While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl
Anna a warm welcome, this is bloomberg daybreak europe. Another cracking show for you, the lineup looks like this. Interview at 6 30 u. K. Time. Toa and will also talk Valdis Dombrovskis in an exclusive interview. The u. S. Equity you jurors are running at the bottom of the screen. Should begin thanks to the junkbond market . Maybe the money goes back into highyield, but up she goes. 20 400, 20 500, 2600 is where we are. For aning get set evolution of the stock market rally. Is there anything that can stop this . I think janet yellen also added to this. There is a bit of risk maybe with raising rates. Fascinating comments from janet yellen. Investors who are long in the equity market might be singing in the asian market. The hang seng hitting the highest in a decade. Asia heading for it record close, new alltime highs in u. S. Stockmarket. Levels. The 2070 we need to talk about with tapping in emergingmarket currencies. The korean won and mexican peso, the korean won up at more than a
Welcome to the countdown. Im anna edwards. Were a lot of news around greece. We get to that in just a moment. We heard the ecb yesterday that they were increasing liquidity. A lots about the me speak to the eu commissioner. That is an exclusive conversation and it takes place on this program. Used to be in charge of latvia. Then later we theres thinking that his vision for londons infrastructure later, we will be joined by a host of ceos. Those Companies Release their numbers for the most recent quarter. The president of the Swedish Telecom giant joins us in just under an hours time for his first conversation. Those numbers are just breaking now. Theyre keeping their outlook unchanged. Coming in just under estimates. Lets get back to greece. Finance ministers authorized a bridge loan to greece. That is according to the irish Prime Minister. It paves the way for a third of bailout that could keep greece in the common currency. Lets get more with Caroline Hyde and hans nichols. Yesterday
The terminal. 57. 4. Withigure bang in line earlier estimates. A strong figure if you look at the pmi manufacturing figure five yearsst four or or so, that is equal to the high of a couple of months ago. So, manufacturing going from strength to strength. 57. 4, the actual figure 57. 4. Sets us up nicely for the ecb meeting on thursday, backing some view that the economy is Strong Enough to weather the beginning of the normalization of of ecb policy. Check out what is happening with European Equity markets. We are on track for a weekly gain. Weve been alternating on a weekly basis for the lesast six. Infell for a third month august. Worst losing run since february 2016. The u. S. Jobs report. The euro is down against the dollar today. After rising for six out of the last eight weeks. Be question will be well asking our first guest of the hour is has the dollars fortune changed . To. 10year yields, fell 2. 11 , lowest since november. Est month for the u. S. 10year talking about falling y
Daybreak europe. I am anna edwards. Manus i am manus cranny. This is where does dollaryen go. A romance between donald trump and shinzo abe, the market likes what it has seen on the golf course and front steps of the white house, so where does dollaryen go . 115 . Net short positions have been reduced, Asset Managers have reduced positions, so might be running into a resistance level. Does that dictate where dollaryan gomes . We will talk about that it. They could guide risk sentiment, cpi numbers or capitol hill. The risk rate, dollaryen , in terms of risk sentiment, watching out for what janet yellen has to say. Stanley fischer talking about concerns. The asx 200 up. 7 . Rio tinto hitting a threeyear high. Manus is it a dollaryen story or dollars story . We have not seen a winning streak on the dollar like this since early november, all see markets moving, but look at that iron ore, the highest in two years. You have a surge in china to the highest level and 13 months, 12. 5 last wee