This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
We will be tuesday or wednesday of next week. That is an uncertainty the markets dislike. Francine no one likes risk in this kind of environment. October manufacturing, pmi rising that are then estimated. We will have pound and euro check shortly. Lets get to the bloomberg first word news. Bankersmost british really that london will remain the Financial Center even after the country leaves the European Union. 72 of banker say london will maintain his role as the Financial Hub for at least five years. The eu and u. K. Will be hurt by brexit. Forecast is that mark carney will not change Interest Rates while he is governor of the bank of england. Mark carney says he will stay in the job until june of 2019, one year longer than planned. Will keep the benchmark unchanged while the u. K. Is negotiating brexit. South korea government shakeup over a peddling scandal. The president fired her premier and finance minister. Neither was directly linked to the investigation, but she appears to be tr
Approach tactfully for a giant looks to expand its pharma lineup. Trimming its second weekly game as opec focuses negotiated terms on iran and russia after iraqs signals they will agree to a production cuts. The next meeting is november 30 and that is what you need to know at this hour. Jonathan the ecb is facing the decision to extend a 1. 8 chilean dollars dennis program. 1. 8 chilean dollars stimulus 1. 8 trillion stimulus program. We were in athens earlier to weigh in on the subject. Bond yields and bond prices have changed. We are entering perhaps a new. Ra the numbers show that our policy works. Inflation is on the rise as i said before. We look at this data on the eighth of december and we will decide. Of course, Monetary Policy will continue to be accommodating until inflation arrives at a level of 2 or slightly lower. Still a Long Distance from these targets. Far too early to be talking about the tapering word. It is far too early, exactly. One thing we have seen as a result o
Meeting much more important. I know were going to do that in a minute. Basically, the journal article suggests that what Carl Weinberg will has talked about maybe finally happened. We will talk about that. Francine we have been reporting this for a couple of weeks. Its something i addressed. They have been asking for some time and debt relief. They have done this veiled threat that if they dont get that relief, they may not participate. News. Get to the the u. S. Is backing libyas request to find islamic state. John kerry is in vienna where he met with russias foreign minister as well is the bromance from other countries. They ruled out the use of u. S. Troops. The majority of britons want to remain in the european union. 55 of those surveyed what the u. K. To stay. Thats up slightly. 40 want to leave. The referendum is june 23. In france, the french president will try to head off strikes. Last week, demonstrators in paris announced the plan that he forced to the lower house of parliam
I am mark barton. Francine lacqua is in zurich where she spoke to Credit Suisses Tidjane Thiam and we are live for more on that interview. Here in the studio today, great lineup. Today fory joins us the entire hour. Lets check in on the markets today. European Stocks Holding on to gains come up for the fourth considered a day. We have not had such a winning run since july 12. We are track on the third consecutive weekly advance. That hasnt happened for two months. Is ofllar yen rate xcn[ particular interest, post fed and preboj. The boj kicks off its today deliberation today. The dollar falling against the jumping yesterday and slumping two days ago. It has been a volatile week for dollar yen. The yield fell by seven basis points after the fed upgraded its assessment to the economy yesterday. It did not signal a move could come in september. The yield on the 30, 2. 2 . Brent crude to its lowest level in three months, 40 and . 43 43. 43. Lets get the bloomberg first word news with caro