting to trade in Singapore They're down just a smidge off about two tenths of a percent And we've seen just a little bit of weakening here in the yen but the yen has been strong against the dollar Dolly on one 33 18 We had that big move from the Swiss national bank in raising rates by 50 basis points and my gosh the Swiss he gained 2% against the Euro It's not very often You see major currencies move 2% in one day So let's go to the bank of Japan Although most analysts are not expecting too much action we have the ten year yield rise to 26 and a half basis points this morning Now we back up a little bit This is yield curve control The BOJ is telling you it will print unlimited yen in order to buy the JGB ten year to keep the yield at 25 basis points That's basically telling you telling the market that's going to print money at infinitum for that goal So of course the yen should weaken Well if that changes now well you could see some real action to the strong side in the end I'm not suggesting that will happen because again most analysts are saying usually you get conservatism from the BOJ but it does set up for a really interesting meeting today We had a big sell off in global equities due to recessionary fears The Nike is down 2.4% The ASX 200 and Sydney down 2.4% as well and it cost me soft one and a half percent Doug over to you Well let's get another view on that BOJ meeting We spoke earlier with the head of Bridgewater associates Greg Jensen He tells us the BOJ is not going to cave to market pressure Really the big question is will inflation turn enough to change BOJ policy at a significant way That's a real debate within Bridgewater A lot of people have different views on that I am personally am concerned that global affiliation will creep into Japan the BOJ will be forced to move but I'm pretty confident they'll move on their own timeline and that they won't be bullied into this move and they have plenty of firepower to prevent it That's Greg Jensen there from Bridgewater associates By the way Bloomberg economics is expecting the J Japanese Central Bank to reduce its view on growth indicating that the recovery will still need support and that policy decision ten 20 p.m. Wall Street time Juliet Well Elon Musk addressed Twitter employees for the first time since agreeing to buy the company Moscow outlined division to get Twitter to a billion users He floated options like a subscription model charging users to verify their accounts Musk said this product change would help eliminate bots Bloomberg's Ed ludlow tells us that is a top priority He said that whether Twitter pursues a subscription or an ad model he still concerned about bots and nonetheless and that essentially the goal is to make Twitter an expensive platform In other words requiring some form of payment that disincentivizes bot activity Musk also expressed his views on content saying that users should be allowed to say quote pretty outrageous things with regards to remote work Musk said only excellent contributors should be allowed to work remotely Musk also did not address whether he was committed to the deal to buy Twitter but it should be noted that he also wasn't asked the question All right let's get to global news here at 5 minutes past the hour Stateside we have President Biden signing the ocean shipping bill into law president saying it's going to bring down prices for American families Let's see about that Ed Baxter has more from the Bloomberg newsroom in San Francisco Eddie He says with much trepidation Yeah okay And it seemed to actually Asian firms It's aimed at 9 shipping companies Doug and the president says those goods from Asia that cross the Pacific Anything and everything across the Pacific on a ship from Asia Saw a price tag shoot up And families and businesses felt the squeeze here at home In addition these foreign owned carriers have also been refusing to carry American made products back to Asia He says pandemic enabled the carriers to increase prices by 1000 percent He says $190 billion in profits Now the world's shipping council says with its tankers backed up at U.S. ports they were unable to traverse the seas and says the bill is inaccurate and is dangerous U.S. officials say they are working to get conversation between presidents Biden and Xi this summer U.S. ambassador to China Nicholas burns at a brookings institute fireside chat says multiple issues starting with human rights in Hong Kong To see the result now is very disappointing for all of us and we've been very clear about our views of the national security law on the repudiation of the rights of the people of Hong Kong We have an active human rights agenda here It concerns Hong Kong It concerns Tibet It concerns Xinjiang the concerns the genocide against the Uyghur population as well as talking protection of Taiwan and missile tests in North Korea and President Biden will launch a global infrastructure initiative to counter what the U.S. says are China's international ambitions The announcement set for next week's G 7 meeting U.S. congressional January 6th committee today focusing on the massive pressure put on vice president Mike Pence to follow a Trump scheme to overthrow the election It is showing a concerted effort to put pressure on Pence including a direct call from Donald Trump in which Trump called Pence a wimp Nick Luna is a former Trump aide My memory I remember hearing the word wimp either he called him a wimp I don't remember if he said you are a wimp you'll be a wimp wimp is the word I remember Now Ivanka Trump remembers as well The conversation was pretty heated And she says a different tone than Trump had used with Pence before and chair Benny Thompson says leading to the attempt at insurrection When Mike Pence made it clear that he wouldn't give in to Donald Trump's scheme Donald Trump turned the mob on him He including erecting.

BOJ Greg Jensen Musk Twitter Bridgewater Bridgewater associates Hong Kong J Japanese Central Bank Swiss national bank Ed ludlow Japan Taiwan Doug President Biden China
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 8 months ago

"boj" Discussed on Bloomberg Radio New York

"Probably both European headquarters here in London I'm Caroline hecker with this Bloomberg radio business flash There are growing calls to hit Russia where it really hurts That is the lucrative exports of oil coal and gas We've been just discussing the atrocities that have been found in the towns around Kyiv In terms of the energy markets though certainly yesterday natural gas prices in Europe they fell back because supplies have been stable that has sort of counted the worries around fresh sanctions against Russia in terms of oil prices this morning though we gained 1.1% for breakthrough of futures at a $108 the bow WTI crude futures also up 1.2% at a $104 Asian stocks are fairly mixed although you have a lot of markets closed China Hong Kong Taiwan shut for holidays The MSCI Pacific index gains just around a tenth of 1% As for futures this morning in the red both for the U.S. and Europe yesterday we saw European stocks again modestly Elon Musk has become the biggest shareholder in Twitter 9.2% stake announced in a 13 G filing Twitter shares saw 27% on Monday on the back of that Also BOJ's Corona saying that a weeken is still positive for the economy overall the end strengthened this morning Bloomberg done a spot index is flat That's a pretty big radio business fashion Here's the angolans with today's top stories good morning real Caroline good morning and thank you Let's start in Shanghai which has reported more than 13,000 daily COVID cases for the first time as a lockdown and mass testing of its 25 million.

Caroline hecker Russia China Hong Kong MSCI Pacific Kyiv Europe London Elon Musk Taiwan Twitter BOJ U.S. Bloomberg
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 9 months ago

"boj" Discussed on Bloomberg Radio New York

"GDP numbers monthly figures for last month up 8 tenths of 1% so actually surprising Surprisingly strong growth in January despite the omicron issues in the UK the 3100 at the moment is up by 1% More broadly in Europe we gain 6 tenths of 1% after the ECB meeting so the withdrawal of stimulus is on track despite the impact of the war Italian spreads widened significantly yesterday As for yields this morning Germany yields at 26 basis points Italian B2B one 90 U.S. yield at one 98 U.S. CPI yesterday It is staggering 7.9% Don't forget the next week we have the fed decision the BOJ and the Bank of England with a rates decisions as for the Kochi markets where we've seen surging oil gas wheat and other commodity prices breakthrough actually trading at a $111 now So I'll buy 1.9% but still significantly down for the week That is a good radio business fashion is the sorry not me and it's Hannah George of course with our top stories Hard to replace the wonderful Liam Well Chinese premier liki Chang says he will step down from his post after this year pointing to a coming reshuffle amid questions over the future of president Xi Jinping Lee made the disclosure at his annual news conference in response to a question about his decade as China's number two official The premier leads China's State Council and oversees a range of ministries Russia and Ukraine's latest attempt at diplomacy failed to make any progress In the first high level talks since Vladimir Putin's invasion began top diplomats from both nations met in turkey but made little headway after 90 minutes of negotiations After meeting Ukraine's foreign minister said his Russian counterparts indicated that attacks will continue until Moscow's goals are met And the UK economy bounced back above its pre-pandemic level in January recovering from the slump the month before when the omicron variants knocked activity GDP rose at 0.8% much stronger than the .1 of a percent pace predicted and after falling two tenths of a percent in December all parts of the.

Hannah George liki Chang Xi Jinping Lee BOJ ECB U.S. Bank of England UK Europe Germany fed China Ukraine State Council Vladimir Putin Russia
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:08 min | 10 months ago

"boj" Discussed on Bloomberg Radio New York

"The price section one hour away from CPI in America futures come in just a little bit Down a tenth of 1% not even on a S&P on the NASDAQ down by 0.14% on the Russell moving lower by under more than a tenth On a year so far year to date the S&P down by 3.76% not a big move now We start to eat away at those losses as the Sessions progress a big two day winning streak We break that Just a little bit going into CPI These can change a lot in the next 60 minutes Let's talk about how we set up in a bond market Twos tens and 30s on twos One 36 86 the higher the session very close to one 37 We pulled back by three basis points to one 33 66 Some tens came very very close Very very close to getting that one 97 on tens A little bit earlier in the week then we pulled back after that really really strong demand in that auction yesterday Right now one 92 50 on a ten year yield coming in about a basis point or so similar move on 30s Big question for the fed how does this CPI print set the tone for the March meeting and maybe shape the discussion for the year beyond that For the ECB and the BOJ let's sit on this Just for a second song switch up the board Euro dollar dollar yen For Europe can they keep up with the Federal Reserve Perhaps not will they hike Possibly later this year For the BOJ governor Corona was asked about it Tom No chance of a shift from that man anytime soon Is he the last one standing It's going to be interesting to see John I mean the churn here of information and the difference of opinions that we've seen John have been extraordinary and it's going to get reframed here in 20 58 minutes Just with a move off the back of those comments From the governor and the action from the BOJ as well One 15 to 79 that currency up a quarter of 1% CPI just around a corner Let's get you some movers some single names and say good morning to remain Good morning Hey good morning John and no doubt about it in 58 minutes The data the complexion of that CPI data is going to be a big driver here for the markets but we do have some fundamental stories here in the pre market moving stocks here Twitter shares up about 5% The numbers that they had on their earnings this morning I should point out Pretty much in line with estimates but they did institute a new $4 billion buyback That adds to about a billion that they had left over from the past buyback So all told about 5 billion shares that they're going to buy 2 billion of that accelerated That's a big part of the reason why you're seeing shares higher Disney shares were out at Disney stock was out last night with their earnings year The big news there A lot of people are focusing in on that streaming revenue which of course was big and it was a big surprise They're pushing now to about a 130 million subscribers overall here But I think the parks business really has to be talked about here $7.23 billion in revenue in the most recent quarter When you go back to the last quarter of 2019 the last three months of 2019 they had $7.5 billion in revenue at that parks business So they are basically back near pre-pandemic levels for that parks business Bob chapek talked a lot about this yesterday and about the pricing power Yes a lot of pricing power that they have at that parks business He also mentioned the streaming business as well and said he would not rule out a price increase on some of the Disney+ services in 2023 here Coca-Cola also out with earnings Again a lot of pricing power there 9% organic growth but more importantly that price mix that they had was also up about 10% well above what the street was looking for at about 6% Flip up the board a couple other names just to keep a quick eye on here We did get Uber earnings here Pretty much a beat on all the main metrics those shares higher by 5% Twilio is actually your biggest percent gainer here in the pre market as well as your biggest volume over here on the back of a good earnings report Those shares up 21% and Tom keep an eye on micron I'll send some of the other memory chip makers here a shutdown over at its competitor Western Digital giving a boost here to micron and some of the other competitors Roman basic Thank you so much to close this afternoon Amidst this earnings season This is our interview of the day on inflation We do this with a gentleman from Cornell and Yale under James Tobin Edward yardeni is definitive on linking our economics into our investment we're thrilled that doctor Jordan could join us This morning And I want to talk about the great divide which is the analysis of the nominal the actual the current statistic with the inflation adjusted statistic Phil kore the legend of pioneer once told me that the bright lights of inflation can solve a lot of problems for corporations Do you see that now that corporations will prosper amidst this new inflation Well I don't know that anybody really prospers in an inflationary environment So far over the past year where we've seen this surgeon inflation is certainly seems as though corporations have been able to hold on to their profit margins remarkably well They're basically at all time record highs and that certainly implies that all of these cost increases labor shortages part shortages have been overcome One way or another and one way to do it is to pass through those pressures into higher prices which we've seen But I'm really a believer that companies are scrambling to increase their productivity And I think that's going to be the big difference between now and the great inflation of the 1970s We had a raging debate on this yesterday of the horse and the cart of productivity to the rising wages to rising wages lead to a more spirited productivity It's debatable isn't it Well yes or no I think the big big structural issue the decade ahead which is just not going to go away It's kind of baked into the demography is that the labor force growth is going to grow at something between zero and 0.5% per year And that's all because of the population isn't growing baby boomers are retiring And we're replacing them basically one for one And so we're just no growth in the labor force and companies started to see that when the unemployment rate got to 3.5% before the pandemic And now here we are again with extremely tight labor market I think everybody's starting to understand that this is not just a pandemic issue This is a structural issue and the only way to deal with it is to increase productivity and there's phenomenal technologies out there to increase the manual and mental productivity of workers And I think.

BOJ Disney stock John Bob chapek Twilio ECB Disney micron Tom
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"boj" Discussed on Bloomberg Radio New York

"Washington Carly holds the 7th playoff seat in the NFC Philly comes into the matchup sitting in 9th place in the same playoff standings I'm Dan Schwartzman that your Bloomberg world sports outdate Markets headlines and breaking news 24 hours a day At Bloomberg dot com The Bloomberg business app and at Bloomberg quick take This is a Bloomberg business flash Let's get you caught up on market action here at 17 past the hour We were talking earlier about the relative weakness in many information technology stock groups not just in the U.S. but in Asia as well particularly in Hong Kong Hank San tech index was down about 1.7% bucking this downtrend though shares in Smith This is the major semiconductor manufacturer Last week we were hearing that the Biden administration was considering additional sanctions on smick now Reuters is reporting the U.S. is still undecided on further restrictions You might recall last year the U.S. did limits mix asset access to American U.S. components that would include a chip design and software to make shares right now in Hong Kong trading higher by about 2.3% Nonetheless hang tsang is down about a half of 1% We've got a BOJ decision later today or indecision perhaps maybe that's a better way of describing it Policymakers in Japan are not expected to make any significant change We've got a weaker yen and a lower nikkei with Nikki two 25 off about Let's call it 9 tenths of 1% On the Chinese mainland Shanghai composite off more than a half of 1% different story though in Seoul where the Cosby is now rising by a tenth of 1% and in Sydney the ASX 200 higher by 7 tenths of 1% We'll take another look at markets in 15 minutes Let's check in on global news at Baxter's in the Bloomberg 9 60 user in San Francisco at one of my friend you bring up a deep philosophical point is no decision really a decision That's right I don't know Okay I'm gonna go indecision.

Dan Schwartzman Hank San tech U.S. Biden administration smick Carly NFC Hong Kong Bloomberg Washington Asia BOJ Reuters Smith Nikki Japan Shanghai
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"boj" Discussed on Bloomberg Radio New York

"Latest payments on two different 30 day grace periods on coupons that would do this week That's in addition to of course that $400 million matured bond that they've defaulted on declared default The two coupon payments total nearly $90 million both have a 30 day grace period before a default could be declared We're a little bit past 33 past the hour here on daybreak Asia We've got weakness in a technology stocks in Hong Kong I mentioned the hang sank tech index being down by more than 1% in the opening moment And if you look at the overall market yes we are seeing weakness with hang sank down about four tenths of 1% We were talking earlier about Central Bank policy being in focus and this move toward tightening that we have seen not just from the Bank of England but the fed as well and a little bit of inclination now it seems from the ECB Bank of Japan will meet later today but we're not expecting to see any major shift in monetary policy BOJ is expected to stand pat We do have a little bit of weakness right now in the Japanese yen against the U.S. dollar down about a tenth of 1% We're trading one 1370 and then if you look at the equity market in Tokyo the nikkei is a dropping by about 1% no surprise information technology leading the drop the overall group down about 1.4% On the Chinese mainland we have the Shanghai composite off about two tenths of 1% Different story in Seoul where the Cosby is now rising a tenth of 1% and in Sydney after some tough sledding yesterday the ASX 200 is higher by a half of 1% In the bond market we have a U.S. ten year treasury yielding one 42 in the Tokyo session and a two year treasury at around 63 basis points So a move lower overall in the U.S. yield curve and just a little bit of flattening not by much where oil is concerned we had a rally in New York trading with WTI popping more than 2% We've settled back a little bit right now WTI trading 72 15 here in the electron session We'll take another look at market action for you in 15 minutes Hustlin Try and all eyes on the BOJ for now the U.S. Senate has confirmed Nicholas burns as U.S. ambassador to China at Baxter has global news.

ECB Bank of Japan BOJ Bank of England Central Bank Hong Kong Asia Tokyo U.S. fed treasury Seoul Shanghai Sydney New York U.S. Senate
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 1 year ago

"boj" Discussed on Bloomberg Radio New York

"Match on Sunday Night football the 9 and three Green Day packers are hosting the four and 8 Chicago Bears I'm Dan Schwartzman that your Bloomberg world sports op day Markets headlines and breaking news 24 hours a day As Bloomberg dot com the Bloomberg business app and at Bloomberg quick take This is a Bloomberg business lash And I'm Julia Sally in Sydney We check the markets every 15 minutes here on Bloomberg daybreak Asia We are seeing Asian stokes rise to start the trading week alongside U.S. futures the Niko two two 5 up 9 tenths of 1% in Tokyo Australia's a 6 200 is up four tenths of 1% in Sydney and the Cosby high by half of 1% in Seoul a little bit of weakness though in New Zealand market It is a busy busy week for central banks the fed about one of 20 Central Bank meetings this week We know drone pal is expected to kick off tapering and that contrasts with the likes of the BOJ which is expected to remain even more dovish The quarterly BOJ tungan survey meanwhile showing confidence among Japan's large manufacturers remained at the highest level since 2018 this adding to science at the country's recovery was back on track before the omicron COVID variant heightened uncertainty The level of 18 was just a little below forecast of a slight gain to a reading of 19 We've seen oil extend gains after its biggest weekly advance in more than three months this on hopes that omicron won't be as bad as initially feared and also these predictions that China will start adding fiscal stimulus in early 2022 WTI trading at $72 52 iron ore futures in Singapore up by over 2% in the U.S. ten year yield at 1.49% Let's get over to the Bloomberg newsroom now for a check on global news and head over to Denise Pellegrini Denise All right thank you Julia.

Bloomberg Dan Schwartzman Julia Sally Sydney Chicago Bears packers football BOJ Seoul Tokyo Asia Central Bank U.S. New Zealand Australia Japan
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:03 min | 1 year ago

"boj" Discussed on Bloomberg Radio New York

"World is listening When was the moment you discovered that you were meant for the business world Have you been getting a lot of inquiries from employers And then you started looking for the best sources of information Technology is challenging the regulators Doctors use kind of a virtual reality look I feel like the world is courting Elon Musk Which is how you got here How are other bankers restrictive now Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening It's been a very busy few hours for central banks Now we have some lines crossing the Bloomberg from Japan This is on news that the prime minister mister kishida has met with the BOJ governor mister Corona We understand from an update from Kyoto that they talked about the economy and markets They reaffirmed the joint statement between the government and the BOJ So consider this kind of a bit of a reset with a new executive force in Japan They're saying that the BOJ is going to continue to seek 2% inflation COVID cases are falling but will continue loan aids And this is key one here They're going to continue yield curve control even after COVID dies down Dolly ends is taking a little bit higher than a 114 18 Speaking of Japan we have some lines on Toyota Let's get straight to that for you Second quarter net income at ¥626.65 billion the market had been looking for 500.62 billion So that is a clear beat on the net income line The revenue side of things of course is the other driver and we're going to of course try and get you that Global sales target at 10.29 million units from 10.55 million The net figure here at ¥2.49 trillion they saw ¥2.3 trillion going into this of course it was all about whether we're going to see strong demands for vehicles help offset some of the lower sales volumes that's been caused by yes Parts shortages and production cuts S&P Global ratings was writing going into this earnings announcement that Japanese original equipment manufacturers are no exception to some of the struggles that we've been seeing And he added that the list of what was includes rising material costs most critically these parts shortages that will probably constrain sales going forward So Toyota saying that they're going to buy back up to 0.86% of shares for a 150 billion So a buyback announcement and they're also cutting their fiscal year global sales target as mentioned earlier The red headline there's three of them The other one was on the fiscal year operating income which came in higher and stronger than initially anticipated This is going to set the tone really for the carmakers And especially when you're dealing with somebody of the size of Toyota they're just so many variables that could easily derail some of the ambitions and Toyota from the initial guidance that we're getting right here and the decision to buy back 0.86% of shares They're confident enough to be able to say you know what We are able to press on with some of the plans of the stock price That reflects the reaction immediately now intrigued in Tokyo gains of about 2.2% after the buyback announcement And after the earnings announcement it will be fascinating to see how that endures and how analysts who are broadly positive on the stock factor all of this in lovely Bloomberg intelligence note that you can of course read on the terminal So we'll keep a close eye on Toyota over the coming hours a quick note on the markets more broadly as we digest some of the commentary from the fed on the S&P 500 mini Just looking for direction after initially positive overnight on stocks It's a similar story across some of the Europe Euro stock futures.

Bloomberg BOJ com Bloomberg mister kishida mister Corona Japan Toyota Kyoto aids government S Tokyo fed Europe
"boj" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 1 year ago

"boj" Discussed on Bloomberg Radio New York

"Morning from Bloomberg's new pin headquarters We loved it I'm Caroline Hector with this Bloomberg radio business flash mo stage and stocks are down this morning the K two two 5 drops 1% Shanghai Shenzhen comes both decline more than 1% this morning Even the global stocks are near all time highs as for the futures markets for the U.S. market open and Europe both very much just about positive for the S&P 500 NASDAQ mini futures U.S. stock 50 futures though just nudging into the red this morning We've had such a slow results shell Airbus AB InBev UniCredit Sanofi and VW for Europe VW maintaining its margin forecast even with the supplies strains semiconductor issue meaning a slump in production Airbus though boosted its earnings and cash flow target for the second time in a year thanks to a recovery in air travel and will get into the financial results including Milan based unique credit in a moment in terms of Tom Metcalf of course on Bloomberg Bloomberg's finance team who's going to be joining us at Harper's 7 this morning to talk about that The bond markets also fascinating though an inflation induced bond route Brazil has hiked a 150 basis points BOJ has been surprisingly pessimistic about the recovery If I look at my global macro movers screen in terms of the sovereign bonds stand out of course is the Aussie two year yield jumping close to 30 basis points Decision day also later this morning for the ECB and in the commodity space we see oil dropping aluminium and iron or two all for WTI for features down 1% That is a Bloomberg radio business flash Now his land guaranteed more what's going on around the world for money now Caroline good morning and thank you Singapore's daily case counter search above 5000 for the first time due to an unusual spike within a few hours yesterday according to the health ministry This comes as a city relaxes a border controls to allow vaccinated.

Caroline Hector Shanghai Shenzhen Airbus AB InBev UniCredit Sanofi VW Bloomberg Tom Metcalf Bloomberg Bloomberg Europe U.S. Airbus BOJ Milan S Harper Brazil ECB Caroline Singapore
Coronavirus: Stocks fall after global central bank action

Bloomberg Daybreak: Europe

03:39 min | 2 years ago

Coronavirus: Stocks fall after global central bank action

"And what a move from the fed to wakeup to Raja emergency shock and all you could call it but the market reaction shows some disappointment a cot to almost zero on interest rates and seven hundred billion dollars of asset purchases yeah and that was seeing other central bank action as well we've had the bank of Japan making a move that certainly didn't impress the markets we know the bank of Korea's doing something we'll send it to the reserve bank of India is having a press conference seen as well so a lot of action out there but certainly looking at the way it's been going this morning in Asia now because of your nature of people are not impressed no absolutely no I mean what you see from the central banks you mentioned a few that are of course the B. O. J. with a commitment to ETF purchases but stopping short of a rate cut we got a rate cut from the audience adds the all B. H. a potentially pledging more measures as well you start to wonder whether this does actually look like some global coordinated response from central banks but the question is is it too little too late and what is the move from the fed actually achieve of course has already achieved anything to prop up risk assets overnight but does it leave more time and more room for fiscal space what does it actually accelerated the urgency full fiscal measures to take place and of course the big agenda right in today is the G. seven cool between global leaders articles what might well be in their minds that horrendous data out of China I mean a real holiday this data that we've got from January February less than expected written record way that will build Burton I think people thinking about how this crisis is going to work itself out absolutely and last week of course we saw global equity markets tumble into bed market territory the stock six hundred in Europe gain some one percent on Friday right now we open it down at two point six percent so not quite as bad as some of the futures were indicating looking across regional equity benchmarks Roger using the footsie one hundred down two point two percent the ibex unfit see made both in the red just waiting to get an opening price through from the dax and CAC forty of course the swings in the U. S. market at the end of last week was starting Wednesday since nineteen eighty seven on Thursday best day since two thousand and eight on Friday futures are traded limit down and taking a look at where we are now one U. S. futures you're seeing S. and P. Dow and nasdaq futures all in lower by at least four and a half percent and then we get to the bull market the ten year treasury yields tumbling more than thirty basis points at one point in the Asian session went down twenty now to a seventy six handle with C. yields tumble across the U. S. because of the market seems to be debating for more from the fed or elsewhere at the two year yield at thirty two basis points down seventy was seen curve flattening so that tells you something as well about the market's reaction to Jerome Powell whatever it takes the ten year bond yield down three basis points negative fifty seven ten you guilty sixty basis points in FX markets are we see the yen jumped up more than one point three percent against the dollar at the moment so don't again I did fluctuate a little bit on the BOJ's decision but ultimately you'll see this as a reaction to the fed daily and that one percent what a six fifty we've also seen the Ozzy I use even dollars come under pressure from action and signals from those two central banks D. X. Y. Morgan Stanley says that you should be selling the dollar against the euro the Aussie and the loonie because a risk assets and the self that I would actually finding a bottom D. X. Y. at ninety seven Morgan Stanley sees ninety five on further dollar weakness I'm just taking a look at commodity markets you see oil WTI and Brent extend losses off to the worst week since two thousand eight Brent down four point four percent at thirty two thirty four dollars a barrel Raja yeah what a thing for you to return from holiday into your relaxation I'm afraid might dissipate quite

BOJ raises GDP forecast but keeps policy unchanged

BTV Simulcast

00:22 sec | 3 years ago

BOJ raises GDP forecast but keeps policy unchanged

"Ha thought about central banks is the P. B. O. J. can't policy on saints and pay the brighter picture of the economic outlook signaling the prospect of additional stimulus have been reduced the central bank maintained its target for both interest rates and as the purchases in its latest decision focus now turns to the ECB on Thursday along with the key fed and B. O. E. decisions

P. B. O.
Jessica Biel, Bill And Robert F Kennedy JR discussed on Ringer Dish

Ringer Dish

01:08 min | 3 years ago

Jessica Biel, Bill And Robert F Kennedy JR discussed on Ringer Dish

"Bill, quote came out as anti vacs, joined, Robert F Kennedy jR to lobby against California vaccination Bill. So Jessica Biel's idiot. And now we all know also they're alive on Twitter, who were like the fact that they use the term like she comes out as an anti vaccine, the fact that, like, that's how it's being phrase. Yeah. Like, that's what's like, straight white people have to do is like come out like a giant, NASA hit. It makes me mad, how good her arms like in this picture. And that's I maintain just could Bill. You're in idiot. This looks bad for you. Looks bad for doesn't Timberlake. Also look that it is bad for children March, which is kind of shocking, because she had a she still owns the off, which is like a that children, but it closed and I, but I think it's still throws, like parties for kids either all time. It's the measles is what you're saying. Yeah. But the ground for disease. Stupid. Yeah. Just said, because I don't know if you guys have seen BoJ horsemen she plays a parody of herself. And she and I was like, wow, she's really like this one is as bad as she is in that show.

Jessica Biel Bill Robert F Kennedy Jr BOJ Twitter Measles Nasa Timberlake California
BOJ Takes the Fight to Bond Traders With Surprise Purchase

Bloomberg Daybreak: Asia

01:48 min | 4 years ago

BOJ Takes the Fight to Bond Traders With Surprise Purchase

"Fifteen minutes here on Bloomberg daybreak Asia while the Bank of, Japan is over four hundred billion yen of. Five to ten year bonds at its regular operation after yesterday announcing the same amount at an unsheduled operation. The b. o. j. also offering to buy sixty billion yen of JJ maturity's of at twenty five years. Whereas good men to telling us that the. Bureau Jay, could intervention by bonds again on Friday afternoon tikey I time similar to what they. Did, yesterday of course that move yesterday very much, surprised trade as they have, bought in the regular operation again today we are seeing yields on Japanese, bonds fairly steady at the moment having a look at markets doing very well after. That big, selloff yesterday, particularly in the tech space attacks in Taipei up by six tenths of one percent that is of course after we saw apple become that. One trillion dollar company and, we are of course awaiting to see what, China and Hong Kong will do after that big. Selloff yesterday let's get it over to Brian In Beijing Emma Juliette will index futures are pointing to what would be a very welcome update in Chinese equities with mainland stocks which are headed for their worst week in over a month after President Trump ratcheted up. His trade threat looking in the green one bright spot is likely to be China Resources via which is traded in Hong. Kong dot com be a giant Heineken is buying forty percent of China's largest brewer for about. Three billion dollars exposure stocks could also benefits and the. Big anyone. Juliet. All right Emma thank. You so much just having a look at commodities still Shanghai futures up one and. A half percent aluminum also high in Shanghai out by half. Of one percent the yen steadier one hundred, eleven for six nine and we are seeing a little bit of movement coming through in some of. The oil contracts sprint is down by about two tenths, of one percent, seventy three. Dollars thirty two let's get a check now of global news and you Ed Baxter in..

Hong Kong Emma Juliette China China Resources Bloomberg Asia Bureau Jay Taipei Ed Baxter Shanghai Japan Juliet Donald Trump Apple President Trump Brian One Percent Three Billion Dollars One Trillion Dollar Twenty Five Years