That is all pretty good. And ready to walk away. Talks, and the demand for a massive divorce payment. Eu leaders meet in brussels to define their negotiating position. This is bloomberg surveillance. Im Francine Lacqua in london. The president travels to israel and then on to the g7. Nato,o has a meeting with but lets check on your markets. We see a little bit of impact, following the bloomberg interview on oil. Equity is trading pretty much unchanged, a little bit calmer. Oil at 54. Lets get straight to the bloomberg first word news. Donald trump has told arab leaders that the war on terrorism is not a fight between different faiths. He also called for middle eastern allies to not wait for americas help to crush terror groups. The speech was emanmeant to declare that this is not a war on islam. When young muslim men and women should have the chance to build a new era of prosperity for themselves, it has to be done and we have to let them do it. Summitds help, this will mark the beginn
Brexit could make it worse. Good morning. This is bloomberg surveillance and im Francine Lacqua in london. Lets get to your markets. European stocks are down a little bit, dragged down by basic resources. They seem to be cooling off after recent gains, but the single currency is edging higher. Oil is significant because opec and nonopec producers are meeting in abu dhabi, talking about compliance cuts. Government bonds are bixed with the dollar. Meanwhile come over in south africa we need to look at rand. There is a secret ballot vote on jacob zuma, the president. I think we have the results of that voting at 1 00 p. M. U. K. Time. Reporter chinas trade surplus widened for a fifth month in july. It keeps the spotlight on a trade gap President Trump aims to narrow. Japan has recorded a 36th consecutive surplus, beating economist estimates. That was supported by returns on overseas investments and a trade balance the return to positive territory. North korea condemned the latest round of
Politics and the turmoil in d. C. About Trumps Administration ability to enact the fiscal agenda on the back burner. Stoxx 600 gaining 0. 2 . A lot of the focus today and tomorrow will turn to the start of the Central Banks meeting in jackson hole. You can see the dollar strengthening. The one thing that im watching out for is possible parity in 0. 915. Und, currently at nymex crude at 48. 26. U. S. Crude stockpiles extended declines yesterday. That is your Asset Classes. Lets get to the bloomberg first word news. Nejra the death toll from typhoon hato has risen to 12. It is the most powerful storm to hit the region in half a century. Macau says it people were killed in the gambling hub. Another 153 were listed as injured. The city of charlottesville has covered two statues of confederate generals in tarpaulins. The decision came during a chaotic meeting and followed racially charged protests that left one woman dead. The u. S. Is preparing another round of sanctions to punish the gove
Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejra donald trump has pulled the u. S. From the Transpacific
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to