Into 20 20 into an effort to counter the u. S. Shale boom. Italy agrees to cut budget plans to fit your rules but the lock conflicted still over who should be president. Welcome to the program. The European Equity markets opening up in 29 debts. Lets have a look at pictures. After positivity, a slightly different picture. We are expecting to see some modest gains at the start of the trading day. To theyoking at the gmm were closed yesterday and they in reacting to developments the truce in the trade conflict between the u. S. And china. More mixed and we do have weakness coming through in a number of emergingmarket currencies, certainly in korea. That is part of the story. It would be difficult to follow on from the bullishness. A new record high on the s p. President trump says talks with china have restarted. That was a positive story. Details from the u. S. To we will get that story. U. S. Equity yen and futures and treasuries a little bit. Dollar andge in the the trading day. Lets
Your equity market slightly negative on the s p 500 for the second or third time this week, waking up and looking at china. To the data and commentary around that economy right now. New loans extended on chinese banks ranging to the lowest since 2009, there are concerns about what is developing in the worlds secondlargest economy. Tom you look at the income statement dynamics and the Balance Sheet statement dynamics. I agree. I believe i mentioned this the day before. The flows on the Balance Sheet in and out are what matter. This is fbi from us to them off a cliff from them to us. Maybe not a cliff, but it is down. Jonathan the data dropped in the last hour. The response clear from many on the south side. Stop gin weighing in. We will see. We have not seen it. Lisa what kind of stimulus when they are concerned about debt load in local governments . If they want to move away from leverage and create a more sustainable economy, how do they stimulate the economy where you look at these l
For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we
Taiwans dominance of the Global Semiconductor industry. Around 60 of Global Semiconductors and 90 of high chips. But economic success has not been felt. So william lai has to address the Younger Voters concerns overjob voters concerns over job opportunities, voters concerns overjob opportunities, affordability and in general the higher Cost Of Living in taiwans. So he has also got to maintain taiwans competitiveness in the Technology Space and also dummett also has to address the energy challenges, Ageing Population amongst other. Certainly a lot on his plate on the domestic front. 0n the international front, the domestic front. 0n the internationalfront, he does not have to look far for a challenge as well. How do you see his relationship with china and how do you think you will manage it considering china is one of its key trading partiers dummett partners. Badgings reaction to dummett partners. Badgings reaction to taiwans dummett partners. Badgings reaction to taiwans election | re
York police have made arrests at columbia university, where propalestinian demonstrators had barricaded themselves in the building. Columbia says it asked police to clear all and cannons and maintain a campus presence through at least may 17. Mayor eric adams says students and other protesters should continue advocacy through other means. He says the party is balancing a right to protest while keeping other students, the school and city safe. Lets look at markets, starting with commodities as we see oil prices extending their declines from earlier in the week. Brent futures around the 85. 60 handle, brent crude at around 81 per barrel. We are seeing healthy geopolitical risk premium continues to fade. In the currencies, the story is one of Dollar Strength as investors ramp up thats ramp up bets toward hawkish. Japans stockmarkets are returning from the lunch break, it was risk off in the u. S. And there is a trickle through into the asian session, we have many markets shut today. The n