There is a little bit of a lift to the market. If you look at the stoxx 600 gaining 0. 3 . Jobs reportg at the and whether that means the fed will have to cut a little bit more support the u. S. Economy. Thats after the energy weak in russia where Annmarie Hordern did a great panel to figure out if opec cuts will stay in. The euro is on the back of a little bit of brexit news. There was a brexit delay or even the possibility of a no deal. Coming up, we speak to the oil minister of the biggest opec producer. Dont miss our exclusive interview with nigerias new petroleum minister. But get straight to bloomberg first word news. Obviously is retiring after fullyear results in february. The upstream chief replaces him. He caps a 40 year career with bp with nine as ceo. Xi jinpingp says should investigate the biden family for remarks the remarks coming after reemphasizing his call to the ukraine president. Was just as bad as in ukraine but offers no evidence. Global news, 24 hours a day on ai
You had greeks being able to sell bonds for the first time a negative yields, so there is still search for demand in that negative yield world. Time now for global exchange. We bring you todays market moving news from all around the world. Current is in the is in the current is enda ant, anna edwards, and Kevin Cirilli. Reportedly, china is still open to a partial trade deal with the u. S. As long as no more tariffs are imposed. Enda currannt joins me from hong kong. Enda the fact that the hong kong delegation is still heading to washington speaks to the idea that china is in the market for some kind of agreement on the trade front. Colleagues in beijing are reporting today that china is willing to do more, perhaps step up its purchase of agricultural goods in the hope that at the y least, the u. S. Doesnt that the u. S. Withholds additional tariff increases. At the very least, it seems that there is some kind of play to get a partial agreement. Alix thank you very much. The National B
Kong reels from a violent day of protest. Police fire water cannon, tear gas, and rubber bullets as Chinas National Day approaches. Shery lets get you started with how mark how markets are trading. U. S. Futures higher by. 5 . Ons coming after the s p 500 one point on friday fell below the 50 day moving average. Bounced back. Still ended the session down. 5 . We had some traded concerns with a bloomberg report that the u. S. Might be considering restricting those portfolio flows into china. Trade sensitive sectors were hit. The nasdaq. Lost more than 1 we also have oil moving, or seeing its biggest weekly loss since july. Now we are seeing wti starts higher at by a tens of 1 . 56 a barrel. Lets see how we are setting up in asia. Sophie futures are hinting at a cautious session potentially on a busy final trading day of september. The offshore yuan recovering a touch after slipping to a three week low on friday on the u. S. Report falling options. Board ahead of the visit to the u. S. A
Inventory data at the bottom of the hour. Brent crude holding just below 59 a barrel. Snapping a two day win streak, i would not call that weakness but moving slightly lower. Guy you and i are of the same mind because i think we need to just view the rally that we are getting in equities with a little bit of wariness and weariness as well. We are basically where we were three days ago. People have been getting excited about this rally this morning. I think you take a look at the mediumterm chart, maybe you would get a little bit more perspective about that view. We are up by 7 10 of a percent. European stocks are up a little bit. One thing i will say is the sector breakdown eventually, the sectors that are winning today are the ones that are most exposed. The stoxx 600 up by 1 10 of 1 . We are seeing some of the market currencies, the rand and the ruble trading reasonably strong. The east africa rand is up. Our top turning down to story, china reportedly still open to a partial trade d
Could move the eurodollar. We also focused on the oil markets. Saudi arabia faces a daunting oil market surplus. Up, they hear from the former lng executive. He proposed a takeover offer by the Hong Kong Exchange and we will have plenty more on the corporate story. It broke about 24 hours ago. They will have a look at the exact response of the london Stock Exchange. Lets get straight to bloomberg first word news. Bloomberg has learned in a show of goodwill that china may resume u. S. Farm inputs. This comes as donald trump says he is postponing a 5 tariff increase by two weeks. The delay causes u. S. Levies on chinese imports at 25 . Sweeping cats from a no deal brexit. Chaos from a no deal brexit. The warnings outlined in a u. K. Government paper. The internal document is called operation yellow hammer. Ministers were forced to release it to comply with the deadline. Law intendeding a to prevent Boris Johnson from forcing through a no deal brexit but he says he is ready to do it anywa