Nejra welcome to daybreak europe. A fourth day of green on the screen for asian equities. Donald trump has talked about being in the final throes of coming to a phase one deal. A mixed picture below the surface. We are seeing a weakness in chinese equities, after the biggest drop on industrial profits on record. The u. S. Benchmark hit record. The fx, the aussie is the underperformer in g10. A two rate cut call for the rba. Some poll showed yesterday that the conservatives are narrowing their lead over labour. Oil slightly off on the back inventories. On donald trump says the u. S. Is in the final throes of a trade agreement with china signaling progress on a deal that has been years. Works for two but in a interview with the fox news host, trump said he is holding up the trade deal to ensure better terms for the u. S. Joining us is Patrick Armstrong. We keep hearing records on all u. S. Benchmarks, does it surprise you . Patrick it is a narrative that that is why we are hitting new fe
Overshadowed by allegations of sexual assault. The Prime Minister denies those allegations. The u. S. Ways place down turnt, but asian stocks lower. The king of ipos, ab invevs Budweiser Brewing unit surges on its first day of trading in hong kong. Breaking the trend of lackluster debuts party debuts. We are 30 minutes from the start of european trading. Take a look first off at the treasuries trade in my terminal. This is a threeday chart. A big spike as investors are selling the debt. The question is, what does that mean . Are we looking at more of a risk on session now . If you look at futures, there is still a very mixed picture in terms of what we see happening in german futures. They are up a little bit. Dax futures are down a little bit. Really not a lot of indication as to the direction we are going to see. Up for moreing Political Action today as the conservative conference. Anna absolutely. Let us remember this has been an event that has moved markets. We have Seen Movement i
Anna dealing with deceleration. Chinas economy slows to the weakest since the 1990s. Flat. Er ipo goes ab inbevs asia unit pulls its share sales. Its stakes to boost in of the belgian company. Program. Ack to the matt it is a pleasure to be back. Futures slightly gaining across european equities. We had asian stocks pairing closed, chinahas doing well with a weaker gdp rating for the Second Quarter. June data points higher. Dax futures up 0. 2 . Cac futures 0. 1 . Ftse futures unchanged. Anna you are away for a week and im sorry, we dont have anything more exciting for you to return to. European equity markets and asian markets, you can see the top line. To get more exciting. We hear from jay powell. There will be lots to talk about. There is lots to talk about as we prepare you for the week ahead. Asian equities and in particular chinese equities recouping losses on the back of data coming out of china. New zealand dollar, quite a lot of trade between new zealand and the aussie dollar