pretty bad. Imf world bank, not many phones. Not many planes. Tom we have news right now, this does continue on, we are now indicating challenges. German confidence is actually very very low. Emerging markets and also because of the influence that russia is having in the middle east. Expecting 6. 5. Tom you see that in futures as well. You see it in yields. Breaking also getting news from volkswagen, so they are progressing 1 billion a year. Tom vonnie quinn is in new york. Vonnie good morning. There has never been anything like this in the brewing industry. Sab miller is being bought by ab inbev. One out of every three beers sold will come from one company. In china, imports are now on the longest losing streak, they fell for the 11th month in a row. Plus, domestic demand in china has been falling. There are reports that Russias Embassy has been hit by fire. A Russian News Agency says there was damage but no injury. There is report of Russian Military action in syria. A newrland is im
On guy johnson. Butill focus on the brexit first, up to speed with what is happening in the market story. Ahn we are seeing the selloff continue in asia today. The benchmark index at the lowest level it has been in a month. Betweentually slung gains and losses be and losses throughout the day. We have data this morning showing that japan recorded a trade surplus for the 15th consecutive month in september. Were seeing a lack of clear direction as there are concerns of the rate hike next month, the possibility of that happening, not to mention a deepening slowdown in china. 4 10 of a percent lower today. We had data this morning showing that home loans grew 2 month on month, which was more than expected. Estimates were that it would remain flat. Expanded losses, down 1. 4 . Now down for the fourth consecutive session led by utilities and health care. We saw some choppy trading in china. The shanghai composite is currently down 3 10 of a percent. Four consecutive days of rallies in china
It is a really busy week. We have Global Leaders gathering in paris today and we will bring you the live shot of those arrivals and then we get onto the ecb. A Bloomberg Survey suggests that we are going to see a deposit rate cut. How big will it be . That is the real question. Mosul expected to go from 0. 2 to 0. 3. It to goeople expect from 0. 2 to 0. 3. Remember that janet yellen speaks thursday and we get payroll on friday. A really big week in front of us. How do we set it up. Thate we talk about all of , lets get you the bloomberg first word news. , the leaderse eu have agreed on a deal to help stem the refugee falls through the nation. Some people get a package of 3 billion euros in assistance for bolstering border controls. This as the eu is dangling closer that could bring for potential membership. Meanwhile, the russian president Vladimir Putin has announced measures against turkey. Russia has suspended their tours, banned the hiring of turkish nationals, and will block the s
Yellen uses. Michael it is a cliche to call something a stork but we have never been here before. So, no one knows what is going tohappen it is a cliche call something historic but we have never been here before. Francine what happens after that first hike . We also are getting some vew Investor Expectations zew Investor Expectations. It gives us a benchmark of what german investor expectation is like. Investor expectations 16. 1. It seems, despite all the geopolitics, despite the refugee crisis, investor business is still there in germany. Lets get to first word news. Vonnie good morning. Saudi arabia says it is formed an Islamic Military Alliance to fight terrorism. The coalition includes 34 nations including pakistan, turkey and egypt. A joint Operation Center will be established in riayad. The saudis say every Muslim Country is already fighting terrorism. President obama says the u. S. Is taking the fight to Islamic State with urgency. The president spoke after meeting with his Nat
They. Hey or wont we are taking a look at where we are sitting ahead of that midday break. Hong kong shares sitting exactly flat caps on high gain back as shanghai gaining back earlier gains. We had the worst Weekly Performance last week or china. Take a look elsewhere around the region. Up 1. 5 . The nikkei up by 4 10 of a percent. Sales growth were the surprise on the upside. The 200 down by just about 3 10 of 1 on account of a bit of a selloff in commodities prices. We are seeing on this last trading day in november. Rishaad dollar, euro, pound, the yuan is heading to the top table. Yvonne has been watching this for us. Someone say it is a done deal it is a done deal that could be a surprise . Yvonne some are worried is a conditional yes and the pboc was the fourth to try to relax controls. Are they going to be widening that trading band by 3 4 . Weve also seen it coming in the past few months over how it ranks in terms of its share as an official reserve currency. It is ranked seve