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Jun 20, 2024
06/24
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he joined the snb as an intern to thomas jordan.we don't expect any particular change in policy. it's pretty much going to go on and policymakers in zÜrich were just look what they think is best for the swiss economy. tom: ok, fantastic set up ahead of the snb decision today. bloomberg' swisss economy and government reporter, basch and ben rath. at absurd for us we will be speaking to thomas jordan after that rate decision. of course, one of his final interviews before he steps down, so stay tuned for that interview as well. let's get the market reaction in terms of how the markets are gearing up for these rate decisions from the boe and snb with mark cranfield from bloomberg mliv standing by for us. the snb looks to be as we were hearing from bastian a very very close call. how are the markets kinda preparing around this, around this decision, with the eye on the swiss as well? mark: it's all about the swiss franc. traders needed to try and figure out, is the swiss national bank ready to block the strength of the currency not -- bl
he joined the snb as an intern to thomas jordan.we don't expect any particular change in policy. it's pretty much going to go on and policymakers in zÜrich were just look what they think is best for the swiss economy. tom: ok, fantastic set up ahead of the snb decision today. bloomberg' swisss economy and government reporter, basch and ben rath. at absurd for us we will be speaking to thomas jordan after that rate decision. of course, one of his final interviews before he steps down, so stay...
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Jun 27, 2024
06/24
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. >> the snb is on quite an aggressive easing journey.hey royally surprised markets in march when they did the first easing step by 25 basis points before the ecb had moved. and they confirmed the step downs just this month, taking another step down, although economists expected they might hold given the global hesitancy among the ecb and fed. they are on this easing journey. the fact that they stick to it so aggressively has probably something to do with the political uncertainty you mentioned. we have seen strong appreciation of the franc as investors flock into the franc as a safe haven given the political uncertainty in france and all of europe. martin schlegel will be following all of his predecessors in the snb chair in battling the appreciation tendencies of the franc. economists predict one more cut until the end of the year. this will definitely be determined by healthy franc continues to evolve. if the franc goes up further, maybe we could see an even more aggressive policy easing, or balance sheet measures. the snb has long use
. >> the snb is on quite an aggressive easing journey.hey royally surprised markets in march when they did the first easing step by 25 basis points before the ecb had moved. and they confirmed the step downs just this month, taking another step down, although economists expected they might hold given the global hesitancy among the ecb and fed. they are on this easing journey. the fact that they stick to it so aggressively has probably something to do with the political uncertainty you...
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Jun 20, 2024
06/24
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the snb said it is willing to be active in the fx market as necessary. comment they said back in march. the snb said inflation pressures have eased on the quarter and revised the inflation forecast down ten basis points to 1.3%. the storieyies we hear from switzerland and norway are different for the time being. stay with cnbc today. at 12:00 cet, we will hear from thomas jordan and at 13:30 cet, i'll speak with ida wolden. stay with us for the boe rate decision at 12:00 british summertime. with all of that monetary policy context in mind, let's show you how european markets are trading at this stage. we are seeing all of the major boards in the green. i would highlight the stronger or strongest moves in germany. the dax up .60%. the italian market moving up .70%. naturally, in the wake of the swiss national bank decision, we are keeping a closer eye on the swiss stocks. we are also seeing exchange, excuse me, in the swiss franc in the wake of the snb decision. over here in the united kingdom, the ftse 100 is flat at this time. it is important to keep in
the snb said it is willing to be active in the fx market as necessary. comment they said back in march. the snb said inflation pressures have eased on the quarter and revised the inflation forecast down ten basis points to 1.3%. the storieyies we hear from switzerland and norway are different for the time being. stay with cnbc today. at 12:00 cet, we will hear from thomas jordan and at 13:30 cet, i'll speak with ida wolden. stay with us for the boe rate decision at 12:00 british summertime....
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Jun 20, 2024
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we just had a survey of snbs all over the world.ing business in more countries around the world. 4% growth from 42% to 46% of global snbs choosing to do business across borders. >> small and medium businesses. we mentioned in ebay and etsy. what are you hearing from those customers across border commerce? cross border ecommerce includes other countries and bookings here in the u.s. >> you saw amazon and walmart with strong q1s and guided to strong 2024. airbnb is doing great. you see american consumers want to travel the globe for the summer have a anvacation. we are seeing the u.s. consumer trading down. businesses like amazon and walmart continue to be exceptionally strong. >> i want to talk about something else in d.c. the ban on tiktok. a lot of younger people go on tiktok to shop. i'm not familiar. i buy things online. i buy three of the same thing and send back two that don't fit. how does that impact the cross border? >> it won't have much for us. one of the amazing fees of what tiktok has done, they introduced social shoppin
we just had a survey of snbs all over the world.ing business in more countries around the world. 4% growth from 42% to 46% of global snbs choosing to do business across borders. >> small and medium businesses. we mentioned in ebay and etsy. what are you hearing from those customers across border commerce? cross border ecommerce includes other countries and bookings here in the u.s. >> you saw amazon and walmart with strong q1s and guided to strong 2024. airbnb is doing great. you...
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Jun 17, 2024
06/24
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he will say, i had nothing to do with this, i prepared the snb.ty council and state affairs have nothing to do with it. and we knew that this is how it would be, this would be a failure. therefore, salevan was even forced to admit, and not before this they signed on the 13th this was signed agreement between the connected. but there is also a point that sullivan replied that he cannot guarantee, that’s why i say why salin, salevan is signing such an agreement now, because this osvn status is obtained through congress, through congress, this will be an obligation, this is a definite obligation, which, yes, but lower there, say, an agreement, an interstate agreement or even a trade agreement, but still it goes through congress, here nothing will pass through congress, so salevan said, that: and before january 20, that is, before the official inauguration, he is going to figure it all out, well, i don’t know how he will do it, but nevertheless, zelensky grabbed biden’s hand with a cry, grandfather, no go away, don’t go, grandpa, they’ll tear me to pi
he will say, i had nothing to do with this, i prepared the snb.ty council and state affairs have nothing to do with it. and we knew that this is how it would be, this would be a failure. therefore, salevan was even forced to admit, and not before this they signed on the 13th this was signed agreement between the connected. but there is also a point that sullivan replied that he cannot guarantee, that’s why i say why salin, salevan is signing such an agreement now, because this osvn status is...
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Jun 17, 2024
06/24
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the bank of england, snb and norges bank make monetary policy decision does the snb cut again we willee. flash pmi is expected across europe and u.s. on friday. golden goose will make its debut in the milan ipo in the year we will get into that across the week here is the market week then matt ryan joins us now matt, thank you for the time i really appreciate it a lot has happened a lot still happening. if we just take a look at the european market last week, that downfall with the cac 40 down 6% ftse mib down 5% weaker. dax down 3%. is it really the political influence or is there more under the hood >> this is a driven move if we look at the european economy, the economy is holding up well. you will see the pmi later this week we are looking for signs of a continued rebound in the services sector. the ecb will continue cutting rates. that should be good for european stocks of course, we have that added political risk premium we have seen since the european elections. obviously, markets were pricing in the swing to the right. it is the extent of the swing we have seen particularly in
the bank of england, snb and norges bank make monetary policy decision does the snb cut again we willee. flash pmi is expected across europe and u.s. on friday. golden goose will make its debut in the milan ipo in the year we will get into that across the week here is the market week then matt ryan joins us now matt, thank you for the time i really appreciate it a lot has happened a lot still happening. if we just take a look at the european market last week, that downfall with the cac 40 down...
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Jun 27, 2024
06/24
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speaking of the snb the, the sw national bank, nominating martin schnegel.chnegel will serve until 2027. also make note of this, but the riksbank guided toward two or three cuts this year with the inflation prospects remain unchanged. markets did reduce the bets in the wake of the decision with 50 basis points of easing which is just two cuts by the end of the year according to lseg data. we will have more on the decision. we are interviewing the president of the riksbank, erik thedeen at 1:00 p.m. european central time. >>> now conservative party leader rishi sunak hit out at labour's keir starmer over migration and the economy and trust in politics as the two leaders clashed in the last debate before the election. the voters were split 50/50 on who won the night and asked to put their political views aside. rishi sunak accused starmer of being dishonest of the tax plans. >> leadership means being honest with people about what you plan to do. i appreciate not everyone will agree with me, but at least you know where i stand. keir starmer is not being straigh
speaking of the snb the, the sw national bank, nominating martin schnegel.chnegel will serve until 2027. also make note of this, but the riksbank guided toward two or three cuts this year with the inflation prospects remain unchanged. markets did reduce the bets in the wake of the decision with 50 basis points of easing which is just two cuts by the end of the year according to lseg data. we will have more on the decision. we are interviewing the president of the riksbank, erik thedeen at 1:00...
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Jun 3, 2024
06/24
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positive across the boards. 0.1% on the snb.sation, can we get that rotation in the russell small caps? lisa talking about the perspective of weakness and payrolls. what is weak? stupid kaiser says payrolls may be a banana peel. the mix can be positive but had done below 150 would be worrisome. citi is looking for 140. the median estimate is 190. lisa: i would guess andrew hallman horse would agree with him, talking about how this would indicate rate cuts for the wrong reason, everyone can roll their eyes, good news is bad news, bad news is good news. but you get real weakness in the economy not supportive. the interesting twist that we have seen from bank of america recently. jonathan: that takes us to the bond market. treasuries shaping up as follows. down two basis points on the two-year. down another four on the 10-year, 4.4591. given that retreat, this is one foreign looks like this morning. the euro just had its best month of the year, getting close to 1.09. negative on the session by 0.6%. the ecb will cut interest rates
positive across the boards. 0.1% on the snb.sation, can we get that rotation in the russell small caps? lisa talking about the perspective of weakness and payrolls. what is weak? stupid kaiser says payrolls may be a banana peel. the mix can be positive but had done below 150 would be worrisome. citi is looking for 140. the median estimate is 190. lisa: i would guess andrew hallman horse would agree with him, talking about how this would indicate rate cuts for the wrong reason, everyone can roll...
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Jun 20, 2024
06/24
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the ecb went ahead with it, snb has gone ahead with it twice. but there are consequences.g. we can kindly and it will not be horrible or do you have to say we have to wait for the fed? lisa: the swissie, they were excited to see a weaker currency. let's see how long that works. you can see the euro softening a touch versus the dollar. potentially less volatile than last week one political risk got reinjected. people take a look at the idea of the dollar still remaining preeminent despite promises on rate cuts that seem to be delayed. under surveillance this morning, the bank of england keeping rates on hold, hitting policy makers be close to backing interest rate cuts. this was the most interesting aspect of this. despite the stickiness in inflation, they are still ready to go. annmarie: this really was dovish when it came out david no one thought they were going to make a move today especially given in a week and a half time we will have a fresh u.k. election. what you see is traders piling in, the bets for august are starting to ramp up. potentially before the summer is
the ecb went ahead with it, snb has gone ahead with it twice. but there are consequences.g. we can kindly and it will not be horrible or do you have to say we have to wait for the fed? lisa: the swissie, they were excited to see a weaker currency. let's see how long that works. you can see the euro softening a touch versus the dollar. potentially less volatile than last week one political risk got reinjected. people take a look at the idea of the dollar still remaining preeminent despite...
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Jun 21, 2024
06/24
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people await some of the snb global pmi data which could potentially show the weakness that we saw inend that a lot of people say may not be major data but seem to be heavily traded. euro crossing below that 1.07 mark as political risk grinds on. down .2%. given the political turmoil and the sense of a weakening in europe, maybe not over, in terms of how much it can recover at a time of increased price pressure and geopolitical turmoil. cdk telling car dealership they are likely to be without services for several days after two cyberattacks in the company which serves almost 15,000 dealerships. craig trudell joins us now. what is this, people using pens and paper trying to sell vehicles? craig: cdk is not a conventional name but they are huge players in the space of providing what is called dealership management systems. that is a way of referring to basically all of the backend systems you need to line up credit checks, insurance for customers, track down replacement parts, basically everything a dealer needs to run their day-to-day business is run through these dealer management sys
people await some of the snb global pmi data which could potentially show the weakness that we saw inend that a lot of people say may not be major data but seem to be heavily traded. euro crossing below that 1.07 mark as political risk grinds on. down .2%. given the political turmoil and the sense of a weakening in europe, maybe not over, in terms of how much it can recover at a time of increased price pressure and geopolitical turmoil. cdk telling car dealership they are likely to be without...