The play was just extraordinary. Alix that was the winning moment at the end of the whole game. David and he didnt get up. Alix i do not blame him. The real action is going to be looking at the dollar, kind of around a two week low. Other than that, steady as she goes. The 10 year yield back by about three basis points. Crude, if itnt out is policy steady as she goes, that means more saudi production cuts. Crews wanting to kiss that 60 for crudeg wanting to kiss that six together level, waiting for toio draghi crude wanting kiss that 60 level, waiting for mario draghi. We begin with china, where the country faces and import and export deceleration in the month of august. Bloombergs enda curran has more. Just how bad was it . Pretty bad because economists were expecting exports would have grown. We had a contraction of 1. 1 , and there was evidence of a big slump in shipments to the u. S. , even as exports to europe grew, so it was clear the trade war affected all of that. The big fear
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
Approach with Jeanclaude Juncker. We are in luxembourg. Manus a warm welcome to daybreak europe. We are waking up to 5 Million Barrels of oil being taken out of the system by saudi aramco. Is it a fourweek affair . How much of the 20 price rise that we saw at the open is geopolitics and how much of it is supply . Good morning. Nejra yes, the biggest sudden disruption ever is what we have been waking up to this weekend. We have certainly been mispricing oil markets up until now. We have indeed. Let me show you the single biggest daily move. I put it in the library. Here we go. This is the kind of size and scope move we have seen on the oil market. We opened up on the biggest move since 1988. Since 1990iggest when kuwait and iraq were at war. The question we must ask ourselves is how quickly can aramco get this oil back online . You need to speak to the market and make it very clear what is the damage, what is the damage limitation. Lets look at the rest of the implications. We are seein
Mankind. Its 50 years today since Neil Armstrong walked on the moon. England hope to reach their first netball World Cup Final today. They face new zealand this afternoon. And coming up with knife crime reaching record levels in england and wales, we look at the impact it is having on the streets. The foreign secretaryjeremy hunt has summoned the most senior diplomat in the uk to the foreign 0ffice diplomat in the uk to the Foreign Office after the iranians revolutionary guard sees an oil tanker last night. The government has advised uk ships to stay out of the area out of the strait of hormuz foran the area out of the strait of hormuz for an interim period, after a meeting of the Emergency Committee last night. State media in tehran says that tanker had violated International Maritime rules but their sweeps the owner, the swedish company, said the tanker was in full compliance with all navigation and international regulations. The foreign secretary says the seizure was unacceptable an
Minister pleads not guilty to corruption charges as he and 15 other officials appear in court. And is it safe to eat flip flopping by nepals government over testing for dangerous pesticides leaves many confused and angry. A bombastic politician who led the campaign for brakes it now has to deliver it Boris Johnson has won the race to lead the u. K. s ruling party and will become Prime Minister on wednesday hes vowed to take the u. K. Out of the e. U. By the end of october come what may but he also needs to unite and divided party and an even more divided nation as reports. It was a 2 horse race but theres only have a been one front runner Boris Johnson demolished his rival foreign secretary jeremy hunt with double the number of votes to become leader of the conservatives and on wednesday the country is now repair a party and a nation torn apart by bricks and deliver bricks it unite the country and defeat Jeremy Corbett thank you notes from somewhere goes already pointed out that delive