Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
Propaganda,o speak but to talk about their leadership and how it has harmed iran. Matt from the german capital berlin, good morning. Nejra i want to quickly go through numbers out of renault, the french carmaker. Linyear revenue, the top e, close to last years level. Previously it saw a rise, so Renault Joins the slew of carmakers cutting back on the forecast, the outlook for the year, with slowing auto demand in europe, down 1 , down 7 in china last month. We see a global slowdown of autos, and renault is joining. We will talk to their ceo later on today, just after 9 00 a. M. This morning. Nejra . Nejra u. S. Equities yesterday fell from record highs. All 11 Industry Groups fell on the s p 500. Futures are a little higher on the s p 500, up 0. 2 . In europe, the big story was mario draghi, somewhat undoing what the ecb statement said, hinting rate cuts and more stimulus, but mario draghi says there may have been different views on the governing council, and that the risk of recession
Would ease in. Schools all over should open on monday and government offices as well meanwhile a spokesman for pakistans military says armed forces are prepared to respond to any an indian aggression over kashmir. Is watching Human Rights Violations in occupied kashmir any such action by pakistan individually or any other side our understanding is that this will be a betrayal to the kashmiri cause and to Pakistan Pakistan cant afford any such circumstance or being by which means cause maybe damage for any reason so we reject this propaganda. As a caring from a line of control side. Pakistans government is also stepping up efforts to get International Support against india decision to revoke kashmir autonomy or at least control states and on several steps including setting up. Its embassies around the world thats after the 1st Un Security Council meeting on kashmir in decades and some of those details now from in pakistan administered kashmir. In a meeting which was attended by pakistan
You know that. Today hes helping a b j p candidate for the parliamentary elections record a speech about. As radhakrishnan faces charges of rioting and Unlawful Assembly for his role in the violent protests following the Supreme Court decision. I wish you were there. Any given day because you will then go they were told him and when i was sure she wore long shot but his mother. Nobody should be full of digital. Them either. The coalition of the good the goal or a Dollar Dollar not an almost. Kind of you know. These hindu nationalists have no qualms about openly flouting the Supreme Court decision that judgement is for several illogical number one. Number to be legal. Number 3 it is against us but it does the constitution of india because it gives me that i do practised at legion neck when im sweep my country ends my conscience got it bit doesnt buy that got off no. The b j p doesnt have much of a base in the state of carolina but critics say the party is trying to change that by exploi
All coming after the markets are coming off a very strong month of june. For the dow, it was the best june performance in over 80 years. You have to go back to 1938 for the month. The dow was up by 7. 2 s p was up by 6. 9 for the month that is its best performance since 1955 and the nasdaq was up by 6. 9 and thats its best performance since the year 2000. Taking a look at what happened overnight in asia, hong kong was closed for a Public Holiday but those markets that were open also up very sharply on again, this idea that trade talks are back on. The nikkei was up by 2. 1 . Shanghai composite up by 2. 25 europe this morning where early trading is taking place, youre going to see green arrows across the board there as well. Biggest gainer looks like the dx ax up by 1. 25 finally check out u. S. Treasury yields on friday we actually fell below 2 for the tenyear briefly. I think we closed right at 2. 0 . Ten year is yielding 2. 01 . Getting to all the weekend news President Trump returni