Two hundred fifty people have been killed in the past december since sunday. And germanys social democrats vote on a deal that could see them enter a new government but the party is deeply divided we get the grassroots view from a party member whos against another coalition with uncle michaels conservatives. Also on the program promoting your film at the belly knowledge means longs for Early Morning press calls looks like actor you walk in phoenix didnt get that memo he and director gus van sant teamed up to answer questions about their new film a contender for the festivals tom. Blow im terry martin good to have you with us. In syria a government backed troops have entered a freenet kurdish enclave in the north of the country turkey is preparing to lay siege to the city as part of an offensive against Kurdish Militia it uses terrorists and a Security Threat but the arrival of troops backed by damascus is stoking fears of a confrontation with turkey that could further complicate syrias
Equities market. Anna a warm welcome to countdown. I am anna edwards. Reporter and i am guy johnson from the greek capital. Anna lets get you up to speed on what is been happening. Lets talk about what has been going on. We will start with the euro. This is the last three days. Lower at the start of the Asian Session as the Foreign Exchange market picked up. We dipped below 110 and came up in the hours that followed moving a little higher. That initial flight to safety in a number of asset classes, definitely present but moderating a little bit. Looking at some of the other asset classes, you can see that as well. Look at what happened to the yen. Again, flight to safety but moderating a little as we get into our stride on this monday morning. How long will any calmness last in the london session . We will have to see. We may see that flight to safety resume. The treasury yield, another expression of the flight to safety trade this morning. Yield coming down on tenyear treasuries, but
Bestselling has e selling has ebbed somewhat. David we get the advanced goods trade balance for the month of may. At nine 30, ecb president mario draghi, bank of England Governor Mark carney and bank of japan and the bank of Canada Governor will speak at the ecbs forum over in portugal. At 10 00, it is u. S. Pending home sale numbers for the last weeklynd we will get crude inventories data after oil has come off with its most consistent gains in almost a month. Jonathan that is the lineup for the rest of the day. The lineup for the next 10 minutes, if you want political theater, you will want this. The house of commons where Prime Minister theresa may will be taking questions for the First Time Since the general election, pitting her against the labor leader in the opposition, Jeremy Corbyn. T is may versus corbyn you can watch that on your bloomberg terminal. That will begin shortly. Over in the United Kingdom, the story in the world of Central Banks is the fed taking notice of rising
Split the ceo and chairman roles. Frederick keeps his job while Vice President steps in as chairman. Lets get out to one of our top stories today. Chinese stocks suffered the worst drop many more than six years led by the countrys three largest broke ages have been banned from opening new trading margins for three months. It follows a investigation into high risk activity. Joining us live from beijing on the latest. Hi. Thats right. It is driven by a crack down on margin trading here. The countrys regulators had issued a warning to 1 different brokerages and they punished three of those firms. These are three major industry heavy weights here. And these companies now face a temporary ban for about three months on opening new margin accounts. The reason we saw it a lot of people are worried the move will dent the buying in stocks. The shanghai rally has been driven in large part to the margin trading that has been going on here. A lot of people have been flocking to the stock market and
The US Dollar (USD) is lower this Friday after the US opening bell with some Risk On creeping in after the S&P 500 has hit 5,000 briefly after the opening of the trading session. Talk of the town this Friday are headlines in the papers with the landslide victory of former US President Donald Trump in both Nevada and the Virgin Islands