Are Markets Optimistic About Fed's Dovish Outlook?
The U.S dollar headed for a three-week slide after the Federal Reserve cited the potential impact from weaker global growth and financial-market turmoil on the world’s largest economy. The central bank policy makers shaved 50 basis points from their 2016 rate outlook, sending both the U.S. currency and Treasury yields tumbling Wednesday. BNP Paribas Global Head of G10 Rates Strategy Laurence Mutkin discusses with Bloomberg’s Anna Edwards and Manus Cranny on “Countdown.”
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China Begins Privatization Push
50:04 - China is continuing to overhaul its bloated state-owned enterprise sector with a share sale at its second largest mobile carrier. Tech leaders Tencent and Alibaba are among those buying the 35% stake in China Unicom. Bloomberg's Stephen Engle and Tom Mackenzie report on "Bloomberg Markets: Asia." (Source: Bloomberg)