Slapping tariffs of 106 on imported aluminum foil. Beijing has hinted at a response. Li na the markets in the u. S. Tumbled today in reaction to the fed chairman jay powells testimony today. But if you look at several pieces of data, indicators and a buy signal relative to other markets in the u. S. G btv 672 which shows you the breadth of the market. Still of s p70 stocks are trading above their 200 day moving average. If you look over into europe, for instance, where you and i talked to a lot of investors, there is a lot of value in europe. Only 59 of stocks on the euro, the stoxx 600 index are trading above their 200 day moving average. , itn that smaller breath goes to show the european markets or others outside the u. S. Still have a bit of work to do before they flash a buy signal. Yvonne a great chart there. Given the turbulence we did see in february, were seeing more of a bounce back and the like the u. S. Compared to europe and asia. The breadth of the market in china not a s
Postdivorceier says trade talks are underway, and the u. K. Much must offer more. We have breaking news in south korea. It was a data dump morning. The surplus widening. Year on year, 6 billion. Industrial output rising 2. 7 . This is also for the month of august. That is well above what economists had estimated at a gain of 1. 3 . The number to really watch is the factory output, the industrial output, 2. 7 . We did see a revision and inkage or decline, 0. 2 down 0. 2 in prior months. A lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. Is that going to dampen consumer demands and outlook for south korea . Yvonne mark yvonne it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0. 4 . We saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth manufacturing. Export growth, we saw 31 jump from a year a
About north korea. Pyongyang makes a surprising offer. We have the world covered on bloomgberg daybreak asia. We go to washington for the latest on the u. S. And chinese Diplomatic Security dialogue. Later we have an interview with the chinese ftc president live from bangkok. Coming to you live from our bloomberg headquarters. It is that oil complex we have to be worried about. First it was wti, now brent crude heading into a bear marke t. Some opec nations are considering deeper out put cuts. And they have to extend those cuts even further. You can see that build up in the oil market. We have hit that moment where suddenly everyone is paying attention. Lets see how the rest of asia will be handing out. Be panning out. Flat on the index 50. Cash rate unchanged. Rates will not move for some time. Futures are positive after an ugly day on the asx 200. The aussie not doing much at 75 51. 82. T falling at 44 we will look at the asian session. Lower after half of 1 down on the nikkei 225. 1
After 2016s foreign takeover spree. We have the world covered on daybreak asia. We go to watch the developments out of beijing as chinese mostators watch the prolific overseas dealmakers. And we are watching the e. U. Summit in brussels throughout the morning through this is daybreak asia, coming to you sive from bloomberg asian headquarters. I am yvonne man. Betty is that the wharton global conference. A very busy friday and a happy one as well. Yvonne we are marking the oneyear anniversary of brexit. We have the stress test, keeping an eye out on china as well. First it was anbang, but regulators could be targeting other companies. A lot of big guests on our show with betty. Starting this hour, Geoffrey Garrett in 40 minutes time. On Bloomberg Markets, betty will be speaking to the incoming chief executive of hong kong. Her as have to talk to we start next week, marking the anniversary of the handover. You do not want to miss bettys chat with tom friedman at 10 40 a. M. Hongyou do no
Dose of stimulus since 1990. Amazon aims to capitalize on chinas fascination with all things japanese. Coming to you live from our u. S. And asia headquarters. Betty i am betty liu in new york. It is sunday evening. We begin with breaking news just crossing the bloomberg from south korea. Current account surplus for june coming in wider than the prior month at 12. 17 billion. This is after it widened to more than 10 billion in may. We will watch for trade data for july coming out in an hour. Pmi later today. We will see how things go. So far, stocks heading south in new zealand. After funollar flat fonterra maintain that milk price. Its still up in the air what the central bank will do. The aussie dollar at . 75. The yen climbing 3 after the boj disappoints. Territory today, stocks seeing a pullback today. Governor kuroda throwing the ball back into shinzo abes court. Lets go back to our top story in asia. Spree, back its buying snapping up assets from club med , but now focused on get