Watching from asia. Welcome to bloomberg surveillance. You are just getting that decision from gorgeous norges, this is an interesting rate on how to set Interest Rates. A hawkish stance because of weakness in the national currency. But given the rest of the world is much more dovish and weaker President Trump putting pressure on the fed to cut, it is interesting if you are one of the lonely banks out there that wants to hike. Overall, european stocks are unchanged. , which gave sold much fear and anxiousness on the markets, currently stabilizing at 2. 01. Will have extra checks throughout the day and more on the inverted yield curve. Coming up, axis of conversation with Philipp Hildebrand, the blackrock vice chair. And exclusive conversation with Philipp Hildebrand, the blackrock vice chair. Lets get straight to bloomberg first word news in new york city. Warren buffett has upped his wager in amazon. Hathaways stake in the ecommerce giant rose 11 in the Second Quarter. It is now value
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
I am the senior president for asia and japan chair here. Before we get started we have to do a brief safety announcement. About 10 fourstar admirals and generals in the room. This former boy scout will be in charge if there is a need to evacuate. We will head out and had around the corner. We will head out the back. We have simultaneous interpretation. There should be headsets on your chair and if you have any problems just wave and somebody will come help you. Leave them on the chair when you are finished. Then weake them home will send the new Defense Force Rapid Deployment force to your house to retrieve them tonight. Eight here to hear from distinguished former flag officers from the United States and japan who participated in this years u. S. Japan military stasis forum which was established by the asiapacific initiative. We will tell you what we have been up to the past couple of days. Is very wellknown in washington and around the world. He is an awardwinning journalist, columni
Yields, lets look at how the bond markets in asia are looking. Boj stepping in to stop the slide in yields. Yields have been below the target of the boj. How much can the boj do . It cut its bond prices by ¥30 million today. Will it do more . Stimulus over the next six years not helping. We have new zealand 10 year yield below 1 currently, ann australiad 10 year yield below one as well. We talk about inversions of two and 10s, it looks like asia may be looking at the same phenomenon. Some are looking at singapore and australia to experience those inversions. Yvonne lets take a look at india. We potentially could see a catchup rally. We are seeing that in the cost the already kospi already. The nifty closed up 110 of 9 . 10th of 1 the rupee at 71. 44. We heard a speech from Narendra Modi heading back at critics on his decision to revoke kashmirs autonomy. Impact talk about the that violence has seen on the economy. Lets get to first word news. China has slammed looming u. S. Tariffs, s
In iraq and beyond. Because trying to trolls themselves it sets right to unity try to iraq and offer truckee and also to syria so why should. You know. As the debate continues over exactly who and what motivated this attack there are 3 grieving families waiting for police to track down the people who killed their loved ones natasha going to aim aljazeera erbil. And so had al jazeera he came to office promising to clean up South African politics so why is president sir Cyril Ramaphosa now under scrutiny. And after a 25 year legal fight for compensation a Century Court rules on a sorry disaster. Or the season floods in china are finally taking hold they could be virtually anywhere i think the concentration in the next day or so was like week one dong for john properly gone she is well you can see from the white sox but as an interruption to this general rain pattern with a Tropical Cyclone east of shanghai heading towards south korea so the forecasts and is a little drier than it might b