A bit demick which seems to be driving an increase in the chinese inflation rate and this unusual rise in fresh fruit prices by nearly 27 percent in may. Its important because the food prices are. Very visible to Chinese Consumers and Chinese Consumer confidence can be affected negatively by these kind of dramatic spikes. On the swine front one of the things through realize is that the Agricultural Sector in China Remains extremely fragmented there are literally millions of small farms and small produces across china and so while beijing has done a very good job of developing National Standards for food safety the level to which an Inspection Service exists across the range of provinces in China Remains limited and as a result enforcement of the standards at a local level on behalf of Consumer Protection remains somewhat weak. As a result you have these outbreaks which are not necessarily nationwide in scope of this point but they are sport outbreaks which end up disrupting supply chai
Time for discussions to get back on track. Do i think this is going to devolve into a full trade war . No, i dont. Because theres too much selfinterest in keeping this thing on the rails. Matt the roadmap to 2 . Bond traders see trade escalation sending 10year yields to the 2016 lows. Pimco tells bloomberg credit market risks are at an alltime high. 5g comes to london. Preparing to roll out the next generation data service. Tmobile urged to create a new competitor if it wants to merge with sprint. We are less than a halfhour away from the european open. Lets take a look at futures. We had a mixed trade in asia, but it is looking more like a risk on session in the u. S. Or like it will be in a halfhour. Cac futures are up 0. 5 . Lets take a look at the gmm screen first off here. We can see the mixed trade in asia. Singapore down. Malaysia and philippines up. We did see drops in the chinese, especially the shenzhen and the csi 300. We saw gains in taiwan an. The forex picture here. You a
Nejra good morning. Welcome to daybreak europe. Lets take a look at how the u. S. Equity market might look. Futures pretty much flat after the may benchmark closed flat yesterday. The 10 year yield slipped a little. Taking a look at how European Equity markets might open in just under two hours. Three days of gains for european equities. We are slipping on futures after the swiss market index hit a record in yesterdays session. Oil on the back foot, plunging a bit after we got some signals on rises in inventories from the api data. The turkish lira slipping a touch of ahead of a Rate Decision today. Bloomberg economics expects no change to that benchmark rate. Lets get a check on the markets in asia. Juliette saly has more. We are seeing red on the msci asiapacific index. Whats going on below the surface. Surface . Juliette the stock rally fizzled followed what we saw on wall street. Have a look at hong kong. These protests continuing. Down by 1. 7 in the afternoon session. The hong ko
Stitch fix is having its first trading day doing, well lets see, it started out higher it did dip below the 15 ipo price. Its just above that level right now. Does the Subscription Service have ha what it takes to take on amazon a you know there are 2,000 companies in the same business essentially. Im shocked that its that high, actually. Birch box does makeup, and my favorite is the one called bark box for your dog they send treats and other fun things each month. Sounds like its right up your alley i guess President Trump said that he was focused on fair and reciprocal trade in asia during his trip overseas. Larry kudlow is going to weigh in on what that could mean for wall street. And whether investors should be concerned. Larrys not real hes not exactly seeing eye to eye with the president on trade issues ri right now. Thats for sure. We begin today with media merger talks heating up, sources saying comcast and 21st century fox, some of foxs assets and the cable giant, comcast, may