Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are
Both companies. Manus welcome to bloomberg daybreak europe. Talking about donald trump. I have no deadline, the forwards that blew the consensus word out of the water and it were stocks that rocked the bond market. December 15 is live. Good morning, its all going horribly wrong. Thing,that is the key whether we get that ratchet higher or a pause even if we dont have any kind of phase one. It has rattled markets and we are digesting President Trump here at europe. He has done a uturn, but china is on the official agenda for the first time. Market got and little bit of a rock yesterday. We saw yields drop by 13 basis points. I can smell the short trade. You have got the msci asiapacific in their. In there. We had a onemonth low. Data, that brings bluebays short trade into play in the market has moved forward on the probability of a rate cut. It was a bit of a shock, the oil market has got swagger. The oil traders are not bothered by trade angst. Much, i asked myself. Credentials for prot
Bill imposing sanctions on chinese officials. Donald trump and Emmanuel Macron share Tense Exchange over turkey as World Leaders meet in the u. K. Brinarry page and sergey step down as the head of alphabet with Sundar Pichai stepping over stepping on sco. As ceo. Matt good to be back. We have seen real risk off sessions. Tuesday,nday and yesterday really lost a lot of ground. Now, we are down right there. We turned lower as we head into trade. Even though we see green arrows across equity futures, you do see investors starting to buy up again. Young see a lot of movement on see futures, but you do futures up a quarter of 1 heard quarter of 1 and. 2 on mastec s p. S p. The nasdaq as if theooks riskoff mood we have seen december isthrough continuing despite positivity in the futures you. 2. Point to. Hong kong is the worst performer renewed focus performer. Renewed focus on trade. Keep an eye on your bloomberg as a result of present trump being here in earlier in the day. A focus on trad
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump described himself to reporters. He said it is his job to wage a trade war with beijing. Somebody had to do it. I am taking on china. I am taking on china on trade and we