In more hours. Elliott will beginning us an update on what we are seeing. It will take operations elsewhere if no agreement is this is deval 2. 0. Reached. Caroline lets return to china. You can see what is happening. Lets get back to our top story. The Dollar Strengthening. Here is what our guest has been telling us about the yuans he seems to be the safety trade around the world. Continued plunge. Week exports were part of the a really sharp pickup in the currency for a second day. Reason. The central bank would never admit it. I dont think this is the only we have got the secondbiggest amount we have seen in two decades. Reason. I think the and imf i think the imf factor is important. Market. To feed the china wants to get this in the basket. Go off schools that market will have a bigger say in setting the rate. Have removed. I want to give historical they can take this currency context. Wherever they want. They claim it is a oneoff. I doubt it. Today we are going to get that it is
Independence and we are live for the tory party conference. We also have an allstar guest lined up, john fraher. Ellon we speak to jim mal on his new book. We are live in moscow, where john fraher will leave a Panel Discussion with Vladimir Putin. In the meantime, we have a packed data check. The dollar is slipping. Global stocks seem to be a little bit mixed. What all to do with investors are trying to figure out, who the next fed chair will be. We understand the president has a shortlist of candidates, but they all have very different policy agendas. You have some hawks, you have some doves and they are trying to figure out the most likely will get it. I am also looking at spain. Stocks are resuming their decline after the king criticized the catalonian separatists for unaccountable disloyalty. And if you look at spain, the nations bond yields are rising. In the meantime, we are getting breaking news out of the eurozone. Pmi is rising a touch more than expected. Predicted a rise were
Much different situation. Santander gets a brazilian boost as the spanish bank sees profit rise 14 in the First Quarter, showing strength in south america. Kering shares hit an alltime high after the gucci owner reports a 28 rise in comparable sales for the First Quarter. Daimler shares shifting up a gear. They lift guidance with strong mercedes sales, helping to double profits. Good morning. Welcome. Glad youre with us for street signs over the course of the next hour. We have a lot to talk about. We see quite a few great stoke moves. When it comes to the european markets, were being called higher when marketed opened, and now on the mixed side with the ftse, the xetra dax and the minute lower, the cac just delicately bucking the trend there. A bit higher after we saw the Election Results coming through after this weekend. When it comes to the sectors out there, to the upside youre seeing buying into the likes of chemicals, household goods. To the down tidside, banks, rea estate and a
Keene in london. Tom not the chaos of yesterday. Still overnight the news flows. Historic. Stephanie baker will join us. Weve got a lot of good, thoughtful op eds, including one by Mike Bloomberg that will give some color to the emotion going on in the states. Markets are quite. Quiet. Governor carney has very stable markets. Guy he does. There are rumors doing the rounds that maybe we have got not one but two people voting for a rate hike. Tom dissenters. Guy well talk about that. Lets look at the volatility numbers. This is what were looking at. 79, alook at brent, 50. Lift in oil. Euro, little bit weaker dollar strength. Guy weve got some numbers coming out from the e. U. Inflation forecast. 2018, the headline rate. The ecbs target is at or near 2 . Its raising is 2017 euro area gdp forecast saying risks are more balance. Mirroring what we are getting from mariota draghi. He was riled in the netherlands. Next meetingin the to get to a much more neutral set of language. Tom certainly
We have a lot of news to get to. We will be speaking to ana botin in a couple minutes. Then, we talk about trump, animal spirits, the ecb. A lot is going on, if i am honest, tomorrow is thursday with the ecb, the u. K. Election, and james comeys testimony. Investors are taking a breath ahead of the barage of key events i was talking about. Treasuries are flat. They did climb yesterday on news china was prepared to purchase more of the notes. Stocks are a little bit mixed. Santander was down earlier and now is gaining 0. 6 . Lets get now straight to the bloomberg first word news. Twoa in iran at least attacks have reportedly taken place in tehran as gunmen targeted the parliament. At least one guard was wounded during the attack inside the national legislature. In a separate incident, a lone gunman entered a shrine of the Islamic Republic founder and opened fire. Theresa may has said she would be willing to tear up human rights legislation in the battle against terrorists. Jeremy corbyn