Start on black friday, despite shoppers already splashing out on deals with online u. S. Holiday spending expected to top 140 billion and a Software Deal with japans top supermarket operator, putting shares on cost for their best day since may 2018 well, good morning, everybody. Welcome to street signs. Wall street was closed yesterday for thanksgiving, but asia was negative overnight we had the hang seng drop 2 , the weakest drop in three weeks. That spelled out the tone for europe you see behind me, there is a lot of red on the board. Again, a lot of concern building about the possibility of phase one trade talks breaking down. This after President Trump signed into legislation a law that supports the hong kong protesters, there has been somewhat of a point of contention between the two sides over the last 24 hours or so one of the reasons why we have seen declines in asian equities and as were seeing now, stoxx 600 trading down the open was weaker. We recovered some ground in the la
Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Of a uk election still looms, despite the governments double defeat in the house of commons 48 hours ago he was leading the chants of stop the coup, let the people vote. Now hes saying, stop the election, stop the people from voting two year treasury yields hit the lowest level since 2017, while Goldman Sachs ceo tells cnbc exclusively a recession could be on the horizon. Bond market is reflecting a sentiment there is anxiety about the prospect of a recession, in the u. S. Less evident in the data, perhaps more evident in a variety of different markets like germany here in europe. But it is possible well, markets are trading a lot more buoyantly overnight, especially on the news that the two sides, china and u. S. , are reportedly going to have a meeting in october thats given a relief rally to asia markets and u. S. Futures as well as were heading into this european session you see there is quite a lot of green on the board already for the stocks 600 after the better session yesterday
President trump discusses a personal meeting with xi jinping. Carlsberg shares are at a fresh alltime high after reporting strong first half growth in asia smashing expectations well speak to cees hart at 11 00 Central European time. It has been a tumultuous 24 hours for stock markets. 800 poie dow, lots of volatility and red ink on the screen. All precipitated by the inversion of the twos and tens yield curve. We started off attempting to open up firmer, but as some of that positivity fizzled out in the last half hour or so now every european major is trading in the red the italian index is closed today for holiday. All of the rest are trading in red territory. Ftse 100 down about 0. 35 the xetra dax today, again, just below the flat line. A lot of scrutiny on exportsensitive sectors today we are seeing a rebound in tech, for example, one of the sectors that is exposed to the trade war. Cac 40 trading below the flat line you can see the spanish index just shy of the flat line. Yesterd
Brian sullivan is reporting live for us from hong kong today. He will join us in a few moments. Behind me you can see the dows action from yesterday shedding more than 800 points for its fourth worst point drop on record, closing down by 3 or so after yesterdays historic move, here is how your money and the Global Markets are setting their day up today stock futures indicating the dow will open higher some stability brought to the markets. Interest rates are a huge part of that market story the dow jones up by 136 points we lost 0800 yesterday. Yesterday we saw the socalled inversion of the yield curve the twoyear treasury note and the tenyear treasury note yields, this means shortterm bond rates are now paying more than longterm bonds, historically this is considered a possible recession warning sign and new overnight, the yield on the 30year treasury, the long bond in the United States, dropped below 2 for the first time ever. You can see right now currently 2. 016 that move lower, a