Rising supplies in the u. S. And libya. Matt welcome to bloomberg daybreak europe. Our flagship mornings show here in london. Im standing in for manus cranny. Anna todays the day of the queens speech. The name is a little misleading, is not written by the queen, but its delivered by the queen. Is the first glimpse of the legislative agenda that is over the intended next two years by theresa may and her minority government. How many domestic policies does she need . The voting takes place next week. Lots to talk about but more broadly, we need to talk talk about whats been happening in china. Take us through some of the market action. Said there was muted reaction in the market today with chinas msci inclusion, but of course its been long suspected, they tried three times already and failed. Here you can see over the last year a runoff of investors piling into a share etfs before the decision. We talk a lot about buy the rumor, sell the news. Today it was by the rumor and save the news
Names a new crown prince, replacing his cousin. What does this mean for reform, the region, and the markets . Speech. Queens u. K. Parliament opens with the monarch presenting theresa mays agenda. But where is the deal with the dnp . Take a look at pages across the board. You are looking at, as far as the futures go, you. 4 drop on the ftse index. Add ine bit more if you the peripherals. Take a look at funds bunds. A little bit more nds pushing down the yield. I know there are some green numbers there. Less yield. Investors kind of got a width of this and the drop in oil and already were hiding. Guy saudi arabia, fourth time in. Great stuff. The market was softer. Argentina, stays as a frontier market. Keep an eye on these two. They are fascinating. Peso, again,an similar sort of story. Move onto to the next animation and talk about what is happening. Argentinian bond market. This story, it is important. It is not just a china story, it is a whole bunch of other things. Story, the arge