And the indonesian president speaks exclusively to bloomberg. Widodo says no one wins in eight trade war. Of thea quick check market, futures gaining, but this coming after the s p 500 saw the biggest drop since august 23. Remember, that is when President Trump announced another set of tariffs on chinese goods, so we ,ve the s p 500 lower by 1. 58 with every sector lower, being led lower by energy and financials, with disappointing payroll numbers, less than expected, the august number also be a revised lower. Take a look at how futures in asia are trading, a little bit on the upside, up 3 10 of 1 . This, of course, after the nikkei fell the most in about a month and despite the fact that the japanese yen is at the strongest level in about a week against the u. S. Dollar, but sydney futures are down 1. 8 . This, continuing the fall after they saw the biggest drop since august on risk off sentiment in the previous session, kiwi futures at the moment down 1. 2 percent, losing ground for
We have appreciation of the yen which is exacerbating the problem in some senses as it makes exports less competitive. Theres a correlation between the strength of the yen and what happens on the knee cape or its of the stronger the yen gets the weaker the nikkei. Where sing a little bit of that today. The 200 lurched lower, led by those banks, increasing the amount it was going to charge itself for these complaints coming through for customers being a miss sold products. That stock is down and dragged the market down as did the broadsides from the reserve bank. In the four big banks. Australia passing on the Interest Rate they have been instituting. 10 year yields now 1. 59. 16 basis points loss in the last two days. Year. Or the 10 a rally in place as people look for a safe place to put their money. This is the position for gold asures, above 1500 here well. Down a fraction at the moment. The yen appreciating their against the dollar and their ego , perhaps limiting things a little b
Wellpositioned to win the streaming wars. It is all coming up today on coast to coast. Our top story, new reports say saudi arabias oil out put will indeed return to normal levels maybe the next two or three weeks. That is a lot quicker than the months we originally had been hearing. It comes as iran is now responding to the allegations made by the u. S. Blake burman at the white house to pick up the story from there. Whats the latest, blake . Reporter hi, there, connell. On the political side of things the white house is still walking a fine line saying that they believe iran or at least at this point signs are pointing to iran being behind the attack on the saudi oil complex. They are not yet willing to definitely say that they are absolutely certain that is indeed the case. Remember as part of the response from President Trump over the weekend, his initial response was that he said that the u. S. Was quote, locked and loaded. Yesterday on three different occasions when we heard from
Although there is sunday on r. T. International and that means were going to be bringing you some of the biggest stories covered here over the past 7 days ill be sure weve got sundays developments to bring you up to speed 1st on irans announced plans to accelerate its Uranium Enrichment Program and surpass the 3. 00 percentage cap that was stipulated in the 2015 Nuclear Agreement it says for energy reasons limit officials there have also recently ruled out any further dialogue with washington unless and further sanctions are lifted and irans deadline for that has now passed with europe only able to provide limited relief from the effects of those severe financial penalties as part of the agreement signed 4 years ago now iran curb its Nuclear Program in return for a number of sanctions being removed but that accords being on the brink of collapse since the United States unilaterally withdrew from it last year reimpose devastating penalties on terror. This creating crisis has also trigge
When we saw a massive drop. Union pacific was the rail in the news this morning on corporate earnings. We will speak with lance fritz a little later on. Union pacific beating on many important metrics. Lets have a look at europe. The stoxx 600 down just 1 10 of 1 . The s p down 5. 1 after a very disappointing quarter. Its dragging on the docks as well. I mentioned a rally in global bonds. At 2. 15 10 year yields , just a few basis points above the u. S. 10 year yield. The reason for that is the ecb. We will talk about that, as well as sterling, which is rallying on some brexit news in parliament not getting any new Prime Minister a mandate to go no deal. Meanwhile, a cautious pledge to provide fiscal support if dangerous materialize. We are joined by erik nelson, Wells Fargo Securities strategist. G7 finance ministers. Can anything concrete come out given the concurrence at work among these economies right now . Good point. A i think theres so much in these individual economies that th