Rejected. The eu is expected to approve a brexit delay as a fasttrack deal is blocked by mps. A fresh election could be in the cards. Softbank swoops in. Wework accepts a 9. 5 billion bailout from the Japanese Investment firm. The company is now worth less than 20 of its valuation in january. Semiconductor stocks fall on weak forecasts from Texas Instruments as the trade war bites. Good morning. Matt we are less than a halfhour away from the european open. Taking a look first at the treasury yield, you can see we have come higher and are now going lower. May a riskoff day. Take a look at what the futures trade is showing us across europe. Ax futures down ftse futures so far have been little changed. Dax and cac futures are both down substantially. You can see the parisian equity twox futures down more than thirds of 1 . In terms of u. S. Futures this morning, a sea of red. S p, dow jones, and nasdaq all off. What does the set up look like in terms of brexit after last nights big boat .
Pans out as expected. It is forcing our projections of 2 . Well have more coverage from marrakech this hour with economy minister Paolo Gentiloni and nadia catalino. And one and done. Minutes the september meeting show officials dealing with an uncertain path ahead. The system is resilient. The u. S. Economy continues to surprise on the upside. Surprise all of us. I think there is an expectation that policy rates and Interest Rates will start to have real negative impact next year. And the uk economy grows 0. 2 in the month of august while the previous months print is revised lower as the manufacturing and construction sector contracts. U. S. Secretary of state Antony Blinken arrives in tel aviv and peaces together plans for the military response against hamas. This market picture has been going on with positive trends. We are continuing the positive momentum overall. We are looking at the ramifications. This week is the focus for the oil and gas. Up. 30 for the stoxx 600. Where are we
This is bloomberg surveillance alongside Lisa Abramowicz and annmarie hordern. The two of the issues under the Global Economy right now, right here in washington, d. C. The sustainability of the deficit in the u. S. And mr. Risch toward industrial policy. Front and center. Every conversation you have read outcome all roads lead back to that. Lisa especially given that it seems to be sovereign debt that is able to issue, not necessarily corporate debt when you talk about geopolitics and china and the u. S. , it will be fascinating to see how that is filled with given china is a member of the imf and is trying to create a Global Coalition. What is a Global Coalition look like in a fractured world . Jonathan it is the United States and japan, the United States and korea, the United States and malaysia. Malaysia stepping into the effects market. Japan and south korea turning to do the same. What you saw with yesterday is interesting. A meeting between secretary on, japanese, and south kore
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. The nasdaq up yesterday a percent, the s p just less than that the dow up a half percent. We had nine out of 11 sectors higher led by telco and energy this morning were expected to open higher, about 79, 80 points for the dow. The s p up 6 points. The nasdaq up 32 points. Tenyear treasury note yields rose again yesterday. Up to about yesterday we got up to 2. 66 today 2. 62 the trend of late has been a rising and steepening yield curve. Asian trade for you, strong across the board we did have a bank of japan meeting which, as expected, kept things in line as they were. The statement also very, very similar to last month. The nikkei rallied 1. 3 . The yen not doing too much off the back of the season a strong session across all of asia we talk about the rally thats continued at the start of this year the likes of hong kong up sharply. Already strong outperformers last year. Hong kong up 3. 2
The opening 20 minutes or so from now we are positioned for a higher stock market at that 9 30 mark europe has been open for some time and over there it is also been largely a positive day so far. You can see germanys dax of course and france the best performer. The 10year note yield so much of a focus yesterday as it same close to the 2. 9 not sure we ever got there were above it now thousand. Yesterday we flowed 2. 89, 2. 915 and stocks dont see particularly concerned wti is down though, higher than it was this time yesterday this morning stocks are looking to extend their daily winning streak, five all three indexes gained more than 1 yesterday shrugging off the stronger than expected cpi after what was a sharp decline early in the session and inflation data out this morning shows Producer Prices rose. 4 in january. That was matching forecast now the core rate minus food and understand also up 4 . That was twice what many economists had been expecting. What a difference a day makes.