Brussels after a significant defeat forcing to give parliament a vote on the final deal. We are live at the summit. Security soft where maker jim wil focus onto accelerating growth. Lmatt where less than half a note half an hour away from the open. Much Central Bank News, volatility at a low level. We do not see much direction, direction but not much size as far as futures are concerned. Down across the board but only fairly small moves with the exception of when you get into the dax. Enter frankford a drop of one third of 1 . Take a look at oil. Interesting today, everyone is focused on rates, people will be focused on currency and stocks. Do not take your eye off oil. This is a threeday trade of nymex crude here crude. We are down 2. 5 as u. S. Output has risen to a 30 year high. Eight weeks in a row of gains for oil. Watch this space. I am behind you. Lets talk about the gmm and figure out what is happening. And what has been happening in some of the equity markets. Switzerland more
A very dark london this morning. Coming up later, the brexit show. We will be joined by the former Prime Minister of ireland. Lets quickly check your market s. Eurodollar. No, its euroyen. This is what the pros look at. Its the end of the quarter so were seeing a little bit of caution when you look at the stoxx 600. The price of oil. The Spanish Government is continuing efforts to stop an independence referendum in catalonia. The Regions Administration is pressing ahead with a vote even deployed thousands of police and arrested eight dozen local officials. Catalonia includes barcelona and theunts for a fifth of economy. In the u. K. , most members of theresa mays party think she should quit before the next election. Ina poll, 13 said she should leave now or in the next year. And the same proportion said she should go just before the next elections in 2022. Meanwhile, 38 think she should quit after britain has left the European Union, march 2019. Steven mnuchin says the republican tax p
He just sat down, so we will get some commentary from him as we work our way through the next hour. To get my greek right or my producer will be angry, a mixed result. The greeks reach a bailout deal, releasing muchneeded aid. The critical question of debt relief is being dodged here. When will this issue be resolved . And the luxury of low rates. It is dangerous when companies are paid to borrow. So is there a bubble waiting to burst . Matt we have less than half an hour before the european open. Lets look at futures right now after a fairly weak session yesterday. We had gains across the board and in futures. The ftse futures up by zero point 0. 1 . We have dax futures up stronger, i am going to make an audible. Normally i show you bunds and it is an interesting trade today as well, but what i think is more interesting, guy johnson, if you take a look at the european car registrations. I have up a fiveyear chart of that right here, and you can see that even though we have had a jumpe
The latest from beijing. In the emirates. I am Tracy Alloway in dubai. I in shery ahn in hong kong where it has just gone midday. The boards here have been a hike from the fed. It is affecting markets across the board here in asia. We are seeing equity markets rallying to to the highest level since 2015. The japanese market saw that downward market. The south korean won is losing a asian currency. Optimism the funds will keep flowing into the region after that hike from the fed. Take a look at the offshore renminbis. It is shrink fitting 3 10 of 1 . When it comes to the onshore, they strengthen it by. 37 , the most since january 18. All about sovereign bonds data this morning. Australias Unemployment Rate on gaining rounds as well. Tracy you mentioned the end gaining. The u. S. Dollar doing something on in reaction to the fed decision, it is weakening. It is still weaker today. That is feeding into commodities. Take a look at how oil and gold is reacting. Gold is the big mover. It was
You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no