The hang seng was down more than 200 points. Talked about the violence that erupted overnight. We will talk about that later on. Strongerr seems to be on the back of asia fx currencies, like the south korean won. We saw the export and import numbers from south korea for the first 20 days not looking pretty. Chip exports plummeted 30 . Royal watching rick rude brent crude. Political tensions between the u. K. And iran. The latest on the strait of hormuz. We are seeing a mixed decision see yieldskets higher. Some of the boards will show you what we are watching out of china. All of the love has been in shanghai. The less rest of china is overlooked. Csi down 4 10 of 1 . Shanghai shares of lowered by close to 1 . Shenzhen and the chinx, i the liquidity is getting sucked out. , the liquidity is getting sucked out. Unofficially, what we have done at bloomberg is put together our own it inhouse custom index. It is based in market cap. Overall, we are up about 75 today. You do see why that is
Currencies losing their luster. Lets have a look at this chart. This is telling you about the damage that has been done to some extent with regards to china. Ofs is what we have in terms official pmi. The large ones going into negative. Overall, that is everything. Showing contraction here for companies. More company pmis. All of these have entered into negative terrain. They inhabit. Lets get Market Action. What are you making of all of this . What about this deal . The g 39, i think we get that risk doing that you would have anticipated. A lot more to run. I think market is missing the point. It has nothing to do with the g20 that we had over the weekend. Fed cuttingout the cycle that we are about to get into. That,d with regards to was it a case that we got all of this dovish language, looking at the damage done by this trade conflict . Maybe they will dial back on that dovish term . That is obviously the risk. It is just a perspective of when, rather than is. There could be a lot l
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to
All passed, deutsche the only surprise. New problems for boeing. A new fault is found on the 737 max 8. An issue said to be on other claims of the fleet. Shery todays big story, betweens meeting President Trump and xi jinping will happen without preconditions. Yvonne man is in osaka. It seems everything is on the negotiating table, but everyone we speak to dont have high hopes of a breakthrough. Yvonne some are saying this is of what was said, a ande truce between japan china. A lot of doubts that perhaps things could be status quo. The wall street journal yesterday reporting china is demanding that the u. S. Lift its export ban on huawei to reach an agreement. That could be hanging over these negotiations saturday as well. Before the big meet between xi and trump, a lot going on in the first day of the g20. You showed pictures of Angela Merkel just arriving, Vladimir Putin expected to come down as well. There are questions about the bilaterals today, the key one is President Trump and
Standing declines. Airbus orders takeoff leaving boeing by 30 billion to zero. The ceo. Kathleen lets take a quick look at how the u. S. Stocks ended the session. Modest gains. Modest gains better than none at all as trade wars tensions swirl. Across the board for the dow jones industrial, s p 500 up fractionally. 22 points on the dow. Three points on the s p 500. It was the nasdaq that had the best performance, up 6 10 of 1 . It was based largely on the faang stocks. In particular, facebook saying it is getting ready to unveil a cryptocurrency. Investors like that. The s p futures are indicating positive ground to be taken. However not as much as i was an hour ago. As for treasuries, interesting Economic News showing more signs that a trade war is have an impact. Treasuries ended at 2. 09 on the 10 year. Close to the 2 yield. One from the National Association of homebuilders saying it looks like tariffs are weighing on the prices of building materials. We also saw a Manufacturing Inde