Tracking brexit law after the House Speaker blocked his bid for a monday vote. Kathleen the first polls are closing this hour in the Canadian Election. Prime minister Justin Trudeau looks set to retain power but lewiss parliamentary majority. Onto the markets and australia, where they have just opened. Sophie, what is on your radar screen . Sophie building on mondays gains, up about. 1 . Aussie bond yields are set for a fifth day of gains. Holding onto a fourday advance. We have plenty of updates from australia, including from Whitehaven Coal and oil. We are watching bhp this morning. The stock gaining ground, asding 35 this morning hile arein c preparing to halt operations. He restocks set to snap a threeday job. Drop. Over in korea, we will be watching for president moon jaein to delivering his budget speech later to the National Assembly this morning. The economy comes under more pressure this morning. We have Producer Price data from south korea showing further contraction, falling
Global threats keeping haven bulls happy and the yen expected to outperform the g10 years. Peers. Petrol bombs, tear gas and rubber bullets fly as Chinas National Day approaches. We want to get you to breaking news on the terminal now. Industrial production from south korea for the month of august, something of a miss, 1. 4 contraction for the month. The survey expected a 1 contraction for the year on year figure. 2. 9 contraction of the market had been expected, a contraction of. 2 . Decline in expected Industrial Production for south korea in the month of august. Get you started with a quick check of where markets are trading your u. S. Futures gaining. 1 , paring back earlier gains but in the green. We are coming off the s p 500 losing half a percent friday. We had it at one point falling below its 50 Day Moving Average. It managed to bounce back, but still finished in the red. We have trade tensions, concerns across the past week which last which led the s p 500 to lose more than 1
We bring that to you live. Welcome to bloomberg surveillance. The markets. N on the hs is closing shortly and hang seng index sores soars. Carrie lam is going to withdraw her controversial extradition bill. That is the bill that kicked off the last 15 weeks of protests. Some of them with more than an estimated 2 Million People which is an incredibly impressive figure. They got that, hong kong has a total of 7 million citizens. From babies to the elderly. That would be like if you had a protest in america and 100 Million People showed up. Reportthe stock moves on the chief executive carrie lam is going to formally withdraw the controversial extradition bill. We saw moves around europe as well and we even see futures moving higher. Is South China Morning Post reporting the news after months of protests in the city. You can see here, these luxury stocks are getting the biggest boost. Swatch is up, lvmh is up 4 . This is such an important hub for luxury sales, for the chinese, with tons of
Listening to chris hogan and yak is so mart so thats momma mcdowell summary of the panel. Futures are pointing higher this morning as earning season really pix up steam. Dow components United Technology travelers cocacola and visa all report Quarterly Results today along with Lockheed Martin and snapchat. 17 of the s p 500 have reported Second Quarter results 77 beating their earnings per share. Jackie what are you watching this morning in terms of the big movers here . Well overall were seeing good fir for earnings and thats when investors cared about going into this earning season. Youre seeing companies that are beating on ets and not hearing commentary oh we have problems in china thats what everyone was looking for. And youre also not seeing anybody really give any cuts on guidance Going Forward as well. And this was really important to support the rally that were seeing in the markets so thats investors know it is not all fed driven, of course, this week is going to be a really b
Silva has been watching him in the newsroom, keeping tabs since he started addressing the press. What has he been saying . The biggest theme is presenting china as an International Statesman when it comes to global peace and security. He said it is about a winner when a corporation, that chinas Development Help the rest of the world and that china is interested in creating a shared prosperity with a community for shared future of mankind. He spoke about the progress for the global south. This was in opposition to the way they characterised, what ideals are later on between the relationship of us china, characterising instead that the us has been after for themselves. They say china is willing to improve the dialogue and they talk about hopes after the summit last year in San Francisco of Mutual Respect and peaceful cooperation. They said the hazard some improvements but the us was targeting china and with bewildering levels of ungovernable uncertainty. He also said if the us is pressin