The idea behind it, why are you going to fund Chinese Companies that wind up competing with u. S. Companies . That is potentially now on the table ahead of these trade talks. No doubt that is going to have an effect on the markets as we keep getting a lot of headlines creating difficulty with u. S. And china. 0. 8 , rightnow down around the lows of the session. Take a look at other Asset Classes. It is a move into safety. 106 on dollaryen. Yields in the u. S. Down by four basis points. It is a risk off day. Lots of tangential headlines are now setting the stage for contentious trade talks between the u. S. And china. Lets get right to it here. Its time for global exchange. We bring you todays market moving news from all around the world. Joining us from hong kong is enda curran, from london is emma chandra, from brussels is maria tadeo, and in denver, michael mckee. Lets kick it off over in asia. We begin with china, where the u. S. Has blacklisted eight Tech Companies on accusations o
If we get a currency pact, maybe we see a weaker dollar. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london to washington, this mornings top stories. We start off with china. After decades of waiting, china is setting out a timetable to remove its Foreign Ownership cap on financial firms. On the phone from hong kong is bloombergs enda curran. What does this actually mean . To wind is a roadmap they can fully take over their operation in china. Theyve been pushing for this for years. It will begin next year. Its just the latest step on chinas part to attract more foreign capital into its Financial Markets, to buy more stocks and bonds, and that is a good thing for their companies. The timing is hardly coming to dental, coming in the background is hardly coincidental, coming in the background of trade talks. It remains to be seen whether and how quickly these approvals are granted to foreign firms. Alix now i want to t
Bond market in the u. S. , as well as in europe, particularly in germany. Time now for global exchange. We are going to bring you todays market moving news from all around the world, from hong , newto tokyo, to milan york and d. C. Chinese officials are casting doubt on a longterm trade agreement. Running the is enda curran. What did we learn overnight . Of just is a reminder how far both sides have to go before we reach any type of deeper, comprehensive trade agreement. The signals from beijing that our colleagues reported today are that china will want to see the u. S. Move on tariffs, to roll back tariffs and take away the threat of new tariffs. China has its own red lines around industrial and economic strategy, and theres a question of durability. Chinese officials are unsure how committed President Trump will be to any trade agreement. The signals seem to be that we are on track for some type of interim agreement, but the Bigger Picture hasnt changed. Both sides are dug in. Alix
Can see Global Growth fears permeated throughout the market. Time now for Little Exchange to bring you todays market moving news from all around the world. Joining us from hong kong is bloombergs enda curran, from k, and is seb sale bloombergs david wehner is here in new york. We start with the latest trade of element. Soy prices go nowhere even after the Chinese Government gave waivers to buy from u. S. Companies without being hit by retaliatory tariffs. What is the significance . Adds to thek it mood music that both sides are showing a bit of good will to get these talks make some progress. We are talking up to 3 million tons of soybeans that would be three of tariffs for chinese buying from u. S. Sellers. This goes to the heart of Donald Trumps constituency, and china has said to the state media they are willing to come to the table on that side of things. Both sides are at least trying to make the talks work to get to the next level. That comes on october 10, would chinas vice prem
We are seeing a markets trading sideways. A lot of the focus is on potential risks and the potential headwinds that could hit the markets quite hard. A lot of it to do with geopolitics. Keep an eye on the u. S. China trade talks. You can see the stocks europe 600 gaining. A similar move for the s p 500 futures and the 10 year yield is at 1. 54. Coming up, we will be speaking to the shell chief executive. Dont miss that exclusive interview just after half past 10 this morning. Lets get straight to first word news in new york city. Balance sheet growth resumes for the Federal Reserve chairman Federal Reserve, chairman Jerome Powell says dont confuse this for qe. In no way beuld confused with the largescale asset purchases. Neither are the recent technical issues nor purchases of treasury bills we are contemplating to resolve should materially alter the stance of monetary policy. Chairman powell also hinted at the possibility of another rate cut. He was confidence the economic expansion c