I am in for francine lacqua. Lets check in on the markets and get a quick look at what is going on. Yield see an allnew low on the u. S. 30 year bond. The long bond came down to one point 1. 90 . It has bounced back, but still, that paper is weighing on the yield. You can see that across the curve. Brent crude is rising. The nymex wti is as well. It has been a rally for oil as as u. S. Stockpiles came up better than anticipated. And gold, coming off of its highs just a little bit but very little change to the bottom. 1541. 64 as u. S. 10 year yields are negative, making gold more attractive. Now lets get bloomberg first word news in new york. Sees an opportunity to restart bta european union. German and french counterparts. Officials tell as they appeared to relax len which on the need for the irish backstop. Dropping the position language on the need for the irish backstop. These requests are related to Financial Information on donald trump and his family but whose returns are still a
Some of the optimism when it trade, s pe tone on futures back down after the cash trade yesterday. Markets are optimistic about the situation in italy, you can see bid, nowian btps are down to 1. 21, less than 200 basis points above boones. The dollarer against as the greenback falls. Italy thatews out of the Fivestar Party has halted Coalition Talks unless the democrats agreed to keep Giuseppe Conte on as Prime Minister. They previously pushed back against that, especially the leader of the Democratic Party, for hisis supporters Parliamentary Group had any say, they will have to concede, because they will want to say. We will continue to cover the story in italy. Coming up, we will speak to nigel wilson, the ceo. You can catch that interview at 11 30 a. M. London time. Lets get to the bloomberg first word news with Viviana Hurtado standing by in new york. Talking, but only if the u. S. Lift sanctions first. Thats according to hassan rouhani, following President Trump signaling he woul
Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump described himself to reporters. He said it is his job to wage a trade war with beijing. Somebody had to do it. I am taking on china. I am taking on china on trade and we
Appetite. Alix as you were pointing out, youre not going to see a lot of Movement Ahead of what is going to have any jackson hole. S p futures down by about two tents of 1 . You have utilities making a record high yesterday, so a little bit of risk on the side. You do have dollar u. N. An with its biggest drop yesterday. Time now for global exchange, where we bring you todays market moving news from around the world. Joining us from london is bloombergs emma chandra. From wyoming, Michael Mckee. From sao paulo, julia leite. First, i want to start in europe. Euro area pmis coming in slightly strongerthanexpected. Bloombergs,go to chandra bloombergs emma chandra. Emma we saw the pickup and composite pmi across the area. We also saw in france a return to growth for french menu factoring. The real headlines out of germany were in manufacturing remained in contraction mode is the engine of the european economy is not looking good, fueling those fears of a eightion, shrinking straight months
Recession. Blockbuster have mr. Kudlow we have blockbuster retail sales. Most economists on wall street towards the end of the week had been marking up their forecasts for the third and fourth quarter. David do you think they had a message . Alix a little bit. That was just a little bit of the networks they were on. Markets, the question really becomes where are the actual recession fears, and where are we actually ok . You can see that playing out in eurodollar right now. Living a bit higher, we can take a look at where the markets are trading. After the news broke that germany is potentially looking at stimulus, specifically targeting job creation, that is giving a lift to the markets. David big news as we were coming to the air. Alix we sort of knew this. David but now they are signaling targeting job creation. Lets get to the morning brief, where we look at the week ahead. Home depot, t. J. Maxx, and kohls reporting tuesday earnings. We get to see the fomc minutes from the last mee