Dialogue with protesters can resume once the by log violence ends. Pacific shares tumble as a cancel slides. Afterr embattled leader argentinas assets plunged president Mauricio Macri warns against return to a previous regime. We havereatest problem today is that the alternative to the government, the kershner alternative does not have international credibility. Ive been saying this for three nap years. International investors do not trust them. Good morning. Lets take a look at the assets across the world. After the news out of argentina and china. Asianpacific stocks look down more than 1 . After the retreats in europe yesterday in the u. S. After that, in response to hong kong we see the asiapacific index down. Chinas 10 year yield reaching a low of almost 3 . Right now 3. 01 . It had been down that low. You can seals even in china where growth and inflation are yields in china where growth and inflation are higher is down to 3 . Then the sei em currency index falling at concerns ab
Data check for you. Stoxx 600 pretty flat this hour. Fourth of july low volumes waiting for payroll data from tomorrow. Outperforming. Yields areyear certainly worth talking about. Yields have dropped below the 0. 4 level, below the ecbs deposit rate. Weve got gold still acting as a haven above 1400. The dollar index not moving all that much. President trump doesnt like the strength of the dollar. We will talk about that. Wti not reacting positively to the production cuts extended by opec. Lets take a big picture look at what is going on in these markets now. The u. S. Stock market closed for trading for the july 4 holiday. In europe, equities continue little changed while investors search for direction and await u. S. Jobs data. We are joined now by paul markham. Very good morning afternoon, in fact, here in london. Valentin, lets come to you first. It does feel like risk off is back on. Currencies are outperforming low yield ors. It remains to be seen whether that positive feeling wi