part of that down to the uae and kuwait deciding to cut production. haslinda: china s factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. bloomberg markets coanchor tom mackenzie joins us from beijing. take us through the key takeaways. thatthe top line is producer prices fell more than expected. 3.1% compared to a drop of 1.5% in march. that does suggest weaker commodity prices. going forward, bloomberg intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. that raises questions about the possibility of these corporate s and their ability to pay down debt. consumer prices rose 3.3%. poor crisis continue to rise at a slower pace. pointing to a weaker demand picture. it is going to reinforce the case for a more certain policy support. moderating,pi is the other question is whether this starts to spread internationally as well. they are saying there could
virgin australia tracks interest from india s largest by just budget carrier. shery: let s get you started with a quick check of how the markets are trading. we are seeing u.s. futures under pressure, this after the regular session ended mixed. markets pretty optimistic about reopening some parts of the u.s. economy, but also a bit more cautious given that we have seen flareups around the world. the s&p 500 finished unchanged. health care led the gains, but financials weighed on the index. the nasdaq composite getting for the sixth consecutive session, outperforming again. the longest winning streak this year. take a look at what oil is doing. wti gaining ground, above $24 a barrel. this after it fell and erased earlier gains in the new york session. tohave saudi arabia s plan output, providing a boost but that was not sustained. we have opec given its monthly oil market report on wednesday. haidi: in the u.s., president trump has responded to reports china is considering scr
up 3.6%. that was widely expected as we see more risk out there but unchanged, the central bank in china offering little relief to bond traders. last week, massive cash injections. yields are probably here to stay a bit longer. the mainland mod market having a solid year but quite a few headwinds could keep it under pressure. phase one trade will looking like it could be signed. that should bolster the economic outlook after third-quarter gdp averted a print below the 6% level. we got china s new order supported by market stimulus. boost if trade tensions ease with regard to that. 1.85 on the treasury 10-year. that is the position we find ourselves in. su keenan is in new york with first word news. su: we start with boris johnson. the prime minister is going to try again on tuesday to get parliament to allow an early election after failing on monday to get the two thirds majority needed to push it through. johnson says he will present a similar version of the legislature whic
what is required to bolster the economy. basisx faces of tech of grilling. the biggest showdown with congress in 20 years. shery: let s get you started with a quick check up on how markets closed. the tuesday session in the u.s. that&p 500 halting five-day rally that we saw in the past week. we have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. the nasdaq fell .4%. energy producers were waiting on the s&p 500. we continue to see the oil selloff. we had great news when it came to a few earnings. goldman sachs jumping after the beat on their trading revenue. pretty solid bailout when it came to u.s. retail sales in june. let s see how we are setting up for asia. sophie: this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a two-day decline. a rise in iron ore output. korean chip related stocks on view on reports that they are testing hydrogen fluoride from other
you a special report from kabul. it s all over australia thrash england to win the ashes, after the tourists collapsed in melbourne. and coming up in the next 15 minutes, we ll be speaking to former england cricketer monty panesar. hello and welcome. people in england are being urged to take care in the run up to new year s eve after the government decided not to bring in further covid rules. ministers are keeping the decision under close review but say the early indications are that the omicron variant is not leading to the same level of serious disease as previous waves. the government is to wait untiljanuary before re evaluating the situation. but scotland, wales and northern ireland have all introduced further restrictions this week. people in wales and scotland are living with curbs on hospitality, including the closure of nightclubs and all three nations have imposed restrictions on social mixing indoors. in the united states, health officials have halved the recomm