Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
Minister pleads not guilty to corruption charges as he and 15 other officials appear in court and why dont hold a National Assembly session in the streets as venezuela recovers from another mass blackouts. And in sport audience cricketers are getting ready to make history there at her parents place in a test match for the 1st song. Bombastic politician who led the campaign for brics it now has to deliver it Boris Johnson has won the race to the u. K. s ruling party i will become Prime Minister on wednesday is vowed to take the u. K. Ause of the e. U. By the end of october come what may but he also needs to unite a divided party and an even more divided nation me foka reports. It was a 2 horse race but theres only have a been one front runner Boris Johnson demolished his rival foreign secretary jeremy hunt with double the number of votes to become leader of the conservatives and on wednesday the country its now repair a party and the nation torn apart by bricks it deliver bricks it unit
A joint air patrols south korea says they violated its airspace. Allow the man who led the campaign for braggs it will now have to deliver it Boris Johnson has won the race to lead the u. K. s governing conservative party and will become Prime Minister on wednesday he has vowed to take the u. K. Out of the e. U. By the end of october do or die but johnson needs to unite to divided party and an even more polarized nation need baka reports. It was a 2 horse race but theres only ever being one front runner Boris Johnson demolished his rival foreign secretary jeremy hunt with double the number of votes to become leader of the conservatives and on wednesday the country has now repair a party and a nation torn apart by bricks it deliver bricks it unite the country and defeat jeremy corbett. A new front somewhere who was already pointed out that deliver you night and defeat was not the perfect acronym for an Election Campaign since you are pushing its bills dud but they forgot the final easy
Yuan to an alltime low even as beijing sets its mid point fix at a stronger than expected level. And european yields extent their slide as growing trade tensions spur a growing flight to safety with the dutch and the irish tenyear the latest bonds to fall below zero all right. So lets talk about some price action overnight we had chinese and Japanese Equities closing in the red. This after the u. S. Treasury department formally designated china as a currency manipulator for the first time in more than two decades. This after chinese authorities allowed the yuan to weaken beyond the psychologically significant 7 per dollar level on monday. The pboc rejected washingtons designation and insisted it does not use the yuan to cope with trade tensions chinas bank set the mid point stronger than 7, but it hit a low before news of a bond sale helped it to recover china confirmed it will suspend purchases of u. S. Agricultural products in response to President Trumps new tariffs a spokesperson f
Nigerias capital for shia muslim protesters who died in clashes with the police over their jailed leader. Of the man who led the campaign for braggs it will now have to deliver it Boris Johnson has won the race to lead the u. K. s governing conservative party and will become Prime Minister on wednesday he has vowed to take the u. K. Out of the you by the end of october do or die but johnson needs to unite the divided party and an even more polarized nation the barco reports. It was a 2 horse race but theres only have a been one front runner Boris Johnson demolished his rival foreign secretary jeremy hunt with double the number of votes to become leader of the conservatives and on wednesday the country has now repair a party and a nation torn apart by bricks it deliver bricks it unite the country and defeat jeremy corbett. A new front somewhere who was already pointed out that deliver unite and defeat was not the perfect acronym for an Election Campaign since all pushing its bills dud b