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Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to ge ....
And samsung sticks with the big screen as it launches the new note 10. It is also working with microsoft. Sophie u. S. Stocks and treasury yields stage a comeback signaling more optimism. How are things shaking up markets in asia . Did see the s p go through the largest recovery since december 2018, but traders still clearly weighing as a valuations after we did see the biggest global plunge this week since february 2018. At the nikkei futures, a little bit of weakness, down about. 3 , and new zealand opening up about. 3 percent. We did see the new zealand central bank, india, and surpriseentral banks Interest Rate cuts. Some things we are watching for today, the big one is china trade did a, expecting exports and imports to decline, reflecting some of that pressure from the trade war. Other early indicators also pointed to some weakness. Also biggest trading partners have had weakness as well. Also watching out for that philippine ....
Up next remarks from bank of america Ceo Brian Moynihan on the state of the economy in the us financial system. Other topics include capitalism and crypto currency as well as banking trends among millennials and jens hes, this is hosted by the city club of cleveland. Good afternoon, we are devoted conversations of consequence that help democracy thrive. It is thursday, june 29th. Im the chief executive here, daniel moulthrop. Im here to introduce our speaker, brian moynihan, ceo of bank of america. The country and world grapple with the aftermath of the pandemic, inflation, supplychain disruptions, the Banking Industry has felt its share of volatility. In march, several small to midsize banks failed leading to a chain of events we refer to as the 2023 banking crisis. On top of this, the widespread calls for increased equity, access to economic opportunity, increasing re ....
There is rotation taking place record, the dow hits a not so for others that are under pressure. Garth from growth to value and you have benchmark with the growth and the credit keeps Interest Rates at an is belowre and this go up here andl here a big move expected and it suggested that this arquoise line will be aneficiary and there could be with thisation here areiction for 2018 and we here. To kick things off we are seeing the direction go down for equity markets here in japan and the stocks are is upng and the share marginally at the open. Now, this is a top pick and this trades at a session high with retailers reversing earlier declines sparked. Kiwi is finding support and this is becoming flexible. Look at thiscloser the that will come out and are performing well and you have one of the weakest down and of microchips in on this check position that extends after anding to a fivemonth low gains ase are slight there is a deal t ....