A surprise move comes as president Vladimir Putin calls for reforms that could keep them in power well beyond the end of his term look at all of the details from moscow. To its good to have you with us the trade dispute between china and the u. S. Could now be a big step closer to resolution that is both sides are signing what theyre calling ses one of the trade agreement now as part of that deal beijing says it will buy more from the u. S. Including energy and Agricultural Products and both sides are holding off on imposing further tariffs on one another and many other hot button issues remain on resolved but trump says he will visit china in the not too distant future. Chinas leo who is in washington to sign a cease fire in a trade war that has slowed Global Growth i. M. F. Managing director chris telling a georgia reminded the trades are this was only a truce not a Permanent Peace deal leaves in place tire of some 360000000000 dollars worth of chinese goods it doesnt address Technol
World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit
Manus a warm welcome to bloomberg daybreak europe. Do you believe that phase one trade deal between the u. S. And china is the most momentous day in trade history . Those are the words of lighthizer. Bank of america, a cracking note out this morning. Get ready. It will be frontloaded. 5 up on the s p 500. To e old rates are going bang up. Nejra how worried should we be about the potential curse of phase one and done . We have seen a risk rally. The phase one trade deal for china but also the u. K. Election, but the question this morning, as we sit here going into 2020 becomes is the absence of some bad news going to be enough for risk assets or do we actually need more good news to come along . Manus indeed. To the markets. There are the believers, the doubters, and there are a course those people that have yet to be convinced. The yuan is truly one of the believers. We come off that break point down to one of the biggest 1 ony drops moving by friday. What does it take to rerate you wa
Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
Tremors are reported. President has announced face talks have resumed what the Afghan Taliban the news came during a surprise visit to afghanistan airbase where he met with present and u. S. Soldiers stationed there has more. The u. S. Commander in chief celebrates thanksgiving with troops a dog room air base in afghanistan a tradition going back to the start of the conflict against the taliban in 2001 but after 18 years its a war washington is struggling to finish and donald trump says hes lies in the hands of the taliban the taliban wants to make a deal well see if they want to make a deal its going to be a real deal but well see but they want to make a deal and they only want to me. You know because youre doing a great job but you know it was they want to make you trouble announced for the 1st time the taliban is interested in reaching a Peace Agreement with the government in kabul this after they released 2 western hostages and 10 Afghan Soldiers in exchange for 3 of their senior l