We are seeing a little bit of a lift. 0. 8 . G some a lot of that has to do with a little bit of optimism when it comes to trade news. We know the conversations are ongoing. I am looking at the u. S. 10year yield. 1. 6 after a big week. Lower negative rates in europe. We will have a look at 10year yields. We will ask ourselves what the inversion meant. Oil, 55. 52. Oil rising after we had this drone attack at Oil Gas Facilities once again underscoring some of the fragility of that region. Coming up, we have an interview with the boston fed president. Dont miss that chat after 6 30 p. M. London time today. This goes back to the conversation as jackson hole starts on thursday. Lets get to the first word news with viviana hurtado. Viviana the iranian tanker looks to be heading for greece. That is according to a vessel tracking data compiled by bloomberg. It was released by the british territory after being detained on suspicion on sending oil to syria. Rain for an 11th straight weekend. 1
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc
Im Francine Lacqua b the finishill talk to centralbank. Were looking forward to what they make of the latest with President Trump. Of course, President Trump shows here next thursday for t meeting. Mark . Mark the stoxx 600, a little bit lower. It is all about trump today. Which we will discuss in detail. Dollar. Up against the certainly a flight of safety today, benefiting the yen and euro. It is benefiting core government bonds. Yields declining. The german 10 year, 40 basis points, down by three basi gold is getting for a fifth. Onsecutive day, lets get to the bloomberg first word. Reporter all of the focus is on u. S. Political risk, but elsewhere, the country is considering expanding the laptop ban from flights from europe and beyond. That is according to a department of Homeland Security day the European Union asked the u. S. To refrain from banning laptops from the region, saying both sides stated to Work Together to curb the threat of terrorism. The democrats will pledge to off
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as
Francine a little less good than expected. Tom you saw it in japan as well. One of the themes is the commodity data, showing the same gentle it is all gentle, quiet. Francine until it is not gentle anymore. Tom exactly. That is where we are right now. All in all, commodities. Francine looking forward to it. Lets get to the first word. The author is now on the table for the beer deal. Buying sab miller, giving them control of more than one fourth of the beer market. The weight was cleared for the deal went sab miller agreed to sell it stake in miller course in the u. S. Meanwhile, the worlds fourthlargest beer maker carlsberg plans to cut 2000 jobs, a 15 reduction. They are trying to reduce costs largely due to a drop in russian beer sales. Alliance of an leftwing parties has ousted the Prime Minister less than six weeks after the last election. The leader of the socialist party has asked the president to form a new government. So far, no word if it will happen. Russia is calling for a