Anna the u. S. Urges an immediate ceasefire in syria after sanctioning three officials and hiking tariffs. Week. Is possible this a positive tone on brexit in contrast to the overnight negativity. Wall streets biggest banks report, jp morgan leading among rates and trading concerns. The entanglement with wework is in focus. Matt we are getting those headlines from Michel Barnier, boosting the pound a little higher. We are looking at 126. 74. The optimism is therefore a brexit deal. It will be crunch time now, a few days away from Super Saturday sitting a parliament. We will be watching every development closely. Grip each headline. Futures are up across the board. Yesterday we had wobbly trade in terms of the cash market. European and u. S. Indexes did close lower at the end of the day. We saw a rally in tokyo. Now we see futures rise. Ax futures up 0. 75 this is a significant boost. A little drop yesterday did not come close to erasing 4 gains last week. We have seen real gains across
The pboc sets its daily reference rate past seven dollars for the first time, but risk assets gain is the number is stronger than consensus. Oil bounces from a sevenmonth low as the kingdom calls producers to discuss a response to the slide to the bear market in oil prices. As european earnings season continues, we will speak with the ceo of adidas and the cfo of merck. Matt good morning. Less than a halfhour away from the start of equity trading. Take a look at the 10year yield. Do you believe what the bond market is saying right now . Dropping below 1. 6 in yesterdays session. Is that forecasting a recession to come . Take a look at futures. They are indicating that the number is no. We see futures turning higher. Interesting that futures are trading higher across the continent and in the u k, as well. We are prepared to get some of the biggest exdividends on the index. Astrazeneca, unilever, some really big weights on the stoxx 600, watch for them to drag on the index gained today.
We also had gains in yuan lifting currencies. You can see the u. S. 10 year yield at 1. 72. The fixing at 7. 04. We are getting breaking news out of the philippines, another central bank that needs to do something because of the world economy. 4. 25, cut the key rate to following india, new zealand, amongst others. Coming up, we hear from the chief executive of adidas about trade wars and global demand. Now, lets get straight to bloomberg first word news in new york city. This morning, oil is rebounding from a sevenmonth low. Looks tos saudi arabia stem the slide and processes in prices. Bloomberg learned react will not tolerate continued price weakness as oil has been driven down to the worsening trade work and a surprise increase in stockpiles. Pakistan suspended a trade with india and downgraded diplomatic relations after new delhi revoked decades of economy for the disputed region of kashmir. Islamabad says they will take the matter to the united nations. India says the issue is an
At 53 basis points and well discuss. David . David time for an update whats making news in the business world. Good morning, emma. Emma 40 People Killed and dozens wounded this morning in the suicide bombing in the Afghan Capital of kabul. Explosions walked the center and afghan news organizations. Interior Ministry Spokesman said the exact number of attacker is unknown. Islamic state claimed attack. Bility for the in the u. S. Secretary of state Rex Tillerson written an oped defending u. S. Foreign policy under donald trump. He lauded the attack. In the president s move against north korea and Islamic State in his first year in office. Tillerson wrote, quote, in spite of the challenges i remain optimistic about the power of diplomacy to resolve conflict and advance american interests. President trump rejected reports earlier this month he was about to replace tillerson. Nd the u. S. Endured 15 weather related disasters costing 1 billion or more through the month of october. According
Least key sectors, and some Technology Issues taking it briefly at this time yesterday on the chin. Coming back a little bit. We have Charlie Gasparino here, we pot Connell Mcshane here, and the wall street journals shelley holiday. Shelby, it is more than a drip, drip, drip, but steady flow of companies doing this sort of thing and they all peg what is happening out there directly or indirectly that without these tax cuts they wouldnt be doing what theyre doing. What do you think of that. They do have more cash but they can do this the labor market is tightening. Theyre underpressure to boost wages. Treat employees better. Do the top talent. It is a winwin with businesses an trump administration. Yeah their tax bills are a lot lower. Businesses like to be in the president s good graces. This is easy winwin. Neil one of the interesting things looking back and forth how unexpected for a lost workers at companies, when they hear about it, i saw one story where home depot worker was, hadn