I would rather be dead in a ditch. What would the world do with further delay . It is pointless. Matt good morning from frankfurt. I am here for the auto show. One of the brandnew bugattis yesterday. All the focus in the markets today is going to be on what goes on with the china rate cut, what goes on with the Oil Situation where you are. Manus you must be in seventh heaven. All the expensive toys to look at. Place here at my favorite , the World Energy Congress number 24. One word. It is about oil. Five days in a row, it is all about the rainmaker. Minister. Udi oil good morning. Good morning. We will be following that story closely. Take a look at the equity indexes in china, first off to see how they are doing after that rate cut news. You see there are gains, only slight. You look at hong kong, you would see they are down a little bit. More of a riskon scenario when you look at safe haven trade. The yen is gaining a little bit against the dollar, but you can buy 100 seven, basical
Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
Gains rise inocks july and a rrr cut in china boosts sentiment in asia. Pushback. Boris johnson will press again for an election is the Prime Minister suffers yet another highprofile resignation. In nofly zone. Its 850 majority of daily flights today and tomorrow are set to go on strike because the parent could hit nearly 100 million. From westminster, good morning. Good morning. Out, i read that you can get a flight if you were coming in or out of london city, that will be operational because they operate with a different carrier through the fabulous city airport. Lets take a look at futures. We saw gains in most asian equity indices on the back of that rrr cut out of the pboc. Now we see dax futures rising, and ftse 100 futures up more than half a percent, although cac your own futures are little changed. Continue drama out of westminster. Boris johnson looks as if he is pushing on with this strategy at the end of last week, having lost his majority in parliament. He lost another hig
Require the commission not just to say in public that theyll be creative and flexible, it also requires them to private to get into those discussions with us so we get this deal over the line. European markets trade cautiously higher and asian equities rally after beijing cuts the triple r as export data shows the trade war with the u. S. Is taking its toll. Oil prices rally after Saudi Arabia Energy minister and puts in place royal for very first time i caught up with the u. S. Deputy secretary of energy and he says the man has a tough road ahead. Got a very tough road ahead of him, i must say u. S. Production will continue to go up all throughout 2019 and certainly into 2020. Our own ei, and Information Administration is projecting well see at least 13 Million Barrels per day producing United States by the end of this year. And air france shares fall on disappointing traffic figures and speculation it could rescue troubled airline while a pilot strike grounds nearly every british air