Saying america is winning the trade with china but the u. S. Deficit is set to balloon to 1 trillion. Hong kong protesters mark one month since gang attacks on the subway. Wantswants beijing companies to toe the line. Shery lets get a quick check of the market close in the u. S. Stocks are higher but after paring back some of those earlier gains, every sector in the s p 500 was in the green. We had Consumer Discretionary and tech leading the way. Not to mention we had numbers out of retailers like lowes. We also had them from target. That helped with investor confidence. We had home depot showing signs that the second half would be strong. We had seen that rally. This is adding to the sentiment. At the same time, we have the fomc minutes. After that, the twoyear treasury yield rallying. And we have eight the yield curve and we have the yield curve inverting. S p active futures up. 2 . Lets see how we set up in asia. Sophie asian stocks brushing off the midweek fumble. Qantas and calls
We are not a leading not letting people vote or coming it was strange governments. We just want people to vote. Nejra tense weekend of protest. Hong kong takes another violent time. We are live from the city police headquarters. And saudi aramco releases earnings for the first time. We will hear from the cfo later this morning, dont miss it. Matt good morning from the german capital, lets take a look first at a couple of the market prices, you will see the influence trade. You might wonder why asian markets are gaining right now. Thanuan fixing was weaker some may have expected and it does look like the chinese are indeed holding the yuan steady around seven. Right now we see the offshore trade at about 7. 1 you want to the dollar. Thats why youre seeing futures up in europe and the u. S. Taking a look at your stocks futures. Is . 93 and change. Taking out the highs we saw in 2016, and the next move up would be the highs we saw in the financial crisis. Europound at a strong level. Nejr
Considering that we are hitting at sitting at super low borgen drapes right now john deere a bellwether for the agriculture and farming industry missed earnings and lowered guidance on friday due to the high degree of uncertainty around the u. S. Trade war with china Equipment Sales at the manufacturer declined 3 percent compared with the same last quarter fell in many men machinery manufacturer caterpillar also mr earnings and revenue estimates last month and cited farmers disappointment and postponement of major equipment purchases this data falls in line with previous reports of a slowdown in capacity as businesses tighten spending as trade war head winds intensify retail sales in the u. S. Were decent for the month of july as it increased by point 7 percent in july versus a cement point 3 percent the study pace of Consumer Spending is somewhat we assure and of the healthy labor market and low Unemployment Rate however keep in mind that these tend to be lagging indicators. Recession
Fed reserve was. Much on the top and hasnt responded nothing gets a lot out of what has happened but its not for fools who want to get anything like 2000. So another big slowdown scare this week was actually germany after the official g. D. P. Think i showed a contraction on point one percent in q tip so we may already be in a 2nd quarter of the contraction which would meet that textbook definition of a recession is the german recession already on its way and similarly whats the most important metric to follow when trying to make that call. I think it is germanys having a recession and germanys christ didnt have a credit because german banks and german policies are actually discouraged brought in borrowing and theyve survived mainly on huge strides. But that is a selfinflicted problem as germans are obsessed with running a balanced budget or even better that i think runs us but theres more monetary theory in the sauces if the government runs a service because the private sector they ha
Are following this tuesday, oil firststudy after aramcos half showed no surprises. Income fell, but still the most Profitable Company in the world. Argentinian stocks in the peso, potential to roil wider markets, too. Shery lets get a quick check of markets closed. In the market session, another down day for submarkets with the s p 500 falling below 2900. Financials and materials led the declines. The s p 500 at 1. 2 . The nasdaq also fell. Risks rising in argentina. Political uncertainty in hong kong. Coined futures following falling the most since 2013 on a bearish outlook report. All that added to pressure across the market. U. S. Futures up 0. 1 . Lets see how we are setting up in the markets. Selina . Selina after that down day in the u. S. , asian futures set for a weak open. Chicago nikkei futures change, but futures and seoul, sydney and new zealand down 0. 8 . Markets were closed yesterday in india, malaysia, thailand, japan. Concerns about political unrest in argentina, hong