Rishaad tariffs on washing machines, the reaction reverberating this morning. Lets take a look at whats happening. It definitely doesnt favor u. S. Solar firms, chiefly. Lets have a look at this chart on the bloomberg. Yellow line showing what has been happening first with solar for the last year, about 104 moved to the upside. One of the Biggest Solar Companies in china showing a a whole but appears as pretty much flat in the last 12 months. This is after concrete evidence to support trade agencies finding chinese imports harm the domestic market in the u. S. , according to the u. S. Court of appeals for the federal circuit. As a result, we are seeing reaction to all this playing out. And saying what they feel about, saying they will put some tariffs on u. S. Imports as well. Haidi we are hearing from the sayinginistry in seoul, they requested from the wto to put a stop to the trade concessions to the u. S. Solar is one part, and washing machines are the other. Samsung stocks falling,
Welcome to Bloomberg Markets the european open. Im matt miller. Cash trade is less than 30 minutes away. Trump trades antagonism for bipartisan appeal in his first state of the union address, but his opponents find little reason to warm to his vision. What does this mean for his big Spending Plans . And under pressure. Pushing down on may. The u. K. Prime minister tells rebels back home she is not a quitter as she tries to drum up trade in china. Plus, brazil keeps giving for banco santander. Our interview with the chairman in less than an hour. We are less than 30 minutes away from the european open. Take a look first off, at the futures. Drop in u. S. Stocks, we saw a recovery in asian stocks and it looks like this could be the end of the global drought. We do see the ftse futures down, although only just fractionally and use the gains in dax c futures and cac futures. Not quite as tech heavy as the u. S. Stocks got hit the hardest. Lets look at the gmm this morning. As far as the bi
Sell down on a slight earnings miss despite the dividend hike a better connection for bouygues and the fed sparks a fresh bond market selloff with Janet Yellens final minutes pointing to a more hawkish rate hike approach, amid an improved Economic Outlook we are just getting the german ifo data out. Expectations came in at 105. 4 in february versus the Consensus Forecast of 11 110. 107. 9 the Business Climate index came in at 115. 4 versus a forecast of 117. All of the components of the ifo seemed to have dropped here. Thats coming off very, very high levels back in january. We had high levels back in januariment ty men january. The manufacturing component rose to a new high. Im curious to see where the Capacity Utilization number came in its up at 87. 9 versus an average of 87. 3 still above the longterm average. That Capacity Utilization number is crucial when you think about some of the inflationary pressures that could emerge in germany. Also switching to the construction, i would
We take a look at their global ambition. This is Bloomberg Markets asia. Rishaad looking positive out there, just seeing whats going on. It does seem as though chinese equity markets could be in for a positive year. The first trading date for the chinese new year, its positive. It leads to a positive year to follow. Look out for that one. Haidi astrology might be as good as any other indicator, technical or otherwise, to engage sentiment. The dollar off to a good start. We are 30 minutes out from the market start. Not much of a lead from wall street, just finishing in positive territory for the benchmark there. But the selloff suggesting we are when it comes to sentiment on higher inflation. Singapore, taiwan, and malaysia just coming online. Asian stocks set to end the week on a positive note as investors debate the impact of rising bond yields and direction of inflation. Stephen mnuchin offering more comments. Did a highlight this morning was japans latest inflation reads. It posted
Crude rollover continued a little bit as the dollar trends higher. David at 10 00 this morning eastern time, President Trump will speak at the conservative Political Action conference outside washington. At 10 15, new yorks William Dudley and Eric Rosengren appeared together in new york here it the fed releases its semiannual policy report to congress. At 12 30, President Trump goes back to the white house to meet with australian Prime Minister malcolm turnbull. Alix we discussed the top three stories of the morning. A 315 billion china blowup. Higher wages may not lead to higher inflation . Where is the inflation in japan . David we are going to welcome Lisa Abramowicz and michael mckee. I heard when they bought the waldorfastoria. This shows some of the places where they made investments around the world. This came from nowhere, for me, and grew really big. Now the Chinese Government is saying, not so fast. So manyis raises issues, especially after what we have seen with hna, another