Is quote, possible. China says it is willing to resolve the dispute through calm negotiations. All sounds fairly promising and the market likes it. The dow industrials, huge drop friday, back up maybe 200 points this morning. S p, same story, down friday, back up 18 today, about. 66 . The nasdaq looks like its going up. 75 at the opening bell. Caution. Mr. Trump holds a News Conference which is scheduled for 9 30 eastern time, just as the market opens. We just got word, however, that the president is running a little late. Be advised. It is likely to be a headlinedriven market all over again. Ive got to tell you this. Money is still flowing here. The yield on the tenyear treasury at 1. 53 . It was 1. 44 earlier. The yield on the threeyear treasury 2. 02 . It was 1. 95 earlier. The story here is not this inversion of the yield curve. It is the flight to safety, the safety that america offers. This is going to be a dramatic day for your money. A president ial conference is coming. You ca
The french president tells Boris Johnson a new brexit deal is not likely and italy has a few more days to cobble together a coalition. We are live from g7. Week japanese inflation stokes talks of further boj easing. Meanwhile, the rbnz governor tells bloomberg it can afford to be in wait and see mode. We can afford to watch and observe what is happening. We have taken a preemptive double cut. Matt good morning. Matt here in berlin. We had a slew of fed speakers yesterday that pulled back expectations for a big rate cut, if any at all. That really changes things in markets. Nejra you saw adjustment in pricing in terms of futures. Have we just heard from the hawks . What is jay powell going to do . Is he going to push back from we know historically jackson hole speeches can give signals of Monetary Policy in the future. Matt interesting we continued to see gains in u. S. Stocks. The s p 500 closed down a little bit, but it was not too bad. Now we see futures pointing to gains at the open
The s p 500 rises and bonds tumble. Wework is said to have slashed valuations in its upcoming share sale. Shery lets get you started lets get you a quick check on how markets closed. We have equities rallying, treasury yields rallying, strong Economic Data. The s p 500 jumped to the highest level in five weeks. It actually broke above its 50day moving average. Tech shares led the gains. From thest losers trade tensions between china and the u. S. We also have banks rallying as we saw the twoyear yield at one point seeing the biggest jump in about a decade. The focus is shifting toward that we arembers getting out tomorrow. Today, very strong private payrolls numbers, but at the same time, jobless claims numbers little changed, so the focus is what happened out of the numbers that we get tomorrow on friday here in the u. S. Futures at the moment not doing much, but lets see how we are setting up for the markets in asia. Friday, were looking at this to continue, gold holding onto losses
Trumps latest trade rhetoric calms markets, but unease sets in with futures wavering in europe and america. Close to a coalition . Italys fivestar and democratic parties are near agreement on a new government with Giuseppe Conte staying on as premier. Said he would be open to talks with the u. S. But only if sanctions are lifted on his country. Matt less than a halfhour from the start of european trade. Take a look, first off, at gold holding gains. Not as high as yesterday, before the start of the g7 and biarritz. Hit 1533 per troy ounce, but holding onto what we saw the last couple of sessions. A look at the futures. Kind of a mixed trade, looking at futures that are down in terms of the ftse, about. 5 . But gaining just as much on the 50. Cac futures little changed, but ftse futures down about. 5 . What do you see on the gmm . Anna a more hopeful trade narrative, perhaps, from the g7, which we covered around exactly 24 hours ago. That filtered into the asian session, and something m
And the europeans need to take necessary actions. The United States has basically in my view for a shot itself in the foot by withdrawing from this agreement. Nejra netflix slumps. A drop in u. S. Customers and slowing growth overseas. Shares plummet in extended trade. In europe, watching for results from s. A. P. Welcome to daybreak europe, just on 6 00 a. M. In london. Numbers from novartis are coming through. Second quarter core operating profit, at 3. 65 billion. The Second Quarter core eps, 1. 34. Second quarter net sales, 11. 76 billion. 2019 guidance has been raised for the new focused medicines, and they named a president of pharmaceuticals. They see d sales up mid to high sigel digits. To give you more detail, the Second Quarter sales, 858 million, the estimate of 868 million. A little miss on Second Quarter sales. Were waiting for a few more numbers to come through. 2019 sales guides race for both for both raised units for novartis. Manus, what do we see in the broader market