Youre welcome to the pulse live in london. Our top story. Chinas secondquarter gdp beat estimates. Rising 7 from a year earlier. 7 , a, im always a skeptic. Coming in bang in line with what they wanted to achieve. What are these numbers . Andy you are right to be skeptic. It is a bit like last year. We had a slow start to the year. And a slow first couple months, but now it has picked up again. Exports being better. Consumers are back into the game. House prices recovered. It was enough to get gdp up to that 7 figure. Ill gveive your one anecdote. Cinema sales boomed, which gives an indication that the high street is actually spending a bit. Manus a take away from that is buy popcorn. Does it mean where in for a better second half . These numbers are better than the market hoped for. It depends on whether there is more rate cuts and more support given by this administration. Enda it does. One wild card we have is the stock market. We know the story about the huge gains in june. Then we
How much does it show chinas concern about the economy . How much will a hurt Companies Selling the to china . The yuan not getting u. S. Much bang getting eu as much for your buck. Out of greece, a deal is done. Greek minister. We want at devil and the detail. It moved a bit. The euro is declining. The dollar rise. Up against 16 Major Trading peers. It is dominating because of the yuan move. China trying to devalue and trying to play catch up as we will speak at the stephen saywell. The dollar has rallied higher against asian peers a global peers, will not see will not seen it. The overall affect market to very stable. They let go because the data makes too much sense to start a export growth. Dollar rallying higher. Will it play in for the Federal Reserve thinking of a rate rise . Is this exporting deflation to the rest of the world from china . Will it mean they are less likely to do rate hike . Dollar goes higher. 1. 9 higher. Willolleagues in asia point you through that. Other Ass
Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broader stoxx 600 as you can see, a correction from yesterdays positivity and more of a continuation of how august as a whole has kicked off. Ftse 100 down 0. 6 , germany and france down a little bit more than that. Athens is in positive territory and seema will tell you why. Absolutely. Lets take a look at that top story. Greece and its International Creditors have agreed to a deal on bailout terms following long negotiations. Finance Ministry Sources telling cnbc that a number of minor issues still
It is election day in the u. S. 226 million americans cast their ballots in one of the most among jewish u. S. President ial elections in recent history. One of the most tumultuous u. S. President ial elections in recent history. Hillary clinton held a narrow lead in most preelection polls. Her campaign has and armed by federal probes into her handling of classified emails, questions about her familys foundation, and public doubts over her trustworthiness. Republican real estate magnate and reality tv star donald trump, defeated 16 primary opponents and promises to drain the swamp of washington corruption. He has faced criticism for his treatment of women and denunciations of immigrants. We bring you the analysis you need on this historic day. I am joined by bloombergs politics and economics editor, Michael Mckee. In london, we are joined by Alexander Friedman for the first half of the program. Alex, good to have you on the program. First, lets get to the bloomberg first world news. Th
It is a slow day because of the cars, brazil, and be a way. Boe. Tom that meeting was supposed to end last evening so forget about that, live right now in brazil their federal senates meeting on the future of president rousseff. That is important. Is 20 hours and counting of live debate. Lets get straight to nejra cecic. President Dilma Rousseff may be within hours of leaving office. The majority of the senate has voted to remain voted in favor of impeachment. Willice president well rise to power. And friends, president francois faces as government difficult vote in parliament after a controversial label reform. He ran the proposal through the lower house of the parliament and says it will make it easier for employers to make jobs. Samesexay it worse marriage has gotten private partial approval in parliament in an alloy. Italy is one of the last countries in the eu to approve samesex unions. And you study says air pollution is rising in the poorest city and increasing health risks. Glo