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Also taking a look here at the curve as well as bonds like i mentioned, 194 is where we sit on the 10year. Time for Global Exchange where we bring you market moving news from beijing to new delhi to washington and los angeles. Our bloomberg voices on the ground with this mornings top stories. We begin in asia where the chinese president is in macau to celebrate the return to chinese rule against the backdrop of unrest in china and calling for macau to diversify its economy. With the return of hong kong and macau to the moreland, it is completely up to china to handle the affairs of the two special administrative regions. There is no need for any external force to interfere. Alxy joining me is tom mckenzie the china open coanchor. What did you learn by the speech from mr. Xi . Tom he was there to mark the 20th anniversary of the handover and swearing in of the chief executive. Macau as a reminder is the worlds biggest gambling hub ....
Investors should prepare for this. What does this mean for the pound, which has been stuck in a range, and for u. K. Stoxx at large . As far as the pound is concerned, the rally you have had reflected a significant reduction in the risk of a no deal brexit, so for the time being that seems to be off the table. We are stuck a bit around 1. 30. We need to know where we are going, and until we get past the election and have a sense of what the majority is, it is impossible to have any assessment about the direction of the pound. We are neutral because we think there is far too much uncertainty and too many permutations to take a significant view. As far as u. K. Equities are concerned, it is an inverse relationship between u. K. Equities and sterling, so when sterling weekends, u. K. Equities outperform. From that point of view, if we get a path that moves us toward a softer brexit or no brexit, that should be good for the pound but worse for the u. K. Equities. Dan morris and New York , United States , City Of , United Kingdom , Hong Kong , New Zealand , New South Wales , Larry Kudlow , Iain Marlow , Bloomberg Francine , Dan Morris , Jeff Bezos , Danny Morris , Jack Ma , Stephanie Kelly , Andy Kudlow , Jeremy Corbyn , Iain Marthe Hong Kong , Adrian Orr , Louis Vuitton , Adair Turner , Jay Powell , Morris Stephanie , Francine Lacqua , Guy Johnson , Us Foundation ,
Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billio ....
Time for Global Exchange and bring you todays market moving news from around the world from hong kong to frankfurt to london to new york and washington. Our bloomberg voices are on the ground with this mornings top stories. Were going to start with the latest in asia. Trade uncertainty appeared to take its toll on china. The countrys economy losing more steam in october, factory input and fixed asset sales missing estimates and joining me from hong kong is bloombergs chief asian economics correspondent. Give me the rundown of the data weve got. It was a mix across the board with a slump in investment and industrial output miss expectations and on the retail spending part of things we saw the weakness go from auto and turnt and cuggetting the consumer is starting to book now none the pressure of trade war and slowing economy. There were two big takeaways from economists and onen one hand the numbers suggest were probably looking a ....
On the others of the aisle, Jeremy Corbyn. Do not miss it. Manus it is bloomberg daybreak europe. It is all about global trade and the impact. Singapore export orders crash and burn 13 . Have you got a mindset of what is china growth, sub 6 . Nejra have you got a mindset of what that will mean in terms of stimulus . Some of the signals from the pboc when they talked about growth and inflation over the weekend was as things get worse, they want room for more policy moves. You can take something away from that, too. Policyyes, and those adjustments have moved the dial slightly. They are back at levels we have not seen since 20152016. Constructive discussions in trade help the equity markets a little bit and the pboc drip feeding rate cuts. Before biggest Central Banks in the world are on easy mode and perhaps we are under assuming the capacity of qe 2020. Lets look at the s p fut ....