Be as markets are giving us a lot, a lot of news, just in themselves. There is a lot overall. Oil is still sliding. Global stocks are retreating and you can see that clearly in europe with the stoxx 600 down 0. 7 . The yen strengthening. We see a risk off mode with crude oil tumbling into a risk off mood. That will persist. We also want to look at the shanghai equities, and the chinese domestic stocks. I will show you that shortly and then the pound, of course, it is the cleans speech it is the queens speech today. Lets construed to the bloomberg first word news. Reporter saudi Arabias Deputy Crown Prince Mohammed bin Salman Al Saud has replaced his son as heir to the throne. The shocking announcement sonsidates the sokings power. Algian shoulders have shot suspected assailant from brussels. Had allin station wit tarins haulted. The interior Affairs Ministry confirms that military staff had intervened to neutralize an individual. Chinese stocks will be added to the msci indexes. While
Tom today to me is the first day we are really into the vote. It has changed dramatically, the tone, the desperation in the newspapers. Francine it is getting personal. You have the queen on the front cover and then it gets really personal with David Cameron saying, look into his eyes and do not vote to stay tomorrow. Well have plenty more later on. Also looking at the Daily Telegraph. Lets get to the bloomberg first word news. Day ofthe final campaigning before british Voters Decide whether the country should stay in the European Union. Different polls put each side ahead. There was one final debate last night on the bbc. More than 60 of the worlds leading country does companies have their European Headquarters here in german dust in london. In london. I think we have heard an amazing amount of running down of hours that he. We are proud of our city. The astonishing thing is that the remains side continually underestimate our ability to do better deals if we are left to do it on our o
Tom what an interesting 24 hours. Francine i just had a great exclusive interview with luke johnson. The problem is that is all about immigration and sovereignty if you are the brexit side so we may have people deciding in the booth basically to vote brexit. Tom a lot to talk about in the coming hours and some good guests. That there is other stuff going on in the world. I believe chair yellen may have something to say today. Francine we have to look at the dot plots with Michael Mckee. When a to see exactly what the underlying strength and that is but we need to get to the bloomberg first word news. Vote, two days before the the battle over whether the u. K. Will remain in the European Union is too close to call. A new poll has the leave campaign in front meanwhile a survey from or be has remain holding a 53 to 46 advantage. Police in brussels have arrested a suspect after a bomb scare at a shopping mall. According to a belgian newswire a man called police to say he was Walking Around
We have a little bit of data in the eurozone. And happy Lehman Brothers anniversary. Withit is a look forward mark carneys bank of england, 7 00 a. M. Wall street time. It will be an interesting six days. Francine you are right. The 20the morning of first of september. The fed in the evening of the 21st of september, in england. It will be difficult for the boj to preempt that. We are getting cpi for august, 0. 1 . We will get the euro chart up, but it is as expected. What we saw was better than expected retail sales in the u. K. Sebastian the government signed proposal to build Nuclear Reactors were 24 billion dollars in southwest england. In july, Prime Minister may decided to review the project. Keeping its ultraloose negative Interest Rate on hold, this was National Bank left a record low. 75 . The brexit vote clouded its view of the global economy. China issued its highest door morning as a typhoon a landfall. Heavy rain battered a city. The storm was expected to weaken inland. Th
Inflation revised upwards. That makes the jobs of Central Banks around the world a little bit easier. We also have the iaea saying that the oil markets are rebalancing. The and across to atlanta, same idea as what you saw with eurozone inflation. A better feel moving from a lousy 0. 1 up to 0. 3 . A a lot of things, a sigh of relief. You could even dovetail back to Jpmorgan Earnings yesterday. Francine you can. Its crazy. Were of plotting 0 inflation. Better than we have had, right . Thats the brave new world. Lets get straight to the bloomberg first world nesws. Nejra ukraines speaker has been approved as the next prime minister. Poroshenko petro will take charge amid a volatile environment. Key Administration Officials have quit and the imf has halted a 17. 5 billion bailout. In south korea, the ruling party in yesterdays parliamentary election. It derail the economic reform plan. Preelection polls showed it extending its hold. Censors removed and anonymous posting on the chinese new