What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
That. Surprised at david who do you it was directed to . [laughter] alix probably President Trump. David you think . Alix but it isnt the first time we have seen resident we have seen president s talk to fed chairs. It is the first time i think i have seen a president say we will fire you publicly. Alix in the markets, if you are an equity trader, you are probably breathing a big sigh of relief. The question is, is this a bit of a relief rally or did we finally find some sort of a bottom . S p futures up 8 10 of 1 after the worst two days of this year. Eurodollar flat. A record, still seeing low in the bond market, so it feels like the same story, maybe just a pause. David now it is time for bloomberg first take. We are joined by Stephanie Flanders and marty schenker. Lets start with this announcement. The Treasury Department found china to be a currency manipulator. Result, secretary mnuchin will engage with the imf to eliminate the unfair competitive advantage created by chinas lates
Will shortly go on to what is happening at the ecb and what is happening with mario draghi. 0. 3 . An stocks down to a lot of the impetus will be on Central Banks. A lot of the focus will be on bonds. Leading the stoxx 600 lower, looking at oil. Adding to uncertainty over whether production cuts will actually be extended. Lets focus on the future of the euro area. Five years since mario draghi establishes answer to the jackson hole symposium. You that live as it starts. Investors will be watching closely for any hints on how mario draghi might use the toolkit. He will be keen to convince traders can get back to her target of 2 . A target of 2 . Paul, what is the market expecting from them . High in somens are respect. What is priced in, the ecb will move to action. The kind of feeling in the market is that he has got to. Ive a nod thelast ecb meeting market is looking for more. Asically the front end of the market has ced ecb action, a rate cut inflation is collapsing out of control. T
civil servants just staff. but with nurses, teachers, civil servants just some - staff. but with nurses, teachers, civil servantsjust some of - staff. but with nurses, teachers, civil servantsjust some of those | staff. but with nurses, teachers, l civil servantsjust some of those in civil servants just some of those in dispute, we have one big question this morning can we avoid a summer of strikes? in the last half hour, the health secretary has written to pat cullen, the woman who ll lead the nurses onto the picket lines for their most serious strike. she s here in the studio. and so will be the the cabinet minister, tory chairman, greg hands. how will the government stop that strike from happening? but you might wonder, does labour have a better answer? the shadow health secretary, wes streeting, is with us. and we ll lift our eyes to the heavens thejupiter icy moons explorer begins its eight yearjourney hunting for life beyond earth. professor carole mundell is the
of 30 billion dollar rescue package for the embattled first republic bank in the us. hopes turkey will ratify finland s application for nato membership as the leaders of the two countries meet. and a former professional surfer has broken the world record for the longest surf session in australia. hello and welcome. the chinese president, xijinping, will travel to russia next week for talks with president putin. the state visit follows us claims that china may be considering sending weapons to russia to support its war in ukraine. meanwhile, there s been a big boost for the ukrainian government. slovakia has followed poland with a promise to send it combat aircraft. from kyiv, james landale reports. before the war, they agreed what they called a partnership with no limits. one that next week will bring president xi to moscow in a rare show of solidarity, for a leader in need of allies. china has neither endorsed nor condemned president putin s invasion of ukraine. but it has k