Yuan down 477. Beijing sites protectionism as agriculturallt imports. Asian equities down the most since october last year. European and u. S. Futures point to another day of heavy license heavy losses. Hsbcs ceo steps down. Good morning, matt. Matt good morning. Less than half an hour away from the start of european trading and it will be a negative session judging by futures. Gold surging again back to the highest level we have seen since 2013 as investors seek safe havens. Look at the futures trade across europe, a loss of more than 1 in ftse futures. We are dax futures down 1. 3 . It looks like it could be a very negative open. What are you seeing on the gmm . Anna a very negative session essentially through the asian markets as china hits back. The chinese currency being allowed to weekend weaken through seven. China asking importers not to buy u. S. Agricultural products. This is what we are seeing in the markets in the asian markets. You dont see china itself on the gmm, its not