, will the double down . Watching the ftse 100 on the back of that m a news. Look how we trade ahead of the market open. France, italy, bank holiday. Markets are open, but we could see light volume. Stoxx above the 200 day moving average, can we see sustained gains after the postbrexit . Aboute will be talking italy and france as well. Will be throwing water balloons at each other today. We do have markets expecting light volume. Let me walk you through the morning gmm. Japan and focus. The front end of the japanese curve, more dismal data coming through. From a currency point of view, the markets look calm. The japanese yen not doing much. Here is bloomberg first word news. Thank you. Grew less than forecast to the end of june, gdp expanded by 0. 2 and the second quarter, less than the median estimate of economist for 0. 7 . The data comes as business spending contracted for a Second Straight Quarter, and exporters struggled with the resurgent yen. The european from union could be del
Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd