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Good morning. This is bloomberg daybreak europe. These are the stories that cite your agenda. A selloff in chinese equities deepens as the property sector crisis continues with Country Garden ocean shares plunging. Save the date. Goldman sachs says the fed will start lowering rates by the end of next june with cuts being gradual and quarterly. Plus the yen weakens through a key level against the dollar, triggering speculation authorities may intervene to support the currency. Good morning. Happy monday. Welcome to a new week. The last week ended with stocks scrambling for something to cling onto. The s p 500 closed a month low. The nasdaq notched its longest weekly losing streak this year and the latest mixed Economic Data did not do much to help. If you are a stock or treasury bull, bill gross has a message for you. He says the fair value of the 10 year up and is about 4. 5 . ....
Expecting. Tesla had a week quarter but still a good outlook, rising after hours more than 12 , going all in on autonomous vehicles. The bar was high for mega caps stocks. That is the state of play for japan, japanese yen Holding Close to the 155 mark. The yen is a question of how much it is helping versus hindering. Consumer stocks are weaker, a catch22 for the boj, yen week. Boj needs to curb that. Holding steady will give traders incentive to push past 155. Lets change to korea, the kospi online up more than 1. 5 . Small caps are in the green, Texas Instruments is a another name with a solid forecast. Come back in demand so chipmakers, the korean won is weaker against the dollar. Paul in australia, staggered open. Premuch flat in the aussie dollar was showing strength relatively speaking, knocking on the door of . 65 u. S. Were going to get an important cpi prints. Cpi a ....