Be the next head of the euro g roup. President trump is in asia. , londonthat 9 40 a. M. Time. Lets get straight to your assets and this is what we are seeing in the markets. Aropean shares are edging little bit higher. Next trading overall. The dollar is coming under pressure. There is a concern that tax reform is slower than initially thought. President trump is in china on a state visit. He will have to watch any talk when it comes to trade. , after brexit137 talks deadlocked again. There is concern another minister will have to go in theresa mays cabinet. Here is nejra cehic. U. S. , democrats look to score a clean sweep in the elections. Will be the next governor in virginia, launching a victory in the state that is viewed as a key barometer of the party elections. Bill de blasio is projected to have easily won a second term as new yorks mayor. Republican tax writers have gutted a proposal to payments related to foreign affiliates. A 74 billiones revenue hold. The house wins and m
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc
Theresa may says she wants views and ideas from other parties as she tries to reset her brexit stance after last months election loss. This is bloomberg surveillance and im mark barton in london. We are one hour into the equity session. Stocks have opened, gaining for the first day. Rising for the first week in five. Stoxx 600, up by 1 3 of 1 . Kuroda, the boj governor, reissuing the boj remains ready to adjust policy as they did following the intervention last week to cap rising yields. The german 10 year yield is down by a couple basis points today. In the last couple weeks, we have had the 10 year yield rise i30 basis points. We have seen a 30 basis point moved to the upside following hawkishs from the likes of president draghi. Oil falling price, 4 last week. Kuwait saying libya and nigeria might be after capping supply to rebalance the market. Listed to the bloomberg first word news. Reporter Donald Trumps eldest son met last year with a russian woman who offered to provide potent
Good morning, everyone want to kick things off with a bit of data in the form of the eu pmi numbers the german manufacturing number posting more solid growth in july the french number showing another sixyear high. And once again were still waiting for the pmi numbers. We will bring those to you as soon as we get them. Let me double check whether theyre out. Not for the time being but well bring them to you as we get them. When it comes to european markets, we are broadly higher xetra dax up by 0. 2 ftse 100 is up by three quarts over a percent thats very much driven by the oil and gas story. Thats one of the best performers sectorwise lets flip over to the sectors here you go. Oil and gas is very much outperforming. This is on the back of Higher Oil Prices this morning, but also the profit beat coming from bp lets talk about that. Higher oil prices and deep every cost cuts have helped bp to a Second Quarter profit beat the british oil giant reported a 10 rise in production that would t
Present anytime soon. Shares in the photo app maker plunge as user growth stalls. Can any filter save it from the instagram threat . This is bloomberg surveillance. We are getting some breaking news out of the iea. Dip as we are seeing a across global stocks because of the threat from the Korean Peninsula. This is what im looking at. They are cutting estimates for the crude needed. I imagine they mean the crude pumped from opec for 20172018. They also go through some of the compliance issues opec was discussing. I dont know whether this is having an impact on the price of crude. You can see brent down some 0. 8 . They say that Global Oil Demand is rising to more than 100 Million Barrels a day for the Fourth Quarter of 2018. This is what im looking at for the rest of your data check. It is a risk off kind of mood. This is what were seeing in equity. Havens are gaining because of the korean tension. We had ray dalio publishing a note, a game of chicken between the u. S. And north korean