Overspeed. The communist party wants greater sustainability. The ecb hints that a more stimulus is coming as governments impose new lockdowns. Seize until the crisis dies down. Breaking news out of south korea, we are getting the september numbers for Industrial Production, a rebound of 5. 4 . This is a rebound from a can fraction in the previous period. We are seeing revisions upwards for the previous month of august. This is a huge beat of estimates. Growth, on year number, a jump of 8 , really rebounding after six months of contraction for Industrial Production. That werising given have seen export numbers rising for the first time in seven months. We have seen more positive sentiment on external demand. Now we have Industrial Production numbers in south korea beating estimates. Just had the markets open in australia. At amp, one of the first stocks trading, higher by more than 20 . This is after they confirmed they have received a conditional proposal from u. S. Based areas, not en
Lvmh sets a trend after Third Quarter earnings sparks a rally. Easing concerns after the impact of unrest in hong kong eurozone finance ministers agreed the 17 million budget. The group tells cnbc the new package is now ready to go this will be in the corner of financing the eurozone today and in the future. It is fully operational. This is the important thing. A warm welcome to street signs. Taking a look at european markets. Despite a strong hand over from wall street which you saw stocks rebound. We saw european stocks under pressure and down 0. 4 it has been a fairly choppy trading session. We have a number of different headlines in the runnup between the days highlevel talks between the u. S. And china and the state of the relationship between the negotiators. As you heard, china has urged the u. S. To stop putting, quote, unreasonable pressure on chinese companies. In addition, keeping a close eye on brexit. Hopes fading around the prospect of coming to a deal. European stocks tr
Official approval. Speaksstanleys boss exclusively to bloomberg, warning the fed against cutting rates. Ive supported the latest fed rate cut and i suspect they will do one or two more. But then it is time for a pause. Shery more from that exclusive interview with james gorman ahead. Plus in Bloomberg Technology global link, aps incremental tweaks to the iphone lineup. We will ask if that is enough to lure buyers. Thats get you a quick check of how the markets closed in the u. S. A bit of a rocky session for markets. Gains and losses but throughout the session getting a bit of a boost. The dow up three tents of 1 . The s p 500 unchanged. Media reports talk about chinese purchases of u. S. Agricultural goods. Greato have not so optimism when it came to bail trade negotiations and those concerns wait on tech stocks with the nasdaq unchanged. We have Energy Stocks higher with oil fluctuating after the National Security advisor was let go from the white house. Lets get you started with a q
Making money. Charles stocks lower on Global Growth and trade concerns. Deirdre bolton at the New York Stock Exchange exactly what the inverted yield curve means. Why the market is selling off. Deirdre . Charles. A lot a cover here. We are off the session lows. If you look at dow. One putting pressure on dow, jpm, walgreens, goldman sachs. We know in the inverted yield curve position the banks have a tougher time making money through their lending business. So that is why we are seeing financials pressured overall as well. S p 500 not a surprise, charles at these levels. Higher interest, more money for having lent it for longer period of time. That is the logic of the bond market. That is how it works. At this point we saw inversion and essentially shows that investors, well, theyre just anxious about the future. Theyre anxious about the underlying fundamentals of the economy. Now of course these moves can come and go. But today it is about selling and it is about larger economic anxie
Investors await the final pricing for the asia operation. They hope the Chinese Market will help drive down debt. Shery lets get you started with the quick check of the markets. Close of the thursday session. Reaching record highs with the doubt surpassing 27,000. S p 500 very close to the 3000 level. We have financials and industrials leading the gains. We got the tweet earlier in the session from President Trump saying china is letting us down. Bit. Took markets a little they were able to recover as we are focused on chair powells second day of testimony talking about the fed having room to ease and ties between the Unemployment Rate and inflation. Yields have 10 year reaching one month high as we got u. S. Inflation numbers coming in the hotter than expected. This friday we are facing a modest retreat in asian stocks after a two day gain. Hares flipping at the closing chinese trade headlines the agenda which comes after trump complained. Malaysia,e gdp plus japan, and india. Theill