Overnight in asia. The nikkei higher by 1. 1 . Hang seasoning up 2. 3 and shanghai up. 8 . Youll also see green arrows in europe the dax up 1. 9 . Cac is up. Gains for italian stocks too in the treasury market, at this point, 10year yielding 1. 67 . Twoyear at 1. 551 30year up at 1. 61 . Iranian Officials Say two missiles trunk an iranian tanker in the red sea crude prices, as a result of this, they are jumping up close to 2 wti crude now 54. 47. They are saying that damaged two store rooms aboard the tanker and caused an oil leak that attack happened about 60 miles north of the city jeda six months after the attack of the oil tanker in hermuz and the saudi attack never good to conjecture anything they have been the attacker and you wonder was there Something Else going on because they didnt point fingers, you wonder. Was it a screw up but we have no idea. No idea they were attacked by someone. Who knows. Two missiles hit a tanker that much we know. Lets talk about the trade headlines.
Fiatchrysler is discussing merging lanes wit. Shery we are seeing u. S. Futures unchanged at the moment, this after the regular session was pressured on reports that we might not see the china and the u. S. Signed the first fate of a trade deal next month. We had tech weighing on the s p 500. The nasdaq falling the most in about a week. We also have the disappointing results from alphabet on the nasdaq composite. We have higher financials. Treasury secretary mnuchin talking about potentially being open to looser bank rules. Not to mention, we also had health care higher as we had strong resorts from merck and pfizer. Lets see how we are shaping up in asia. Haidi we are getting not much of the guide when it comes to the sentiment getting weighed down by expectations that may be the many trade deal is not so imminent after all. Pretty lackluster start we are setting up for in asia. You get futures trading in chicago looking flat at the moment. Thats of the situation in soe eoul. We are l
The highest ranking executive to leave amidst the 737 max crashes. China isreport saying planning to replace embattled chief executive carrie lam. Australian markets back online. Thats turn to sophie for what to watch and markets. Little australian stocks changed after a twoday gain. Plenty of corporate updates. A potential earnings downgrade looming. They maintained their fiscal guidance in the face of two reports from short seller J Capital Research. On itsnstruments slumped weaker than expected forecast, warning that customers are more cautious in cutting orders. It is back online after the enthronement ceremony. Stocks falling 1. 7 and wellington, led lower by power providers. Rio tinto reviewing options for its aluminum smelter i. The deficit narrowed more than forecast. A quick check on bonds this morning, aussie and he read 10year notes reversing course after a fiveday decline. Treasury futures slightly higher after cash treasuries rallied overnight on brexit uncertainty, which
Highprofile alumni who continue to shape the Business Community including Morgan Stanley chairman and ceo james gorman. Im very surprised at where rates are. Id expect by the end of the year, the 10 year would be 3 . I was dead wrong. Jason we will hear more from james gorman in other chats and many topics are also covered in this weeks issue. Carol that included a top story, the u. S. China trade war. As goodwill lifted financial markets, financial editor peter coy warns of consequences. Peter in a way, it is as if the u. S. And china seem intent on dividing the world into two separate spheres, which is really globalization in reverse, and to use a more recent analogy, it is more like the period after world war ii and the cold war when there was a soviet bloc and the western countries. And not doing very much commerce with each other. Very separate, and that was not good for prosperity for anyone, and risk is we will go that way now. Carol we have smart conversations at the Columbia B
Hurting the economy. Retail sales and Hotel Offices tumble. Tourism from china sliding more than 40 . Shery later on Bloomberg Technology global link, we will talk about airbnb charting an unconventional path to the Public Market and how vcs are looking to disrupt the ipo business. Lets get you started with a quick check of the markets. U. S. Futures gaining 1 10 of 1 but this after we saw the s p 500 fall the most in about a month. We have the s p 500 finishing below its 50 Day Moving Average of 29. 48. Every sector turned to the red after we saw that we u. S. Manufacturing number appeared we had industrials leading the declines, not to mention banks moving lower as we had raising pressure towards the 1. 6 level. High volatility was pretty and the vix headed towards the 20 level as we have had october very volatile, if not the most volatile month of the year. That also having an impact on the markets. We are seeing u. S. Futures slightly higher at the moment. Lets see how asia futures