What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
Between the opposition and Ruling Military Council are set to resume. And of the trump baby is back. Protests in the u. S. As the fourth of july parade is criticized as wasting taxpayers money. The United States welcomed the seizure of an Iranian Oil Tanker in the strait of gibraltar. It was detained by the u. K. Early thursday. It is said they were delivering oil to a libyan refinery in reach of sanctions. Iran called the interception illegal and the summoned ambassador in tehran to explain. Reporter a tanker in the shadow of a rock, the Oil Tanker Grace one. Calm, but the ship is at the center of a diplomatic storm. Spain revealed the u. S. Had been monitoring the ships journey and passed on intelligence to the government. Giving the gibraltar government grounds to believe the vessel, the grace one, was asking in breach of european sanctions against syria. In fact, we have reason to believe the grace one was carrying crude oil to a refinery in syria. That refinery is the property of
China. Xi jinping ahead of talks with President Trump before the g20. Bayer shares jump as the German Chemicals group bolsters its legal team to address a multibillion dollar litigation challenge around its roundup we weed killer. And h m reports sales of its summer collection are off to a strong start with the firms shares on course for their best day in three months. Good morning a bit of italian data this morning. Italy june Consumer Confidence numbers are just out theyve fallen to 109. 6 verses a consensus of 111. 3 this is the lowest italian Consumer Confidence number since july 2017. Overall Business Confidence has also fallen to 99. 3 versus 102 in may Manufacturing Confidence has also fallen to 100. 8, slightly below consensus of 101 also lower than in may that will paint a picture of slowing confidence in italy. That is the picture for euro, returning flattish around 1. 1370 there hasnt been Much Movement in the euro. The story has been one of dollar weakness rather than Euro
Brussels italy remains optimistic about defending he its deficit case to the commission we just talked yesterday, i will talk in a few minutes there was a fair play a new dynamic to the conversation i hope so. European chipmakers in the red after Semiconductor Supplier iqe warns fullyear revenue will miss expectations as u. S. Restrictions on huawei hit Global Supply chains good morning we have a very busy show first i want to take you some pictures of eu leaders who are gathering for the roundtable well bring you the latest from brussels throughout the show this after reports that there doesnt seem to be an agreement yet on the future of the president of the European Commission negotiations are continuing. Lots to discuss, not least the future about the european the head of the European Commission as well as italian Political Developments as well as geoPolitical Developments overnight. Something that well be discussing shortly with willem marx who is there in brussels. I also want to
Completely financed by these very small anonymous credit cards that can be topped up completely anonymously, a joke, like in a joke, that the next currency for europe will be firewood, that there will be firewood, firewood to heat, a joke, its like a joke from the russian side, well, yes, they are sometimes brought in. The imf did Everything Possible to help and support ukraine. You know as well as i that your the country was not in perfect condition. You know as well as i do that there were very strange characters. Who abused situations in which they had their own small armies. Who had their own system, they certainly took advantage of what both the imf and the us were trying to do to help ukraine, the imf loan, the program that was initiated were necessary, if this had not been the case, the situation in ukraine was catastrophic, would it have been implemented 100 perfectly, of course not, as you thought, here she was talking, she but she believed in what she was saying this is her a