Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
December 15 for tariffs. A lot of focus is on the next 48 hours, we have an important poll for u. K. Elections that happen on thursday. Two days of campaigning left her leaders and two days of possible market movement. Conservatives have a clear majority over the labour party he read the japanese 10 year yield did touch 0 . Coming up on bloomberg surveillance, do not miss our exclusive information with Philipp Hildebrand from blackrock. Days ahead of the u. K. Election, Health Service funding , that brought an awkward encounter for Boris Johnson and a reporter. The Prime Minister confronted with a picture of a sick child forced to sleep on the floor of a hospital because of a bed shortage. Johnsons conservatives are 12 points ahead of the opposition labor party. The saudi arabia is embarking on three years of spending cuts as the Government Faces a widening deficit. A Fiscal Program marking a shift away from the stimulus helped power nonoil Economic Growth with opec output a drag on ex
Index is up 1 today as well. Key banks saying memory chipmakers are possibly on the rebound come so that has some rallying today. So that has semis rallying today. Its get to our guest, Charles Dumas of ts lombard. What will mario draghi announced tomorrow . Charles i think he will come through with some further 10 basis point move may be on the negative rates, from 42 50. 40 to 50, and with tiering on the banks. That is the important thing. Theres also likely to be a revisiting of quantitative sing, for which theres about , yeorth of scope Something Like 30 billion a month. Vonnie weve been hearing from strategists and economists that say there is really not much that that kind of easing will do, that that kind of stimulus, and even earlier on, our guest took exception to the word stimulus, saying this is not going to stimulate european economy. Charles i dont think it does. I think your guest was correct. The basic point is for 10 years now, or at least since 2011, the euro zone has
Good morning and welcome to do regular. Lets get to the top stories that set your agenda. Asian stocks fall in the wake of big tech declines on wall street. Traders stand by for a big week of centralbank decisions from the u. S. , the u. K. , japan, all around the world. We are bringing you the best analysis on Bloomberg Television and radio. The United Auto Workers bit union except a pay raise. The strike gets the big three u. S. Carmakers as they enter a new day as the team from the white house moves to detroit. Plus, as World Leaders gather for you u. N. General assembly, and Linda Burbach tells bloomberg they will end their reliance on china. All investors really bracing for what we will hear out of the centralbank decision. The ecb already kind of rocking everyones world last week. Really pulling back on a lot of pushback from across the continent. That will be significant when we talk about just how people are positioned going into the week of centralbank decisions. List are from