Nejra welcome to daybreak europe. A fourth day of green on the screen for asian equities. Donald trump has talked about being in the final throes of coming to a phase one deal. A mixed picture below the surface. We are seeing a weakness in chinese equities, after the biggest drop on industrial profits on record. The u. S. Benchmark hit record. The fx, the aussie is the underperformer in g10. A two rate cut call for the rba. Some poll showed yesterday that the conservatives are narrowing their lead over labour. Oil slightly off on the back inventories. On donald trump says the u. S. Is in the final throes of a trade agreement with china signaling progress on a deal that has been years. Works for two but in a interview with the fox news host, trump said he is holding up the trade deal to ensure better terms for the u. S. Joining us is Patrick Armstrong. We keep hearing records on all u. S. Benchmarks, does it surprise you . Patrick it is a narrative that that is why we are hitting new fe
Here, a movement totsycally cal grooms. Joe instant selloff after the jobs report at 8 30, we sort of trended back up throughout the day and ended in the green as you see. Alix two things that caught my eye today, the whole week, the dow jones transportation average despite climbing higher today is right around 200day moving average. I point this out, guys, as goes the transports and the dow, not necessarily a 11 anymore. The break below there none theless significant in the rally unable to take it above that level today. One stock that was not awesome, endo international, this was a truly ugly, ugly stock today. This is a twoday chart of this company. It cut its full year earnings outlook. It was the worst performer in the s p and it fell the most at one point since 2002. Sevenyear low. It took down some other big guys today. Joe on the Government Bond market, the world of Government Bonds, it was interesting action, we saw rates rise across the curve today, but again it was a reversa
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