Can see Global Growth fears permeated throughout the market. Time now for Little Exchange to bring you todays market moving news from all around the world. Joining us from hong kong is bloombergs enda curran, from k, and is seb sale bloombergs david wehner is here in new york. We start with the latest trade of element. Soy prices go nowhere even after the Chinese Government gave waivers to buy from u. S. Companies without being hit by retaliatory tariffs. What is the significance . Adds to thek it mood music that both sides are showing a bit of good will to get these talks make some progress. We are talking up to 3 million tons of soybeans that would be three of tariffs for chinese buying from u. S. Sellers. This goes to the heart of Donald Trumps constituency, and china has said to the state media they are willing to come to the table on that side of things. Both sides are at least trying to make the talks work to get to the next level. That comes on october 10, would chinas vice prem
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
Some 20 today. Has the bubble burst . All right, we are less than half an hour from the european open. Lets look at where futures are pointing. The direction is down and the. 5 . Stoxx 50s are down the continent looks to take it worse than the u. K. That is not the exciting picture i want to tell you this morning. Take a look at a threeday chart of bitcoin i have in the terminal. Unbelievable drops. Right now, trading at 12,508, a drop of almost 19 . This is the biggest percentage drop we have seen single day in all of 2017. Looks like people are cashing out of their bitcoin in order to afford the toys. They are really selling it off. Now, the currency is only up 1200 year to date. What is someone long bitcoin to do . Mark 19. 5 thousand on monday. Look at the decline. Other cryptocurrencies . That is the question we will be asking. As you can see, equity indices see china down about one third of 1 . 1 . Nikkei up about 1 5 of the biggest weekly gain for the japanese benchmark since no
Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all