- Powell Speaks at 11;30 in Switzerland Q&A to follow his speech
- China lowered reserve requirement for banks by 50Bps, some banks will see 100 bps cut this creating a new round of Stimulus
- German Industrial production missed,: -0.6% m/m vs 0.3% cons; -4.2% y/y vs -3.9% cons
- Reliable China insiders hint that this round of trade talks could lead to a ‘breakthrough’- There’s more possibility of a breakthrough between the two sides,” said Hu Xijin, editor-in-chief of the Global Times
Big question today is whether yesterday’s adjustment in the Long Bond, Long Dollar QE forever trade is done. Strong Jobs report feeds into this narrative a weak report could ignite another round of bond buying and thus increase chance for 50 bps cut which currently stands at 11%. Watch out for wage data s usual.
Currently Stocks higher,Bunds and buxl rebounding but treasuries are on the offer as is gold and silver which is down $1.50 in 2 days Omph