There are some things moving including the likes of nike which received an upgrade. Weaker by 2 10 of 1 . Reports, well the will see how that plays out. Is weaker byira almost 1 . We will talk details in a few minutes. There was a deal. The active investors here. They have agreed to sell their Management Services business to some private equity investors. European markets, european stocks are down by half of 1 . The pound is also down. We had a massive rally on friday. The turkish index, the stock market, down by 5 . What istalk more about happening with turkey and syria later. Lets get to the main story. China, once more talks have fallen citing the president s phase one deal. Steven mnuchin says more talks and negotiations are on the calendar. We are joined by George Saravelos, Deutsche Banks global head of fx research. I real risk rally. We saw the brexit story and the trade story, both are faltering this morning. Lets talk about the trade story. There is confusion as to whether or
Demonstration is planned today. Protesters will show support for a bill in the u. S. Congress that could potentially sanction some chinese officials. South korean president moon jaein is apologizing after his close confidant resigned after taking the job. He says he thought regret for causing friction for his appointment of the justice minister. Quitting tot he was improve the environment former forms of the National Prosecution system. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Is 1 00 in new york, 6 00 in hong kong, 1 00 in london. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories from around the world we are following. 17 days until brexit. Johnsons chances of sealing a deal with the European Union are hanging in the balance once again. The bottom line for big banks. Earning sick off this we
Week, the bullish sentiment reading, the Retail Investment strategy. Many think, when they get super bullish, they will go in the right direction. Aiis going south in 2016, same in 2017. Last year, pretty correlated. Right now, pretty divergent. The bullish sentiment reading at a three year low. Some would say this is a bullish sign for stocks for the rest of the fourth quarter. Metal ive got the palladium on the mind. Offing a high today writing safe haven demand. China wants more talks before president xi agrees to sign phase one of trade deal. Worries about the tightening supply of the metal are still in play. The middle has gained more than 35 year to date. Incline since a steep drop that happens in june. Taylor we know that the treasury markets are closed today but one way we will be able to look at treasury yields is to look at the futures market. It is showing us that yields still are falling a little bit. We are down to about a 161 on the 10 year. Know it has been steepening a
Syria. The move comes days after washington effectively okayed the operation. The u. K. Government pushes ahead with brexit, although the current eu president says there is no chance of a deal this week. Shery later in Bloomberg Technology global link, we will outline the possible rescue plans for wework and what softbank can do to save the struggling unicorn. Lets get you started with a quick check of the markets. U. S. Futures at the moment unchanged after stocks fluctuated between gains and losses throughout the session. The s p 500 was led lower by utilities and materials. The Energy Sector down as wti lost the most rampant about two weeks, 53 a barrel. Investors still trying to figure out what a partial u. S. China trade deal actually means. Acrosslots of anxiety markets. Pretty light trading. We saw about 30 below average volumes when it comes to the 30 day average. We had u. S. Debt markets close away on holiday, so pretty thin trading. The focus this week now switching to earni
The threat of u. S. Sanctions. Adds that he will reduce rates significantly by yearend. And a different kind of trade war. Citigroup kicks off the week with week trading revenue expecting to weigh on the numbers. Manus a warm welcome to a break gear. The worlds first Largest Sovereign Wealth Fund has delivered its annual report. That theare saying twentyyear year return is forcing a 5. 4 the majority the 696 ilya and in at billion in assets. If you are one of the unfortunate people running into a bumpy time looking for a job, they are looking for if managers. Expect to add new managers. In terms of the positioning, of the boarde 55 actively managed, up from 50 . Private equity playing a critical role. There are some lines and there about india and china. We will discuss the markets with our guest host. A look at us take some of the markets. A record00 closed at on friday. Futures point to a bit of a flat open. The focus turning to fed speakers that we will hear from this week that also