0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
of course, it is way ahead of the ecb target. that is the area that the ecb is watching carefully.hat could have a self fulfilling prophecy. higher wage demands and that will mean will service prices move higher? if you look around, countries like germany, the biggest eurozone economy, has loads of strike action going on. just today, we have lufthansa with higher wages expected across the board. they want to see and that's why the ecb will wait until the end of the first quarter how wages are developing in the first quarter and they make their minds up when to actually cut rates. one has to be fair when it comes to the economic assessment. back in december, we all thought the euro area would crash into recession. that hasn't happened. there is more wiggle room, i would say, for the ecb to actually stay put and be cautious on the interest rate cutting front. what they want is to avoid a policy era or to cut too early and later on, having to do more than they wanted to do. a policy era is not what they want. today, we get a staff projections for inflation and economic growth for the
of course, it is way ahead of the ecb target. that is the area that the ecb is watching carefully.hat could have a self fulfilling prophecy. higher wage demands and that will mean will service prices move higher? if you look around, countries like germany, the biggest eurozone economy, has loads of strike action going on. just today, we have lufthansa with higher wages expected across the board. they want to see and that's why the ecb will wait until the end of the first quarter how wages are...
0
0.0
Mar 8, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
perhaps, you could see the ecb cutting in june.hat's what the market is ultimately pricing at this stage. where are we with the sectors? this is what the boards are looking like here. a mixed picture. the ftse 100 dropping .25%. a laggard in this regard with the dax .20% weaker. at the flat line for the french market. that is the one we will look at with vivendi. the ftse 100 will take a look with other counters as the dax is taking a hit from hellofresh. that will be significant to look at as well. that is the big players we are looking at across the market movement. on to the sectors that are moving which will give you a clearer sense of what is moving. oil and gas is up .75%. .40% weaker for telecoms. overall, we have a clear sense we are in and around the flatline because we don't have too much disparity along the lines. on to the stocks gainers and losers. this is where you see the biggest movement. hellofresh doing away with the midterm guidance and cutting off the core earnings picture for the company. not doing too well. a
perhaps, you could see the ecb cutting in june.hat's what the market is ultimately pricing at this stage. where are we with the sectors? this is what the boards are looking like here. a mixed picture. the ftse 100 dropping .25%. a laggard in this regard with the dax .20% weaker. at the flat line for the french market. that is the one we will look at with vivendi. the ftse 100 will take a look with other counters as the dax is taking a hit from hellofresh. that will be significant to look at as...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the same with the ecb and the bank of england. i think it would be a big disappointment to markets if that was pushed out further. i feel ultimately interest rates are seen as relatively tight, quite restrictive, and ultimately they need to come down to justify some of this rally we have had since october. i do not think you can get a strong rally this year. there is a balance. to the extent this is good growth, perhaps you could put rates out further. jonathan: we have heard it twice already this week. no rate cuts this year. even with that a lot of people are constructive on this equity market. could we talk about where they've been more than constructive, euphoria? bank of america say signs of euphoria have been contained to secular themes, things like ai, nvidia. do you see any signs of euphoria at all? sharon: i definitely see signs of excitement. people are happy with the growth we are seeing in those companies. evaluations of the bang deposit seven has gone up. the valuation of the stock market has gone up. what it is is th
the same with the ecb and the bank of england. i think it would be a big disappointment to markets if that was pushed out further. i feel ultimately interest rates are seen as relatively tight, quite restrictive, and ultimately they need to come down to justify some of this rally we have had since october. i do not think you can get a strong rally this year. there is a balance. to the extent this is good growth, perhaps you could put rates out further. jonathan: we have heard it twice already...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
what the ecb really needsis the fed.e before may. so probably there is a small chance the ecb starts cutting rates slightly before the fed but probably in the same time, namely injune. in germany there is a lot of negotiations on wages currently. talk is through how thatis currently. talk is through how that is going and the impact it will have on the german economy and possible thinking about interest rates.— and possible thinking about interest rates. that's exactly something — interest rates. that's exactly something the _ interest rates. that's exactly something the ecb - interest rates. that's exactly something the ecb is - interest rates. that's exactly - something the ecb is monitoring closely. we have upward pressure on wages. we see now is that wages in germany in the eurozone seems to have peaked, but they are not moderating at all. it is far above productivity, which is declining, so it means there are stronger upward pressure on core inflation, coming from labour costs and could delay the wage pressures in th
what the ecb really needsis the fed.e before may. so probably there is a small chance the ecb starts cutting rates slightly before the fed but probably in the same time, namely injune. in germany there is a lot of negotiations on wages currently. talk is through how thatis currently. talk is through how that is going and the impact it will have on the german economy and possible thinking about interest rates.— and possible thinking about interest rates. that's exactly something — interest...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
now to the ecb, the latest policy decision coming out today. interest rates expected to be held at 4%. it investors will be looking for hints for when the first cut will be from the ecb. our correspondent is that the ecb headquarters in frankfurt. it would be watching out for in terms of guidance? >> that is right, the ecb is likely to keep rates where they are. essentially they are very worried they do not want to give the wrong signal. we have seen inflation slow. a lot of governments in central europe are putting pressure to lower rates, but the ecb does not want to make mistakes. they do not want to spook markets by moving too soon and having to go back on that, so what we are looking at now is data. they will be looking at forecast to see if inflation numbers are going in the right direction on the 2% target. what we are looking at his wages. wages are relatively high and that is with the ecb is worried about. if there are any hands wages are starting to go down, then they will be more reassured and we are more like to get the cut, right n
now to the ecb, the latest policy decision coming out today. interest rates expected to be held at 4%. it investors will be looking for hints for when the first cut will be from the ecb. our correspondent is that the ecb headquarters in frankfurt. it would be watching out for in terms of guidance? >> that is right, the ecb is likely to keep rates where they are. essentially they are very worried they do not want to give the wrong signal. we have seen inflation slow. a lot of governments...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
particularly for the ecb.esterday, it felt there was a little bit of urgency coming into the comments overweighting and concern of the weakness. the fact that the snb has gone for it, does that mean there is urgency not to wait until june? >> possibly. the inflation environment is benign in the euro than in the u.s. you have a weak demand environment and there is limited secondhand effects with the wage growth and wage exexpectations. we he are still on a june rate cut. >> let's get away from the wage data. i really did sense urgency and manipulating of the conversation points that if you get a rate cut, we don't know what comes next. subtle change with the view you get going and you step off that ledge and get the first rate cut and followups after that. the messaging now that you step off the ledge and you don't know what comes next, does that mean it will be a june rate cut? >> a bit of cat-and-mouse going on here. everyone is slightly afraid to go before the fed. the snb is the exception. the inflation pro
particularly for the ecb.esterday, it felt there was a little bit of urgency coming into the comments overweighting and concern of the weakness. the fact that the snb has gone for it, does that mean there is urgency not to wait until june? >> possibly. the inflation environment is benign in the euro than in the u.s. you have a weak demand environment and there is limited secondhand effects with the wage growth and wage exexpectations. we he are still on a june rate cut. >> let's get...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
the ecb will cut at the same time, namely injune., because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. powell appeared before the house financial services committee, the first stop in his two day tour of capitol hill. and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly incr
the ecb will cut at the same time, namely injune., because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's to come in the year ahead as fed officials...
0
0.0
Mar 8, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
does that mean the ecb front runs the bed? will be in focus, really talking about every acceleration we are seeing not just in wage data but no one farm payroll data. how much does this change the calculus? up next, markets today. we will dive into all of this. this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my hous
does that mean the ecb front runs the bed? will be in focus, really talking about every acceleration we are seeing not just in wage data but no one farm payroll data. how much does this change the calculus? up next, markets today. we will dive into all of this. this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks...
0
0.0
Mar 19, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
in terms of the wane ecb or the fed. in terms of the wage deal. _ ecb or the fed. wage deal, which _ ecb or the fed. in terms of the wage deal, which was - ecb or the fed. in terms of the wage deal, which was set - ecb or the fed. in terms of the wage deal, which was set last| wage deal, which was set last week, quite a significant sum of money that people are earning in some of the major companies injapan. the impact that will have? in companies in japan. the impact that will have?— that will have? in japan we have what _ that will have? in japan we have what are _ that will have? in japan we have what are called - that will have? in japan we have what are called the i have what are called the enterprise union system, which is union within these companies, so these larger companies, so these larger companies will show the way for medium and smaller companies as well, so obviously they will follow. i think again, the important thing is whether this will be reducing the spending of the individuals. i think it might be difficult, but certainly it is the first time in
in terms of the wane ecb or the fed. in terms of the wage deal. _ ecb or the fed. wage deal, which _ ecb or the fed. in terms of the wage deal, which was - ecb or the fed. in terms of the wage deal, which was set - ecb or the fed. in terms of the wage deal, which was set last| wage deal, which was set last week, quite a significant sum of money that people are earning in some of the major companies injapan. the impact that will have? in companies in japan. the impact that will have?— that...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tom: constraints for that ecb are self-imposed.ed impact the ecb meeting or jay powell? mark: jerome powell is the bigger fish across the g10 world because there is a growing sensation that he can wait. dater in america has been so strong. people are talking about a no lending scenario, that puts the united states ahead of europe and the world. markets will be watching closely and they will infer from what jerome powell has to say. the risk is that the dot plots could change from three cuts to two cuts. that would be negative across the markets including europe, not just treasuries. the whole g10 complex. he may try to leave options open as any central banker would do but from what people have been saying, they are moving toward a situation with no urgent for them, which impacts bank of england and the g10 world. whatever powell has to say that have more impact than the ecb meeting. tom: decisions from the fomc and fed looming large. mark cranfield setting us up for a big week in monetary policy. another big item is the budget. u.k
tom: constraints for that ecb are self-imposed.ed impact the ecb meeting or jay powell? mark: jerome powell is the bigger fish across the g10 world because there is a growing sensation that he can wait. dater in america has been so strong. people are talking about a no lending scenario, that puts the united states ahead of europe and the world. markets will be watching closely and they will infer from what jerome powell has to say. the risk is that the dot plots could change from three cuts to...
0
0.0
Mar 18, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
the ecb has a target of 2%, the headline rate is running a 2.6% and the ecb really wants to see confirmationntinuing to fall before they consider seriously cutting interest rates. but before they consider seriously cutting interest rates.- before they consider seriously cutting interest rates. but we are also in a position _ cutting interest rates. but we are also in a position where - cutting interest rates. but we are also in a position where the - also in a position where the inflation rate is slowing, it is not falling. we are not in negative inflation, so prices are still much higher than before so consumers still feel worse off.— still feel worse off. that's right. there's been — still feel worse off. that's right. there's been a _ still feel worse off. that's right. there's been a cost _ still feel worse off. that's right. there's been a cost of— still feel worse off. that's right. there's been a cost of living - still feel worse off. that's right. i there's been a cost of living crisis over the past couple of years, but the bright news is that the cost of living crisis at least in lo
the ecb has a target of 2%, the headline rate is running a 2.6% and the ecb really wants to see confirmationntinuing to fall before they consider seriously cutting interest rates. but before they consider seriously cutting interest rates.- before they consider seriously cutting interest rates. but we are also in a position _ cutting interest rates. but we are also in a position where - cutting interest rates. but we are also in a position where the - also in a position where the inflation rate...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
in europe in ecb rate decision on thursday.lagarde widely expected to keep rates on hold. on friday, payrolls friday. nouriel roubini, great to stay with us so long. i want your view on the torsten slok call and apollo. the no rate cut call. how realistic do you think that is is. no cuts in 2024? nouriel: no cuts may not be realistic. the possibility the fed will cut rates later in less than three times is a meaningful possibility. growth is well above potential. the atlanta fed forecast for first quarter is 3%. the economy might keep growing. that may imply inflation will remain sticky. that is the biggest potential market surprise. last year when people had to revise their expectation about fed cuts you had a 10% correction. this year, in spite of the fit signaling we will not cut, the market has gone up. suppose inflation remain sticky. then people say it will not be three, it will be zero. on that, in spite of stronger growth, the impact of higher rates for longer will be negative. it will be a correction. lisa: i am trying
in europe in ecb rate decision on thursday.lagarde widely expected to keep rates on hold. on friday, payrolls friday. nouriel roubini, great to stay with us so long. i want your view on the torsten slok call and apollo. the no rate cut call. how realistic do you think that is is. no cuts in 2024? nouriel: no cuts may not be realistic. the possibility the fed will cut rates later in less than three times is a meaningful possibility. growth is well above potential. the atlanta fed forecast for...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
haidi: enda curran they're looking at the fed and ecb.et's get analysis on integrations for the markets. the head of market and cohead of apex cip from wells fargo. mountie -- mandy wan good to have you with us. the change from the fed, the ecb, a number of other central banks globally. are you comfortable with the way markets have repositioned now after a lot of exuberant expectations to start out the year? mandy: definitely. i think currently the market is pricing in around 3.5 rate cuts. starting from june and july. i tend to agree with that. there has been a fair bit of repricing at the start of the year. i think the market is betting on what will happen. i think if you look at the interest rates in the u.s. they continue to be very data-dependent. tonight we will have a non-foreign payroll coming up. that will be key important data to watch and definitely next week we have cpi coming from the u.s.. that is another really key data point people should be looking out for. haidi: when it comes to the boj, though, do you think the expecta
haidi: enda curran they're looking at the fed and ecb.et's get analysis on integrations for the markets. the head of market and cohead of apex cip from wells fargo. mountie -- mandy wan good to have you with us. the change from the fed, the ecb, a number of other central banks globally. are you comfortable with the way markets have repositioned now after a lot of exuberant expectations to start out the year? mandy: definitely. i think currently the market is pricing in around 3.5 rate cuts....
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
when it comes to the ecb, that crucial speech from the head of the ecb. here in the u.k. as well. we will break that story down for you shortly. european futures up by 310 of 8%. japanese markets are closed. 151 on the japanese yen. further weakness as markets readjust to this view and no outline in terms of the hikes coming through for the boj. 15550. the pound in focus on the back. and as we pulled up to the inflation data, a drop -- a drop to 3.5% year on year. the bloomberg dollar index up just nearly attentive a present. let's get to the fed and that preview. likely to avoid signaling an imminent rate cut. stay focused on stubborn inflation. let's keep one eye on the slowly rising jobless rate. what are you going to be watching about the potential different scenarios to come out of this? the dot plots in the press conference. what will be in focus for you? >> that is right. the single biggest a we are watching for is what they do with the dot plot. are they going to move to two? they will be for currencies and bonds. we're just watching what they intend to do with th
when it comes to the ecb, that crucial speech from the head of the ecb. here in the u.k. as well. we will break that story down for you shortly. european futures up by 310 of 8%. japanese markets are closed. 151 on the japanese yen. further weakness as markets readjust to this view and no outline in terms of the hikes coming through for the boj. 15550. the pound in focus on the back. and as we pulled up to the inflation data, a drop -- a drop to 3.5% year on year. the bloomberg dollar index up...
0
0.0
Mar 18, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
that is something the ecb cannot take use account. it is a regional government.hat it is doing is it actually on top of the ecb interest rates is adding structural weakness to europe. that has to come through. what the ecb fears is the rather high rate at 5% plus of wages and salaries in germany and in europe and the full employment will spillover into inflation generated by producers passing those salary increases on in terms of price increases. i don't think that's going to happen. the economic environment is too weak. the other thing that would support the thesis on stocks is not the european economy hestro, but the interest rates will fall more. >> david, by that logic, europe needs these rate cuts quicker and first ahead of the united states. with that be your sense? >> precisely. that is exactly what i'm saying. said in a more succinct form. >> the consumer story in the united states is carrying a lot of the load from the u.s. does that begin to wane a little bit? seeing the pressures and that will force the hand of the fed? >> well, i don't think it will f
that is something the ecb cannot take use account. it is a regional government.hat it is doing is it actually on top of the ecb interest rates is adding structural weakness to europe. that has to come through. what the ecb fears is the rather high rate at 5% plus of wages and salaries in germany and in europe and the full employment will spillover into inflation generated by producers passing those salary increases on in terms of price increases. i don't think that's going to happen. the...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
i wonder how aggressive the ecb can be.e to be more aggressive and they can only be more aggressive at the fed is cutting. jonathan: you think the fed affects the scale of ec because? lisa: we know it's typically hawkish. i don't think it drives her decision-making but comes into consideration. they will never say that, of course. but at the back of their mind is a play. jonathan: they were talking about parity and lisa mentioned if we get a parity move, how does that influence the inflation story in the euro zone? seema: it's really come to help the export side of the economy, the manufacturing side of the economy. for a country like germany which has stagnation written all over it, it could do with any help it can get. the currency, it slightly on the inflation side of bed. that's probably why the ecb will go longer than they would like to but it's not enough to stem and i'll think of rates. lisa: we've been trying to digest the moves that apple, tesla and the question of whether that will affect the rest of the complex.
i wonder how aggressive the ecb can be.e to be more aggressive and they can only be more aggressive at the fed is cutting. jonathan: you think the fed affects the scale of ec because? lisa: we know it's typically hawkish. i don't think it drives her decision-making but comes into consideration. they will never say that, of course. but at the back of their mind is a play. jonathan: they were talking about parity and lisa mentioned if we get a parity move, how does that influence the inflation...
0
0.0
Mar 8, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: ecb versus fed, ecb? cameron: the data already supports it.than: about april now, did you hear that whisper? lisa: to your point why didn't they cut yesterday if they thought it would be that big. my question is why we not seeing more dollars strength. you've got europe saying we will cut first, we will cut aggressively. the fed -- it's an interesting cross. >> the dollar index negative by .1%. good to see you. cameron dawson of new age wealth. wells fargo expecting unemployment to hold steady at 3.7% after a very hot payrolls report back in january. that conversation up next. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. when i was your age, we never had anything like this. you've got more options twhat? wifi?w. wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfi
jonathan: ecb versus fed, ecb? cameron: the data already supports it.than: about april now, did you hear that whisper? lisa: to your point why didn't they cut yesterday if they thought it would be that big. my question is why we not seeing more dollars strength. you've got europe saying we will cut first, we will cut aggressively. the fed -- it's an interesting cross. >> the dollar index negative by .1%. good to see you. cameron dawson of new age wealth. wells fargo expecting unemployment...
0
0.0
tv
eye 0
favorite 0
quote 0
tell me about the ecb.on the u.s. >> the data continues to be horrible coming out of particularly germany, they had a an 11% decline in factory orders for the month of january, 6% down year over year so really bad data. we think the ecb is way too optimistic about their growth forecast at 0.8%. at the end of every quarter they update their economic forecast. we think that will be downgraded. they're not going to be bullish about cutting rates. it will be implicit in the forecast, the lowered forecast will we think validate our june call on a cut from the ecb. maria: the ecb is expected to hold rates steady at 4:00%. we'll have that for you in about an hour. you say in the u.s. one of the biggest risks for the economy and for investors is this potential increase in corporate taxes which the president is likely going to talk about tonight. >> we think that's the absolute worst thing you can do for economic growth. it's a disas disaster for two , first of all, competitiveness. it's terrible for the stock marke
tell me about the ecb.on the u.s. >> the data continues to be horrible coming out of particularly germany, they had a an 11% decline in factory orders for the month of january, 6% down year over year so really bad data. we think the ecb is way too optimistic about their growth forecast at 0.8%. at the end of every quarter they update their economic forecast. we think that will be downgraded. they're not going to be bullish about cutting rates. it will be implicit in the forecast, the...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the fed and ecb headed towards a pivot to rate cuts. our chief economist joins us. if you look at the central bank action this week the takeaway is the focus on inflation is in the rearview mirror now. >> i think that is right. if i had to coin a phrase to describe it i would say the world central banks are engaged in a multi-pivot. the big story is the fed, ecb, bank of england moving towards a midyear rate cut and you have central banks for smaller countries, switzerland today thinking how to get ahead of this and that is why we saw the snb do a preemptive cut and surprising the markets today. and it is not the only pivot. turkey two years ago was following an extremely controversial monetary policy where the central bank appeared to believe raising interest rates boosted inflation rather than cutting it. what we have seen today with turkey central bank is a pivot back towards orthodoxy and you have the boj which for years was locked in extreme rigid yield curve control settings are now pivoting toward something that looks more like a mainstream flexible approach.
the fed and ecb headed towards a pivot to rate cuts. our chief economist joins us. if you look at the central bank action this week the takeaway is the focus on inflation is in the rearview mirror now. >> i think that is right. if i had to coin a phrase to describe it i would say the world central banks are engaged in a multi-pivot. the big story is the fed, ecb, bank of england moving towards a midyear rate cut and you have central banks for smaller countries, switzerland today thinking...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
haidi: i have it expects of the fed and the ecb to start cutting rates in june. we will be headed back to beijing as china's national people's congress draws to a close today with a fresh growth target and a warning about property speculation. this is bloomberg. ♪ haidi: the national people's congress reps have been beijing in a few hours with perhaps more emphasis on what leaders did not do rather than what they did. stephen engle is there with us and as you said earlier more of a whimper than a abng to -- a bang to the npc conclusion. >> it was just seven days compared to 10 days and even two weeks and there will not be a press conference at the conclusion of the national people's congress. much as been made about that out the premiere would not be addressing the media, so we cannot get clarification. they are fairly scripted and the playbook is pretty well-known, but at least we get to put questions to the premier to get clarification on the policy that he gave us a week ago and the work report. the work report was truncated last monday, just under one hour. a
haidi: i have it expects of the fed and the ecb to start cutting rates in june. we will be headed back to beijing as china's national people's congress draws to a close today with a fresh growth target and a warning about property speculation. this is bloomberg. ♪ haidi: the national people's congress reps have been beijing in a few hours with perhaps more emphasis on what leaders did not do rather than what they did. stephen engle is there with us and as you said earlier more of a whimper...
0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
sophie, you are also looking at the ecb decision. you are looking at ueurope. the valuations there are attractive. >> absolutely. you can't forget the growth trajectory outline isn't necessarily the most exciting, but i do think europe is harboring quite attractive names that have been forgotten. particularly at the moment, one thing this taught us is there remains a lot of uncertainty around us. that is go back to basics. there are companies with strong sectors and wide economic moats. i'm thinking about the telecoms. then you have defense. if you hop over to the uk, as much as we have some broad-based productivity challenges here, i would say when you stoyou startk away at the financial sector, we have a lot of options. a lot of uk banks are trading below the value of assets. >> we will talk about european stocks later in the show. jeremy and sophie, thank you very much. >>> we have more to come here on "worldwide exchange," including the one word that investors have to know today. first, you heard of thing magnificent seven, but what about the super 7? what
sophie, you are also looking at the ecb decision. you are looking at ueurope. the valuations there are attractive. >> absolutely. you can't forget the growth trajectory outline isn't necessarily the most exciting, but i do think europe is harboring quite attractive names that have been forgotten. particularly at the moment, one thing this taught us is there remains a lot of uncertainty around us. that is go back to basics. there are companies with strong sectors and wide economic moats....
0
0.0
Mar 14, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
increasing the hopes that ecb will move sooner rather than later.e heard the comments from the council member from greece earlier on saying he has four times this year. the data which is what we heard which is in line with expectations. the core inflation up 3.5% in the 12 months through february. down from 3.6% in january. if you strip out food and energy, it is sticky at 3.5%. i think that's what you need. the ibex is not moving on the back of it and the euro/dollar trading unchanged. karen. >>> steve, we have a flat reaction to shell. it paired back the target for the 45% fall in net carbon intensity by 2035 and lowering the 2030 goal by 15% to 20% from 20% previously. the energy giant stated the pay package has tallied up to 7.9 million pounds last year. in terms of the stock per perfo performance, it is up 4%. rheinmetall is out pacing the market 3% to the upside. it expects more strong sales and earnings amid the rising tensions in ukraine and the middle east. the german arms maker is targeting 10 billion euro in sales this year up from over 7
increasing the hopes that ecb will move sooner rather than later.e heard the comments from the council member from greece earlier on saying he has four times this year. the data which is what we heard which is in line with expectations. the core inflation up 3.5% in the 12 months through february. down from 3.6% in january. if you strip out food and energy, it is sticky at 3.5%. i think that's what you need. the ibex is not moving on the back of it and the euro/dollar trading unchanged. karen....
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
rotations in spending, energy spikes, particularly in gas. >>> ecb's christine lagarde. a short take on her message, it's difficult to assess whether the preece pressures simply lag in prices. that's all for "squawk box." y xtldwide exchange" coming your what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage o
rotations in spending, energy spikes, particularly in gas. >>> ecb's christine lagarde. a short take on her message, it's difficult to assess whether the preece pressures simply lag in prices. that's all for "squawk box." y xtldwide exchange" coming your what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and...
0
0.0
Mar 18, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
the ecb has a target of 2%, as you mention. the headline rate is running at 2.6%.irmation at price pressures are continuing to fall before they consider seriously cutting interest rates. in other news.... the world's largest watch database says the value of stolen luxury watches has surged in the past year to $1.9 billion. the watch register, based in london, says its database of lost and stolen timepieces has more than tripled over the past 12 months. it said luxury watches become a currency for criminals, who often traded them across continents. the oil price has hit its highest level in over four months today. brent crude has gained 1% to just over $86 per barrel, the highest level since the first week of november. oil prices have been slowly rising on the view that supply was tightening, with the risks heightened by further attacks on russian energy infrastructure. this easter you could be in for surpise at the cost of your eggs. the price of cocoa has been rising to record levels — just a year ago the price was under $3000 a metric tonne. on friday it was trad
the ecb has a target of 2%, as you mention. the headline rate is running at 2.6%.irmation at price pressures are continuing to fall before they consider seriously cutting interest rates. in other news.... the world's largest watch database says the value of stolen luxury watches has surged in the past year to $1.9 billion. the watch register, based in london, says its database of lost and stolen timepieces has more than tripled over the past 12 months. it said luxury watches become a currency...
0
0.0
Mar 22, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
coming across the ecb and the bank of england, the european and the u.k.more from a growth perspective. the central banks are trying to cut those banks to stimulate growth, and the u.k. has not found out when that cut will come, but interest in the same allocation in 2024. francine: i'm quite into the dot plot because it's a good snapshot at that time. i know there's a lot of chatter this week about the median average of some of the fed fund rates and what that tells us about cuts coming, but then yesterday we had housing and manufacturing, labor market pointed to a resilient economy. does that change what we heard from jay powell the previous day? click settle thicket changes it dramatically because i think the markets got used to these in stronger economic numbers coming through. particularly in the u.s.. we have had a massive change. if you think back to where we were in november of last year, where the market was pricing in some pretty aggressive rate cuts for the u.s., and now we are down to just three cuts this year, and an expectation we might get t
coming across the ecb and the bank of england, the european and the u.k.more from a growth perspective. the central banks are trying to cut those banks to stimulate growth, and the u.k. has not found out when that cut will come, but interest in the same allocation in 2024. francine: i'm quite into the dot plot because it's a good snapshot at that time. i know there's a lot of chatter this week about the median average of some of the fed fund rates and what that tells us about cuts coming, but...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
ecb, different pay structure. -- national central bank governor of italy rather than ecb president. >> are you thinking of that? >> to serve as a bank president? i'm thinking about going on a crews. 880,000 swiss francs. >> you're going to run the swiss national bank. >> i don't think anyone wants me running that. i don't think they want me running anything. the fed keeping rates on hold for a fifth straight meeting, staring down a fifth straight week of harder than expected -- hotter than expected inflation prints. >> the inflation data came in higher. that's a separate matter. the caused people to write up their inflation. we continue to have been good progress. >> inflation came up as a separate matter distinct almost divorced from growth being better-than-expected. it's that message we keep hearing from this fed chair. >> which speaks to this point we have been talking about this morning, which is is the inflation we are seeing even under the purview of the fed? to interest rates matter? if so, what is their c
ecb, different pay structure. -- national central bank governor of italy rather than ecb president. >> are you thinking of that? >> to serve as a bank president? i'm thinking about going on a crews. 880,000 swiss francs. >> you're going to run the swiss national bank. >> i don't think anyone wants me running that. i don't think they want me running anything. the fed keeping rates on hold for a fifth straight meeting, staring down a fifth straight week of harder than...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
is the ecb going to cut before the fed. that is the other question that looking forward we will be talking about. sonali: thank you so much for your time. president biden preparing for consequential state of the union address coming days after his rival, donald trump all but clinched the republican nomination. annmarie hordern joins us here. i am wondering from your perspective. i heard you talk about this idea of are we better now than four years ago. how do we expect president biden to address the question? annmarie: this very famous line that reagan used in talking about president jimmy carter is something that i've heard from republicans and democrats. and when biden is set to give his speech what he is trying to do, not just give a report of the state of the union to congress and the american people but pivot to the election. and this idea are we better now than four years ago will remind people that four years ago was march 2020 when the world health organization said that covid was a pandemic. he is going to want to
is the ecb going to cut before the fed. that is the other question that looking forward we will be talking about. sonali: thank you so much for your time. president biden preparing for consequential state of the union address coming days after his rival, donald trump all but clinched the republican nomination. annmarie hordern joins us here. i am wondering from your perspective. i heard you talk about this idea of are we better now than four years ago. how do we expect president biden to...
0
0.0
Mar 1, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
which one are you focused on coming ecb, boj, federal reserve. lisa: i would say more ecb.he federal reserve we hear a lot from. the ecb has a more difficult nut to crack given that inflation came in hotter than expected and compare the modeled country to country. they have a different mandate where there is one nation fractured. you have a lot of nations with different division outlooks. that is much more challenging at a time they are facing weakness. jonathan: the growth profile is drastically different and has been. kallum pickering is going to join us. president biden and donald trump clashing on the southern border. >> this is a joe biden invasion. three years ago we had the most secure border in history. people were not coming because they knew they were not going to get in. pres. biden: here's what i would say to mr. trump, instead of telling members of congress to block this legislation, join me or i will join you in telling congress to pass this bipartisan border security built. jonathan: president biden challenging trump to make progress on immigration after stal
which one are you focused on coming ecb, boj, federal reserve. lisa: i would say more ecb.he federal reserve we hear a lot from. the ecb has a more difficult nut to crack given that inflation came in hotter than expected and compare the modeled country to country. they have a different mandate where there is one nation fractured. you have a lot of nations with different division outlooks. that is much more challenging at a time they are facing weakness. jonathan: the growth profile is...
0
0.0
Mar 14, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the ceo of the bank of ireland weighs in on the next move by the ecb is rate speculation ramps up. ♪onali: welcome to bloomberg markets. let's look at the markets quickly. we have a lot of red on the screen. we have the s&p 500 now down about one half of 1%. the nasdaq 100 is seeing bigger can kleins. the russell 2000 even more than that. it's now down about 1.5% on the day, quickening its losses and that's on the back of higher yields. the two-year yield just flying higher. it's above 4.67 on the day. that's a three basis point move. you have to remember how far we've come. we will dive into the economic data we had this morning that is driving the yields higher. michael mckee joins us now to bring us up mike: mike: to date. this is a nerd indicator. business inventories are just out at the moment. it's not a really good number. 0.0 after a 0.3% increase the month before. that is down from 0.4%. it suggests the u.s. is not building inventories as much as people might have thought. there was a feeling that because gdp has shown inventories declining for the last months that we would
the ceo of the bank of ireland weighs in on the next move by the ecb is rate speculation ramps up. ♪onali: welcome to bloomberg markets. let's look at the markets quickly. we have a lot of red on the screen. we have the s&p 500 now down about one half of 1%. the nasdaq 100 is seeing bigger can kleins. the russell 2000 even more than that. it's now down about 1.5% on the day, quickening its losses and that's on the back of higher yields. the two-year yield just flying higher. it's above...
0
0.0
Mar 15, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> ecb board member is calling for a rate cut in june claiming he sees three moves lower startingn june. he will focus on meetings with the new economic projections in september and december. >>> the european central bank chief economist said europe is on track to meet the 2% target and inflation and sees rate cuts in the second quarter. i spoke to him yesterday and asked him to expand on what is spring and when can investors expect cuts and if there is a danger of going too far, too fast? >> what is at the start of the year, the turn of the year in january and february with the dimensions to the data. we need to see that settle down a bit. i think we were very good at the process and analyze the data to make projections. we have a fairly stable view we are on the way back to 2%. i think we have the time to reflect and validate that and see more confirmation especially in those segments. it is not overall core inflation, but services component. i think we have some time to see further validation because it is important to get the initial transition away from holding toward startin
. >>> ecb board member is calling for a rate cut in june claiming he sees three moves lower startingn june. he will focus on meetings with the new economic projections in september and december. >>> the european central bank chief economist said europe is on track to meet the 2% target and inflation and sees rate cuts in the second quarter. i spoke to him yesterday and asked him to expand on what is spring and when can investors expect cuts and if there is a danger of going...
0
0.0
Mar 15, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tom: your central bank governors said there need to be for cuts, does the ecb need a cut? is expecting and projecting usually these counts. quite volatile as we all know. a few months back, we were talking about higher for longer. now we are talking about cuts. we expect to the first cut in june. two or three cuts happening. the reality is the ecb is looking at the european economy. it's actually helping with inflation. tom: are you worried rates are too restrictive? >> the way they have been managing to end up with a soft landing as we have seen because it is not where we are right now in europe. it will be really bad if you compared it. going a little bit further as we speak from now on until the end of the year would help the european economy perform. tom: bacteria bank. what is the expected asian regulators will allow you to pay out dividends? >> this is an ongoing discussion, a year-by-year discussion. for the year that just passed by, we are in discussions with regulators. it is honest dialogue and we have accounted in our financials. 10% payout ratio. that is someth
tom: your central bank governors said there need to be for cuts, does the ecb need a cut? is expecting and projecting usually these counts. quite volatile as we all know. a few months back, we were talking about higher for longer. now we are talking about cuts. we expect to the first cut in june. two or three cuts happening. the reality is the ecb is looking at the european economy. it's actually helping with inflation. tom: are you worried rates are too restrictive? >> the way they have...
0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
what did we get from the ecb 3m? christine lagarde just speaking in the last hour sounding similar to powell in that she's patient and she wants to see more data before considering cutting interests. here's the money line she said moments ago. >> we are making good progress towards our inflation target, ande and we are more confident as a result. but we are not sufficiently confident, and we clearly need more evidence, more data, and we know that this data will come in the next few months. we will know a little more in april, but we will know a lot more in june. >> she emphasized june there as opposed to april potentially in terms of knowing enough to be more sufficiently confident that inflation is coming back down to target. the market got excited because when the ecb came out they lowered their inflation target for this year and the growth target for this year and reduced the growth target for a fourth quarter in a row and now expect the economy in the eurozone to rise 0.6%. that together could indicate that they
what did we get from the ecb 3m? christine lagarde just speaking in the last hour sounding similar to powell in that she's patient and she wants to see more data before considering cutting interests. here's the money line she said moments ago. >> we are making good progress towards our inflation target, ande and we are more confident as a result. but we are not sufficiently confident, and we clearly need more evidence, more data, and we know that this data will come in the next few...
0
0.0
Mar 13, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
let's talk about your friend, bank of france governor saying the ecb is liable to make its first cut targeting the june meeting most likely. the bank is very pragmatic and see depending on the data most ecb officials in agreement with many also indicating june's meeting as the right time to cut. could further bolster the case for a rate cut given the difference between europe and the united states at the moment on that front. >> also talking about spring and saying june as part of spring. christine lagarde cold june summer, so let's just say pretty much all signs are pointing to this spring, summer, whatever you like to call it, june cut. jonathan: when this winter and summer start, and spring end? >> stephen stanley of santander right on track. while inflation is headed in the right direction, it may not call to the satisfaction until later in the year. market expectations for the timing and magnitude of that cuts are too aggressive. i expect rates reduced by 50 basis points beginning in the fourth quarter after the election. good morning. do you think the federal reserve dot plot m
let's talk about your friend, bank of france governor saying the ecb is liable to make its first cut targeting the june meeting most likely. the bank is very pragmatic and see depending on the data most ecb officials in agreement with many also indicating june's meeting as the right time to cut. could further bolster the case for a rate cut given the difference between europe and the united states at the moment on that front. >> also talking about spring and saying june as part of spring....
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the event that they could frontline the ecb in terms of rate cuts.t kind of precedent might that set? >> i think to be honest, most central banks overly because of looking at the domestic underlying inflation pressures rather than looking at it relative to central banks. they are looking at the strength of the currency. there are a few banks starting to look at a potential earlier cut. there will be quiet unusual. the strength of the currency is 7% higher? >> that is where i feel the president might actually come through. the fact that we have to start thinking about currency impacts. not just for the swiss national bank but isn't this the exact issue the boj is having as well russian mark or hitting 120. what do we need to know about the currency piece of the equation? how does it play into the economics? >> the channel they would be looking at -- the impact on inflation but also the impact on the economy and trade and so on. there was what an interesting dynamic for the boj. we saw the package of ultra easing policy settings unwound. a broad range
the event that they could frontline the ecb in terms of rate cuts.t kind of precedent might that set? >> i think to be honest, most central banks overly because of looking at the domestic underlying inflation pressures rather than looking at it relative to central banks. they are looking at the strength of the currency. there are a few banks starting to look at a potential earlier cut. there will be quiet unusual. the strength of the currency is 7% higher? >> that is where i feel...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the ecb also front and center.n the coming hours for a live coverage of the ecb rate decision and press conference with christine lagarde. that's coming up at the times listed on your screen. 9:50 pm if you are in hong kong. that's it from bloomberg markets asia. this is bloomberg. ♪ i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is.
the ecb also front and center.n the coming hours for a live coverage of the ecb rate decision and press conference with christine lagarde. that's coming up at the times listed on your screen. 9:50 pm if you are in hong kong. that's it from bloomberg markets asia. this is bloomberg. ♪ i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is...
0
0.0
Mar 28, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
he took objection to a recent ecb paper that said that 90% of banks are misaligned with the 1.5 degreesof paris. he said of course we are misaligned. the real economy is on track for three degrees. how are we who will finance the economy be aligned with 1.5. there is a disconnect between the commercial imperative in structures of the bank that are clashing at this point, and i came to a head at the tokyo meeting. tom: great piece of reporting inconsequential in terms of how we get to these targets if we ever do. alastair marsh on the bloomberg dictate today. there is plenty more coming up. stay with us. this is bloomberg. ♪ >> our medium-term forecast is for the yen to strengthen somewhat. over the next year or so we think it should head back toward 140 primarily driven by the force of the fed easing further down the road and somewhat tighter japan policy, so we think that the medium-term picture looks like a stronger yen. tom: that was christopher walken cox -- christopher wilcox speaking to bloomberg early. a weaker yen has benefited japanese stocks given the impulse around exports fo
he took objection to a recent ecb paper that said that 90% of banks are misaligned with the 1.5 degreesof paris. he said of course we are misaligned. the real economy is on track for three degrees. how are we who will finance the economy be aligned with 1.5. there is a disconnect between the commercial imperative in structures of the bank that are clashing at this point, and i came to a head at the tokyo meeting. tom: great piece of reporting inconsequential in terms of how we get to these...
0
0.0
Mar 14, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
finally, the ecb's the cost all due to speak at events today.after dovish comments from ecb officials yesterday suggesting that the first cut could come in april, more likely in june. that was a line from the governor and the bank of france. plenty more coming up. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. we have a host of data out of the u.s. jobless claims, retail sales data, arguably the most important print that will come through will be producer prices out of the u.s. whether or not that confirms the stickiness, the relative increase we saw in terms of the consumer prices. here's what's happening longer-term. you saw this big pickup in the summer of 2022 but work is being done to get producer prices lower. monetary prices lower. the biggest components are services. energy is now in contraption in terms of the component, the basket, the mix within the producer price component. whether that stays the same will be crucial. we have the right ea report out. leucine geopolitics at play in it being reduced in the u.s. t
finally, the ecb's the cost all due to speak at events today.after dovish comments from ecb officials yesterday suggesting that the first cut could come in april, more likely in june. that was a line from the governor and the bank of france. plenty more coming up. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. we have a host of data out of the u.s. jobless claims, retail sales data, arguably the most important print that will come through will be producer prices out of...
0
0.0
Mar 13, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
cb easing we do expect to see, we expect to see ecb easing but because really, really, in a very badgoing to ease it maybe -- very diverse world indeed, doj, they have their you know their -- very definitely want strong wage gains help corporate revenues profits of soared increases odds, you are getting bigger wage gains does obviously, increases -- dodge can start to scale back japan our favorite still our favorite balanced economy because of profit cycle for now very, very strong, currency come back a little bit, expectations dial back stimulus we don't think a negative for japan we just think increasesodes inflation -- doesn't get out of control again, you can't make, no way to synchronize global economies. maria: look japan has been the one to watch recently for sure a lot of money moving into japan nancy great to talk with you thanks so much. >> thank you for your time. >> nancy lazar joining us have a good day quick break lawmakers voting on a bill could essentially ban tiktok in the united states, unless it divests in bytedance deputy national security adviser under president
cb easing we do expect to see, we expect to see ecb easing but because really, really, in a very badgoing to ease it maybe -- very diverse world indeed, doj, they have their you know their -- very definitely want strong wage gains help corporate revenues profits of soared increases odds, you are getting bigger wage gains does obviously, increases -- dodge can start to scale back japan our favorite still our favorite balanced economy because of profit cycle for now very, very strong, currency...
0
0.0
Mar 8, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
jay powell says the fed is just not far from a move and the ecb strikes a dovish tone. the s&p is up 1% this week. if it holds these gains, it would have posted gains in 17 of the last 19 weeks. that is the first time that has happened since 1964. the focus on the monthly jobs report. investors look at those numbers for insight into a rate cut. let's bring in robert teeter. great to have you here. >> great to see you, frank. >> s&p hitting a high. nasdaq hitting a high. you are focus odd valuation. you are focused on trailing 12-month valuation for the s&p coming in 23 times. you said that means we have to have a cut. why? >> we have seen it in treasuries as you pointed out with the yields coming down the past few weeks with the rally going on and broadening out. expectations are for a fed cut in june. that is required to keep the rally going. the longer the fed waits, the more pressure it puts on the economy and valuation. we are dependent on the rate cut in the summer to keep the rally going. >> you are saying we are dependent on the cut happening in the summer. it is
jay powell says the fed is just not far from a move and the ecb strikes a dovish tone. the s&p is up 1% this week. if it holds these gains, it would have posted gains in 17 of the last 19 weeks. that is the first time that has happened since 1964. the focus on the monthly jobs report. investors look at those numbers for insight into a rate cut. let's bring in robert teeter. great to have you here. >> great to see you, frank. >> s&p hitting a high. nasdaq hitting a high. you...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
all eyes of course on the ecb meeting tomorrow, and while the market does anticipate they will hold interest rates and keep them steady, the question marks are on the interest rate future and what that outlook kind of looks like at this stage pretty much in line with the broader market are these upticks, the cac 40 moving back toward 8,000 points and is what we're seeing xetra dax, 2 cents to the good that one, of course, there are a couple of sectors moving very, very positive this morning yesterday we were looking at the mining stocks. today we're seeinging real esta imagining to move up the chemicals enjoying positively, a 1% kban, really the top four of the gainers in the stoxx 600. toward the bottom, you see the median stocks lose significantly. health care taking another dip for this week with construction as well as industrials at the bottom ofhe stoxx 600. that's going to be quite interesting to look at does the tax cut really come into play and where else will jeremy hunt look toward then when it comes to trying to shore up one political woe and greater political enticement for vote
all eyes of course on the ecb meeting tomorrow, and while the market does anticipate they will hold interest rates and keep them steady, the question marks are on the interest rate future and what that outlook kind of looks like at this stage pretty much in line with the broader market are these upticks, the cac 40 moving back toward 8,000 points and is what we're seeing xetra dax, 2 cents to the good that one, of course, there are a couple of sectors moving very, very positive this morning...
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
here in europe, the ecb guiding with a spring rate cut.ank of england talking about the potential for cuts on the horizon. a lot of messaging. the big one is the fed that we are on script for the rate cuts stateside. a positive signal and as a result, we climbed to fresh reports on the stoxx 600 as we drift off that level today. we are seeing it on the dax in germany over the course of the trading week. let's look under the hood at the individual trades. mostly in the red at the start. this is evening up as we move through the initial trading session. technology at the bottom. down .9%. household goods with kering on the back of the luxury names. chemicals are trading down. telcos and the attempt to consolidate the mobile phone market and they have five days to come up with a negotiations with the regulator or face a deeper investigation. media stocks is .4% up. stocks on the move at this hour, these are the big ones for the friday session. phoenix group. 7.9% on the upside. grifols is 3% higher. edp on the move. weaker trade this morning.
here in europe, the ecb guiding with a spring rate cut.ank of england talking about the potential for cuts on the horizon. a lot of messaging. the big one is the fed that we are on script for the rate cuts stateside. a positive signal and as a result, we climbed to fresh reports on the stoxx 600 as we drift off that level today. we are seeing it on the dax in germany over the course of the trading week. let's look under the hood at the individual trades. mostly in the red at the start. this is...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
maria: moving ahead of the ecb and the fed, a lot of people circling around june we could get a juneia: from ecb, from the fed, the bank of england and there you have swiss national bank this morning cutting interest rates. when we come back, president biden pushing for more financial handout, hillary vaughn is on capitol hill with those details this morning. hillary. >> reporter: good morning, maria. thousands of americans will be waking up this morning with their student loan debt canceled. i'll have all the details on president biden's big anounsment this morning after the break. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat. discover the west kept secret. go to three forks ranch.com to book your luxury experience. ♪(voya)♪ there are some things that work better to
maria: moving ahead of the ecb and the fed, a lot of people circling around june we could get a juneia: from ecb, from the fed, the bank of england and there you have swiss national bank this morning cutting interest rates. when we come back, president biden pushing for more financial handout, hillary vaughn is on capitol hill with those details this morning. hillary. >> reporter: good morning, maria. thousands of americans will be waking up this morning with their student loan debt...
0
0.0
Mar 18, 2024
03/24
by
RUSSIA24
tv
eye 0
favorite 0
quote 0
and no change in ecb rates is expected yet.d to spend money from a special reserve fund after a sharp increase in rates. we are talking about an amount of almost 12.5 billion euros. and while the country is reassuring citizens that taxpayers’ money will not be needed, because losses are approximately 18 billion euros will be received in the future. cover from another reserve fund through the possible sale of assets. many other countries, members of the european union, are already resorting to the same strategy. well, where can countries find another 56 billion euros for defense in this situation? the answer is given by the analysts of the german institute for economic research. if public debt levels are already high, countries will have to cut spending in other areas. in terms of interest rates , 4% on a loan is for a farmer or a small person. the enterprise means complete collapse, and europeans have relied on the development not of large industry, but of small medium-sized businesses, the average small business is highly inde
and no change in ecb rates is expected yet.d to spend money from a special reserve fund after a sharp increase in rates. we are talking about an amount of almost 12.5 billion euros. and while the country is reassuring citizens that taxpayers’ money will not be needed, because losses are approximately 18 billion euros will be received in the future. cover from another reserve fund through the possible sale of assets. many other countries, members of the european union, are already resorting to...
0
0.0
Mar 6, 2024
03/24
by
RUSSIA24
tv
eye 0
favorite 0
quote 0
according to frozen russian state assets, and theirs according to the ecb 208. billion euros.lated that by 2027, an income of about 15 billion can be obtained from them. but this will depend on the interest rate and dividends that will be paid on these amounts. we hope to reach agreement on the use of these funds in the coming weeks. the president of france unexpectedly spoke out against the seizure of frozen russian assets. emmanuel macron stressed that such actions are contrary to international law. and even the discussions themselves on this. issue weaken europe, where these assets are located. the moscow exchange supervisory board recommended paying dividends for the twenty-third year in the amount of 17 rubles. 35 kopecks per share, the press service of the trading platform reports. in total, 39.5 billion or 65% of last year’s net profit can be used for payment. by the way, the day before the moscow exchange index exceeded 3,300 points for the first time since february of twenty- two. analysts attribute this to stabilization. the us remains vulnerable, especially among sm
according to frozen russian state assets, and theirs according to the ecb 208. billion euros.lated that by 2027, an income of about 15 billion can be obtained from them. but this will depend on the interest rate and dividends that will be paid on these amounts. we hope to reach agreement on the use of these funds in the coming weeks. the president of france unexpectedly spoke out against the seizure of frozen russian assets. emmanuel macron stressed that such actions are contrary to...
0
0.0
Mar 1, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
and ecb decision and a read on the u.s. labor market with the latest payrolls report. look at the data expectations. there is an expectation the data market is pulling with an estimated 190 k additions in jobs. softer than what we saw of the prior print of 350 three k, but above what jerome powell said would be the neutral pace of payrolls. the unemployment rate expected to stay unchanged. that does it from new york. same time, same place next week. this was "real yield" on bloomberg. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh i think he's having a midlife crisis i'm not. ahhhhhh you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -
and ecb decision and a read on the u.s. labor market with the latest payrolls report. look at the data expectations. there is an expectation the data market is pulling with an estimated 190 k additions in jobs. softer than what we saw of the prior print of 350 three k, but above what jerome powell said would be the neutral pace of payrolls. the unemployment rate expected to stay unchanged. that does it from new york. same time, same place next week. this was "real yield" on bloomberg....
0
0.0
Mar 8, 2024
03/24
by
RUSSIA24
tv
eye 0
favorite 0
quote 0
the head of the ecb said that the eurozone economy remains weak, from the wording that christina lagarthecan be drawn for ordinary europeans: there is a small probability that the regulator will begin to soften monetary policy a little earlier, but of course there are no guarantees. also the ec lowered its forecast for eurozone gdp for this year by 20 by 2% points to 60. usa, the statement, although it concerned exclusively medium and small institutions, but the history of crises shows that the domino effect may be uncontrollable. the chairman of the federal reserve tried his best to calm the congressmen. the regulator is allegedly making every effort to ensure that the fire does not spread. i'm sure there will still be bank failures, but these are small banks, if you look at the very large banks, this is not a problem of the first order for any of them, this is more a problem of small medium-sized banks, we are working with them in this direction, i think it is manageable, i would use this word, this is a very active work for us and for other regulators, it will continue for some time, o
the head of the ecb said that the eurozone economy remains weak, from the wording that christina lagarthecan be drawn for ordinary europeans: there is a small probability that the regulator will begin to soften monetary policy a little earlier, but of course there are no guarantees. also the ec lowered its forecast for eurozone gdp for this year by 20 by 2% points to 60. usa, the statement, although it concerned exclusively medium and small institutions, but the history of crises shows that the...
0
0.0
Mar 25, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tom: how are the markets interpreting the messages from the boe, ecb, s&p?s the take that doves are in control? paul: it feels like they fired the starting gun. it is the same mentality and noise traders are hearing. at the top of the show, people betting on short-term interest rates relative to long-term. maybe we can undo the yield curve. the market has been wrong several times. a stopped clock trade will be right eventually. this is volatility sliding, credit spreads type and exuberance in equities, so everyone happy. easing underway and there's reasons to be cheerful. tom: excellent wrap, paul dobson, thank you. now to what unfolded in moscow, four men are charged with a terrorist attack at a concert hall in which 100 37 people were killed. tony halper joins us. islamic state same the carried out the attack, but russia insists the ukraine was involved. >> good morning. in any functioning government you expect security officials, but vladimir putin pointed the finger at ukraine and cast moscow as linked to the war. no mention of islamic state even though
tom: how are the markets interpreting the messages from the boe, ecb, s&p?s the take that doves are in control? paul: it feels like they fired the starting gun. it is the same mentality and noise traders are hearing. at the top of the show, people betting on short-term interest rates relative to long-term. maybe we can undo the yield curve. the market has been wrong several times. a stopped clock trade will be right eventually. this is volatility sliding, credit spreads type and exuberance...
0
0.0
Mar 8, 2024
03/24
by
RUSSIA24
tv
eye 0
favorite 0
quote 0
the head of the ecb again recalled that this is a sensitive issue fraught with discredit to the entireed exclusively the average and small institutions, but the history of crises shows that the domino effect may turn out to be uncontrollable, the chairman of the federal reserve tried his best to calm the congressmen, the regulator is allegedly making every effort to ensure that the fire does not spread. i'm sure there will still be bank failures, but these are small banks, if you look at the very large banks, this is not a first order problem for any of them. this is more a problem for small medium-sized banks, we are working with them in this direction, i think it is manageable, i would use that word. this very active work for us and for other regulators, it will continue for some time. recently, the international monetary fund, in a new report, also warned about the likelihood of a repeat of the events of march last year. then silicone bank, one of the top twenty in the united states, went bankrupt, and two more regional banks collapsed almost immediately after it. at that time, the
the head of the ecb again recalled that this is a sensitive issue fraught with discredit to the entireed exclusively the average and small institutions, but the history of crises shows that the domino effect may turn out to be uncontrollable, the chairman of the federal reserve tried his best to calm the congressmen, the regulator is allegedly making every effort to ensure that the fire does not spread. i'm sure there will still be bank failures, but these are small banks, if you look at the...
0
0.0
Mar 6, 2024
03/24
by
RUSSIA24
tv
eye 0
favorite 0
quote 0
based on the frozen russian state assets, which according to the ecb are 208 billion euros, we have already 2027 it is possible to receive an income of about 15 billion from them, but this will depend on the interest rate and dividends that will be paid on these amounts. we hope to reach an agreement on the use of these funds in the coming weeks. french president emmael macron unexpectedly spoke out against the seizure of frozen russian assets. stressed that such actions contradict international law and even discussions on this issue weaken europe, where these assets are located. industrial orders in the united states fell at the fastest rate since april 2020; the january figure fell by more than 3.5% by december, despite the fact that the consensus forecast was about three. moreover, the december statistics were significantly revised for the worse. the volume of orders decreased by 3%, and did not increase by 2. the us department of commerce explains this negative behavior by a decrease in demand for boeing civil aircraft. the service sector activity index in the united states also fell mo
based on the frozen russian state assets, which according to the ecb are 208 billion euros, we have already 2027 it is possible to receive an income of about 15 billion from them, but this will depend on the interest rate and dividends that will be paid on these amounts. we hope to reach an agreement on the use of these funds in the coming weeks. french president emmael macron unexpectedly spoke out against the seizure of frozen russian assets. stressed that such actions contradict...
0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
inflation reports could provide the confidence she needs to cut and there was also the president of ecb sparking a rally, she had a simmer -- similar handle. >> we clearly need more evidence, more data and we know this data will come in the next few months. we will know a little more in april but we will know a lot more in june. >> so now two days of testimony by the fed chair, multiple speakers. pretty much where it was. mike i think there might have been concerned going into all this that powell may end up a little more hawkish, but he did not. >> i think any hawkish turn that may have been anticipated would have been a huge change in the story and framework they have been using for a while. >> all of that is predicated on the data behaving the way it is going to be. i really the -- like the ay joe said -- we have a jobs report tomorrow that will show a step down from really unexpected 353,000 in the prior month to around 200,000 this time around with a low unemployment rate, but the market i think is really interesting. it is fine with what has happened which is this extension of whe
inflation reports could provide the confidence she needs to cut and there was also the president of ecb sparking a rally, she had a simmer -- similar handle. >> we clearly need more evidence, more data and we know this data will come in the next few months. we will know a little more in april but we will know a lot more in june. >> so now two days of testimony by the fed chair, multiple speakers. pretty much where it was. mike i think there might have been concerned going into all...