The nasdaqs best day in six months. Only United Technology declined in the doubt. Rally,ge day, huge really telling that we got a week chinese pmi, different flavor to the markets in january. Alix you can see that amplified in the bank stocks. F, s p financial sector, a 50 day moving average, just below that. Data,s deepening yield curve, the banks take off. Joe speaking of the steepening yield curve, the spread between the two year and lot,0 year, flattening a so this trend which had been going down jumped up today in a reversal. Also, amazing fixed income news, japan selling 10 year debt at negative yields. Stocks rallied, bonds fall, so it follows that the japanese yen should weekend. And particular, backing off a threeyear high. Alix oil, boom. I 31 rally from its low in february. Vladimir Putin Meeting with the heads of big oil companies. That had the markets taking off. Scarlet we should mention auto sales another important piece of data. Ford and feel chrysler betterthanexpected
Surged inurces beers hong kong after agreeing to buy sab millers stake in their chinese joint venture. It gives it full control of the worlds best selling brew, snow beer. Transaction still needs regulatory approval. Those are the headlines from Bloomberg News. Lets take a look at the markets right now. Hong kong and china currently closed for lunch. Heres how they were trading in the morning session. \ mumbai alltokyo, and rising today. We will be back in half an hour. Emily im emily chang and this is bloomberg west. Apple and the fbi testify before congress. We bring you the latest arguments. Attorney general Loretta Lynch addresses tech in silicon valley. She spoke to me about where she stands and says apple shouldnt decide this issue for everyone. Zyngas ceo stepping down again. We take a look at what comes next for the struggling gaming company. The House Judiciary Committee takes on the encryption battle. The fbi and apple delivered testimony on this bitterly contested debate. Fb
ITB China Conference 2024 will be held from May 27 to 29 in Shanghai. It features industry talks, panel discussions and keynote speeches on travel and tourism trends
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