Listen: Thatcher Jerome Powell, Bloomberg, Jackson Hole discussed on Bloomberg Daybreak: Europe
"Day in places like Paris Frankfurt and anywhere, else really now European stocks finished Friday. Little change this morning. We're seeing the futures rising though your stocks fifty futures higher by four tenths of one percent. Racing dachshund futures high more than half of one percent Asian equities getting a boost. As well investors digesting the Fed's symposium in. Jackson Hole perhaps it orchids meshes message. From Thatcher Jerome Powell than expected investors also. Digesting moves by the c. Scene tilting towards. A stronger Yuan the Shanghai composite on. The back of that rising by one point, seven percent the Hang Seng bomas two. Point one percent and. In Tokyo the Nikkei two to five Shut up shop with a gain of run about nine tenths. Of one. Percent. The Bloomberg dollar spot index little changed as I look at it now a dropped on Friday remember we are, seeing euro dollar under a little bit, of pressure here at one spot sixteen zero seven I mentioned the u on it is also, coming onto, pops, a. Little bit of pressure only marginally so though as I look at. The on shore you on down by about, a tenth, of one percent against the dollar trading at six. Point eight one seven five we are also keeping, an eye, on. The Turkish lira this morning it is now down by almost one point seven percent the Turkish lira under. Under watch hair as Turkish domestic. Markets are getting back online after a week long holiday, yes so let's, move on. To our top stories that in. The, Federal Reserve kept its, cool in Jackson Hole that's despite pressure from US President Donald Trump who's recently criticised the central banks tightening fed treasurer, Powell all, but guaranteed another hike is coming next month Bloomberg's Mike mckee's has Powell didn't discuss the Flattening yield curve investors got what they wanted and otherwise quiet Jackson Hole. Meeting comment on the economy from Jay Powell the fed chair said stocks higher Friday with his. View the American economy is strong and still picking up speed bonds where become by his. Prediction the. Central. Bank will continue raising rates at a slow steady pace one question Powell left hanging the fed view of the, yield curve the twos tens curve fell, to the narrowest since two thousand seven on Friday while Powell didn't discuss it other fed officials, in Jackson, told, us. On Bloomberg it is a signal they take seriously in Jackson Hole. Boucle Mckee Bloomberg daybreak Europe the US and, Mexico are, said to be close to resolving our differences on. NAFTA and an announcement may come as soon as, mundane Bloomberg, is. Told the two sides have achieved significant breakthroughs in the NAS few days on their issues like autos and. Energy paving the way for an. Accord and opening the door for Canada to rejoin the, talks President Trump, tweets it. On Saturday that there could be. A, big agreement with Mexico, soon Elon Musk Has made a dramatic u-turn on his controversial, attempt to. Take tesla private in a late night blog post he wrote the. Electric car maker will remain public after shareholders failed to get behind the move. Meanwhile the Wall Street Journal. Is reporting that one of the investors eat all. Musk's bankers had lined up for the failed go private plan was. Folks walking on. Another corporate news China Petroleum and chemical has raised its dividend payouts by sixty percent after half year earnings jumped to a record the world's biggest refiner by capacity known as Sinoe Paik said net income rose fifty two percent to six point two billion dollars, in the first six months that was fueled by improving refining prophets and rebounding crude prices, that brought, its fuel that brought its oil and gas exploration units rather close closer to. Breaking even And it's. Time, now for a look at the headlines from outside, the, world of business and finance and you got those narrow I do Marcus the scale, of the challenges ahead, four new Australian Prime minister Scott Morrison were laid. Bare in an opinion poll, on, Monday Bloomberg's Jason Scott has more liberal national coalition now trails the main opposition labor party boy at twelve point margin compared to a two point gap earlier this month according."