Confronting todays very real and very vicious threats. Donald trump also condemns the u. S. Intelligence leaks in the Manchester Attack after uk Prime Minister theresa may raises her dissatisfaction in a brief chat at the nato meeting. Sterling hitting a twoweek low against the u. S. Tlar adollar a twomonth low after the party sees its lead reduced further in the election poll. Good morning. Glad youre with us once again on this friday morning. Its the end of the week. It is the friday before a long bank holiday. Many european markets are taking a bridge day. Volumes once again today are somewhat lower. We are seeing outperformance in the ftse 200. This has to do with the drop of sterling. This is on the back of the latest poll showing the lead of the conservatives against the stories down to just 5 . The cac 40 off by 0. 4 . Lets get back to the big story. Our headline today, that is, of course, the oil story. Oil prices continue to drop, thats having a negative impact on the oil stoc
Bloomberg. As our u. S. S close, and u. K. Markets. A holiday thinned session in asia. Things are decidedly mixed. Of ave not seen much reaction to saber rattling from north korea with that ninth missile test. It is a big week in terms of news flow and data, china pmi, and waiting to see if that feeds into the picture of the growth or thathad from china is as good as were going to get your the second half could look dicey. We had an announcement from the pboc on friday saying they are considering looking at what they call a countercyclical adjustment factor. We are still trying to figure out what that means in terms of the daily yuan fixing. China has been fixing its dollaryuan fix at gradually weaker levels, adjusting from the previous days close. This istion is whether a dollar of fact. It tends to look different when youre looking at the yuan versus the basket of currencies, or is this something reading more into come it that we are seeing a continued weakness when it comes to the y
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th
Does this put tax reform even further away . Theuncertainty for abe, japanese Prime Minister pummeled in the election. Has this weekend his position ahead of next years vote . Or is this just a protest vote for what is happening in tokyo . We will try to get analysis on this throughout the show. We are less than a half hour away before the open. The start of q3 is the fair value on your bloomberg. London looks like it will underperform. Keep an eye on the commodity stocks today. Looks like it will be a positive start when cash gets going later on. Lets show you what is happening with jim and. This is the picture we had. Performance from the south american markets. Gst comes in fourth, thats a big story. This is one of the key policy agendas. The market is trading higher this might. Peso is it down. There are risks, inflation risks surrounding the gsp story. What about the rest of the policy agenda . We will talk about that in the back half of the show. Lets catch up with what we need t
Silence. Oller recs his breaks his silence. He says his country is open to dialogue. The imf says saudi arabias economy will see close to zero growth this year due to falling oil revenues. For investors, a big week of earnings. We will have all of the announcements. Welcome to Bloomberg Markets middle east. A big start to the week. It is sunday, start of the trading week in the middle east. It comes to quote oil a come down to crude oil. The Ministerial Committee will be gathering heal and looking at a couple of key things which i will highlight for you. One is what is happening with commitments and compliance. We see the complaints data at 92 in june. Iraq is at 29 . The initial responses we are getting from key participants as they are content with the level the broadert of agreement. What i want to point out here is that there are other key issues, including the fact that they are not in a position to make decisions, they will be making recommendations as they look through data. Ult