Lets quickly check of the markets, global Stocks Holding near a oneyear high as we are seeing more and more rising oil prices, now above 45 a barrel. If you look at wti, you can see it around 45 currently. Its pointing to a resurgence in the emerging markets, and to a saudi stabilization. They keep on saying they want some price decrease, but there rhetoric is certainly filtering through to the markets. This is the big picture for the e markets. The yen lower after slow forecast, a lot of investors thinking the boj will have to do more. Lets get more of the markets with nejra cehic. Nejra the chinese yuan has suffered its sharpest drop in six weeks after there were concerns raised about Economic Growth in china. Figures showed new credit growth in july was the weakest in two years. And investment also we get, indicating that the reason stabilization may be faltering. Two terminals. At new yorks jfk airport were evacuated after initial reports of shots fired. The nypd tweeted that all t
Live from bloombergs European Headquarters here in london. I am Francine Lacqua. We will be joined by the prudential ceo, mike wells. The Company Reports earnings and a half hour from now. He joins us 40 minutes from now. 10 minutes after the release. We will be talking about brexit and all of the challenges he has to do in the wake of negative rates around the world. We will be talking about guilds. We are grading were getting breaking news out of the doe. Yesterday was the first time the boe ran into this stumbling block. The second day it was buying that it expand this qe program. The boe seeking offers and 1. 1 7 billion field operation. Do what it to is trying to do is it will include a shortfall. I dont know whether they are buying shortterm maturities which are easier to there are more sellers of that. Boe is saying it will seek office in this 1. 17 billion pound guild operation. I dont know if they are changing that much in terms of timeline. We will bring you any new boe headl
, will the double down . Watching the ftse 100 on the back of that m a news. Look how we trade ahead of the market open. France, italy, bank holiday. Markets are open, but we could see light volume. Stoxx above the 200 day moving average, can we see sustained gains after the postbrexit . Aboute will be talking italy and france as well. Will be throwing water balloons at each other today. We do have markets expecting light volume. Let me walk you through the morning gmm. Japan and focus. The front end of the japanese curve, more dismal data coming through. From a currency point of view, the markets look calm. The japanese yen not doing much. Here is bloomberg first word news. Thank you. Grew less than forecast to the end of june, gdp expanded by 0. 2 and the second quarter, less than the median estimate of economist for 0. 7 . The data comes as business spending contracted for a Second Straight Quarter, and exporters struggled with the resurgent yen. The european from union could be del
Japan, saying the balance of power has swung too far to the employer side. Let us know what you think of our top stories by following me on twitter. Dont forget to include trendingbusiness. Trade aftering being closed for two days. Singapore and malaysia coming online. If these postopec gains are being held across the region. Juliette we are hoping for that. Malaysia is southeast asias only net oil exporter. Singapore joining in that buying party, up. 4 . Taiwan, a gain of. 7 , taking that rallied from the u. S. And running with it. The kospi is higher by. 1 . A slight dip in south korean consumer confidence, not impacting markets. The nikkei recouping what it lost yesterday, up by 1. 3 . Session, moreays than half were trading without their dividend. The Australian Market is saying great gains, energy up over 10 . Santos also leading gains. In new zealand, upside to. 5 . This is moving into the Energy Sector of the Australian Energy market. It is the top performer, up by 4 . We are se
Treaty between the eu and ukraine by a margin of 221. How will u. K. Politicians be up to make their case on brexit . Two big stories ticking around. I like the dimon line on this. Is to too many . We are about to hear from peter pratt as well. I also like this exit story related to what happened in the netherlands. Protest votes or something more significant . That is my question. Hans it is difficult to see whether there is a direct correlation between a process vote in the netherlands and a clear in her outvote in the u. K. One note on the jamie dimon letter, 50 pages. Couldnt he have waited for hours to incorporate the latest fed minutes . I wouldve asked for an extension. Whoever grated the paper, he shouldve asked for a to our extension. Thats whoever graded that paper whoever graded that paper, he shouldve asked for a 24hour extension. I trust the fed on that. I think that data is safe here safe. Maybe he edited. Maybe couldve edited the last minute. You think at his bit for spe