Welcome to Bloomberg Markets. Before we get to that we have the bank of canada. Guy a bit of a nonevent. 5 matching. Im curious to see what ted macklin has to say though. He cannot make the same mistake he made in january. He cannot say we will pause, i think they will avoid that this time around. It will be interesting to see if the ecb and the bank of england make the same decision. How they are hawkish but keep pausing at the same time. We are near the top of the cycle on Interest Rate. But the sentiment is strong. Alix yields are popping lets get to that with michael mckee. Mike it matches the Third Quarter gdp. Services come in at 54. 5. That is up from 52. 7. New orders rise 50 75 57. 5 from 55. Unemployment rises but it is too late to use that in terms of forecasting the august payrolls but it it was 54. 7. Supplies are easing under the weather a little bit at 48. 5 but 48. 1 was the previous. And prices paid 58. 9 compared to 56. 8. Questions asked about if we see the economy f
Between the worlds two economic heavyweights. Chinese Foreign Minister wang yi is in washington hes been meeting us Secretary Of State Antony Blinken and is expected to meet National Security adviser jake sullivan. Blinken told the Un Security Council on tuesday he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to resolve disagreements over other issues including trade. Earlier this week, beijing restricted the exports of graphite which is used in many products, including electric cars. China produces 90 of the worlds graphite supply. The us responded by advising its top tech firms which included nvidia to stop exporting some of their latest ai products to china. Soaring demand for nvidias chips has driven its share price up by more than 200 over the past year, with china its leading buyer. Janet mui is head of Market Analysis at rbc brewin dolphin. Thank you for being with us. T
And is expected to meet National Security adviserjake sullivan. Blinken told the Un Security Council on tuesday that he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to resolve disagreements on other issues, including trade. Earlier this week, beijing restricted the exports of graphite, of which it produces 90 of the worlds supply. Graphite is a Critical Metal used in many products including electric cars. The us responded by advising its top tech firms which included nvidia to stop exporting some of their latest ai products to china. Soaring demand for its chips has driven nvidias share price up by more than 200 over the past year, with china being its leading buyer. Joining me now is rory green, chief china economist, and head of asia research, at ts lombard. Thanks for being with us today. What you expect to come out of these talks . ,. ,. , you expect to come out of these ta
Leading financials and industrials as well. I. T. , information technology, the only negative sector that goes handinhand with the nasdaq. Crude oil is down on the session at 8666. Our chart of the day, nvidia sharply lower but off its lows of the day. The move comes as the white house restricts the sale made for the chinese market. Our Kristina Partsinevelos is live at the nasdaq with more on this developing story. Kristina, whats the latest . Reporter we were talking a year later, the Biden Administration is realizing their controls werent enough to stop chinas military from advancing in ai. Thats why today the list of restrictions is growing to include even more advanced computing chips as well as close any loopholes that allow companies to send ai chips to china directly or through intermediary countries. Companies that want to export ai chips to china or other embargoed regions will have to notify the u. S. Government on a casebaycase basis. Additional equipment will impact names
We have a longerterm horizon and take them independently than any other sicycle. Iag is marking an operating profit for the First Quarter and marking a busy summer season. And Prime Minister Benjamin Netanyahu vows to stand alone ifness pushing back against a warning by President Biden not to invade rafah. If we have to, we will fight with our fingernails and with gods lhelp, we will win together good morning you can see a mostly green day for the european markets not as busy of an earnings day of course, were coming off the bank of england decision to hold rates steady governor Andrew Bailey striking a dovish tone. The stoxx 600 is up over. 50 . On pace for a sixday winning streak the markets started off mixed and then the markets moved higher after the decision. Stocks on pace for the sixday win streak right now lets go to the boards the ftse 100 here is up o over. 50 . Hitting a fresh record high. A quiet day for earnings iag is boosting that index the dax is up almost. 75 . Take a