Will come down. But no, i cannot see the market roaring ahead. Anna a very warm welcome to countdown. Im anna edwards. Manus and im manus cranny. We are back together ratesa, they leave unchanged. This will be the perennial issue for global Central Banks. The effect of the brexit vote on the Global Economy remains to be seen. Will they move . Would they really want to do that in the face of so much uncertainty . It will certainly be about the pound. Anna we will see what this means for the aussi dollar into the future. We have this great chart, the 100 year story about the story of the pound. The 10 drop we have seen since june 23, just another letdown, manus, in the u. K. s declining global role and influence. Manus weve got to balance this out because boris johnson, hugh gone into the sunset now. Johnson, he has gone into the sunset now. In 1949 and 1967. So, the quest you have got to ask yourself is. Cents below its average since 1971. I redone with the great demise of the British E
Australia, 1. 95 , a record low. The yields coming down further, market fear driving this lower, according to the senior strategists. It moved back into safety, really more pronounced when you look at the currency markets. If you had to pick dollar or yen, it would be the yen. If you had to pick the dollar and yen against anything else, you would pick both. Past 102 thised morning. What a difference. Before i go, have a look at this, pushing up. We are looking at more weakness in the renminbi. Just a key data point at want to mention. We saw the private survey in services, improvement in june. In other words, more optimists than pessimists. Yvonne david, thank you. Australias trade deficit was that it had expected it may, coming in at 2. 2 billion aud, the equivalent of 1. 7 billion usd. Rba sets the the cash rate later today with no change expected. For more, lets get to paul allen in sydney. Paul, the economists were pretty much unanimous on no cut, but its a different story for augu
Pay out. Trying to head off a potential conflict later this month. A nuclear deal with western powers wont go through unless all sanctions are lifted. He is also calling for an end to all air strikes. Good morning everyone youre watching worldwide exchange. We have a jam packed show for you. We do. Well talk about the fed and fomc minutes although they didnt move the markets that much. We saw stocks between gains and losses. Treasury prices didnt move that much. Overall nothing new. It was a choppy session as you were indiana state kiting. Investors trying to get their head around when the fed will raise rates. Theyre putting a lot on the stronger dollar and seeing those as head winds. Especially if they want inflation up to their target of 2 . That seems to be unlikely in the near term tnchts other big story is the rally on the hang seng in the last couple of trading days. Its higher by 2. 7 currently but weve seen huge moves. Very high volatility there. Brokerage houses including chi
Oh ye of little faith. David novak from yum, kfc, delivers a terrific number tonight. I think there will be a squeeze up tomorrow. Who didnt believe in novak . How could you not . Like i say, there is always a bull market somewhere. I promise to try to find it for you here on mad money. Ill see you tomorrow welcome to todays worldwide exchange. These are your headlines from around the world. Financials in focus again with italys biggest retail bank expected to post a Fourth Quarter loss. Sharns in Munich Re Trading higher after they issue a higher than expected profit target for the year. And more power for germany. Angela merkel calls for the country to have greater Voting Rights. And to super size or not to super size, a judge tosses new york citys ban on sugary drinks just as it was set to take effect today. Weve had a sevenday win streak for stocks. We managed to flip into the green and as a result, this is a sevenday win streak. Identities the s ps longest winning streak of the ye