Well, i was all alone until you guys showed up were going to start off with the markets. Volatility heating up. Weve seen a big rebound in stocks this morning, though the yield curve is sending its strongest signal yet to the markets of recession inverlt verting to the worst levels since 2007 here is ubs Global Wealth management head of trading strategies ian, the move in bond yields, at this point whats driving it because some of the fundamental data later, Consumer Confidence yesterday has been a little better and yet we continue to see these new lows on treasury yields. Frankly there seems to be a race to zero in the global sovereign debt market, whether its driven by the fed or the ecb or whats going on in japan. The fact of the matter is u. S. Treasuries yielding even now north of 2 end up being a huge buying opportunity, and thats what we saw in the long bond, and thats why theres been this consistent bid for ten and 30year yields at this range. And thats why the president is so
Pakistan accuses india of turning cashmere into the largest prison on the planet. In north carolina, republicans are hoping an 11th hour pep talk from President Trump will propel them to a special election victory today. The president urged an arena packed with supporters to vote for conservative state senator dan bishop, who is in a tossup battle for a vacant house seat, facing dan macready, a former marine. Both sides say the contest is too close to call. Global news, 24 hours per day on air and on tictoc on twitter, powered by 2700 journalists and over 120 countries. Im Mark Crumpton, this is bloomberg. Its 1 p. M. In new york, 6 p. M. In london, im vonnie quinn and welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, the top stories on the bloomberg and from around the world, we are following Charles Koppelman, President Trump sacking his national because he disagreed strongly with many of his positions. The deputy advisor has been named the acting in
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to get a cbi data from singapore. Thise checking on the end m
Right now. Lets get it started lets get it started in here good monday morning and welcome to Worldwide Exchange im dominic chu in for Brian Sullivan today here is how your money and the Global Markets are setting their day up, at least to start. Stock futures indicating the dow will open by about 215 points. The s p up by 23 and the nasdaq up by 61 points as well. The bond market right now is already in focus because yields are creeping higher. The yield on the tenyear treasury note right now currently just around 1. 61 . The twoyear note yield 1. 53 . So for those keeping score, that eight basis point spread between the two getting wider after an inversion that briefly happened over the course of the last couple weeks lets go worldwide now in asian trading, Central Banks in china unveiled an Interest Rate reform aimed at helping Lower Borrowing cost for chinesebased companies. That in turn helped send the entire market in asia higher the shanghai composite up by over 2 . The hang son
Matt miller in berlin. Lets check in on whats going on in the market. We do have gains across some european indices, right now you can see the stoxx 600 up. 2 , the broader European Index is gaining. The dollar is also strengthening against the yuan, you can see one dollar now buys 689. 71 offshore, and the pound is weakening. You can see it down 123. 38. As we get closer to the possibility of hard brexit or new elections, investors continue to sell sterling. Now to the first word news with Viviana Hurtado in new york. Chief executive carrie lam has condemned the violence in her first News Conference on the city since the end of british rule. Fresheclaration follows demonstrations with Police Firing tear gas and rubber bullets at protesters. This week, u. S. China trade talks are set to resume in shanghai, the first since discussions broke down almost three months ago two days of talks are scheduled to begin after president s trump and xi reached a troop at the g20 although deep tensio