Results of another how will investors react to the second scandal of the year . Warm welcome to daybreak europe. Nejra cehic absconded on a holiday. Can we spell that word . A wood. S diverged in chinese equities and u. S. Equities. We are trying to make sense of what this rolling back of tariffs by china really means. There is a platform for a phase one deal . The u. S. Equity markets are set, correction,ity for 15 . It is time to become guarded. Perhaps we have become irrationally exuberant. Positive news flow on tariffs eking out again. The 200 dayby moving average. Wti, the uae oil minister saying things are good, they will talk about the expansion of the deal. Let us talk trade. The u. S. China says it is cutting import tariffs on certain goods from january 1. Expanding imports. The news comes from beijing and washington finalize the signing of a first phase of their trade deal early next week. Lets get to simon french, chief economist. Good to see you on this beautiful, crisp day
The fact that it was won by such a margin is the best of 1st time to. Do us value. Even if i cast my vote in favor of the ruling class but unfortunately it didnt win the other party is it the gangs one of the. Turkey needs fresh blood new rhetoric and a new face i think this result is a reflection of the. Also coming up tonight Donald Trumps back and forth on iran just days after he pulled back from a military strike the us president is pushing ahead with what he calls the next economic attack i think a lot of restraint has been shown by us a lot of restraint and that doesnt mean were going to show it in the future thank you very much of a risk. To our viewers on p. B. S. In the United States and around the world welcome we begin the day in. Stamboul a city tonight that has chosen political change and a future that will most likely mean the powers that be will soon become the powers that were yesterday voters in turkeys largest and most politically and economically important city went
Ever gay pride parade we will speak with the group that joins the marchers for the 1st time the history of the event. And more controversy at the womens world cup the browns where there were tears and protests on the pitch as cameroon struggled to cope with what they saw as a contentious refereeing in their loss to england. Im sorry kelly welcome to the program turkeys president rich of type area one has suffered a serious defeat after losing control of istanbul and a rerun of the may or election their opposition candidate who won the vote by a landslide his victory and a quarter century of rule in the city by air to wants islamic conservatives observers say that it is a triumph for democracy and could change across the country. The undisputed victor of istanbuls maryla lection is this man. He extended his majority in sundays controversial rerun of a ballot hed already narrowly won in march the new man called it a vote for change would be the very this is not a victory this is a new be
President or the one and i aspire to do that im announcing nice in front of all residents of the stumble. And see my personal view is that it wasnt right to repeat this election but the fact that it was won by such a margin as best the 1st time gold do you believe in it i cast my vote in frankfurt the ruling cost but unfortunately it didnt win the other party is it the gangs call the. Turkey needs fresh blood new rhetoric and a new face i think this result is a reflection of the truth. Also coming up tonight Donald Trumps back and forth on iran just days after he pulled back from a military strike the u. S. President is pushing ahead with what he calls the next economic attack. A lot of restraint has been shown by us a lot of restraint and that doesnt mean were going to show it in the future thank you very much everybody here if. To our viewers on p. B. S. In the United States and all around the world welcome we begin the day it is stamboul a city tonight that has chosen political chan
Minutes. We will be talking about the banking space in china and what worstCase Scenarios might look like. On the back of discussion on how they deal with local government finance. It is part of unlocking the narrative in china. Session highs on the benchmark, should be day number seven. That should be the longest in about seven months. 171 right now, we are breaking above the key that should be the top end of the range. 4649 the hstech index. This rally certainly continues the risk on mood. More earnings and more bank decisions. Rishaad just under two point five hours before we get the latest rba decision. Overall, it is this rally we are talking about and it has been predicated upon the hope of stimulus, the announcement of stimulus moves. Michael says there is very little in this. He sexually not deep enough essentially not deep enough. Not giving any real practical moves to do so in terms of fiscal space and that what really needs to happen is disposable income needs to go up which