Goldman says the coronavirus will hit prospects for copper, as Chinese Industrial action is in significantly below capacity. Anglo american starts a busy week for commodities earnings today. The curse of monsanto. In the midst of the roundup scandal, bayer faces a potential multibilliondollar lawsuit over a second weedkiller it inherited in the 2018 chemicals megadeal. Just under an hour away from the start of cash Equities Trading across europe. We will take a look at futures this morning. Acrossseeing gains europe and u. S. Futures. We still have a wild to go until the u. S. Opens, but we have decent gains in europe. Dax of more than one third of a percent, ftse futures up. 25 this morning. We also seeing gains in the u. S. , although we have solid a seven a solid seven hours until he open up over there. And dows p, nasdaq, jones futures all gaining this morning. We have breaking news on china. China is delaying its annual npc npcing according to chinas going to review the possibilit
Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
Just a little bit of selling often treasuries. Crude oil is strong today, above 60 a barrel, giving a boost to some of the Oil Producers as well. In europe, we did get some disappointing ism data, but that is not doing anything to hold back markets. Stockocks euro 600 the euro 600e stoxx up. Sterling is off of its high, which was above 1. 35, after the election results. 1. 3334. The renminbi at 6. 9 nine today. Lets get to the latest on the geopolitical and mark laid implications of the phase i trade deal between the u. S. And china. Joining us is tom orlik, chief for bloomberg academics bloomberg economics. Tom i think there is a tangible sense of relief that a phase i deal is going to get over the line, and that those december tariffs are not going to go into effect. The rollback of some existing tariffs is an additional positive. At the same time, we dont have to go very far back in history to osaka over the summer or on a series or but osiris or buenos aries to remember what trade
Are trickling out. For cvs, it was a beat and a raise. For barrett gold, they came in with a beat of . 15 and are increasing their dividend, we inl be speaking to the ceo about 10 minutes time on that. Time now for Global Exchange where will bring you the market moving news from all around the world. From johannesburg to paris and berlin and washington. Our bloomberg voices are on the ground with the top stories. We start of an johannesburg where bloomberg sat down with the South African president on the sidelines of the south African Investment conference. They discussed the state of their economy and the impact of u. S. China trade tensions. The trade wars that are taking place are not good for growth, they are not good for our economy, so we want the trade wars to come to an end. Cranny. Ng us is manus great interview. What were some of your big takeaways . Manus this is a president to i would say after 70 minutes of talking to them is a man who is not going to give everything but t
Faded across the european space. We started with some upside for european equities and we are closing out the session across the benchmark down a 10th of a percent. Never mind that you saw Material Impact from some of these policies coming through over the weekend in cities like beijing and shanghai with a tick up in home sales. Not enough to maintain momentum across the european space. We also saw yields on european debt taking higher. As you look to the restart of trade on tuesday after the labor day holiday, so downside of a 10th of a percent but a context that last week was the best week for u. S. Stocks since june. Eurodollar, 1. 0 seven, flat for the single currency and we continue to hear both sides of the spectrum on whether or not the European Central go further in its rate hiking trajectory. The next meeting and decision, september 14. Close to 89 a barrel on brent. Oil by the way is up since late june by about 22 . China of course a factor in terms of how you think about the