The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
Freezing hiring sending their shares lower peugeot gives a soft outlook. The tie up is on the right move. This is not a merger on the crisis mode. This is two Mature Companies they know the challenges ahead are very significant and will be in a better shape coming together as we mentioned, the dow has suffered the twoday point loss wiped 1. 7 trillion off the s p this follows the fact that u. S. Authorities warn a pandemic is likely they told americans to prepare for, quote, Community Spread of the infection. The transport sector had its worse day. Energy and tech more than 10 off recent highs tech off a record close one week ago across the major indices were much higher than average. We look at what is looking likely all three of those at the moment looking to trade down at that market open. As investors took money out, they were looking for safe havens which says u. S. Treasuries were in the yield hitting an alltime low. The 30year as well. Just know that investors did flee those in
Sense that there are Different Things that come out we had the futures down, the equivalent the s p down 1. 2 and came out with a statement with hauwei we didnt come out. New york times cited sources saying there might be nonessential equipment. You understand what i mean, meaning that there is a story floated, let me be more accurate that made it so that the bear market of last night ended no stocks trading. Its kind of amazing when people started the futures in 1984. Did they ever envision a world, this is our gamble if there is no stock trades, its a gamble. I feel the momentum behind these talks. I cant believe theyre having talks after whats gone through this week. I dont know. Well, you cant listen to lighthizer, you know, the contradictory nature of this sometimes that we see from the administration, whether its navarro contradicting kudlow, lighthizer, mnuchin and the president s tweets, it makes it very difficult one would think for an investor to try to figure anything out ex
Silence. Bloomberg will be covering those events through the morning. Alix 18 years. In the markets, you have seen the s p hold steady, but the churn beneath it has been quite staggering. A huge, unbelievable shift, added momentum into value since value weeen into have seen since 2009. Youre seeing some buying in the bond market. Yields down by about two basis points. Over in europe, couldnt decide on a bond bear or bull day. Time now for the global exchange, where we bring you the market moving news from around the world. Joining us are bloombergs enda curran in hong kong, in london, emma chandra, and Michael Mckee joins us in new york. The Hong Kong Exchange made an unprecedented 36. 6 billion offer for the london talk exchange. Bloomberg london Stock Exchange. Bloombergs enda curran has more. Enda obviously this is a very ambitious corporate transaction. , itably more importantly would be a real test of Investor Perception towards hong kong. Remember, this raises all kinds of questi
Country garden triples. The developer faces a faces a dt that could trigger huge effects on the Housing Market which brings us to is this the crisis we are looking for . Everyone is worried about commercial real estate. From new york, i am alix steel. Welcome to Bloomberg Markets. A lot of good stories that could portend where we end up a volume is really bite. It feels like august. Guy tomorrow is what they are waiting for. The inflation printout from the united states, a massive event. I suspect its a caution as a result of that. Things are happening with paying attention to. You see what is happening with european nation inflationary narratives . The real estate is to respond to think about. We had the moodys downgrade of the banks, one concern cited was commercial real estate. Cited was commercial real estate. Its a substantial portion of the office story. Wewe have the story coming out f china, Country Garden, is this the next shoe to drop . When does this is this the next shoe to