Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
U. S. And china are trying to temper some of the repercussions trade war is having. You can see euro stocks gaining 0. 6 . The yen is also a good litmus 7. 81and you can see one of 107. 81. Tomorrow, we also have the ecb to look out for. Coming up, we speak to the former u. S. Ambassador to the European Union. Dont miss that interview at 10 30 a. M. London time. We talk u. S. Foreignpolicy and brexit. Lets get straight to the first word news. U. S. Goods to be exempted from tariffs last year were announced by china at the top of the list are pharmaceuticals and lubricant oils. Beijing is seeking to ease the impact from the trade dispute without lifting charges on agricultural item like soybeans and pork. The ministry of finance says further rounds of exemption will be released. Morgan stanleys ceo warned against the fed cutting too easily but says he supports of the reductions made so far. He made the comments at the Columbia Business School in new york. I have supported the latest fed
Investors wait for stimulus clues from the ecb accounts, as pmi data today is set to confirm further contraction for European Manufacturing. Fedsak with kansas city astor george today at jackson hole. Angela merkels 30 day challenge. The german chancellor gives Boris Johnson a month to find a brexit solution, though francis says a no deal is france says a no deal is most likely. If we approach this with sufficient patience and optimism, as i say, we can get this done. Silence onbreaks its the unrest in hong kong, as the city faces an earnings recession not seen since the financial crisis. Good morning and welcome to Bloomberg Markets european open. The threeday moves on the 10 year yield, just up and down, up and down. Yesterdays spike was after we got the minutes. At first it looked like they were not telling us much, then it was a little bit confusing. Markets still expect a cut. Now you have the yield going back down, as we await all of this pmi data in the u. S. Sorry, pmi data in
Confrontation taking have taken place between forces of the internationally recognized government of the and the Security Forces who are loyal to this killed commander. There are reports that we have already critique and control of the 1st gates of the president ial palace members of the his government been reportedly riya. Many experts believe that this situation is going ahead 2 words the separation of aden from the united arab from the united yemen so also be. This in the case in the of the deporting people from the north especially that they have lived they have lived there in aden for long decades they are businessmen and also people who are. Deeply rooted with the society of aden you have also expelled from the city reports about thousands of people have been deported so we as expects briskly that the situation is going ahead for for the separation of the south especially starting from aden. Which is going to head to the separation of the south probably not unless the United Nati
Much. Ok lots more ground still to cover for you here on aljazeera including venezuelan government supporters are on the streets also ahead. The u. N. Raises the alarmist gun battles break out in the yemeni city of aden between separatist fighters and proGovernment Forces. Have a very unsettled picture across much of europe still got some very strong thunderstorms out times a huge amounts of cash coming in as you can see and in particular have seen some very heavy rain across the line of the alps but also into northern italy and in just. Reports of a landslide with flooding to the northern lombardi region. This morning the 4 calls as we head on it through thursday should be clearing. Into 0 going to warm day 27. 00 but youll notice there is another system here just waiting in the wings out of the atlantic already beginning to kick those northern coastal areas of portugal heading across eventually cross into spain but at the moment but a reprieve for london and paris and then weve got m