Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
Volatility . Time now for global exchange, where we bring you todays market moving news from all around the world. From london to frankfurt, beijing to hong kong, bloomberg voices are on the ground with this mornings top stories. Want to start in hong kong, where the high court is set to allow the government to reinstate a law banning protesters from wearing facemasks. Earlier in the week, the court ruled this very law unconstitutional. Or Bloomberg China editor leigh joins us on the phone. Came after chief executive carrie lam imposed this mask ban last month by invoking a colonial area Emergency Powers for the first time in a halfcentury. The court struck it down earlier this week and said it was unconstitutional. It has been flouted by protesters who continue to wear masks to shield their identities from police. This comes ahead of sundays district elections here. They are not only a lowkey offense come up at time they are happening after more than five months of protests and a coup
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
Surveillance. I am Francine Lacqua. These are your markets. The one to watch out for is remember the is remember the. We are seeing stoxx 600 down to 6 . Eurodollar 11133. We are getting Euro Area Services for the month of july. That is pretty much what we are expecting. You can see that this move is also having an impact on s p futures, down from 1. 1 . A sick resources are the ones losing the most. Basic resources are the ones losing the most. , we will have plenty more from your markets. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana china is asking its businesses to suspend imports of u. S. Agricultural products. Firm will wait to see how trade talks grass. This coming after trump escalated tensions last week. He proposed tariffs on another 300 billion of chinese goods. 30 are dead and many more wounded in the attacks that happened in ohio after two Mass Shootings in the u. S. This Weekend Hours apart. The shooter in up also had in el paso
Andrew wilson from Goldman Sachs asset management, we get his call for the coming year. Fx head of global strategy. First things first, we are getting a little data from Euro Area Services pmi falling 53. 1. A little less than analysts forecast. Manufacturing rising more than expected. This is the picture of euro markets. Vix. W you fix because a lot of people saying we dont know much. Brought up the bloomberg dollar index. Eurodollar one. 1. 05. Here iss sebastian. The japanese president hopes for a breakthrough over a seven decade territorial dispute. The soviet Union Invaded the islands at the end of world war ii, expected to top the agenda at the meeting in southwest japan. The meeting will head to tokyo for talks on Economic Cooperation. New york may be the winner from any brexitdriven activity from the Financial Services of london. The house of Lords Eu Committee reports unless negotiations on both sides are pragmatic, jobs could go to wall street rather than paris and frankfurt,