The pound higher. So we are less than 30 minutes away from the European Equity open. It is friday morning. Let me tell you what bloomberg is pointing us to. Lets show you the wti function. You that not all lot is going to happen this morning. We are looking at a fairly flat story. Not much happening on the equity front. It has been an interesting week. A lot of down days followed by a positive session yesterday. Lets show you exactly what is. Appening i think what you can take away is the dollar is backing up a little bit. A little bit of a move on the ,pside for the dollar index which has suffered so much this week. That is a story we will spend a little bit of time talking about. Dollar, oil, a combination of what is happening in the commodity sector. Iron ore, gas, wti trading higher. E had wti trading up the dollar index is rising. Lets get the bloomberg first word news with christine harvey. Christine thanks, guy. John williams says he is for hiking rates and doing it soon. He war
For you. At 9 30, we have our weekly brexit show ringing you all the news and conversations around the u. K. s vote to leave the eu. We speak to heathrow ceo John Hollandkaye and go through the markets and centralbank action. First to the markets. Two things you need to watch out for. Oil trading above 48 a barrel. The dollar paring some losses for the week as stocks decline somewhat in europe. They are also declining in asia. This is a picture for yen. Twice this week it went below 100. I dont do this very often, but i want to show you the south korean won. It slid to a low in the last five weeks. Lets get straight to the bloomberg first word news with nejra cehic. Nejra the u. K. Financial Services Industry has reportedly given up hope of universal access to the eu Single Market. According to the financial times, the city is speaking is seeking a bespoke deal with similar but stronger ties than switzerland. The paper says representatives from the industry will present their ideas to
Shares at the Company Tanks as it scraps forecast pending and accounting pro. And accounting probe. Mark welcome to countdown. Also coming up today russian reunion. Angela merkel and Vladimir Putin meet for the First Time Since february to commemorate victims of world war ii. Tensions remain high over ukraine. The peoples bank of china opens the stimulus cap again cutting Interest Rates for the third time in six months. Challenging the countrys 7 growth target. Christine hah is on the story from beijing. Good morning christine. Whats is expected . Christine it was expected. A few economists had predicted the right path. Over the weekend, we also had Consumer Price growth most important, the shanghai market has tempered the rise over the last two weeks. A lot of space for the central bank to cut rates at this point. Cutting rates at this moment is more of a stabilizing a step a stabilization to the economy than a stimulus. Debt levels are ready so high in china. We have seen three rate