Products a bid to list budweiser brand in hong kong and Saudi Arabias Energy minister says every country should comply with oil output. Well sit down with the russian Energy Minister later on this morning. A lot going on today also in oil space. I want to take you to highlights from the iea report. The agency has kept 2019 and 2020 Oil Demand Growth forecast unchanged. The latest report describes the newly appointed minister as an experienced figure saying the country has acted as a lynch pen even though the compliance rate has fallen to 116 in august and a recession is on the rise in germany. Saying the weakness in industry is slowly spreading to other sectors in the economy, quote, like an oil slick. Theyve scaled back growth indicators now forecasting 1. 2 growth. Well speak about this more at 10 30 Central European time. Interesting ifo is using the word oil and oil slick there could be potential for things to turn around. Ecb expectations have been prizing. Today, the central bank
Dont mistake restraint for weakness china warns hong kong protesters that its army will defend every part of its territory. That tensions are continuing to rise between india and pakistan over the disputed kashmir region the 2 Nuclear Neighbors are adults over indias decision to strip indian administered kashmir of its autonomy paving the way for the territories complete integration into india that Pakistans Army chief has pledged to do whatever is necessary to support the people of kashmir the Prime Minister imran khan says he plans to take the matter to the Un Security Council meanwhile indias government is preparing to split the indian administered minutes of kashmir into 2 parts and the lower house of parliament has just passed that legislation indian troops have the area all knocked down internet and phone lines are down curfews are in place and local political leaders are detained. We can speak to come out correspondent hes in the south what about thats the capital of pakistan ad
President trump threatens further tariffs on chinese imports. Pres. Trump we have a long way to go. Another 325 billion we can put a tariff on if we want. China and ang about deal. I wish they did not break the deal we had. Anna ursula von der leyen clinches the eu top job. We have issues, but we should never forget we are allies with the u. S. And we are friends. We sit on the same side of the table. Anna plus, asml forecasts sales trade tensions hammer the but dialogue semibeat expectations. Plenty talk about plenty to talk about. Good morning. Matt u. S. Tenyear debt approaches, once again, dipping down into negative real rate. Andsee that across europe the u. K. Already. Even nominal rates in germany are negative out for 20 years. This is becoming a global issue. Interesting to watch central bankers continue to talk about cuts. Down even drive rates further. Leaving more of the World Holding paper. Governmentsgood for if they would borrow and spend. Take a look at futures this morn
Markets have just come online. Grace we are getting down to asias Major Trading opens. The rally on wall street as traders look ahead to the latest inflation print for clues on where the fed reserve will go next. Quick satilla to assets. Bitcoin has tended to go for the first time in the debt after disappointing chinese demand. And President Biden lays out his budget plans as he gives out for reelection battle with donald trump. Lets look at the set up as we get into some trading here in australia. Looking for a pretty mixed opening across the region. A cautious session on wall street. And in inflation data. We are seeing pretty flat trading here in sydney. We are watching some of the commentary from the rba this morning. Talking about some of the caution. Quite a bit of caution across this area. Even across asia. Taking a look at the equity session. We did have the recession for australian stocks in a year ahead of the u. S. Cpi. That biggest loss all year potentially set to extend in
We are up by around 6 10 of 1 on the stoxx 600. The number of down days that it critical technical level. Maybe the right moment has arrived for a pullback. Single stocks continue to dominate. Logitech, mice are having a good time. Logitech has one of its best periods hitting a 52 week high. Up by 10 . Look at whats happening with u. K. Banks sprayed youve got natwest at a 52week low. We will get lloyds tomorrow. Today we get barclays, disappointment on the trading side and the Net Interest Margin as well. Look at that what has look at what that has done to the stock. U. K. Banks a little bit later. Alix this is a positive earnings story. You have Communication Services, real estate, utilities doing well despite the fact the two year yield is up seven basis points. Part of this is a verizon story, the biggest move intraday since 2020. They updates guidance. Two year yield i wanted to bring up instead of the 10 year. We get issuance coming in so stay tuned for that. Dollaryen if you are