You may have heard about by now. Under armour was accounting for problems. It says it is cooperating with the sec and doj. Tryker down 4. 2 acquisition, and it further consolidates medical device maker markets. Guy 403 is where we are on the stoxx 600. It has been an incredibly hard journey to get to this level. Stoxx 600 up over 1 today. Is ok. At least it is kind of on the average, confirming the move to the upside. The euro trading 1. 1148. Christine lagardes speak for the first time tonight as president of the ecb. Looking forward to hearing how many times she uses the word fiscal. South africa was not downgraded by moodys on friday. A negative watch, but it does bring that just a little bit closer. The market, a relief rally in the ram. Was me thinking it was because of the rugby guy. Just kidding. China signaled progress. Earlier, wilbur ross spoke exclusively to bloomberg about the prospects of that socalled phase one trade deal. Shape,ink we are in good we are making good progr
This is bloomberg surveillance. These are your markets. Quite a lot going on in terms of brexit. Hopefully there is a lot going on when it comes to trade. That is what the markets are putting their hopes on. Lets get that board up for you so we look at what european equities are doing and a little bit of weakness. Stocks in general higher. U. S. Futures higher. Bonds. S in we are expecting a lot of news out of companies such as amazon. Com. 1. 2 957, all eyes on westminster and a possible vote in the house of commons behind me. That is coming up. More from our interview with mark carney at the imf meeting in washington over the weekend. First, lets get straight to super saturday. That was last saturday. Indian lawmakers voted to withhold approval from oris Johnsons Brexit deal until all the legislation had passed. The Prime Minister was then forced to send a letter to brussels asking for another extension. Later today the government is expected to make a fresh bid to get the agreement
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
Francine lacqua is at the london event. We will join her later in the show. Lets get you through some of the Wild Movement in Global Markets. It was risk on. Believe that the chinese delegation was looking at a broad area of subjects, but now the latest lines coming through around basketball broadcasts. Now a warning from the chinese side. China sang stay tuned for a retaliation when it comes to the blacklisting of Chinese Companies by the u. S. Government. The market in the last five to 10 minutes is clearly turning. U. S. Equity futures 0. 1 lower. Gold, same story, flipping around, now higher. Trepidation percolating throughout the classes. The aussie dollar coming off the highs of the session. Other surveillance points to look out for. Francine. K. Time will be speaking to the chief executive of Fidelity International. Dodds half past 9 00 london time. Chinese state tv halting broadcasts of the National Basketball association games, saying the backlash intensifies over a tweet expr
Francine welcome to bloomberg surveillance. Green on the screen for european equities, but we are headed for the first weekly loss in six. U. S. Futures are struggling for direction, along with the 10 year yield after we saw stocks as the marketsy assessed the risk around the political situation in the u. S. Table taking ahead, dropping below 1. 23. Previously, one of the more hawkish members saying that rate cuts might be needed even with a brexit deal. Coming up, we speak to commerzbank ceo Stefan Engels after they have revamped their strategy. But now, lets get first word news in new york. The bank of england may have to cut rates you but if the u. K. Avoids a no deal brexit. The comments are a sharp departure. He previously was considered the most hawkish member of the Monetary Policy committee his argument is brexit uncertainty will continue to depress growth. Thats even if the exit is delayed or canceled her the u. S. Federal reserve is looking at a possible shift to its inflatio