The main u. S. Indices. Then we got a tweet from the u. S. President basically indicating that he think say trade deal could be possible. Hes going to meet with the vice premier tomorrow. Who knows . Youre getting 0. 8 up on the s p 500. Similar moves on the nasdaq. Even your small caps higher on the day. We talked to Alan Knuckman in the previous hour. He talked about a market that was to go up. We are seeing that kneejerk reaction with regards to any situation improving on china. 1. 35 . 1. 3 5 now your 10 year yield. We are seeing a tick up. Whether that will continue, we will have to wait and see. Dollar weakness for another day. We havent seen too many backtoback days of dollar weakness, but getting it here, down about 0. 2 on the bloomberg spot dollar index. We will talk about that more. Keep an eye on crude. Not just a big read on supply issues, but really on demand and what is going on in the Global Economy, whether that slowdown is to be believed. 0. 24 . Rude wti up about guy
India. Into whats going on in the markets. It is a negative day. Sentiment dictated in part due to what happened on wall street worried the nikkei up 1 . Hang seng 2 down. Awaitross the board as we the fed, the gdp numbers, we have a lot of moving parts. The pmi numbers, slight increase. Optimistic about what will happen in the next quarter, the current quarter. Part of that optimism down. Apple this is part of the apple supply chain in this part of the world. Lg display, nearly 8 down. Optimism being shared. Pegatron up by 7. 2 . Samsung electronics for different reasons, down 2. 8 . At one state, it was the lowest level in three months. The Earnings Call does not exude confidence, saying the current trade war was producing all sorts of imbalances and uncertainty, which has made people delay buying chips. The margins on chips are also narrowing. Lets look at pmi. It was showing a little bit of an uptick from the previous month. These Large Companies seeing what is going on. Large comp
The nasdaq is the best performer today. Same company topping both of those, taketwo interactive. It fell more than 5 yesterday after President Trump talked about video gamers in relation to the weekends mass shooting. Taketwo interactive has bounce back from that death has bounced back from that, have reported a great quarter. 7. 0541, underscoring everything today. Yield. N the 10 year bouncing around a bit, but within one to two basis points. Guy the u. S. Treasury department labeling china a currency manipulator overnight. Thats the first time we seen that since 1994. Chinas Central Bank Later in the session stepping into support the you whe the yuan. Hasnt lasted throughout the session, so as you come through the afternoon here in europe, the morning in the United States come of that story has begun to fade a little bit. Ofmy conway, citigroup head em ea of emea trading strategy, is with us. What do i take away for strategies . Jimmy be careful you dont get caught in the crossfire
Katie welcome to Bloomberg Markets and it is a down day for markets, at least if you are looking at equities because the s p 500 off. 5 which does not seem to bad and the nasdaq is down by over 1 . There is some green to be found and no surprise it is in the cryptocurrency space. Bitcoin continuing to surge higher up about 2 at the moment. We are on watch for the alltime high, maybe today is the day. We have some breaking ism data for michael mckee. Michael this is not good news for those looking for a Growth Scenario in the u. S. The ism Services Index falls more than anticipated but at 52 point six after 53. 4 the consensus was from 53. What is interesting is the sub indexes are almost all better. In this case new orders are up to 56. 1 from 55. Production is up to 57 point two from 55. 8. Employment is one of the few that goes down. That is something to keep in mind for friday and it might have an impact on the Market Forecast for what we get on friday. Prices paid, 58 point six dow
Surrender. Breaking news from Around The World 24 breaking news from Around The World 2a hours a day, this is bbc news. Mr blinken spoke to the bbc and said that Washington Will Act If Beijing does not stop supplying russia with items used in its assault on ukraine. Our china correspondent laura bicker has more from beijing. Hello. Im laura bicker. How are you . Antony blinkens visit comes as us ties with china are at a turning point. Hows your trip been . Oh, its been. Ive covered a lot of ground. The dialogue and diplomacy for the cameras hides real discord and distrust. This is what chinese viewers are shown. A cinematic soundtrack accompanies president xi, urging the us to be partners, not rivals. Yet, hours earlier, mr blinken was warned the two sides could slip towards conflict. And this could not be happening. But he came to beijing with a warning of his own. 70 of the Machine Tools that russia is getting from abroad coming from china, 90 of the microelectronics. So for china, i