Big tech which could mean tariffs on french goods and services. And the u. S. Has just weeks to the task is proven near impossible. Impossible. Ear shery equity markets near record highs with the s p 500 at one point top and 3000 for the first time ever. Industrialsnd weighing on the index. The focus was entirely on chairman powells testimony in congress which suggested a july rate cut was on the table. Not to mention we got the minutes from the june meeting. That also showed a dovish turn. Followed that was factored into the markets in this session. Of course we are not done yet. Chair powell testifying again in Congress Tomorrow at the Senate Banking committee this time on thursday. And we also have the ecb minutes out not to mention u. S. Inflation numbers. For the time being, asia futures s p Futures Holding study. Lets get a check of how markets in asia are shaping up. Sophie this thursday asian stocks are eyeing modest gains after a move higher for u. S. Stocks. Broadly Holding G
Lacqua in london. Lift to the stoxx 600, data from around whattivity jay powell is doing. Dollar weakening for third day. Crude oil 60. 60. Makesort saying surplus return despite opec cuts, whether that means they will come further is something we will watch for. As operators in the gulf of mexico are bracing for Tropical Storm barry, giving pressure on crude oil prices. U. S. 10 year yield at 2. 12. Coming up on bloomberg surveillance, the allstar lineup today. We will talk about deals in the banking outlook. We will speak with Philip Hammond. This afternoon, we sit down with the ford chief executive. Breaking news. Arkey says it has received Missile Defense system from russia. U. S. Threatened to punish turkey over the purchase. Washington says the system is designed to shoot down nato aircraft. Goldman sachs warning of u. S. Intervention in the fx market. It says president trumps about otherplaints currencies is highlighting u. S. Policy. Now the u. S. Could forcibly weaken the doll
U. S. China trade war. The yen currently, 107. 85. A little flat at the moment. One of the strongest performers in asia over the past three months. Hong kong dollar also one to watch. 7. 7 a. Much flat. 778. You much flat. Bond yields lower. Yields in asia pretty much tracking the u. S. Indonesia, the philippines attracting investors. When it comes to commodities, lets take a look at where gold is. Wti currently down 1 . I want to show you this chart. All of the twists. We are talking about yields. Chinese bonds, seeing much a search a surge. First time default in june compared to just one back in may. To put that in perspective, we started to see defaults in 2016 and still low compared to developed markets like the u. S. You are looking at india. Big day. The focus could switch to india quite quickly. It is budget day. Modisst after narendra election win. We saw the market move yesterday after we saw that economic survey. We also heard from the government advisor saying they will stic
All passed, deutsche the only surprise. New problems for boeing. A new fault is found on the 737 max 8. An issue said to be on other claims of the fleet. Shery todays big story, betweens meeting President Trump and xi jinping will happen without preconditions. Yvonne man is in osaka. It seems everything is on the negotiating table, but everyone we speak to dont have high hopes of a breakthrough. Yvonne some are saying this is of what was said, a ande truce between japan china. A lot of doubts that perhaps things could be status quo. The wall street journal yesterday reporting china is demanding that the u. S. Lift its export ban on huawei to reach an agreement. That could be hanging over these negotiations saturday as well. Before the big meet between xi and trump, a lot going on in the first day of the g20. You showed pictures of Angela Merkel just arriving, Vladimir Putin expected to come down as well. There are questions about the bilaterals today, the key one is President Trump and