Your top holder of u. S. Treasuries. Julyse holdings fell in 2. 2 billion. Certain that it is something that will come up in the fomc meeting tomorrow. What they think the u. S. China trade war means in terms of policy as well. Caroline lets dive deeper on the action. Abigail lets continue the conversation on energy that you all were just having and brent oil into the picture. Higher on theke attack on the saudi oil facility. What goes up must come down. Today, down about 7 . Huge whip saws. Come onthat supply has faster than expected. When we put this into the context of a longerterm chart, much ado about nothing. The with the exception of huge move down in 2016 and the big one up in 2018, between 40 and 60. Now right back down into that range suggesting that if there is a huge disruption for oil, we may have it continue on in this range. Sarah i wanted to take a broad look at the market where we stand. One way to do that is an etf that tracks these ipos, the ticker ipo. Performance h
Exchange, we bring a market moving news from around the world. Kong ifus from hong enda curran, we have Annmarie Hordern and emma chandra, and Michael Mckee joining us in new york. I want to show the slowdown. Bloombergs enda curran has more. Enda . Enda i think it was quite weak across the board, alex. The worst single month meeting retail002, which saw the sales side of things confirming that even though a lot of it was due to the slowdown in the car market, the auto market, there is a feeling that consumers are starting to track as well. The activeixed, investors side of it, we saw that lacking, pretty soft reading, setting up the economy for a pretty slow in to the year. Putting pressure on the government to respond. Alix thanks so much, enda curran come in hong kong. Saudi Oil Facilities were attacked. Annmarie hordern have the latest. Tomarie that is right here 5 of global supply, 5. 7 Million Barrels a day, but half of the kingdoms net exports. The biggest infrastructure that d
Tensions and the impact of the restructuring makes this a big results call. The ceo joins us this hour. The performance of its stateside business will be watched as if he does numbers hit we will be joined by the ceo for the details. Welcome to bloomberg daybreak europe. Lets get to the numbers on the bloomberg. The red headline is the group is cutting its profit forecast and considering selling units. That is something we will look at later. To 1. 2 billion euros but it is cutting its studyingrecast and offers to sell some businesses, cutting the profit outlook for the fiscal year. Germanys slowdown pushing thyssenkrupp into a crisis. The units with no clear future cant keep burning money. It is studying options to sell businesses including elevators. We will speak to the thyssenkrupp shortly after 6 30 u. K. Time. Manus lets talk about a little bit of the drug manufacturing side on mark. Weve got the Second Quarter adjusted eps, so this is what weve got for you. Euros, a comfortable
This hour. Yousef first, european governments this week agreed to assemble a Naval Mission to provide safe passage for ships through the persian gulf. That is after iran seized a British Oil Tanker in the region. The act was condemned by the the u. K. Foreign secretary jeremy hunt, but defended by his iranian counterpart. Under international law, iran had no right to obstruct the ships passage, let alone bored her. Board her. It was an act of state piracy which the house will have no hesitation in condemning. Even more worryingly, this incident was a flagrant breach of the principle of free navigation on which the Global Trading system and World Economy the u. K. Ship had turned off it signaling for more than the time that it was allowed to do so. It was passing through the wrong channels, endangering the safety and security of shipping and navigation in the strait of hormuz, for which we are responsible. Yousef we have more with our executive editor for the middle east. Reporter we do
Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t