And china according to the South China Morning Post and politico the 2 sides have agreed on a quote tentative truce delaying a fresh round of u. S. Tariffs that would have extended live is on nearly all chinese products coming to the u. S. According to the reports the deterrent was a condition the chinese side said before agreeing to a meeting between president xi jinping and donald trump now scheduled for saturday on the fringes of the g. 20 meeting. Chinese president xi jinping arrived in osaka in the rain on thursday morning but the forecast for trade talks with the u. S. Has apparently gotten a little sunnier amid reports of the tentative truce on the tarney topic of additional tariffs optimism has been building among World Leaders that a deal is within reach between the superpowers when their leaders meet in japan. Do not worry about it in regard to the u. S. China trade expect the United States and china will constructively resolve the issue through dialogue including the us chin
Billions more if trade talks do not progress. Osaka and japan. H2o plans to wash its hands of toxic debt. In a bloomberg investigation s employees have worked with the Chinese Military. Less than half an hour away from the start of european trading. Want to draw your attention to treasuries. Yields have floated higher since coming down. Now, this as Goldman Sachs joins jp morgan slashing forecast. Indicating a risk in session is ahead. Futures, same impression. Dax futures up 0. 6 . Paris, a quarter percent. Gains of 0. 2 . What do you see in the gmm . Asian equities going higher. Yields higher. Despite President Trumps talking about how he has a plan b . Has been captivated by reports may be a truce could be on the table if we see some restarts. Hong kong up 1. 2 . We do see money coming out of the yen. Lets go to the other side. You can see coming out of treasuries, and going into debt. Watchinging to be mining stocks in the european section. Prices, and focus in brazil and china. Co
China. Xi jinping ahead of talks with President Trump before the g20. Bayer shares jump as the German Chemicals group bolsters its legal team to address a multibillion dollar litigation challenge around its roundup we weed killer. And h m reports sales of its summer collection are off to a strong start with the firms shares on course for their best day in three months. Good morning a bit of italian data this morning. Italy june Consumer Confidence numbers are just out theyve fallen to 109. 6 verses a consensus of 111. 3 this is the lowest italian Consumer Confidence number since july 2017. Overall Business Confidence has also fallen to 99. 3 versus 102 in may Manufacturing Confidence has also fallen to 100. 8, slightly below consensus of 101 also lower than in may that will paint a picture of slowing confidence in italy. That is the picture for euro, returning flattish around 1. 1370 there hasnt been Much Movement in the euro. The story has been one of dollar weakness rather than Euro
In berlin wall come a day before the g. 20 summit kicks off in japan theres Significant Movement in the trade conflict between the u. S. And china according to the South China Morning Post and politico the 2 sides have agreed on a socalled tentative truce delaying a fresh round of u. S. Tariffs that would have extended levies on nearly all chinese products coming to the u. S. According to the reports that was a condition the chinese side is set before agreeing to a meeting between president xi jinping and donald trump now scheduled for saturday on the sidelines of the g. 20 Meeting Chinese president xi jinping arrived in osaka in the rain on thursday morning but the forecast for trade talks with the u. S. Has apparently gotten a little sunnier amid reports of the tentative truce on the tarney topic of additional tariffs. Optimism has been building among World Leaders that a deal is within reach between the superpowers when their leaders meet in japan for a bit to not work much of it in
Good afternoon if you are watching in asia. There is a risk on mood in markets and looking at the stocks europe 600 gaining. 2 . Treasury gold and yen extending some losses. Eurodollar 113. 69. The u. S. 10 year yield with a bold call from Goldman Sachs. A lot more to say about the 10 year yield talking about centralbank dovishness around the world and some of the Economic Data coming out the next couple of weeks. Also up, we speak to david from Harris Associates, the chief Investment Officer for international equities. We will talk about commodity stocks. That conversation in around an hour but first, lets get the bloomberg first word news in new york city with Viviana Hurtado. Goldman sachs joining j. P. Morgan in slashing forecasts for u. S. Yields. The lender now sees the 10 year years and the carried that is down from the two point a projection as recently as last sunday. The new figures price index that patient of the prolonged trade war and a dovish shift by key Central Banks. T