It slightly lower and above seven again. Guy italian btps firmly in focus. A big selloff in italian bonds. The british pound also under pressure. When do we go through 1. 20 . Vonnie lets take a look at the week that was through the numbers. The numbers that have moved the markets most this week is seven. Chinas daily currency fixing became a closely watched event. Monday triggered the biggest loss in the yuan since 2015, and a tumultuous week in markets as well. The episode leading to the u. S. Labeling china a currency manipulator, the latest escalation in the trade war that sent investors rushing once more toward haven assets. 15 trillion is the world stockpile of negative yielding bonds. , gold futurese hit a sixyear high wednesday. The precious metal has been one of the chief beneficiaries in the trade dispute between washington and beijing. To unpack all of the reaction, we are joined from st. Petersburg, florida by james , with about 10 billion under management. James, what was
We also had gains in yuan lifting currencies. You can see the u. S. 10 year yield at 1. 72. The fixing at 7. 04. We are getting breaking news out of the philippines, another central bank that needs to do something because of the world economy. 4. 25, cut the key rate to following india, new zealand, amongst others. Coming up, we hear from the chief executive of adidas about trade wars and global demand. Now, lets get straight to bloomberg first word news in new york city. This morning, oil is rebounding from a sevenmonth low. Looks tos saudi arabia stem the slide and processes in prices. Bloomberg learned react will not tolerate continued price weakness as oil has been driven down to the worsening trade work and a surprise increase in stockpiles. Pakistan suspended a trade with india and downgraded diplomatic relations after new delhi revoked decades of economy for the disputed region of kashmir. Islamabad says they will take the matter to the united nations. India says the issue is an
How electric cars are being used to power a small portuguese atlantic island. And the actressjune spencer, who plays peggy in bbc radio drama the archers, reveals the secret of how shes still working as she turns 100. Well, i suppose it is inheriting good genes, for a start. And an outlook of. A cheerful outlook, i think, an optimistic outlook on life. Good morning. Welcome to bbc newsroom live. Andrea leadsom and mark harper are the latest candidates to launch their campaigns to replace theresa may as consersative party leader, and become the countrys next Prime Minister. The initial group of ten candidates will be whittled down to two by a series of mp votes over the next few weeks. The final pair will then face a ballot of the wider party membership. We should know the winner of the contest towards the end ofjuly. This morning, Andrea Leadsom launched her campaign by pledging action on climate change. Mark harper called for tax cuts for those on lower incomes. Rory stewart will laun
Low pressure sitting around here, spiralling around that we have kyle jameson outbreaks of rain, the stripe of culture sitting in place, not moving anywhere quickly, so the wettest weather continue across parts of lincolnshire and the north midlands, wet weather to merseyside, north east wales, dangling down into cornwall. The same areas will see cloud and persistent rain through the rest of this afternoon. Where it was so wet in the south east yesterday, we see sunshine but also some heavy, fungible shallots. Light winds here, pretty brisk winds elsewhere. You will notice the strength of the north easterly winds and you can see gusts of a0 mph or more, 11 degrees in birmingham, 12 in hull. Northern ireland, the far north of england and scotland predominantly dry with some sunny and scotland predominantly dry with some sunny spells and a few showers in the far north of scotland. The band of cloud and rain moves erratically North West Woods overnight, some rain into north west england a
Managed exit by the end of october. They must have the negotiating ability to deliver it. A mothers nightmare the nhs contaminated blood inquiry hears the impact on a family whose six children were all infected. I think she would be alive if it wasnt for what happened, because she was a strong woman. The tragedy has ripped her heart out. Must spy harder a government regulator says the storage and handling of large amounts of data by the Security Service mi5 is undoubtedly unlawful. Coming up on afternoon live, all the sport with ben croucher. Good afternoon. Wales manager ryan giggs has called on stronger sanctions for racism in football as his side prepare to play in budapest less tha n his side prepare to play in budapest less than three months of hungary we re less than three months of hungary were charged and fined £20,000 for racist behaviour by their fans in a game against slovakia. 3000 seats tonight will be shut off as a result. Thanks, ben. Looking miserable there, susan. The