World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit
The key levels we are looking at, the bloomberg dollar index, hinting at a critical level. Sterling has not been at these levels since the beginning of may. Optimism of perhaps not a hard brexit taking place but a deal could be done. We will have a guest from jeffries and we will ask if there is too much baked in to pound. The euro gaining traction. Seven weeks highs we were at earlier with the euro. The Australian Dollar moving slightly to the upside. 86 for the aussie. Looking at new york as we get to first word news and su keenan. Tradeina is offering a olive branch that could survive rising tensions over the hong kong autonomy bills on capitol hill. After President Trump announced the sides had agreed, phase one of the deal, beijing going to tackle the forced tech transfers that are a key issue for the u. S. Makehinese government will sure of equal treatment in china for companies. Trump it will be one of the biggest deals. Now we are getting a papered out but they are getting it p
And Central Banks are stepping up calls for help amid fears that they are running out of options. We are live at the imf meetings in washington. Sophie checking on the start of trade in sydney. Little change, after the drop of 200, halting a fiveday advance. Broadly speaking, we are setting up for a mix start in the agion, but looking to have second weekly gain. Chinese thirdquarter gdp numbers come, as corporate numbers on the mainland have shown little improvement after a bleak first half. Japanese inflation remains subdued, giving the boj food for thought at the policy meeting. Able back below 1. 29 on brexit deal hopes, pushing it to a sixmonth low to position for a negative outcome. Aussie bonds under pressure this morning as the rba governor said the economy is improving. Offshore yuan 7. 8 against the 7. 08 against the dollar after fixing. Jessica acting white house chief of staff Mick Mulvaney denies saying that President Trump withheld military aid to ukraine to persuade key h
The big chief opens the door to rate cuts as he announces a new appetite for treasury and insists it is not the return of qe. Shery later in Bloomberg Technology global link, how washingtons latest salvo against chinese tech is the most lethal threat to beijings ai ambitions. Lets get you started with a quick check of the markets. U. S. Future slightly higher at the moment. This after the s p 500 fell for a second consecutive session, down 1. 6 . The dow also lost more than 300 point. Semiconductors taking the biggest hit. They fell the most in about six weeks. Weve had potential retaliation coming from china after the u. S. Blacklisted its tech firms. It was really another rush to safety. We had a treasury rally that sent the 10 year yield towards 1. 5 , the lowest in a month. Haven currencies rallying such as the swiss franc and japanese yen. We have the tech firms taking the biggest hit as well with the nasdaq falling 1. 7 . Lets see how things are shaping up for the asian market. S
Appetite for treasuries. Jay powell insists it is not the return of qe. Tension sores in the middle east. Turkey says its forces will move into syria at any moment. Shery lets get you started with a check of the markets. U. S. Futures under pressure, fell. 1 after the s p 500 for two consecutive sessions. Semiconductors taking the biggest hit, they fell the most in about six weeks. We have trade headlines sparking concern about tensions intensifying between the u. S. And china. That is upsetting some of the comments coming from fed chair powell, who left the door open for rate cuts. The dow lost more than 300 points while the nasdaq fell 1. 7 . Lets see how we are setting up in asia. Sophie australian markets have lower, asx 200 opening snapping a threeday gain. Bhp shares among the biggest laggards. Studyssie dollar trading after overnight gyrations on the trade brinkmanship. Confidence numbers for october are due in a halfhour. Nikkei futures pointing to a lackluster start. South kor