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Transcripts For BLOOMBERG Bloomberg Markets European Close 20240713

On. If we dont get more cuts, presume believe that is negative for oil prices. Eurosterling around the 0. 85 level. Got closer to it a little later on. This is a big line of sand for that pair. We are now up by 0. 2 . The hong kong story absolutely front and center. President trump signing a bill expressing u. S. Support for the protesters in hong kong. It is a move that threatens to complicate trade talks with china. There was a lot of reaction around the world. Not a welcomet is news, but the Market Reaction so far has been pretty calm, so to speak. Basically, its just another thing like having the tariffs. Its a thanksgiving present for everyone. This too shall pass. This was more posturing than substance. This is a real headache for them to try to figure out what is going to be a violation of human rights. How are they going to decide that . It is a foregone conclusion that he would sign, so china is prepared or was prepared for this. The new bipartisan consensus from both the u. S

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