Of western digital. Index just a little weaker on a stronger euro today, just below 97. The 10 year yield at 1. 86 . Above 60 a barrel on all of the positive trade talk. In europe, its been a positive day as well, particularly in france and germany, even though weve had some disappointments out of manufacturing readings. 1. 3 ,oxx 600 holding up and he ftse 100 up another 2. 4 . Add that to the 1 plus gain we had friday, we are seeing a nice gain for the ftse 250, which is more to masterfully focused. But alsois stronger, we have just a little but of strength for the british pound. We saw most of that coming in after the election results. We are back down to 1. 33 now. I want to point to the yuan because we are just below seven. The u. S. And china reaching that much dissipated phase one of the trade deal. Expected to release the full 86 page agreement in early january. U. S. Trade representative Robert Lighthizer says several issues remain. Phase one willr be up limited to the last de
We are down 0. 3 on the s p. Back down to 1. 90 on the 10 year. We got up past 1. 95 a little earlier. Disney one of the Better Stories today after earnings, up 4 . Gap up on the ceo leaving gap down on the ceo leaving more than 7 . Guy the president has just been indicating that he hasnt agreed to tariff rollbacks with china. This was always the risk with this rally. Absolutely it was built on a single man risk. If the president didnt agree, you were going to get this kind of reaction. The market is down by 0. 4 . In some ways, this reaction is relatively muted considering this is a key demand from china, that we do see some degree of tariff rollback. The fact that we are only down 0. 3 on what is a relatively big piece of news i think is worth paying attention to. The market may be signaling it Still Believes that a deal can get done, but we have rolled over this news. The president saying he hasnt agreed to tariff rollbacks with china. In terms of the way we are seeing that rippling
Opportunities. The yuan went through seven offshore for the first time in a long time overnight. This, of course, a concerted effort to put pressure on the u. S. Rollback of tariffs, in which case president xi would travel to the u. S. To sign phase one of a deal, or so we are led to believe. Down. The lockup is expiring tomorrow. Some are seeing a net negative, and could be a little but of profittaking. Guy european stocks fading as well, now only up a little bit. It was a decent rally earlier on, but certainly fading, noun by 0. 1 . The euro continues to languish, 1. 1075. Why hasnt it rallied more over the last month . The rand continues to make gains as well. Didnt get a downgrade friday. We will go live to janice berg later in the program to johannesburg later in the program. Reaffirmsxi jinping that his country would open itself up to trade even further. Here to discuss all of this, jane foley, rabobank head of fx strategy. The trade rally has had a big impact on assets. Do you t
Growth, Economic Growth, will we be able to vote in 2020 based on things like this, or will be focused on things like the conversation with ukraine . Michael i think we have the best journalists in this organization. You have every reason to be proud of the competency our organization has. Having said that, the public wants the ukraine stuff, so you the ukrainelic stuff. I would argue that we have given the force estate the Fourth Estate certain predictions so that you dont have to do that. Your response ability is to inform the public of what is going on honestly and fairly, down the middle. Unfortunately, the economic models of most news organizations not bloomberg, because we dont depend on it as a Revenue Source everybody is moving away from the news that the public needs to know to what is the news the public is going to click on. So you take a look at these 5 nowapers that are 1 print and 4 5 click bait, and they are not helping the dialogue. If the public doesnt understand what
President trump talks down a military response. Ab inbev is said to be looking for a valuation half what it originally sought rate asian unit as we worked delays its ipo until at least october. The case against Boris Johnsons brexit plan. The u. K. Prime ministers suspension of Parliament Comes under scrutiny in the Supreme Court starting today. Good morning, everybody. Less than a halfhour until the start of the European Equity trading day. This is the picture on european futures. We just came down a little bit in the expectations for the start of the trading day as far as the london and the german markets are concerned. The French Market looking more resilient. Weakness coming through in the Asian Session. Geopolitical tension, of course, in the aftermath of the weekend. Lets have a look at the gmm and show you where we are. Down 1. 7 on chinese markets. Hong kong markets also leading the fall. This is where the weaknesses is coming through. Some numbers be expectations from singapor