Neede consensus shows no for a rate move next year, either. Erand the Christine Lagarde gets ready at the ecb. The worlds biggest ipo opens with a bang. Is or isnt saudi aramco worth 2 trillion7 some major banks announced changes and cutbacks. They have to meet their efficiency targets they set. Rosalind the eu unveils a plan to go green that has some businesses seeing red. You see there is pushback. Taxation does nothing for the environment. Rosalind its all straight ahead on bloomberg best. Rosalind hello and welcome. Im Rosalind Chin and this is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. Another week began without a trade deal between the u. S. And china, and fresh data released on the weekend showed the trade balance shifting between the two superpowers. Chinas exports unexpectedly fell last month as Global Demand continues to w
There is no need for a rate move next year either. There are still risks, but they have lessened. The worlds biggest ipo opens with a bang. Is or isnt saudi around court worth they need to cut costs. The eu unveils a plan to go green that has some businesses seeing red. You can see already there is pushback for a number of industries. It is all straight ahead on bloombergs best. Hello and welcome. I am Rosalind Chin and this is bloombergs best. The most important Business News and analysis from Bloomberg Television around the world. It starts with a day by day look at the top headlines. Another week began without a trade deal between the u. S. And china. Fresh data released show the trade balance shifting between the two superpowers. Chinas exports fell last month as Global Demand continues remainsand a trade deal tantalizingly out of reach. What are the Key Takeaways from what has happened with the trade data when it comes to the trade deal . It is a reminder of how punishing these ta
Its stronger half of the trading. The korean won jumping most in five weeks and all of this ahead of the tariff deadline as well. A little bit of a risk on sentiment coming through in asian equities and assets today. Absolutely. And youre seeing it with futures trading in singapore. Having a look at what is going on there we are seeing an uplift. We could add to the near half percent gain we saw in the nifty session. Nfte. The dollar is falling against its Indian Counterpart the rupee , half a percent down in the last three trading days. The bloomberg dollar index erasing the gains we have had this year. 10 year yields a spike up as well. It is a time when we are seeing not just a lack of any Interest Rate cuts a perhaps a pause in Monetary Policy is the general feeling. Quite a few rate cuts priced in as the market is adjusting itself to factor in one or two next year. There are looking also at shadow banking and how some liquidity in the market is helping to unfreeze this troubled pa
Shery and a rocky road ahead for china. The worlds top auto market heads for an unprecedented second Straight Year of failed declines. Comingnd south korea online. Here is what to watch. Sophie stocks open higher with nikkei and topics opening with two. 2 . Data earlier this week showing a pickup in business spending and reduced prices. The yen looking steady after jay powells speech which reinforced the dollar has a negative bias. Which assets will benefit most from the feds 2020 outlook . We will check in on the open in seoul. 7 . Ospi up we have aussie shares moving to the downside with a risk on move this morning. Futures are also gaining ground. It lets check in on currencies this morning. The aussie dollar bumping its timeagain for a sixth moving below 68. 80. And the british pound back up above 132 above 1. 32. More on u. K. Politics now, heres a check of first word news. U. K. Votes later thursday in an election that will defined the relationship with the eu for years to come.
Climbed down. David both hong kong and Mainland China have come out in opposition of that senate bill which passed this morning, risk off as you can see here, 8 10 of 1 on the nikkei 225. Talking 25,000 for this one as well. China kospi down 1 , hind sang giving up about 230 points at the a sx 200 leading across the region, 1. 3 . Rishaad banks are under a lot of pressure. Also looking up what is going on elsewhere, other Asset Classes in play at the moment. The 10 year yield is unchanged in china, even as we got that caught. The 10 year yield is four basis points down in the u. S. It was only about a week ago we were talking and questioning whether we would get 2 . One thing adding a bit of negativity is the snp active afters, 3 10 of 1 lower a choppy session in the u. S. , retailers really dragging things down, the snp lower all of nasdaq did hit a record high. Cnh is to tenths of 1 lower. Su keenan has your update on first word news. u. K. Prime minister Boris Johnson Opposition Lea