Aggressive policy, stocks get a boost. Sellers deal. Ab inbev of is selling carlton united for a 11 billion. And an ipo of its remaining asian unit is still in the cards. And a downed drone. Oil snaps several days of losses after President Trump says the u. S. Has downed an iranian drone. Matt, good morning. Matt we are less than 30 minutes away from cash trading across europe and in the u. K. Take a look first at the 10 year yields. A big debate today about whether the fed rate cut, almost a foregone conclusion, will be 25 basis points or 50. As a result, the yield continues to come down. Up a little bit today. Still, if it is a 50 basis point cut, expect to see the yield fall further. Look at futures. European equity Index Futures pointing up. Dax futures gaining. Cac and ftse gaining also. the markets have faith in the original statements from william. The asian equity market getting a boost from officials despite the walk back. The market buying into the idea that perhaps there is
Youre always here to correct my ademocratic showdown. Candidates take aim at big business, spar over health care in their first 2020 president ial debate and boeing shares under pressure this morning, amid growing u growi growing uncertainty about when the 737 max is going to return to service lets talk markets this morning. Trade continues to be the focus, as it has been for so long it does appear at least according to reporting from the wall street journal that weve gotten a series of potential points from xi as to what his expectations may be. The key one amongst them, certainly tying trade specifically to the treatment of washington w huawei, which has been such an important component overall. We want to get to kayla, who i think joins us now shes with President Trump, whos arriving in japan for the g20 summit amidst all of these questions about trade and the ask and what will be received, kayla. Were just a few miles away from President Trump, who has turned in for the evening. Ap
For equities you got stocks trading heavy bank of america says Fund Managers are overweight. Tech the most since 2021. Is there even cash left to buy any dip here from new york, im alex deal with my cohost in london, guy johnson. Welcome to bloomberg markets. Not as intense as it was a few hours ago, but were definitely seeing a strong up risk off kind of move within the market. Diy and holding up those are two things you never want to hear in the same sentence because it really does. To be honest, im just talking about from personal experience. The consumer thing i think is fascinating. Look at what is happening. You got strong wage data out of the uk, youve got marks and spencer, a stalwart of the british high street, coming out and announcing really strong results on your side of the pond. Home depot back to the to the diy thing. The numbers look good. Yeah. Structurally, i think theres a long term positive story, but what but a couple of things. I mean, one, gasoline prices are qui
and i m chris rogers the other stories on bbc news. several regions of ukraine occupied by russia begin voting in so called referendums on whether to become part of russia. protests continue across iran after the death of a young woman detained by the morality police . her father says they lied about how she died. and some promising news. scientists say a new type of cancer therapy is looking hopeful. hello, i mjoanna gosling, in westminster ahead of the government s mini budget annoncement this morning. the chancellor kwasi kwarteng is expected to unveil tax cuts and increases in public spending as part of plans to boost economic growth. it s not a full budget that s due later this year but it still has some pretty sizeable changes.let s have a look at what could be announced. the chancellor will confirm it will let people keep more of their earnings by cutting national insurance contributions & go through with the plan to cut corporation tax. the government could als
in the past, she was still at the height of her powers and had still many great stories within her. thank ou. dame hilary mantel, who has died aged 70. time for a look at the weather. here s ben rich. good afternoon. for most of us, we have quite a lot of sunshine around this afternoon. with that, quite a cool this afternoon. with that, quite a cool, fresh feel, and one or two showers. as we can see from the earlier satellite and radar pictures, showers have been pushing in from the north west, most plentiful across scotland and northern ireland. the exception to the sunshine and showers rule is across the south east corner, where we have a stripe of cloud and outbreaks of rain, very slow moving. the ray will be a feature in the south east of england perhaps for the next 2a hours. temperatures between 13 and 20 celsius. the rain keeps falling across south east england this evening and overnight. elsewhere, clear spells, one or two showers, especially some drifting across part