Next week. The brexit drama. Boris johnson skipped a News Conference as his host says the u. K. Is not serious about talks. Shery lets get you started. We are seeing u. S. Futures slightly higher by. 1 . This after the s p 500 slumped the most in two weeks. Coming after President Trump announced an initial trade agreement with japan. When it comes to the safe haven moves we saw in the last session, we had wti crude higher, the biggest gain since february of 2009. Those are being reversed with gold futures getting pressure, down. 3 . Not to mention, wti holding above the 60 per barrel level but still under pressure, down 1. 5 , this after jumping 13 in the previous session, given the previous attacks on saudi arabia and Oil Facilities. Lets see how things are shaping up in the asian markets. Sophie there may be impetus for Risk Appetite after the mixed session we saw on monday when Energy Shares rallied while Financial Firms led declines. U. S. Japan lines on the trade deal being narrow
York and hong kong. The tough story this is hour. Investors await caution ahead of china inflation. Bloomberg has learned that the u. S. Is set to limit the scope of the ban on investment in Chinese Companies as it seeks to covert the damage to relations with beijing. Plus, we get the main line business and Economic Outlook speaking exclusively with the d. B. S. We have the jobless rate for the month of july coming in at 2. 8 . This is higher than the previous month of june 2. 6 . Its higher rate than economists have expected. We did have heavy rain since mid july. Also weak growth. Still, you have to put it into context. The 10year average for the jobless rate in korea has been 3. 6 . Post pandemic average has been 3. 4 . So yes, its a rise in the jobless rate to 2. 8 . But its still a resilient jobs number. And something that will make the bank of korea give more grounds for keeping as Monetary Policy when it decides on rates later this month. Annabelle. Alongside tokyo and sidney. B
Bloomberg daybreak australia. The top stories this hour. U. S. Stocks game on bets the fed can pull up a soft landing. The euro slips amid signs that ecb may stay on hold following thursdays hike. Soren 25 on its trading debut, arm. U. S. Futures coming online in the asian session. Shery investors were really digesting strongerthanexpected numbers, strongerthanexpected retail sales, producer prices. Our consumers in the u. S. Doing betterthanexpected is the key question. S p 500 finishing above 4500 but the auto sector was under pressure today. Detroit carmakers are facing a threat of potential walkouts. Take a look at treasury yields because they were up across the board. We are watching the two year break even because investors are looking at the possibility of shorter term inflation so it expectations are growing. Above 90 per barrel in new york for the First Time Since november. It has to do with the supply picture later in the year. Arms trading debut, a jump of 25 . Closing at 63
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