Back to an eight day holiday. They are putting much playing catchup. We have gains across the board. Shanghai is up 1. 6. These services pmi rising for a fifth month. The you on getting 6. 73 versus the dollar. This was stronger than expected. This is a weak dollar story. Some yen strength there. The bank of canada governors has negative Interest Rates remain an option. Courts seems like a lot of the action is in the shanghai markets here today given that robust reopening after the eight day holiday. We will speak exclusively to the Everest Medicine ceo. This is 27 right now in its debut in hong kong. The Trump Administration signaling that the administration is again leaning toward a largescale stimulus bill. That comes after nancy pelosi pushed back on the idea of peace for a. She is excepting refusing to accept help for airline without wider bill agreed. We want to help the airline workers. There is legislation that we had ed the cares act that we hope we could continue for the next
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ
Record employment for the for the year of 2019. That is the Silver Lining as well. We are still waiting for new credit data out of china which deadline, within the the 17th of this month. That is when we get to gdp numbers as well. Su keenan in new york. Su lets start with proand antigovernment demonstrators facing off in central tehran over the shooting down of a passenger jet last week. All 176 people on board the ukrainian plane died when it was head by two missiles asked fired by the revolutionary guard. Iran initially blamed technical issues for the crash. Is calling forni a special court to investigate the disaster. The entire world is watching. In the u. S. , the senate is withg closer to a review democrat tim kaine saying he has enough republican votes to pass a bill limiting the president s ability to launch an attack without congressional approval. The news reflect bipartisan dissatisfaction over the administrations very best varying justifications for the drone site strike i
European equities. , bit of a down day to end though it does not seen anybody is taking a huge position ahead of that jobs data. We have stock and bond markets close in the u. S. Yesterday as treasuries get going again. ,e saw a bit of a basis Point Holding at 1. 95 on the 10 year yield. Bund yields are just above that level. The euro is weaker am a down. 2 , 1. 1265 f disappointing german factory data. Coming up, we speak to larry kudlow. Lets get bloomberg first word news. Thousands packing the National Mall to watch president Donald Trumps fourth of july speech. He praised the u. S. Military and American People, but also put himself front and center of the Independence Day celebration. The event included tanks, flyover jets, and culminated in an extended fireworks display. President trump we celebrate our history, our people, and the heroes that proudly defend our flag, the brave men and women of the United States military. Together, we are part of one of the greatest stories ever t
we saw losses accelerating after we got the cpi number, growth of more than 5%, accelerating the faster since october 2011. we have pork prices gaining 116%, and we saw more pressure across the chinese markets. let s get the latest on the markets with sarah ponczek. sarah: another risk off session but benchmarks are off. down near half a percentage point. if you look at where the benchmark was pre-coronavirus, we re roughly 7.5% of those markets. senger, the hong kong hang down 1% were so, the nikkei lower. the s&p 500 futures climbing their way to trade relatively unchanged. this does come after the hang and s&p 500kkei, last week all had their best week since mid-december. let s look at the board. it s showing us a decidedly more optimistic picture, interestingly enough. if you look at the aussie dollar higher today, the best performing g10 currency at the moment. meanwhile, you look at the safe haven of the yen, for example, dollar-yen, you look at the dollar higher versus