Right now. Opened with gains but now we are looking at small declines. Not a lot of conviction from investors area they are dealing weh so much at this point, also of course have the influence of central bankers and mario draghi with all of these hurricanes and right now we are looking at unchanged markets and on the week we are also looking at the kleins based on tuesday passed big pullback. Thee was mentioning influence of hurricanes on the financial markets. Lets take a look at those influences. If we take a look at the commodity complex right now, taking a break, its first down day since the department of Energy Report came out. It will be influenced by Hurricane Harvey investors. Gold is trading higher. Orange juice futures are up 3. 5 , getting a big boost ahead of Hurricane Irma potentially hitting florida and the declining complex really getting a hit from the bloomberg dollar index, the u. S. Dollar down for a six day in a row at levels last seen in 2016. Turning to some of th
Somewhere between debating somewhere between 0. 25, 0. 5. Mark the British Chamber of commerce says the weaker pound is failing to boost u. K. Growth. We speak to the head of economics. This is bloomberg surveillance. Im mark barton in london. Check out european stocks today, on track for a weekly decline, continuing that trend of alternating between weekly drops and gains. Down today by 0. 2 on the european benchmark. Above 1. 20. Rising for a fifth day today, best run since august last year, aside from admitting the Exchange Rate and volatility is problematic. Draghi declining to talk about any action to reverse the course. Highest for the euro against the dollar since 2015. Look at the u. S. 10year yield. Down by a basis point. Lowest since november 8 last year. You know what happened on that day, the election in the u. S. Geopolitical tensions, Hurricane Irma, driving yields lower across europe as well. Nymex crude is lower today. It is headed for the first weekly gain since july a
Status. Officials on both sides seem to be losing patience. The ball in greeces court but they want to throw it back at their creditors. No end to this debt debacle. Foreign currency volatility. A sudden spike in the euro. We are trading higher on zero point 3 . A similar dip in the dollar index. 0. 3 . In fact, the swings between the euro and the dollar between this hair is the high pair is the highest since 2011. Volatility is present. Bearish. Bets against the euro are pretty low. Many believe it will be done with greece. The market is positioning with a deal. The Hedge Fund Speculators have been cutting their bets the euro will fall. A little bit of an issue. The dollar will be moving today on the fact without Monetary Policy committee comments together, the Federal Reserve will start debating Monetary Policy in the u. S. Could there be any hit by jenny yellen will see rate rises later this year . Most bets on september. The bond market, a move to the haven into germany. Borrowing
Is the hurricane. Taylor riggs will get to that in a moment but also we have got the basic idea of sorry, i lost my train of thought. Francine we are getting breaking news on the Nobel Peace Prize. It is the first time i remember they have not awarded it to one person, but to the Colombian Peace accord. The peacet because accord was in jeopardy when i had a referendum and it was rejected. We did catch up with the finance minister of columbia, unclear exactly what will come from here. We are getting that live announcement from the nobel peas committee in oslo. The winner is the Colombian Peace accord. That is after the referendum on sunday. Tom it really changes things and the interesting thing is the duration of a peace accord. It is supposed to be a year or two and this has been a generational struggle. Francine i correct myself, because the prize was awarded to colombias president , mr. Santos. It is not to the peace accord itself, it is to the president. The reason colombians reject
The pound rising for the First Time Since the uks decision to leave the European Union. We have seen recovery of investor appetite for higher yielding assets. Urrency markets zapping demand you can see the volatility index dropping down 9. 8 . When you look at the underlying compass for this slightly entrenchment slight entrenchment, Monetary Policy and the Central Banks to stay firm. Will get one that. We will bring you Mario Draghis speech live from portugal. The skip to the bloomberg first word news with nejra cehic. Nejra David Cameron is set to face his european leaders for the First Time Since the brexit results. The Prime Minister will endure an awkward dinner with his cohorts later after his efforts to calm britains failed to stop the pound from slumping again yesterday. George osborne has made it clear that the u. K. Will be poor in the wake of the brexit vote. The u. K. Chancellor added that the country is a certain to need hikes and further spending cuts. He ruled himself ou