Sovereign bond markets are starting to reprice, with yields heading higher. That gives pressure to equities, but we are seeing the csi 300 up 6 10 of 1 . The dollar has been mixed against asian fx. The korean won is losing strength. Show you whats going on in the bond market, there is glaring red. Its what we saw in the 10year yield, back above 2 , well back above that. Franklin templeton, dont underestimate how high the yields can go. They are saying 3 is possible. Youre seeing that movement in the aussie and 10year, up 11 basis points. Just a slight move when it comes to jgbs, negative. 13 basis points. Ahead of export and import data coming out of china. Take a look at this chart, what we are talking about, imports, soybeans in particular. Basically whats been going on, President Trump is complaining now that resident xi jinping is not delivering promises of buying agricultural products. Guess hes right because you see the downward trends but the last couple of months or so, we saw a surge and things have petered out a little bit. David yeah, the drop in 2018 was because of donald trump. But moving out of the 2018 story and hopefully we will get more of a pickup. This is one very important aspect of the trade conversation. Time. Numbers are due any selina wang is in beijing for an update with first word news. Selena . Lina President Trump morning facebook about libra. He says the currency will have little ability and a facebook once it to become a bank, it must seek a banking charter. Facebook has yet to respond, but faced questions from lawmakers ever since it floated the idea of a cryptocurrency. France is refusing to bow to u. S. Threats and is pushing ahead of the tax. French lawmakers try to impose a 3 levy, more than 800 million in worldwide revenue and Digital Sales of 30 million inside france. Washington says its examining the tax to see if it is hurting u. S. Companies and hinting at tariffs in retaliation. We can and we should solve our differences without threats. France is a sovereign state. It will make its own decisions and carry on making its own decisions. Economysingapores contracted sharply as exports continue to shrink amid a global slowdown. 3. 4 eclined an annualized compared with the march period. That compared with the growth forecast to half of 1 of the bloomberg survey. That makes it vulnerable to the tariff wars. Fed chair Jerome Powell reiterated policymakers have room to cut rates as the link between inflation and unemployment has been broken. On his second day of testimony, he stressed the u. S. Economy is in good shape and the fed will use our tools to keep it there. Investors fully expect a quarterpoint cut in rates at the next meeting at the end of the month. Central banks around the world are seeing weakness everywhere, and also providing accommodation. We signaled were open to doing that and youre seeing that in the curve now. Youre seeing that embedded in the Interest Rate curve. Selina global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. Im selena wang and this is bloomberg. David thank you so much. In case you missed the stories, one was fed related. The change was what caught people by surprise. Is it a game changer . Not really, but a change in expectations. This was your change in core. The other thing they want to point out, the option you had on 30 year. Treasuries fairly weak. Some may have gone so far as calling it a failure. There we go. Thats what happened overnight on the right side of the chart. It was a big swing on the 30 year. Yvonne joining us now is the mp paribas manager. He joins us in hong kong. Good to have you. Im just wondering, if the market is all but confirmed we will see a rate cut at the end of this month, does the pboc act pretty soon to follow the fed . 40 think there is reason to pause . Or do you think there is reason to pause . Guest whatever the fed cuts rates, i think the pboc will keep on easing. Not in largescale. I think if the u. S. Does cut, it will give the pboc an opportunity to start cutting again, but i dont think they will cut benchmark rates in china. That will mean system wide easing. Ist the pboc would likely do to cut the lending rates of the lending facilities. Targetinglities are towards easing so cutting Interest Rates is targeting cuts, which fix the requirements. David why is it something that beijing wants . Because that might be separate from what the economy needs, as well . Chi because theres a very imposed that beijing has been doing that it wants to address the debt problem. It doesnt want to see that accumulate too far. It wants to cut eventually. It also still wants to do structural reforms, but because of the environment, it has to shelve the plans, temporarily. Having said that, it still wants to avoid massive inflation so Debt Reduction and restructuring programs arent thrown out the window. Thats why it poses a strain on easing. Yvonne were expecting trade data coming out any minute now. It seems things havent looked better. Looking at exports and imports to actually decline. Although at a slower pace here. What should we be focusing on more . The export side or imports . Chi should be looking at both. On the export side, i think the market is too bearish on outlook. The reason is yes, chinese exporters have been hit hard by the trade war with the u. S. , but the hit is not as bad as many have been forecasting. The reason is because china has been diversifying markets, notably to asia, emerging markets, and other countries. Last year, total exports to the third world countries as a whole was 744 billion. Thats way bigger than chinas total exports to the u. S. , which was about 530 billion. Im not saying china wont get hit. Im saying theres a cushion that makes chinas exports outlook less dire as most people think. On the import side, slowing growth momentum is going to suck in less import. So the wedge between export and imports are the trace of this, will remain quite large. Rishaad those exports you talk about our flatter to see because they cant sustain that. Theyre sending capital goods as part as initiative for infrastructure buildout. You cant compare with what they send to the u. S. Would you not agree . Theres and no because at least half of what china sells to the u. S. Theyre also selling emerging market economies. So the offset is, to some extent, there. And there are some chinese exports that sell to the u. S. They wont be able to sell the em markets. The point here is that theres a lot more leeway that the chinese can build or expand as export network, or trade network with offset whole to help some of the hit from the u. S. Market is, weve gothing this move to create a domestic, consumer driven economy. But ultimately, the world does fall into some sort of global recession, which has been fermented by trade, falling off a cliff, which is the danger. Is that consumer side Strong Enough to sustain china and prevent it itself from having a hard landing . Chi it depends on what growth rate you expect china to get out of in this global slowing environment . If you are expecting 7 growth rate or even 6. 5 growth rate in china when the whole world is slowing, i think thats probably difficult to achieve. But i look at china, the growth rate will be around 6. 2 . I think thats achievable because the domestic tax sector is big enough to sustain the chinese economy from falling below 6 growth rate, at least this year and probably even next year. David and well get that update on monday. Just using simple math, whats the worst print we can get on monday that allows beijing to still hit 6 . In other words, well know what the first is going to look like an roughly what the second half, at the top have, my come in at. Chi if you look at how china has grown in the past six months, it can grow by slightly less than 6 . It can still hit 16. 2 . Its not that difficult to achieve. Yvonne is that including potential tariffs . Chi yes. My 6. 2 forecast hasnt changed at all, already factored into 25 tariffs on broad exports. The caveat is the secondary impact of the trade war that hits chinese exports to the whole world. That is difficult to pin down. So 6. 2 , you put that out last year. Was that before you found out they would cut taxes, as well . Before the stimulus was announced . Chi no, it was in the middle because china started cutting taxes in may last year. I was expecting them to continue cutting that tax. Rishaad chi lo, thank you very much indeed. Coming up later on the program, well have a look at the tribal segment of the shipping industry. Interviewo watch our with the ceo. Well be discussing how hes experiencing disruption to the Global Supply chain. 6. 87ad see ny turning up against the dollar. B. N. P. Ith us is chi lo, paribas asset manager. Thank you for staying with us. You have a contrarian call on this. Most people are anticipating sustained weakness here for the rmb. Youre suggesting we could see it moving to the upside, and appreciation of about 3 of last year to around 6. 6 or thereabouts. Its a bit of an out there call. Tell us whats behind. Chi well, a few reasons for that. One is that i have another contrarian view on the china current account balance, that the market is calling for deficit this year and probably in the coming years, i think we may likely get a current account surplus for china between 1 to 2 gdp. Last session, the export environment is not that that. Slow growth in china is reducing imports growth in china, so there is a wedge thats going to be large. That country beats to the surplus contributes to the surplus. I do expect the trend to continue thanks to the inclusion of chinese assets in national benchmarks. Wh you puten all this together, is likely well see a balance surplus in china, which will go along with the strength of the one and accounts the yuan and accounts for the 6. 65 by the end of this year. Rishaad sure, well get money coming into the country. But what about money and capital flight . People are concerned about depreciation and if it hits certain levels, people might hit the panic button. Theres a lot of talk of their, the recent bitcoin surge. There are mechanisms to get money out, are there not . Neutralps we could be on whats happening in terms of those balanced payments and their surpluses and deficits. Chi thats quite true, but when you look at the capital flows on the financial accounts, theres no indication that massive capital outflows have occurred again. I would argue that capital controls have been effective, and also stabilization in chinese sentiment, onshore, goes a long way to reduce outflow. So what we are seeing in the amount of outflow is much less than the amount of inflow. That goes back to my argument of the surplus that will support the recovery. David just on the gdp number, the what was i going to ask you . The regional breakdowns. We always get the headline number and it almost always comes in on target. Are there parts of china that have recession like conditions . And which ones are growing above doubledigit rates . Chi certainly there are parts in recession. Those are in the northeast. Basically, in general, all the provinces are focused on their own industries, like coal, steel, glass, cement. They were all hit. In the western part, as well. Even in the southern part, the manufacturing part was hit hard by the trade war. ,hen you look at the segments it is going down fast. The provinces that are focusing on new industries, those are emphasized by Development Like those that we used to call china 25, the hightech industries, the smartphones and robots. Those areas that focus on these industries, they will continue to experience quite strong growth while the old segment provinces will see much slower growth. Yvonne in terms of liquidity issues, and just wondering how you see this takeover. Do you think the pboc has the tools to mitigate the risks involving what were seeing onshore . Chi overall, the announced the answer is yes. You cannot take money out at will as you can do in hong kong or singapore. The issue hurts Market Sentiment badly. It is dangerous. But so far, the previously has already got the stash the pboc has the situate the pboc already has the situation under control. Sometimes beijing has to strike a balance from a guarantee ause it hasnt paid amount pay them out. But they guarantee retail depositors 100 bailout. But the bigger, more wealthier, they have to take a cut, 50 , like the market. So thats a good balance between tipping public confidence, but the tell theaway market you have to take care of your money. You cannot go on forever relying on the government. Yvonne always great to have you. Thank you. Joining us here in hong kong. Coming up,. Coming up, growth in hong kong. Looking at state bankers. This is bloomberg. Rishaad back with Bloomberg Markets. This is a look at the business headlines. Tencent is the company, wanting the biggest slice of the smartphone profit pie. The social media giant is seeking 70 of the sale generated from gains, up from 50 . That would bring its portion in line with what it sees from apples ios store and google play. Worldwide shipments of personal Computers Rising 1. 5 in the second quarter, lifted by businesses upgrading to the latest Windows Software from microsoft. Lenovo held onto the number one spot ahead of hp despite the trade war. More pcsshipping 60 and taking a quarter of the global market. They offset a decline in laptop sales. Retailing doing better in china than at home in japan, corporate million,ming in at 62 but missing the estimate by about 50 million. Its budget gu brand also performed well, with profit more than doubling. Topics. For the the china u. S. Trade war itself wont make us change reduction plans. Productivity and quality are high in china and we have no plans to reduce capacity there. We will have more options for production areas as we grow, globally. As a result, the ratio of nonchina area has been growing and we have become resilient to different kinds of risk. Yvonne weve been talking about the big news with Deutsche Bank announcing wideranging job cuts and exemployees are facing a job hunt now in a shrinking market. If youre looking for a job in hong kong, especially an expat, seems its getting harder. David its no longer the same Financial Center in terms of size, scale, focus. Yvonne looking for mandarin speakers for the most part. David skills required, a lot of that focus has gone to singapore. Typealso, hong kong is the of city where you need a job. Its a very expensive city to live in. You cant just chill. I was having a conversation with my friends just this week. Obviously this varies, but the cost to send one of your kids to toool every year, 40,000 50,000. Yvonne international. Rishaad and you dont see david and you dont see back. Yvonne demotions, taking a pay careers,even switching even going to these crypto firms. Were also talking about the story, the chinese stock analyst that was talking about this new china tech war. It seems he got in trouble for it. David his bonus got cut. Lets see how that plays out. Lots of moving parts. The region were talking about, Deutsche Bank. Some of the traditional businesses, as well. Market wise, a couple movers were tracking. We are headed to the lunch break and japan. Tourism, this is the deal. I tried to look for news its falling. It is the biggest decline or and hong kong. Im not exactly sure why. Maybe china trade coming up soon. Japan looks interesting with backers set to cover the bailout shortfall. Still more to come. This is bloomberg. Sydney, im9 in selina wang with the first word headlines. Fed chairman Jerome Powell has reiterated policymakers have room to cut rates as the link between inflation and unemployment has been broken. A second day of congressional testimony, he stressed the u. S. Economy is in good shape and the fed will use our tools to keep it there. Investors fully expect a quarterpoint cut at the next meeting at the end of the month. Sri lanka held its benchmark rate at 8. 5 percent amid slowing inflation and demand of the economy. The decision was predicted by all seven economists we surveyed and comes as inflation decelerated for the first time in six months to 3. 8 . The Central Bank Cut key rates by six basis points as the economy reels from aprils terror attacks. President trump has abandoned an insert to question of citizenship after being defeated in the supreme court. He will now seek the information through other means, cities, counties, states, and immigrate right immigrant Rights Groups challenged the in menstruation, saying it would frighten in the administration, saying it would frighten them. President trump im not backing down. To outlineore you new steps my administration is taking to ensure that citizenship is counted so that we know how many citizens we have in the United States. Makes sense. Selina the United States is holding off imposing sanctions on Iranian Foreign minister for now. The treasury has been expecting to punish him as part of a crackdown on iran amid rising tensions in the gulf of the shooting down of a military drone. Its not clear if it is paused why it is paused. Global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. Im selena wang and this is bloomberg. Back to you. David thank you so much. President trump is renewing his attack on china. Talks are back on track and as beijing prepares to release trade figures, it should come out anytime. This was a tweet. Hes complaining that china hasnt lifted purchases or product, whatign he says he secured at the g20 when he met with president xi jinping. Yvonne it kind of shows what President Trump is saying. We have seen actually soybean imports from the u. S. Collapse in china. 2018, a little bit of a peak in 2019 and now it has petered off. Lets bring our next guest. Range of a wide products. President trump is complaining about all this. Where are you seeing it from the ports . Are you seeing shipping less in china . What are you seeing on the ground . Guest were definitely not seeing a lot of soybeans from the u. S. Right now we would come into peak u. S. Soybean exports and we havent seen a lot of volumes moved. But what we have seen is increased volumes out of brazil, which is the same thing that happened last year to make up for the lack of product coming out of the u. S. Last year, argentina went through a drought. This year, they have a healthy crop so we are seeing more shipments coming out of the east coast and south america. David i think a lot of questions when the soybean issue was first brought up, 16 months ago, was how quickly the process of substitution would be able to take place. It happened fairly quickly. My question to you, if indeed the sanctions get lifted, these tariffs, or the relationship improves, you think that quickly shifts back . John yehah, i do. The u. S. Had weather issues. We had a lot of rain, so the crop may not be as big as last year. But you have brazil and argentina. If you look at the numbers for brazil last year, usually they ship 6065 of production and use the rest for internal demand. Last year, they shipped almost 90 out of brazil to china. Again, that was because of the lack of soybeans coming out of the u. S. Yvonne some people says it has to do with politics. Cargo came out and they talked about how this u. S. China trade were keeps going, prolonged the way that it is right now, this becomes much more of a permanent shift. Do you see this as being a new normal . John on the soybean front, it really depends on what china decides to do in terms of buying soybeans and corn from the u. S. Yvonne what about other commodities . John on the iron ore, Steel Production up 10 in china so far. So weve seen a real increase of iron ore exports. Big focus out of australia. We obviously had the unfortunate incident with the dam collapse, but weve also started to see a slow recovery of iron ore exports out of brazil going into china. What weve seen because of all that is rates move from 8,000 a day to over 26,000 a day over the last three months. And what typically happens this time of year, you always have a slow start in the first half. Thats a seasonal piece. You have maintenance that goes on the mining site. Its a slower period of time. Second half of the year, you have 1215 more in iron ore shipments. If you couple that with the fact the price of iron ore is over 100 today, they are incentivized to get their Mining Operations up and going as fast as they can. And were now starting to see increased volumes. Rishaad john, ok, we look at that, used to be seen as a gauge for how the global trade environment was. Leaving that to one side, weve gone to the highest levels weve seen in five years. What are you shipping the most . Is it actually iron ore . Because china still has that infrastructure buildout, and that is all part of stimulus. Does it tell us anything about the state of global trade right now . John so, thats always the big misnomer with the baltic dry index. Yes, weve seen a Real Recovery on the demand side, led by iron ore, but what weve also seen in dry Bulk Shipping is a very low order book, a very small number of ships delivering on a yearly basis. So that has also helped push our rates up. As we look the next 18 months to two years, we have a very good sense of family ships are coming into the market. And from a historical standpoint, its very low numbers. Rishaad john, one of the biggest cycles in shipping is when times are good, people order a lot more ships. Are you ordering more ships at the moment . You note when he times better than me, you end up with this you know this 20 times better than me, you end up with this surplus. So the right size is always the trick you have to try to pull off. John yeah, i couldnt agree with you more. We are a big proponent of asking people not to order ships. If you look at what janco has done, last year we acquired six ships, but they were secondhand 2015, 2016 built ships that were very fuelefficient. They go along with the plan of reducing fuel exposure and fuel burn. Its interesting whats happened right now with shipyards. Most of them are absolutely full. Theyre building a lot of tankers, a lot of gas ships, and container ships. The availability to go and order a dry bulk ship today still takes about two years out from now. Weve also seen a real shrinking on the financing side, particularly with european banks. So that has been helpful to Companies Like janco, who really dont want to see a lot of new building orders anymore. And so its much more difficult and theres higher barriers to entry in terms of ordering new ships. Yvonne this flows into i am o. A. T. 2020. How have you shifted your treasures your strategy now . Maybe not in ships, but installing scrubbers. Have you set up that spat up process . Ped up that john we havent. Ships that six new are highly fuelefficient. But weve taken a more robust approach. We are installing scrubbers systems on our large, keep sized ships, shipping iron ore and coal. We will be building test burning compliant fuel burning compliant fuel. Weve also done a lot on data collection. On oureen installing ships so we can measure our fuel burn and being able to manage that and being able to reduce our carbon footprint, as well as fuel expenses. David how much is it all costing you, ballpark . Systems arerubber costing a little more than 2 million a ship. As we look at it from an economic standpoint, we basically recoup that investment over a 12 month period. Rishaad thank you very much indeed for that. Th joininghn wobensmi us in our hong kong studios. Up next, the president giving as his insights on how the economy is faring amidst this trade war. This is bloomberg. Rishaad back with Bloomberg Markets as we get more insight on how the chinese economy is doing amidst the trade war, a iib and they are doing what it can to support quality growth. Lothe government is doing a to improve the quality of the growth and to take care of the people. China is investing more in Green Economy and renewable energy. And china is doing more to try to take care of low income people, low income areas. Because, you see, some people say well china is the beneficiary of global globalization. No wonder you embrace globalization. This is certainly unfair. But you see, even in china, the growth does not mean the same thing for everyone. So, domestically, the domestic policy should take care of those people who should not be so fortunate to take advantage of the faster world. This is what china is doing to improve the equity, the social equity is important. We have a prolonged u. S. China trade war. One, what do you deem as the chances of a deal and two, what compromises must the two sides make for there to be a deal . Jin i think the chinese didnt talk about the trade war dispute. Now since im in the international institution, im no longer the part of the chinese government, i look at this development. Think, with i also both eyes, you can see after the meeting between president xi and President Trump, both sides need to sit down to talk, because only by working out the differences, try to understand each other better, and try to look at the issues from the perspective of the other side, probably it could be better for them to understand about the real issues, where you should believe,e, and people at least, there are a lot of chinese believe, cooperation and coordination would bring the situation to both countries. So i remain optimistic. I know there will be differences between two countries. Historical,fferent social background. But over the last four decades, i will say theres lots of positive things between the United States when they work together. Was theand that president of the asia Infrastructure Investment bank. Well talk more about cryptic currencies now. President trump has weighed into the world of bitcoin, warning facebook over its plan to create its own digital currency. David eric lam, ever de facto crypto correspondent, cross assets reporter is his formal title. What was the tweet . What was the complaint . Well, basically donald trump is finally weighing in on bitcoin, crating value on thin air. Its interesting that we havent heard him weigh in on it until now. But he also specifically targets facebook and its libra initiative, says that if facebook wants to become a bank, it has to sign up as a bank and go under all the regulations as a bank. It is interesting hes targeting facebook, given that there is all the other political noise about facebook and privacy concerns, and facebooks role election. He 2016 theres a lot of stuff going on around just this issue. But it is interesting that donald trump, finally voicing an opinion on cryptocurrencies. Yvonne and facebook next week is going to be in d. C. , dealing with lawmakers there. The kind of questions do you think these lawmakers will scrutinize when it comes to the company . Eric well, one very reasonable argument politicians are raising right now, if we cant trust facebook for privacy for our personal data, can we trust facebook with our money . Thats an interesting question. I dont know the answer to that question. Thats something facebook is going to have to address, something clearly facebook is going to have to convince regulators and overcome that question to be able to move forward. Yvonne and bitcoin hasnt really moved. Eric yeah, you take a look at bitcoin, it ticked a little bit higher after the comments, but no more so than the usual price ways we see any given day, so those seem like not much of a market reaction. Eric, thank you so much, eric lam. Rish . Rishaad the start of the session in india, just under an hour to go. A reporter is standing by in mumbai. Snapping 40 losses weve been seeing. Four day losses weve been seeing. Continue 57 minutes from now . Thats right. Lets see if it does or not. The nifty features listed on the singapore exchange, indicating a flat start for markets. But we did snag the snap the ford day losing streak four day losing streak. It came out on july 5. The rally was broadbased. We saw gains from the broader markets. It was just about even stephen, though not entirely in favor. They havee factor is been selling into markets and it marked the seventh day of selling coming in. Also, yesterdays gains coincided with weekly options, largely yesterdays rally, will see if there can be more upside or not. And also, cpi numbers for the month of june. Both macro indicators will be coming out. Bellwether,. Banking major reporting their earnings later on, as well. How is the quarter expected to be really panning out for these Nifty Companies . Yes, they will be coming out with the june quarter numbers. 5 of the nifty. It disappointed on the revenue side. Were expecting dollar down revenues, revenues to grow 2. 5 . In terms of constant currency, were expecting revenues to grow 3 . But they are expected to come under pressure because of higher wages. Thats for the emphasis. The First Private Bank to come out with the numbers is expected to be a stable quarter. And, the bottom line assuming the First Quarter for the company, where they will be showing the march numbers. 3 toock yesterday is up three per 5 . 3. 5 . Much fromnk you so mumbai. Coming up, the battle of the charts. Our reporters go chart to chart or hearttoheart to compete for our votes in our hearts. That is coming up. This is bloomberg. Rishaad time for the battle of the charts. They are putting their best charts against each other. The can access those charts by running down the phones can functions featured at the bottom of your screen. Lets start off with stephen. Its friday and i thought i would come here with an opec pressure chart. Everyone loves opec. Everyone loves oil. This chart here shows just earlier this month, opec plus agreed to continue their oil cut through september, rather through 2020, for the next nine months. They said they want to do that and they say they can do that. But if you look at the red bar, it shows it will be difficult for them to cut production. Once they cut production, it will do a few Different Things with the market. Goldman sachs came out and said if they were to do that and try to push down production, which is, in their words, impossible, that would leave more room for u. S. Shale drillers to bring up and boost production and capture their customers by exporting more oil. So theres two things happening. One is its difficult for them to bring it down to the redline. The same time, if they bring it down to the level, perhaps the market share can be stolen by the americans. Thats what my chart here shows today. Kind of like what my boxing trainer tells me when he looks at my weight. Was that the biggest loser they had a target weight . It kind of looked like that. Anyway, were sticking with bar charts. Today shows they backed off the feds easing policies on the highyield market. The chart reflects that asian highyield dollar bond issuance, the last bar use either, thats year to date issuance. The remaining bars are annual sales. Yeartodate sales have already crossed annual dollar bond sales for the riskiest issues. Thats all thanks to the feds easing policies. Given that were expecting even more rate cuts, well see that number go even further. Obviously its asia, so weve seen a huge number of chinese companies, like Property Companies and highyield issuers really tapping into this demand. Well, the question you would ask is, is this momentum going to continue . Definitely, id say, it will continue. But at a more tempered pace because there is limited appetite for investors to take on risky debts, especially given the debt market. Investors are likely to be more discerning, but the pace of issuance will be pretty strong. [crosstalk] like the color of mistress to penske start. Yvonne im going to go with stephen. Seems its not big enough. Stephen, congratulations to you. Sorry, neha. Rish . Rishaad i dont know. I wouldve gone further. Its pretty, pretty close, as ever. Just a reminder weve got bloomberg terminal users who want to interact with those charts weve been showing. Just go to gtv. You can look at the recent charts weve been serving up for you and save them for the future. It is a most 11 00 in hong kong, 8 30 a. M. In mumbai. Shaad Jerome Powell confirming the United States economy is in a good place and that d has room to cut rates, however some top fed officials do not agree. President trump terms of the heat on china just as talks get back on track. Investors await the final pricing for budweisers asia operation in hope asias taste for beer will help it drive down its debt. This is Bloomberg Markets. We are ending this trading week on a pretty mixed note when it comes to equities and commodities and currencies. We are still awaiting that trade data out of china. We are still adjusting to inflation picture out of the u. S. Overnight after we saw a surprise uptick in prices. Can the fed still cut this month . Potentially yes, some say, but perhaps the market continues to reprice how aggressive these fed cuts will be going forward. Csi 300 up half of 1 . The thai baht continuing to see strength, flourishing around sixyear highs. To south korean won