Lets look at these markets and our into the european trading day. Stoxx 600 in europe up by. 1 . And even start to the trading day. Evenly divided winners and losers on the European Equity markets. Lacking any direction. Into the u. S. , also lacking direction. We have seen a little bit above the flatline. Not getting a great bicker great bit of direction. A big focus on Central Banks and a u. S. And a focus on u. S. Policy. Titians, ay trade tensions, that coming up. Wrist bank leaves behind five years riksbank leaves behind five years. Is now what we are showing you. We were showing you the norwegian krone. Not to be confused with the riksbank. Bank, we scroll back to what they did there. That was as expected. See a to this picture, we number of Central Banks leaving policy unchanged. They were treated for negative Interest Rate hiking. They were moving in their own direction moving against the cutting cycle for many previous months. We continue to do that. Lets get a new lets get an
And we speak live to the former white house chief Economic Advisor gary cohen. Up, a new Community Pro or a new economy for a new economy. We bring you exclusive interviews with the Credit Suisse chief executive, ubs, and many more. Welcome to bloomberg surveillance. I am a Francine Lacqua. Before we get to any of those interviews, let me just have a quick check on the markets for you. Look at stocks dropping in europe. Asia was a mixed session. Fromcomes as support congress for protesters, kids prospects of a trade deal. We are also looking at bonds edging higher. Beijings chief negotiators says he is cautiously optimistic after a phase one trade deal. Lets get straight to first word news in new york city. Rudy giuliani and donald trump demanded a quid quo pro from ukraine. Is astunning admission damaging testimony for President Trump. He went on to say giuliani was holding up a white house meeting unless ukraine announced investigations. The latest debate, democrats focused on Presid
Ankara. Manus warm welcome to the show. A lovely piece written this morning. What is the scale of the handshake we have had over trade . ,t is a handshake, irregular good oldfashioned handshake. There is still a lot of work to be done and i think that is what the market is waking up to this morning between u. S. Sino relations. Questions and criticisms over this partial deal. The tariffs still on the cards. We are getting a little bit of a lift in the markets. Getbig question, if we do any kind of resolution on trade or brexit, what does that mean for the bond markets or money coming in this year . Manus we will talk about that in just a moment. 10 year Government Bond futures. Some would say irrational exuberance. Secondbiggest rally this year. Morgan stanley really did warn, trade war pause, uncertain rather than durable. Plays fast with the lira. It goes3 last week, down again. The u. S. Is ready to go fullscale. Going against turkey in relation to their position against syria so th
What is happening in the World Economy. Working off a couple signs that the Global Economy is losing momentum. We are also getting october area manufacturing pmi instead of the forecast of 46 pounds. Its all to do with the extension. Were hoping and waiting to hear from the eu. We are getting a couple of key decisions and we have the ecb a little bit later today. All eyes on mario draghi for his last News Conference. Bank norges bank leaving its key rate unchanged. Shares are down 22. 5 and we will have a full roundup of all of your stocks. Coming up, we speak to the acting chief executive of air shuttle in about 10 minutes. But first, lets get straight to first word news in your city. Agree theysadors should accept the eus request for a third extension of the brexit process. Splitey are reportedly over how long to grant the extension. The french are pushing for a tight deadline but many other countries want to permit the three months officially asked for. Johnson was forced to ask for
We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews first up, James Bullard. And then watch out for robert m Robert Kaplan and patrick harker. , that iser it takes what new Zealands Central Bank governors says he will do to support the economy. Thef says he will evaluate impacts of this month on expensively large rate cuts before considering further easing. Forward, we were saying everyone is telling us we needed to be lower. Everyone is telling us Global Growth is slowing, so lets get ahead of this. Lets move and reduce the probability of having