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Pressure on the stoxx 600. Markets are trying to figure out exactly what the impact will be on extra easing out of china. You can see remain the at exploit own i know. 90. Central bank at 6. 0 tightening. Bank was the 10 year yield is trying to transfigure the fallout from the populace government that doesnt always speak to investors like they want to be spoken to. Coming up on bloomberg surveillance, we hear exclusively from rio tintos chief executive. Will be on about the metals out there and the glut and copper. Will go with you in just a second. Lets get straight to the bloomberg first word news with taylor riggs. Taylor as you were mentioning the former army captain stormed a huge lead in the first round of the countrys president ial election. Years ofters corruption and crime rallied around his message. Hes on track for victory in a decisive second round vote in october 28, when he will face his closest challenger. Thats the Workers Party candidate, fernando headon. North korean
AustraliaTaiwanIstanbulTurkeyUnited-statesUnited-kingdomParisFrance-general-FranceBrazilBeijingChinaFrancine lacqua is on assignment. The shanghai composite rebounding after it closed at a 14year low yesterday. A similar picture in europe after a riskon in equities, not by much, but the stoxx 600 to some. 2 . ,peaking of commodities yesterday we saw a significant life in industrial metals. Today, we did see copper dropping, but it did recoup itself in the asian session, and we are in the positive section now. Meanwhile, the 10year treasury yield not doing a lot. If anything, it was raising by one basis point earlier. 2 three the italian 10year, some disagreement over the budget. Coming up on surveillance, we will speak with howard shores at 9 30 a. M. U. K. Time in this show. First words get to news, and we go to dubai and Leslie Humphrey. Leslie Brett Kavanaugh antiwoman who accuses him of decadesold Sexual Assault will testify before a Senate Committee. The committee will hold a new hearing, vowing rusher from democrats and republicans. The accuser says he assaulted her at a party.
IstanbulTurkeyDubaiDubayyUnited-arab-emiratesShanghaiChinaUnited-statesUnited-kingdomHong-kongBrazilBeijingEconomists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher globally. We could be seeing a scenario of 754 china but looking at how markets do say were seeing slight declines so taking it in stride right now. Maybe a cushion in markets in terms of sentiment. The retail sales print is the lowest we have seen since last december. National bureau of statistics should start their press briefing to give more context. And we have helen chow out of bank of america. W
Retail-salesBureau-statisticsHelen-chowRate-cutCentral-bankConsumer-servicesBox-officeProduct-salesInterest-rateProperty-marketFirst-stepCentral-governmentCome roaring back end is holding, 12. 26 and routed dropping down, but still well over 80 a barrel. The markets seem to be holding the same strength that they were when i left over a week ago. In terms of individual movers, a lot to the downside. Tyson foods closing down some chicken factories, which is a concerning statement. But that is what they are called, up five and half percent because demand and prices are down for chickens. And 99yearold trucking business files for bankruptcy, shares down 17 area Icahn Enterprises continues the drops we saw last week after they cut the dividend, i guess it was unsustainable. Tesla down about 3 as the cfo steps down, cathie wood said she thought he was great and wishes him the best in the future, but thinks his successor is going to be doing just fine as he has been there for the last five years, since 2018. Talking about tesla, i want to get over to the west coast. Ed ludlow joins us, he covers the company closely. You heard what kathy told us
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