As saudi arabias Oil Ministers say they may need to extend cuts. This is bloomberg surveillance. I am mark martin. Credit agricole crt head of g10 fx surge. A question for either of them, do run tv function on your bloomberg. Hit i. B. Show producers. Here it a look at markets across the globe today. The stoxx 600 gaining for a second day, marginally up by. 1 . Rising for the fourth day in five. One question i will be asking to valentina is is the election a game changer for sterling . 2. 22 percent. Yesterday evening, we had the feds beige book, the Regional Assessment of the u. S. Economy continuing to grow across the u. S. At a modest to moderate pace in recent weeks. A tight labor market. Mixed. R spending was that is worth noting. Crude oil rising today. 50. 66. Data showed crude production rose to the highest gasoline stockpiles climbed for the First Time Since february. Let us get the bloomberg first word news. Here is nejra cehic. Nejra japanese exports throughout the fastest r
Of the year until now, it is an uproar. Anna and we are live in paris at the annual forum, where we speak to the organizations secretary general, angel gurria. Here, on bloomberg. A very warm welcome. I am anna edwards in london. Manus good morning. I am manus cranny, in dubai. The china danger, should be drawn into the moment of calm . What is really going on. Dollaryuan,w you near a five year low, the title of this chart is yuan on the brink. This is january time. That is the fiveyear low. Alone,back 1. 5 in may the biggest loss since the devaluation last year, which was back here when you saw that ratcheting spiked. But this is really the interesting part. The fx reserves in china, they are building a lot, 17 billion in march and april. Are they really that volatile about defending the yuan . Capital outflows are getting less and less. Low,ollaryuan, fiveyear do we just drift that lower on the back of that data . There is many more questions than our answers in terms of manufacturin
Battle in a Northern City. After years of drilling through solid rock, the longest and deepest tunnel in the world opens today in the swiss alps. Also coming up this hour, the head of the economic think tank the oh ecb tells us why the french government needs to stay the course on its controversial labor law reform. The president of venezuela tells a Big International body to shove it. We will tell you who on the way. First our top story, live from paris. Genie close to half of frances rail network has ground to a halt this wednesday. Rail workers have started and openended strike in protest over pay, working conditions, and changes to the french labor rules. It will open up to include the paris metro tomorrow. Parisown is at one of main train stations. What is the situation at the moment . Luke the latest figures we are is that 17 of the workforce have gone on strike this wednesday. ,he 10 that went out last week clearly the strike action is continuing. The situation is relatively cal
Waiting for janet yellen. Its a quiet day on the markets, but watch out for commodities and watch out for dollar. Tom exactly. I was watching commodities today; citigroup was really talking up saudi arabia, having trouble moving oil. Really, the backstory, while you were off on your threeweek vacation, is the idea that the atlanta said lowered their gdp for this quarter under 1 . That is the backdrop, yelling those before the economic public. Francine rate. Right. It seems confusing to understand what the feds next move is. Lets get to the first word news. Vonnie good morning. A jetliner has been hijacked and forced to fly in cyprus. It was on a flight from alexandria to cairo. The Egyptian Government set a hijacker claimed to be wearing an explosives belt. 56 passengers have been allowed off the plane. Several for for flight crew are still on board. Last weeks bombing severely damaged the airports departure holes in. Brussel in brussels. It will only be able to handle 20 of the normal
Over the samarco mine disaster earlier this month. A volatile ride for chinese market. They close higher. This as the imf is expected to add the chinese currency to its symbolically important reserve basket. Still buying, black friday may be turning gray but the National Retail federation says over half of Americans Still did some shopping. U. S. Futures are looking like this on this monday morning as were back from the holidays, back from the turkey. The s p 500 seen up by 3. 5 points. Dau jones up by almost 30 and the nasdaq expected to open higher to the tune of roughly 7 points. This is after the s p had a little change shrugging off the volatility on the chinese trading and volumes obviously very low. But they should pick up again today. European markets, meanwhile, are looking somewhat mixed. The foots see 100 is down because the pressure is coming from the mining pressure. The xetra dax and ftse mib trending higher after a little bit of weakness after the trading session. All ey