A strong asia filtering through the european stoxx 600. Markets putting fears to one side of the trade tension will escalate but we still have time for them to deescalate. Pound all has to do with salzburg and brexit. You can see the dollar index a little bit down. Its important on some days like today to look at dollar. Danske bank shares down as the bank deals with a moneylaundering scandal. The chief executive also bows down. Dansk a down by 5 . Coming up, Beth Comstock joins us at 11 30 a. M. U. K. Time. Lets get first to a bloomberg first word news. The u. S. China trade war deepened as beijing announced retaliatory tariffs on 60 billion of American Goods. That came in response to donald trump levying 10 tariffs on about 200 billion in chinese goods starting next week an increase that rate in january to refuses toing concede. In retaliation, beijing announced plans to hit u. S. Good hikes to 10 tariffs. Bank to thee piggy world. We have been ripped off by china, we have been rippe
Black People Living in south africa is port city of cape town. Tell us how theyre being pushed out of areas to house the ridge. Ah, we begin the program in ethiopia, where the Prime Minister says hell travel to the front line on tuesday to lead the military against rebel forces. The year long conflict has intensified in recent months with fight. Its from the northern to cry regent advancing towards the capital. The conflict started in september last year when to brians held regional parliamentary elections. There were in defiance of Prime Minister abbey, i meant to wanted the vote postponed, because the pandemic weeks later ethiopian lawmakers cut funding to the region. The war has claimed the lives of tens of thousands of people and displaced millions. Victoria gate and b begins our coverage, ethiopians Prime Minister says its time to lead by personal example. Its a dramatic new step in the conflict. Its devastated the northern te gray region in a Statement Released on social media. A
stoxx 600 after a selloff in technology stocks. meeting, we understand that russia and opec will extend their production cuts. euro-dollar, i m looking at that, also pound. maybe finding an agreement. with some of her possible coalition partners. later on, we talk italian banks and risk with claudio costamagna. interview yousive don t want to miss as well. minouche shafik joins us in her first tv appearance since leaving the boe. i, we will talk with the socgen chairman. let s get to the bloomberg first word news. nejra: u.s. president donald trump has nominated marvin goodfriend to be a governor of the federal reserve. a professor at carnegie mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. opec and russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling. viennang to delegates in , all
s&p up 17 points higher and the nasdaq up 38 points higher. give it a little context. give it a little context. the china situation. what did it do yesterday? it was bad. it was bad. no today. it was bad. closed already. closed already. it had gone down as much as 5% in the morning. so they have indicated they re ready do more if necessary. but people don t necessarily believe that they re ready to do more because it can only do so much. and if they truly are trying to open up capital markets and inflow and be more free market orient, the more that they ve manipulated, the less it looks like they re going that way. right. because then you don t actually trade on fundamentals. you re always trading is the government going to come in or not. we ve been trading on that too for years now. you mean like for banking shares? i mean we don t have the u.s. cogovernment coming in and buying stockmarkets. are you talking about the feds? you don t believe th
expect sluggish growth. he said he wants to take that think about and rates. oil is currently unchanged. it has been bouncing around all morning long. yesterday falling to as low as $42.75 a barrel. it is entering a bear market, the 21% to its peak, and dollar coinciding somewhat with oil. that is holding your a one-month high, gaining as much as 1% over the past two weeks. let s get an update on what is making headlines outside the business world. we are checking in with them on first world news. has won theel special election for the house seat in georgia for the gop. she took 53% of the vote against democrats. democrats have hoped to capitalize on debt president trump s low approval rating. in london, the queen said the government will try to maintain its subtle relationship with european allies. she outlined prime minister theresa may s legislative agenda in her annual speech department. queen carried on without her husband, prince philip. he was hospitalized for an ele