No change in the lpr. No real effect when it comes to the cnh, the offshore renminbi. 6. 86. Maintaining the gains we have of late. The euro weakening. Keeping an eye on crude. Oilared by the National Company after saying it was commandersone of the of one of the civil war activists from exporting. Got oil field disruptions taking place in iraq. What else is happening in beijing. We join selina wang for the first word news. Selina thank you. The former white house economic director gary cohn says he sees no recession predicts the economy will continue to grow as we move towards novembers election. While president trumps tariffs produce the phase one trade deal they inflicted some damage on the american economy. I dont think we would have gone to a different outcome. I dont think the outcomes helped us get to a different outcome. Did it hurt the u. S. . Its. Totally hurt United States the u. S. Economy is very strong, employment is great but we are missing a big component. Were missing
6 00 here in london. Lets get to the markets. We are without the volumes from the United States during yesterdays sessions. King date we had no trading in stocks or treasuries. We are getting back into those today. Msci asiapacific by 0. 4 . General picture in asia continues a positive one, continuing the best start since 2006. The dollar against the again , we saw the again being pushed up. Have halted five days of advances in the japanese currency partly because of what we heard from the japanese finance minister. Moves in fx markets are a problem. Price, over 70 a barrel, even though it is retreating. Fx is going to be a focus , what happens next with the pboc, that bank of japan, and the bank of korea. Traders have been spun into a whole new momentum. Record long positions on the euro. , two is a counterbalance sides to this market. The long positions are the longest we have seen. It is estonia focusing on bond purchases, they could end after september. Dramatize theover situation.
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