Iran president said armed forces admitting their mistake is a good first step and that all involved in the accident will be punished renault denies reports of a possible split with nissan and france finance minister calls the rumors malicious welcome to the show. One of the main stories moving markets overnight, chinas yuan strengthened to the highest level after the Treasury Department removed the label of the country as a currency manipulator. Steven mnuchin said the country made moves they first attached the label when they accused them of using the yuan to get an unfair trade voontage the first rise in export since july signaling a recovery in demand following a preliminary trade agreement. Imports rose while the countrys trade surplus increased. An on annual basis Interest Rates rose 0. 5 . Chinese vice premier liu he a arrived in washington. Reporter two days ahead of the signing of the phase one trade deal in washington, d. C. The news has to did with china trade numbers for dec
Priced into that story. If there was a problem, where would eurodollar go . Vonnie in the u. S. , major indices down 1 4 of 1 , and the nasdaq down half of 1 . Some of the worst performers include Alliance Data systems. The street was disappointed for what it cant from epsilon from publicis. Little bit ofs a trepidation here now than apple has said it is going to spend a lot of money on apple arcade. What could that mean for game makers . The 10year gilts back to 2. 56 . E saw the selling last week lets have a quick look at the s p financials for today. We are down more than half of 1 , mainly on Goldman Sachs. Investors punishing a little more today for some of the results. We also heard from citigroup, and that stock has been positive for a lot of the session, so we shall see how we end the day. Morgan stanley coming later in the week. Guy lets get back to the foreignexchange story and talk about what is going on there. We will get some updates on the banks in just a moment. The euro
80 of what they get. Alix there are some things happening. There is legal stuff. Scandals about college admissions. Daved investigations on the recruiting thing. Says is a new ruling that you cant get together and limit, at least when it comes to college expenses, decant limit with the players get. They really should kind of get salaries. Alix the question is will the nike shoes hold up . David make sure they dont fall apart. Alix is going to get super hairy. T go toyou can go to brk selector on bracket. Your own bracket. Markets, doo the you think after the fed was so dovish equities would be flying, selloff on the dollar. That is not really what we are seeing. Futures are now flat. Even higher against the euro, and that makes sense. You see the bond rally. Yields down by one basis point in the u. S. The outperform or is in europe. Outperformrer is in europe. Markets not seeming to understand how to digest the dovishness. David are things that that . Bad . It looks pretty bad to me. 8
Euro area for the month of february. Pmi at 52. 8 is that compares with the previous reading of 52. 3. This is what i am looking at in the stocks europe 600. A lot of focus will be on the trade deal between the u. S. And china. Investors trying to digest with china lowering the growth target means for their portfolio. 1333. Urodollar, 1. Coming up, we speak to the leverage any chief executive a lamborghini chief executive live from the auto show. Lets get straight to the bloomberg first word news. Hi. China is looking at what could be the slowest pace of Economic Growth in almost three decades. Policymakers setting the gdp target this year from 6 to 6. 5 . It will give the government more room to maneuver. China is hoping for a gradual slowdown. This while it grapples with a debt legacy and the trade standoff with the u. S. Huawei is reportedly planning to sue to the u. S. Government. Bloomberg understands it will claim the administration overstepped by bending the equipment from its n
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