Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
Selassie. Gretasamberg tells says the future has been stolen by greed and arrogance. It is the monday trading which has concluded in the u. S. Lets get a quick reminder of how stocks ended the session. It was a welcome conclusion to see the stocks pretty much flat after a bit of a slump on friday. You can see the s p 500. 0. 1 , butu call down pretty much flat across the board. 2 gain, six points. Lets get things going. This market was a lot about numbers. U. S. , the services indexed stayed pretty good. It was in europe where germanys manufacturing purchasing inagers index went to 41 september, way below 50, in contraction territory. A lot of economists saying that is a recession signal. Indexro Bloomberg Euro is at its lowest since 2017. If you have been watching that as well, what about helping asian markets as they get underway . Sophie we will be hearing from a lot of policymakers across the region. Ahead of that, futures are looking mixed. Kiwi stocks swung to losses and hinting
Young mills. Koreans fled to south korea where they realize their dreams of becoming social media. But then they disappeared without warning. Need to recess as a north korean propaganda video was happening from north korea. With love starts october 25th on d. W. The china prepared to host a Major International forum against a backdrop of 2 political tension. Leaders from around the world have begun to arrive in beijing for the belt on road horen among those attending russian president. Vladimir, please also coming up kind of a new airport, reversed the fortunes of combo diaz, aiming Tourism Industry. This is dw business on k ferguson. The thanks for joining me. Its 10 years since china launched is mazda of Global Infrastructure project to the belt underwrote initiative. This week, representative for more than a 100 countries are gathering invasion to discuss the scheme which has seen china land billions of dollars to poor nations. Open with strict repayment conditions to test the initi
Hated when i read it in seventh grade. Once i learned more about what drives stocks i realized Great Expectations or poor expectations often determine where a stock or an entire market can go in a given session. Thats what we saw with the doi gaining, s p 500 climbing and nasdaq up 4. 4 . In the last 24 hours of trading, almost everyone knows about panera bread, Buffalo Wild Wings, often people buy shares in what they know. I get that. Cant blame them. As long as they do homework on the company. I like the asian Chicken Salad at panera low cal even though i sneak in the big chunk of bread. Every year i try to catch an nfl game at Buffalo Wild Wings, were due for another staff party there. Last time i put the blow torch sauce on my wings, way too hot but it didnt matter because i had a lot of tiny wings and you dont need a fire extinguisher if you got the kind that doesnt have all the meat on it. By the way. Anyway hhaexcuse me. I got the hot ones. But the way you or i might buy shares
Like well get a positive open, but things reversed yesterday. Financials in particular. Europe you ask, jim, you didnt, but ill show it to you. All five of the big markets. You can see spain is the only loser thus far this morning. Continued strength in the euro markets. Eurozone look i think that draghi im not kidding, no conspiracy theory, keeping the euro lower. Theyre not happy with our president. A lot of unhappiness in a lot of places. Our road map starts with President Trump, as he is expected to withdraw from the paris agreement. The major names opposing the decisions and what elon musk said hell do if the president does withdraw. One of the companies by the way hewlettpackard coming up. Well have ceo meg whitman. Shell join us in an exclusive interview. The earnings which were reported after the bell yesterday. Opaque somewhat given a lot of a good word for it. I said difficult. You have to understand opaque is even more by the way its auto sales day. Out this hour, ford and g