Which would take us towards more record levels as investors eye in the beginning trading about a third of a percent. We did have an unexpected bounce in chinese Manufacturing Activity this is helping some of the asian markets. Some of the data has been showing a fairly bleak picture in contrast to the numbers today. Add in a bit of a risk investors might be caution across the european trading session. At the start of the session is banks at the bottom. Basic resources. We look at the banks a number are reporting from the sector today insurance and profits crossing over the course of this week the sector trade tie almost a third of a percent it is a sweep into the green at the start of this session. Health care which has been stunning through many of this through october. Up by. 2 telco is up. 2 . We waited out a phase one trade deal to be inked in coming weeks. Oil and gas bounce half a percent. The china story seems to be supportive for these two areas of the stock market today. Lets
Bloomberg. You mentioned housing and todays gdp data when you look at that, do you believe that you have achieved a soft landing or are achieving a soft landing in the sense that removing to trend growth the rest of the year and next year that is our outlook overall, is for moderate growth of around 2 , pretty close to trend. Thats our outlook could be better. Could be worse you know, you never say youve achieved it. But thats our outlook we feel like our current stance of policy is appropriate as long as that remains broadly our outloo outlook. Donna borak with cnn. Chair powell, setting aside expectations for todays rate cut, obviously 97 sort of expected this would happen today, can you tell us more about the rationale behind moving at this particular meeting as opposed to waiting six weeks and cutting in december and if there was any discussion about that around the table . Thanks. Yeah. I think this seems to be the right movement you can see we had our usual range of prospects, ra
Ahead of the trade talks in washington we just heard from President Trump on those trade talks lets get straight to kayla in dc with the latest. The markets have been whipsawing all day in response to chinese officials telegraphing exactly how they feel about the trade talks earlier today we had chinese officials telling bloomberg theyre open to a partial deal even though theyre frustrated by the black listing of 28 security and technology companies. Then we had a report about purchases of soybeans. Then we had a reuters report later in the day that said that chinese officials because of the black lifting by the commerce department, they are lowering their expectations for the outcome of these trade talks perhaps a shot across the bow to the u. S. Government as it tries to figure out exactly what to do behind closed doors and what potential truce, deal or no deal to accept or leave on the cutting room floor as it were. That report significantly moved the market perhaps the intention of
As another top sponsor walks away. Turkey sins and the troops after a wave of airstrikes in syria leads to growing criticism. The u. S. Threatens sanctions in response. Shery we are seeing u. S. Futures gaining. 1 after we saw markets rebounding from two sessions of losses in the regular session. We had tech and Energy Leading the gains. We had a little more trade optimism today after bloomberg reported that china is still open to a partial trade deal. Suffice it to say we saw some of those gains being pared back in the afternoon session after another report said that china is starting to play down expectations of progress in those talks. Investors also had to digest the full mc minutes. Members seemed a bit more uncomfortable with that growing gap between Market Expectations and their own projections. The focus now on a u. S. Cpi coming out tomorrow. Lets see how we are shaping up for the markets in asia. Sophie we could see a mixed session in asia. We could see gains in tokyo. Could
Line with policy decisions with Market Expectations. And tech leading the charge with apple high on the back of bullish markets that are higher. S p up 1. 2 . Dow is up 232 points near the session highs joining us, mark tenler. Mark, trade was the mover as it was yesterday. More of it, day after day, the thing that continues to drive the market is the most recent news about trade. So, yesterday, there was less optimism about there potentially being a deal the market sells off today, theres less optimism, so the market rebounds but nevertheless, were stuck in this trading range of 28. 25, and 30. 25, right and i think its very unlikely that we break out of that range unless and until we actually get a trade deal and i think the likelihood of us getting a broad deal is unlikely i just dont think thats going to happen. It all depends what that narrow deal looks like. Or the october tariffs removed if theyre removed for good, thats bullish forponed all that great. Lets focus on the big sto