Unchanged policy. Coming back from the typhoon slower by 116 points. We are talking about hsbc, one of the laggards here, missing out. The largecaps under pressure, 4819 right now. We are looking. When it comes to dollar dynamics, we did see a stronger dollar, which led to a hit. 379 right. 7 now. The china 10 year yield, we just got the pricing on the dollar bonds. Gold taking a retreat. Brent crude Holding Around 42. Tom lets bring you back to the top story in this region. Xi jinping will bring a major policy address later, in the next 20 to 30 minutes or so. Across the border in shenzhen, to talk about an integrated tech corridor to rival silicon valley. Stephen engle is following the story and joins us from hong kong. Steve, what are you looking for in this speech . Stephen i am looking for a better tagline. They are calling this a chinese socialist pilot zone with chinese characteristics. I think the greater bay is the grander scheme. And xily china wants to jinping with a trip so
Distribute 300 million doses of the Coronavirus Vaccine in india. Says it is paired with an Indian Company to conduct phase three trials in india. A top Indian Health official calls the partnership a winwin for india and the world. In lebanon politicians have missed a deadline to form a new government. The deadline was set by Emmanuel Macron who has been pushing lebanon to an act urgently needed reforms. Lebanons struggling economy took another hit when an explosion killed nearly 200 people, injured thousands and caused losses worth billions of dollars. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories. It is fomc decision day. Unveiling a strategy on inflation. Today they have the opportunity to back up their plan with details as they look to accelerate
Exports from france and the u. K. In what could become a wider transatlantic trade fight. Just what everyone needed. Correspondent mike mckeen is going to break down those details. You missed it right . Terrace man, he is back. The Trump Administration getting ready for another round of tariffs on the European Union. This time legally permitted by the wto which the administration billion ino 7. 5 tariffs because of illegal subsidies to airbus. The initial round only targeted half of those. Ony put in 15 taxes aircrafts and parts, 25 and including Gourmet Foods like scotch whiskey. Also industrial goods like pipe cutters. Now they want to impose a new round using up the rest of the money, they would put tariffs on things like all lives, be your, trucks, beer, clothing. Good news for guy, bad news for alex. Edition jin would get more expensive at the height of gin and tonic season but maybe an excess of supply would help guy in london. This is something called carousel retaliation. They
We will be talking about airlines. Will talking to alexandre de juniac, the director general later ron about whether or not american whether or not americans should be allowed to fly into the European Union . We will talk about the u. K. Quarantine as well, alix. Alix i probably have to pay more for cream cheese and gin. I cannot also going to london. That doesnt seem fair. [laughter] guy the world doesnt seem fair at the moment, but it is reciprocal. One was i last coming to you . Alix fine, whatever. Reciprocity when it comes to tariffs. Weighing on new tyrants. New tariffs. Michaeling at as mckee joins us to break things down. Michael you will have to probably pay more for gin and cheeses. It is hot in london today. What is happening, the u. S. Trade representative in the United States as the Trump Administration got permission withthe wto last october 7. 5 billion worth of tariffs, supporting airbus with illegal subsidies, including the u. K. , even though they are not on the e. U.
You were just talking about times when its okay to sell if youve had gains on some of these big cap tech names. Yeah, im not advocating that this is a get out now moment, i just think that we have had such a good run, there was something that came out on the screen this morning that we are having the best quarter since the Fourth Quarter of 1999 and i just cant be, oh, well, so what, when was that that was a seminole top. Theres been some fantastic runs and i think that sometimes we forget why we own stocks we own stocks to create wealth there was a gentleman on just now, mr. Bailin and he said so many good points, he agrees with me on selling some of the ones that have really moved he would like to rotate into the stocks that havent moved yet. What i am saying is there is no sense for a lot of our investors who watch to rotate into something that hasnt moved when they can just sit and wait with some cash, which is cash has been so vilified and i think that i am not coming in early lik