Interest rates do remain unchanged. The vote on that. The gilt purchase is 80. The bank of england keeps key Interest Rate unchanged. The vote was 71. The vote on Interest Rate, 71. Thathan the idea is growth hasnt turned lower in the way that they anticipated and inflation continues to grind higher. It is starting to become more open to the argument that she has put forth . Guy i think you can deduce that from the line talking about tighter policies. The markets, because it has an assessment that the bank will look through this inflation because it is transitory and linked to the currency, maybe it doesnt hold water . Maybe if they are concerned about the secondround effects . That it will have an impact on the wage story . And it could have an impact elsewhere because of that. So the implication seems to be that yes, the argument does seem to hold some water at the moment. The bank has not decided to step onto the other side of the debate. It is interesting at this point but clearly,
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
The premier says china will continue to champion economic openness. Its bloomberg daybreak europe. City ofre in the london, im manus. A day of breaking news. One of the biggest nordic lenders, the critical thing on their mind was what would they do with the dividend . Committeds if theyve 65, its just a snap below the estimatet consensus. This after the ceo this time lester shifted gears in terms of having promised to pay out 75 of its former dividend, shifted gears and said its going to a progressive level. You,ple of key numbers for the loan loss estimate is for 148. 8, quite a significant fourthquarter net loan losses. It will be eventful and we will be prepared, according to one banker. 1. 20 one billion euros. Net fee income, 876. The key message here is that the and the is in line buffers of capital are there. Sixmonth earningspershare 34 and 44 . Those other breaking news headlines. I thought we would start with a moment in time, have a look at this. This is the Dow Jones Indust
Firm. Welcome to countdown, everybody. I am anna edwards. Manus i am manus cranny. They warned us, saying the problems would be tough, dropping around 50 less. Let us bring you the first news. First have sales coming in at 3. 7 2 billion, that is down 11. 4 , a little bit less than will the market was perhaps expecting. 353he operating profit, million swiss francs, that is down 53. 6 annually. They expect the results close or equivalent to last years, with that kind of pressure, this was last week, the stop dropping 14 on the day. The drop in profit they expected it to be twice what the analysts had expected. It is all about switzerland. Anna lets stick with the corporate thing. Firsthalf sales rising by 5 , and roche confirming the forecast of interest, analysts say first half sales will be 20. 5 billion swiss francs, a touch above the estimate of 24. 8 billion swiss franc. And at 7. 7 swiss francs versus the estimate of 7. 64. A look ahead of estimates. Looking in particular for Blad
Let us talk about the big themes. One of them is do not mess with my currency. The chinese of course, this is what we have for you. Now areyuan. In breach of this level. And the pc of the said this is it. Back off on the currency. They ratchet up the price of borrowing, up by 3. 8 . Since the highest february. These moments of breach and dollaryuan invoke the invective from the pcbo, ratcheting up. That is putting the cap. That is the message from the g20. The devaluation , or let us say the depreciation of the currency. Exports up for the Third Straight month, imports are searching. Yuan, do not mess for my currency. Nejra is that a look at the risk radar. See what we are watching this morning. Starting of course with global stocks i have the msc. I all country pretty much unchanged, really ahead of the ecb today. And you have the bank of japan coming up later this month and the fed decision. It got quiet and equity markets. Volatility is down. We are seeing those stocks pretty much u