Saying the u. S. Is winning the trade war with china, but the u. S. Deficit is set to balloon. Toeing Warns Companies to the line if they want access to the mainland economy. Get you started with a quick check of how markets closed the window session. Stocks were higher. They pared back some earlier gains. The s p 500 ended. 8 higher with every sector on the s p 500 and the green. Retailers were also hired. Today, we saw the bloomberg retail index at a threeweek high as we saw some positive s and target, lowe not to mention we saw that rally after we saw home depots stronger second half. That theyes signaling were ready to ease but not really hinting that this july rate cut was the start of an easing cycle, so twoyear treasury yields rallied. Treasury yields unchanged at the moment, so lets see where we are starting out the asian session. Sophie we are setting up for potentially positive gains with more earnings on tap for the region as well. We have a new zealands report card to consi
For the first time, and j. P. Morgan strategists move up their prediction for subzero 10 year yields to 2021 year clueless, donald trump attacks jay powell saying the fed is holding the u. S. Back from big rewards and games, we will win, he says. Maersk ceo sounds a negative note on the Global Economy even as the Company Beats estimates on operating profits for the Second Quarter. Good morning and welcome to Bloomberg Markets european open. We are looking right now at a safe haven bid that continues across assets. To the levels we have previously seen. The japanese yen the past three days, it is that it is at 105. 97, but not at the levels on tuesday. This leads me to believe duration is what investors are looking at. Futures, a bit of a bouts in terms a bit of a bounce. The ftse futures are up a little more than 0. 25 . The u. S. Government bond market is sounding recession alarms. Risk year assets jeweled the 30 year bond yield to a record low inversion. U. S. Stocks suffered another
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to get a cbi data from singapore. Thise checking on the end m
Earlier on, up by 4 10 of 1 . Not the reaction draghi would have been looking for. The banks initially traded higher here in europe. Draghi is talking about tiering. The banks have wanted to talk about this for quite some time. The banks completely turned around, as did european equities, now down by 4 10 of 1 . Vonnie it is mainly about earnings in the united states, so to give early fx and bond traders watching closely so particularly fx and bond traders watching closely. Earnings. With the cofounder is leaving, but also it is losing 1. 12 per car sold. That really didnt endear itself to investors. The stock is down 13 now. Ford having a pretty negative quarter, its turnaround strategy hitting the pause button. It is down 7 . Bank takingcentral down the Interest Rate by 425 basis points today, indicating there would be more cuts to come. The Interest Rate is still almost 20 , but traders seeing an opportunity for carry here, and that has the lira stronger. Guy lets talk about the ecb
Investors and say it is a lowquality success. Talking trade again. To u. S. Team may have beijing for new facetoface negotiations if talks go well this week. Shery lets get you started with a quick check up on how markets closed on mondays session in the u. S. Ending slightly higher at record highs. We had a tech rally in the nasdaq gained. 2 . Energy sector and Financial Sector weighing on the s p 500, but aboved unchanged the 3000 level. We had citigroup of course reporting earnings. Theyre treating revenue their trading revenue missing estimates. Every member was under pressure in the session. Japan returning from a long weekend. What is the setup . Sophie nikkei futures in whileo trading flat contracts are falling in sydney and seoul. Gains, withresuming the nzx 50 attempting to breach the level again. The kiwi dollar is holding steady, holding onto the overnight gain as the Inflation Report reinforces the case for the rbnz to cut rates. On the central bank front, the rba polished