Eurodollar at 1. 109. If you look at government bonds across the world, they are actually advancing. This is on the back of german and chinese data. The focus is now on trade. But there is one stock we needed to look at a little bit more. 6. 1 afterining interim results. They have a new partnership with tencent. Well have more on the sector with burberry gating 6. 1 . Gaining 6. 1 . Up next, we talked to the silver lake cofounder about investing in tech. But for now, lets get straight to first word news in new york city. Boris johnson is back in Campaign Mode after a difficult visit to floodhit areas of Northern England where his response was criticized by local residents. In a speech at a factory which makes london taxis, the Prime Minister said getting brexit done would trigger a wave of investment. Jeremy corbyn, meanwhile, said he would not allow a referendum on Scottish Independence in his first term. Bloombergs latest poll average puts johnsons conservatives 11 11 points ahead of
We are seeing a markets trading sideways. A lot of the focus is on potential risks and the potential headwinds that could hit the markets quite hard. A lot of it to do with geopolitics. Keep an eye on the u. S. China trade talks. You can see the stocks europe 600 gaining. A similar move for the s p 500 futures and the 10 year yield is at 1. 54. Coming up, we will be speaking to the shell chief executive. Dont miss that exclusive interview just after half past 10 this morning. Lets get straight to first word news in new york city. Balance sheet growth resumes for the Federal Reserve chairman Federal Reserve, chairman Jerome Powell says dont confuse this for qe. In no way beuld confused with the largescale asset purchases. Neither are the recent technical issues nor purchases of treasury bills we are contemplating to resolve should materially alter the stance of monetary policy. Chairman powell also hinted at the possibility of another rate cut. He was confidence the economic expansion c
Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
Pound nowing the euro the highs of the session. The cable rate coming in a little bit weaker. Joining me now, Stephanie Flanders here on set with me, and from london, guy johnson. Usst blush for you, walk through some of the results. Guy this is pretty much exactly as expected. The pound is barely budging on the news. The market is pricing and very little action from the boe going forward. It is very hard to call exactly what the outcome of brexit is going to be. I think weve got 10 basis points priced in on the downside by next march. Just 17 by the end of 2020. The market doesnt know which way to call this one. The bank of england is indicating that the risk of a no deal brexit has declined. When a new deal brexit happens, the risk to the economy will be lester medic than having been be lessd for, but dramatic than having been perceived before. The market finds it hard to find credibility. Alix particularly if they go the way of norway. You have to wonder how that works. Talking abou
We also had gains in yuan lifting currencies. You can see the u. S. 10 year yield at 1. 72. The fixing at 7. 04. We are getting breaking news out of the philippines, another central bank that needs to do something because of the world economy. 4. 25, cut the key rate to following india, new zealand, amongst others. Coming up, we hear from the chief executive of adidas about trade wars and global demand. Now, lets get straight to bloomberg first word news in new york city. This morning, oil is rebounding from a sevenmonth low. Looks tos saudi arabia stem the slide and processes in prices. Bloomberg learned react will not tolerate continued price weakness as oil has been driven down to the worsening trade work and a surprise increase in stockpiles. Pakistan suspended a trade with india and downgraded diplomatic relations after new delhi revoked decades of economy for the disputed region of kashmir. Islamabad says they will take the matter to the united nations. India says the issue is an