Price but is still banking on 40 a barrel. We are going to ask the companys ceo at 8 30 london time. The g20 story front and center. Carnies point is an interesting one. And schaeuble still banging the drum about structural reform. He sees that as the only way forward. Hans there isnt a whole lot of structural reform heading in the direction schaeuble would want in germany. Toy have all these refugees build housing for, to feed. That is a lot of fiscal stimulus. At the bundesbank, they are talking about having 0. 25 increase on gdp. Schaeuble in some ways is making the opposite argument of what hes doing at home. Guy plenty to talk about. We need to talk about the cpi story as well. Inflation, lets run you through what the market looks like with 28 minutes ago until the equity market open. Is a risk on story. It has been a risk on kind of week. Stoxx 600. 1. 2 . Ftse looks like it is opening up 1 . A littlealk basf later. Ats lets take a quick look some assets. Brent up just a little b
,uccessive weeks of gains leading to very little Risk Appetite. Have a look at u. S. Futures. That is playing out across u. S. Futures. It is also playing across currencies. Dollaryen, down about. 25 . China, the market is usually dancing to its own beat, and that is what we are getting at the moment. We are up for a seventh straight day. Well above 3000 for the shanghai composite, on midspeculation that this lack of margin debt will lead to another explosive rally. The fuel thats fired chinas market boom and bust. Policymakers are reviving support for margin trading. The state backed agency that provides funding to brokerages is offering shorterdated loans and cheaper prices. Essentially what we have seen at its margin debt is lowest level since the end of 2014 in china, and we know the shanghai composite tracks the margin trading we have seen across china. Was tryingacked fund to get this rout off the ground. It has offered shorter loans and lower interest rates. We are seeing these
Manus welcome to countdown. Anna a warm welcome. , a lot ofctures emotion on the streets coming from result. With theart in doha oil story. Doha. Et in such expectations built up to this meeting even though we knew the iranians may or may not have played ball. Manus the saudis made it clear that they wanted the iranians on board. Road to dohathe crash. Everything is reacting aggressively in the wake of that disappointed. Let us check out the fx board. The wtiwn 4. 7 , and down 4. 2 . The aussie and the Canadian Dollar and the yen. The biggest around the yen. Near a 1. 5 year high. There was also an earthquake in japan. Lew called on Foreign Exchange moves to be orderly. Warning against the potential intervention. This has flowed over into the fx well inut elsewhere as reaction to the story out of brazil as well and that has also rocked markets. Anna treasuries are also on the move. Money going into treasuries. The perception of it being a safe haven. Some of the yields coming down on t
Income of two under 40 million 214 million euros. Less than 30 minutes away from the European Equity market open. The pace is being set by what is happening out in japan. Let me sure you what is happening with the expected to some of the stock stories are interesting. Let me show you what is happening with the expected open. Some of these stock stories are interesting. We are going to open lower 100. E foo ftse Deutsche Bank is expected to open 3 to 4 higher this morning. Look at the story coming out of asia, absently fascinating. Thinking when you look that is negative rate so tory . Draghi has already made of his mind. The dollar yen is on the move. The nikkei is falling. The kiwis are getting very excited about their currency as well. This morning. Reen they are watching very carefully to see what will happen next. 8 thisde is down by morning. Lets bring this all together very nicely and get you to the first word news. The press conference with kuroda has just started. David inglis
It very bruised apple. 45 billion in market cap is lost as a 50 onequarter growth streak is shattered. Has peaked iphone come and gone . We are going to talk about apple and the fed, but its all about the banks. Were going to talk to santander. My assessment of the banking reporting season is expectations were so low that actually trying to make a beat happened and isnt as hard as you would of thought. A good think thats point. Its a lot like the show. Expectations are low. People may watch it. Santander and barclays, even though we did have a difference onbarclays had a big loss the estimates, and santander Beat Estimates one thing they have in common, they are losing loans on commodity loans. That get us back to the oil and gas sector. We need to press them on how bad are their Energy Sector loans. Guy its going to be fascinating to hear what they say about the low Interest Rate environment. What was interesting about barclays, they cut the retail part of the business, which now make