This is the company we are keeping an eye on. We understand that net income acmcame in better than expected. We are trying to figure out exactly what they do next, but results seem to be pretty good, well ahead of estimates. I am looking at many things, but overall, global stocks are extending declines and we are seeing this risk reversal permeating through a lot of the asset classes. Gold, up a patch. Then, you have the eurodollar at 1. 1841. The topix, in asia, its retreating for a fifth day. Lets get to the bloomberg first word news. Revivingslowdown is fears over a glut in raw materials. The bloomberg Commodity Index extended declines. The fall has been exacerbated by concern that demand will weaken a china bounceback amid a pledge by president xi jinping to focus on the quality of expansion, rather than the pace. Nickel, iron ore dropped. Zimbabwe, mnangawa is stepping down and negotiating for his wife to leave the country. In a televised address, Major General says he will guaran
Be as markets are giving us a lot, a lot of news, just in themselves. There is a lot overall. Oil is still sliding. Global stocks are retreating and you can see that clearly in europe with the stoxx 600 down 0. 7 . The yen strengthening. We see a risk off mode with crude oil tumbling into a risk off mood. That will persist. We also want to look at the shanghai equities, and the chinese domestic stocks. I will show you that shortly and then the pound, of course, it is the cleans speech it is the queens speech today. Lets construed to the bloomberg first word news. Reporter saudi Arabias Deputy Crown Prince Mohammed bin Salman Al Saud has replaced his son as heir to the throne. The shocking announcement sonsidates the sokings power. Algian shoulders have shot suspected assailant from brussels. Had allin station wit tarins haulted. The interior Affairs Ministry confirms that military staff had intervened to neutralize an individual. Chinese stocks will be added to the msci indexes. While
Customer. And sell them straight to the customer. A decade after the financial crisis, is the world ready to be taken off of financial and support . This is bloomberg surveillance and im Francine Lacqua in london. We go to a suburban paris, where six people have been hurt after a car rammed into them. Police are still searching for the driver and the car. This is according to police reports. Place aftere sentinel operation since n was declared to remain until it is no longer useful. This occurred in the northwestern suburb of levall ois. We will keep an eye on that. On to geopolitics and the impact on the market. We see a very clear movement into havens. This is what we are seeing the goldyen gaining on the tensions in north korea. European stocks, slumping following declines across most of asia. The vix is up. Does get straight to the bloomberg first word news. Reporter the South African rand has led declines among major currencies after president jacob zuma survived another bid to ou
Life from bloombergs European Headquarters here in london. Im Francine Lacqua. Lets get straight to the board and to the market. Here is the picture for european stocks. We did see a reversal a little bit. A lot of these asian equities, the euro stoxx 600 getting down to 0. 5 . I want to focus on german bonds, the 10 year at a new fresh record low. Pulling off 50 a barrel. The japanese 10 year bond yield sinking to a year sinking to a low. Caroline francine, thank you. Chinas export exports stabilized in may. Overseas shipments fell in dollar terms. Imports slipped just north of. 4 . Meanwhile the pboc has kept its 2016 growth forecast unchanged. It provides that cpi forecast up from 1. 7 . Japans economy grew slightly more than reported in the first quarter, helped by revisions and private consumption. Gdp expanded 1. 9 giving some relief to shinzo abe. The british Prime Minister and leader of the u. K. Have argued each side of the exit issue in a tv special of the brexit issue in a t
London. Im francine lacqua. Lets quickly check on the markets. We decided to plug pound before anything else. If you were to choose one story you wanted to date deeper into, it would be bank of england and repercussions of a brexit on whether they will do qe and what an Interest Rate cut means for the economy. For europeanicture stocks overall, gaining a touch. We had earnings news here in there. Crude oil at 43. Lets get the bloomberg first word news with nejra cehic. Nejra siemens has raised its earnings outlook for the year after higherthanexpected thirdquarter profit. Europes biggest Engineering Company said profit from socalled industrial operations rose 20 in the three months through june. Chicago fed president Charles Evans says one rate hike could be warranted this year. He expects growth to increase in the second half of 2016 following disappointing gdp readings in the first two quarters. Investors are awaiting fridays jobs data for july. A woman has been killed and five other