Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
earleir i spoke to calvin wong of avanda and he gave me his take on how he thinks the federal will move this week. pretty much unchanged so this will be the first pause and its current interest rate outside look so pretty much unchanged at 5%-5.25% so pretty much unchanged at 5% 5.25% so the reason being over here is that i do not believe poor poor outwage. it will hike interest rate in line with us treasury which are in the process of issuing a massive amount of issuing a massive amount of t bills to fill up its cash cradits. china has a bunch of data coming out, what will you be focused on? this coming thursday we will look at a slew of chinese data industrial production, retail sales as well as housing, price index data. if you look at the last two weeks, and if this data is weaker than expected china policymakers may start to tilt toward inaudible do not forget this thursday we have the announcement about key interest ratre policies. it has been unchanged since august l
we begin in china where as you ve been hearing there were hugs and tears as international travellers arrived in china yesterday without the need to quarantine for the first time since the early stages of the covid pandemic. the strict quarantine rules had been in place for nearly three years. their lifting marks the end of beijing s zero covid policy, which had caused growing public anger. in hong kong, 400,000 people are expected to travel into mainland china in the coming weeks with long queues for flights into cities including beijing and xiamen. so what impact will the reopening of china have on the country s economy? let s go live to hong kong and talk to iris pang chief greater china economist at ing. lovely to see you. for many people this is what they have been waiting for for so long where they have not seen family or been able to return home. give us your take on the impact this is happening. i give us your take on the impact this is happening. this is happening.
prince william and his wife kate mark the fifth anniversary of a catastrophic tower block fire in london in which 72 people died. in beijing, thousands of people are being locked down and millions face compulsory testing after a surge in covid 19 cases. music. and could the best be yet to come? after nine years together, the k pop supergroup bts announce they re taking a break to focus on their solo careers. live from our studio in singapore, this is bbc news. it s newsday. hello, and welcome to the programme. a last minute intervention by the european court of human rights has blocked the uk government s plan to send seven asylum seekers to rwanda under a controversial new policy. the home secretary, priti patel, said she was disappointed, but would not be deterred and preparations for a second flight were under way. let s get the latest from our correspondent duncan kennedy at the airfierld where the flight was due to take off. what has happened really is that the flight is
At the bottom of a well. It is 7 00am in singapore, midnight in london, and 7 00pm in washington, where President Trump has condemned north korea for its latest nuclear test, warning that america may stop trading with any country that does business with the north. The Un Security Council will hold an emergency session later on monday, the second time it has met to discuss pyongyangs actions in a week, and south korea has announced that it has carried out its own Ballistic Missile tests in response to the norths test. We will report from tokyo and beijing in a moment, but first, Yogita Limaye in seoul. It was a perfect success, the newsreader declared, as she announced north korea was close to achieving its nuclear goals. The country says it has detonated a Hydrogen Bomb small enough to be fitted to an intercontinental missile. This is kimjong un inspecting what north korea claims is such a device. If true, it would mean that pyongyang is now capable of launching a Nuclear Attack on cit