Significance as tension between the u. S. And china escalates over hong kong and the South China Sea and a major hike of twitter fake messages appear on some of the most followed accounts including bill gates barack obama and iran mosque. China has become the 1st major economy to report growth since assad of the kovac 19 pandemic official data shows its economy grew at an unexpected 3. 2 percent in the 2nd quarter after shrinking the most in nearly 50 years while some industries are nearly back to normal Consumer Spending is still down. The epidemic is still spreading faster overseas the restart recovery of the World Economy and trade has been very difficult domestically the recovery have to modest slowed the pressures of stabilizing and surprises and safeguarding residential employment a huge katrina you is in beijing for us joins us now live some unexpected numbers katrina growth much better compared to the rest of the world in china what is driving this. Well the authorities here sa
No huge moves just yet. We will give the market time to digest that. Once again, the bank of canada cutting 50 basis points. A little trepidation given the heating in the housing sector. Lets move to the u. S. Picture. We are getting a bounce today, and you can be sure that Services Data is going to do nothing to do away from that. The Health Insurers are at the top of the pack, up 12 for some of them, this after the super andday results showed Biden Bernie Sanders can for the democratic number nation. The 10 year yield at 96 basis points. We got as low as 90 points in the basis in the u. K. Session. Crude oil bouncing back about 2 . I believe we have a fiveday chart of the 10 year yield to give you an idea of where we have been for the last five days. We will get to that any moment. What is going on in new york, guy . Guy we are up 0. 9 on the stoxx 600. Utilities are leading. A defensive story when it comes to equities today. Feels like a risk on blowout we are seeing. The german ten
Were the u. S. And china were expected to sign a partial trade deal. Alltimeks hit an high. Apple, lift, and facebook, all top earnings estimates. The start of trading begins in asia. The start of training in sydney trickling online. Trading has already been underway in new zealand. Weekve policy stocks in from the of it. New zealand trading flat at the moment. The kiwi dollar has been on the move. Higher after 1 west bank said the rmb would pause from november from cutting rates. Centralbank action is the name of the game as investors and asia decide for the meaning of what fed chair powell said overnight. It was a hawkish cut, saying things would stay on hold until the material changes to the Economic Outlook. In his press conference, suggesting inflation is key as to whether they would be any hikes down the road. That does not look likely at the moment. As wes looking positive go into a bank of japan decision day. Shery we have south koreas Industrial Production numbers jumping 2 af
And the new imf managing director. Warm welcome to bloomberg daybreak europe. Lets get you straight to the markets. 8 companies have been put on a blacklist. Everybody is going, who cares . Deal,obability of a trade make up whatever superlative you wish to choose. The twoyear Government Bond yield i find fascinating, up by six basis points. It was the biggest move in three weeks. Why . If you take Esther Georges comments and Eric Rosengrens mmments, it does not atter what Neel Kashkari thinks about keeping your foot to the floor. He is not voting. Lets roll it over, because betting away risk is personified in dollaryen. Dollaryen, weve got a lovely note from j. P. Morgan. Yes, yen is lighter on its feet this morning. You see the dollar up, yen down. Struggling to get through that 106 level. If you think about the currencies that are essentially ground zero for trade, it is trade wars, i should say, it is aussie on the trade and new Zealands Central Bank has been most forward acting. Le
Statues of course the people in an indian town luxury to have a jumbo jet off on your roof. Im still gale welcome to the program now ever since the year at the peak of europes migration crisis in 2015 d. W. Has reported on the dangers facing migrants the same time to escape their home countries and on the treacherous sea crossing to your so that we bring you the story of a woman who boarded a boat near tripoli and a homeland of libya after nearly drowning off the libyan coast she and her young son made it tumultuous main port of. Now there in germany adapting to the challenges of a new life this is an extreme story. Close the super let live in. Blue for how the earth and that i did in the candy how to feel better than you can does she feel. How at the alamo how i let the only can we could it will come somehow at our shop how letter left us she left in the natural so i learn the can feel more the hope of so are a little fee. For guns are brought in then a lot of met in the hard core who