Coronavirus. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. This is a picture of the markets. We are seeing a bit of a bid for the commodities markets. There is definitely a little bit of an upside when it comes to the price of oil. That is the one big one we are watching out for. We are also looking at the oil, first of all, at 31. 14. Europeanot gold up 1 , stocks gaining almost 2 . We will have more at your Market Action throughout the day. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika the u. K. Warning of a long battle with the coronavirus. People returning to work and school as the economy gets back on its feet. On sundaythe sun says johnson was returned to near normal in july. Astrazeneca will make 30 million doses of a Coronavirus Vaccine have 100ber and will million doses this year. The u. K. Will be the first to have access to the medication if it is successful. It is being developed by oxford uni
Well with the stoxx 600 up 2 10 of 1 . One of the outperform is is up and the cac is also positive. It is a racing some of those gains now. Lets get to the main story the Standard Chartered bank head of global fx research. Quarter gdpsecond growth doesnt sound like a massive slowdown but there are some warnings here, what should we make from this . Olds long as there is china just chinese growth over 6 , they are doing fine. They hit Market Expectations with aq2 number and we have not experienced the full brunt of the last rounds of tariffs which will be felt inq3 for the monthly numbers surprised to the upside and thats in the hope that maybe things are beginning to stabilize there. Its like a 14 trillion economy and its carefully managed and this is a managed slowdown. Should investors take flight at all . Investors have to be cognizant, every set of policymakers whether emerging or develop markets are trying to control their economies. There is strong debate as to how good their too
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Thank you very much. Those are the headlines. Lets look at the markets to show you where we are on the European Equity session. The fourth of july is celebrating in the u. S. This is the picture right now. 0. 2 at the moment. We have seen north korea digesting the carried out that icbm launch. Some strengthening. We have the dollaryen strengthening. Yields are weaker. Is a little weaker now. Stories, north korea claimed they successfully launched an
Difficult to understand. We will speak to the cfo and 10 minutes time. Marketu. K. Housing token . We will ask the ceo of retro if he agrees. Europeanalf hour until trading. We saw gains in the u. S. , overnight gains in asia and we see gains in european futures. On ftse futures and dax futures and a quarter percent on cac futures. Stocks of the moving higher and that is pushing through to the futures market. Guy lets talk about what the gmm is showing. It appears to be one of the drivers. The euro is down by. 21 . That bloomberg dollar index is breaking out of its fiveweek range. We will show you that chart later in the program. Keep an i am both of those. We will show you what is happening with the euro. This is the eurodollar trading down as liquidity kicks in. That is the bond yield. Areession lows and prices rising. Lets get the first word news update. Here is shery ahn. For donalders Trumps Administration have told a San Francisco Appeals Court that the travel ban is within the p
Shareholders, we will speak to longmans ceo later in the program. Than half an hour away from the European Equity market open, and let me slide across to give you an idea of where we think the day will start here in europe. This looks like it will be a fairly positive picture. Stoxx up 0. 7 . Well. N the front foot as everything opening up around 0. 5 . German market is looking strong this morning. Other assets, lets see what is happening around the world this morning. Higher,gher, 1. 25 48. 43. Goldman sachs sees changes in the gold market. Shanghai on the front foot. The resale name retail number was actually quite good. Ar, this is the one need to worry about, versus the chinese renminbi. A trading need to Pay Attention to. Pushing up north of january highs quickly. Are we going to see a significant outflow once again developing . We have a surprise for you this morning. Not only stephen major from hsbc, but my colleague from matt miller my colleague matt miller from the United Stat