The nikkei up. 3 , volumes are pretty light, the seasonality effect as far as that goes. Asx up point tend to the one side. Joining the negative field club, all the way up to 15 years and negative terrain. ,ets look at what is happening german futures there as well. Guild,ed, look at the nearly 1 in negative terrain. Theyre joining with the germans and the swiss here. Treasury at 1. 64 . Where are we with the trade talks . Out as we get over to the first word news with su keenan. Kudlow saying the u. S. And chinese officials have had a productive call on trade negotiations and they are planning a followup in the next few days. He also said there is no change on plans for a chinese delegation to visit the u. S. In september. Chinas ministry of congo comers echo the hope of finding a solution but also criticize the u. S. Approach so far. Postpone the tariffs on some chinese goods has proven there is no winner in a trade war and the u. S. Consumers enterprises will suffer huge losses if t
The french president tells Boris Johnson a new brexit deal is not likely and italy has a few more days to cobble together a coalition. We are live from g7. Week japanese inflation stokes talks of further boj easing. Meanwhile, the rbnz governor tells bloomberg it can afford to be in wait and see mode. We can afford to watch and observe what is happening. We have taken a preemptive double cut. Matt good morning. Matt here in berlin. We had a slew of fed speakers yesterday that pulled back expectations for a big rate cut, if any at all. That really changes things in markets. Nejra you saw adjustment in pricing in terms of futures. Have we just heard from the hawks . What is jay powell going to do . Is he going to push back from we know historically jackson hole speeches can give signals of Monetary Policy in the future. Matt interesting we continued to see gains in u. S. Stocks. The s p 500 closed down a little bit, but it was not too bad. Now we see futures pointing to gains at the open
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to get a cbi data from singapore. Thise checking on the end m
Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself
Daybreak australia. Im paul allen in sydney. Im annabel ruelas in hong kong. Were counting down to asias major market opens. Good evening from bloombergs World Headquarters in new york. Im ryan. The top stories this hour, us stocks slide into the close on bets an improving economy will keep rates higher for longer. Dollar strength sinking apac currencies to this years lows. China said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Plus, decision day for the reserve bank of new zealand with cooler inflation and higher unemployment supporting another hold. Us futures coming online in the Asian Session, were seeing a little bit of a muted picture after stocks fell in new york. We have the drop deepening in the final hour of trading. Investors really trying to digest those stronger than expected retail sales and also more hawkish fed speak. We had financials being weighed down. A warning from fitch that