Then we speak to the ceo of one of the biggest providers, csop. Haslinda lets take you to markets, where avril hong is on top of developments. Stocks and bonds getting sold off, investors adopting a wait and see attitude. There is a lot to read through today, so bear with me, as we saw that set up from wall street. It was a pretty flat close. Today asian stocks are mostly over save for japan and china. For different reasons. In china, we have seen tech and property rebounding. Property as it scraps homebuying restrictions, and the idea that other tier two cities will follow suit. Thats also boosting the commodity iron ore, those prices ticking higher. In japan, the likes of an earnings release, and we got the news about the share buyback. Those are among the individual names lifting the japanese benchmark. But were also seeing the selloff in bonds, after a 10year treasury auction, and the yields in australia, as well as new zealand, you are seeing big moves about 6, 7 basis points. Don
These are your markets and we see a little pullback when it comes to european stocks, down by 0. 2 . S p futures gaining 0. 8 . The further correction we saw overnight is putting a little bit of anxiousness out there on the market. We spoke to a lot of market artisans and they say, look, it is too soon to see if the situation will stabilize. We will look at the opening of the was market to see if there are any tensions there. Its just too soon to make a call on whether or not the markets will be quiet right now. That is what we will discuss throughout surveillance. We will keep you updated on all the action throughout the morning. Plus, we speak to Iain Duncan Smith about how long theresa may can hold onto power. We also have an exclusive interview from milan. And later on, we hear from the chief executive of loreal. First, to the bloomberg first word news. U. S. Senate has passed a budget bill. That is as lawmakers seek to end a partial Government Shutdown that began at midnight local
Heads of organizations. This hour, we will also be speaking to one of the biggest names in private equity, jon moulton, and then later Nicolas Dufourcq. Overall, stocks in asia seem to be dropping a touch. European stocks were mixed and bonds rising as investors focused switching back to Central Banks. Several policymakers were cautious about raising Interest Rates again this year. The dollar weakening a touch, you can see. Thats your business flash. Lets get straight on to the bloomberg first world news. Nejra donald trump has said he will announce whether or not he will decertify the iran nuclear deal, quote, shortly. Thats ahead of the deadline this sunday. Trump has called the agreement a badly negotiated deal. Has denied ever calling for a bigger u. S. Nuclear arsenal. His comments came response to an nbc report that he had asked for a tenfold increase in u. S. Nuclear capabilities. He also questioned whether the broadcast license should be taken away from nbc television. Ofbrusse
Battlefield to the internet and called for cracking down on the extremist activity online. The pentagon is planning the firstever intercept test to stop an intercontinental range missile similar to that being developed by north korea according to the associated press. The test is set for this month. The u. S. Successfully tested a groundbased Missile System on its intermediate range missile three years ago. Working with targets to replicate the speed and trajectory of missiles could highlight the increasing threat. President trumps soninlaw is focused in that investigation into russian meddling in the election. Investigators are looking into meetings that Jared Kushner had with the russian invested her and the banker from moscow. Senior white house adviser. One of kushners lawyers said he will share what he knows about the meetings. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloombergs world he
Business confidence is plunging. Haidi more disappointing news from the factory floor and japan , machine orders slumping, Producer Prices staying flat. Rishaad the long and short of it, hong kong stocks being targeted by skeptical researchers. Of course all this Political Drama, the British Election, james comey and his testimony to congress. Having a look at gold. Start toshed in and buy gold at times like this as a haven play. This is 502, a look at the last three weeks. Have had three weeks of gold prices falling. Never mind if you look at gold in sterling terms, but gold is priced in dollars. We could be heading for a negative fourth week third week for gold as well. Haidi thats right. You mentioned that excellent point about gold being a currency play. You look at this chart. It is showing that correlation of the prices metal priced in sterling gaining 2. 2 after that calamitous result in the u. K. Of election. That is very much isolated when it comes to bullion nominated in ster