U. S. President donald trump says the fed should cut rates by a full percentage points. Im not saying there are not circumstances in which i would be willing to ease. I just want to see evidence we are going into something that is more of a slowdown. Growing at 2 , im not as worried about that. Another reprieve for huawei. Riskon sentiment for stocks. Mark mobius says it is better to go for gold. I think you have to be buying it frankly. The gold longterm prospect is up and up. The money supply is up and up. Matt bhp investor bonanza, the worlds biggest miner boosted its dividend while warning on raw material prices. Mckenzie says it bhp can weather any storm. Ready for whatever the road might throw at us. Downturn,fit from a lot moren also get a cash in an upturn. Matt a halfhour away from the start of European Equity index trading. First, u. S. Treasury yields continue to rise. This is up 1. 59 . Over three days, it is rising. Today we see from yesterdays close, a couple basis points
Boris johnsons suspension of parliament. Matt good morning. Yesterday i was talking to a market guest and i asked if they could put the trade noise aside and run his portfolio. He said, no way. This market is driven by every tweet from donald trump. It looks like he was right. Nejra it is a very interesting question. What a month we have had. What a week. Big moves on brexit. The italian coalition. European politics front and center. Now we get the latest trade news, which is giving risk assets a little bit of a lift. Matt we see that across stoxx around the world. This after President Trump yesterday said the u. S. And china were actually talking. Said he hopes he will get a good deal. Nonetheless, the chinese decided not to retaliate immediately. Asian stocks rising. Euro stoxx futures rising as well. I put the japanese here is a little bit of a warning sign ahead of todays trade. You have the bloomberg dollar index up. The dollar is holding at a twoyear high. Traders are buying yen
Looms. President trump says talks with china will happen. Not ready yet. Warning against stimulus. The cpi today is likely to favor them. The case against no deal. Legal battles over boris key decisionns, a at 10 00 a. M. Less than half an hour away from the european looking at german bunds. Weare down a little bit but clawed back some of the negative yield we have given up. The ecb is on my radar. Equityake a look at the futures. Green arrows acrosstheboard. Green, too. Was now it is next. Dax futures are gaining. Ftse futures unchanged. What do you see playing out . We are seeing that mixed picture. Maybe there is a line being drawn. The asian section has looked a little more positive. Markets rallying after wall street did so. If the clues are light. Nightent trump last talking about how conversations in trade were happening yesterday. We will see what comes of those. The south korean kospi higher they did suggest maybe there would be further cuts to come. Movement in the south kore
Attacked by armed, masked men. We are live in the city. Welcome to bloomberg surveillance. Lets check in first off on the markets. We see gains across European Equity indexes. That should show through in terms of u. S. Futures, as well as s p futures. Oil is down. You will see the big majors weighing on the stoxx 600 index. Maybe a turnaround of the gains we saw oil take yesterday. The u. S. 10 year yield is currently up for basis points to 1. 54, so investors feel less concerned and are selling that that. Lets get bloomberg first word news in new york. We begin in argentina. S P Global Ratings cut the Credit Rating to selective default after the nation said it would delay payment on more than 100 billion of debt. They says criteria, constitutes default, but the new terms for shortterm debt came in immediately and they will lift argentinas rating to triple c minus. Boris johnsons suspension of parliament will get an early test. , saying are ruling courts, saying it is an affront to dem
Almost two weeks. Youre following through on that rally today, up 0. 6 . Eurodollar around key support levels. It is a broadly stronger dollar story. The bond market obviously in focus. No doubt we are going to talk about that terrible, no good, seven year bond option. I wonder, is that a threshold . Or was that just a fluke . David or was it late august . Globalime now for exchange, where we bring you todays market moving news from all around the world. Joining us in london is tony ahrens, on the phone from hong and on theen leigh, phone from when is a race from buenos aires is caroling a milan is carolina milan. Three activists in hong kong were arrested by police head of a rally. Karen leigh joins us with the latest. Karen Hong Kong Police arresting a number of prominent Hong Kong Police arresting a number of prominent speakers, including warning protesters that they could share that same space at illegal demonstrations this weekend. These are really raising tensions ahead of a 13th