European equities are trading, 30 minutes until the end of the friday session. Little changed on the day for the stoxx 600, which means its touch and go whether we will rise over the week. We are on track to gain for the third week, which is the best run since january 13, all these currencies are rising against the dollar today. Yields declining across europe today. It busy day for earnings. Lets get on with it, the biggest steelmaker in germany falling as much as 5. 5 earlier. The most since july. It now expects Free Cash Flow in the year through september to be negative, and earlier projection was for slightly positive figure in the current fiscal year. Shares falling despite the announcement for the fiscal profit forecast after including its operating performance and agreeing to sell its brazilian steel plant. On the matter of steel, shares the worlds steer made her steelmaker down 7. 5 after it posted firstquarter profit that double beating estimates amid a rally in steel demand. W
The markets are rebalancing. Lets see if the traders wind up agreing. Chinese leader is going to maralago in florida. Oining us now is kevin cirelli. Kevin last week he was tweeting it would be a difficult meeting and then he tweets there will be a lot of great things coming out. Here is he headed . Kevin north korea saying if china wont handle north korea then the u. S. Will have to do it alone. Two things, National Security as well as trade policy are the top two items on the agenda for the summit in florida for later this week. Of course President Trump has tough talk for china on the campaign trail saying they were currency manipulators and saying they havent gone that far yet in his administration but did of course last week call for the reviews and executive orders with Foreign Countries to see which countries are taking advantage of the United States, whether or not china makes that list remains to be seen. David kevin, give us the perspective from the president s view, what is
What does it deliver for china . We are delving into all those stories. Notably today a little bit of risk assets. The ftse 100 managed to post gains. Up. 5 of 1 on the euro stoxx 50. Still of worth wealth of earnings. Also plenty of assets, oil driving the market today. Guy lets talk about what is happening in the other asset classes. A great place to start, your morning. You can see it right up here that new Zealand Dollar. A decision to cut from that reserves, not enough. You get a little bit of pushback from the bank saying the markets are misreading the story. It is more the pboc rather than the central bank that had control of this currency. We will discuss that during the show. And the japanese yen on the move. Lets get you caught up on all the news you need to know. David lets talk about brexit here. It is undermining the nearterm outlook for the housing market. Sales dropping in july according to the oil institution of chartered surveyors. When you look at new buyer inquiries
And obviously with the russians most feared and are most the ukraineout is gravitating to the west more than it already has, meaning becoming part of the european union, or nato. Ussia will be proxies the separatist will sustain their influence in the ukraine in that manner. Mr. Quigley do you see the status remaining the way it is everything there is renewed conflict at different times, but no dramatic change recently it is . Obviously there is renewed conflict at different times, but no dramatic change recently. Mr. Clapper i think they will maintain the status quo, but there are incidents occurring on the line that has been drawn the of the minsk agreement based on upstart separatists that the russians do not control. John, do you want to add to that . John there has been some movement with the minsk agreement, but are have been shortcomings. Your characteristic characterization of a frozen conflict there are questions about how the russians will extricate themselves from this, whic
Despite threats from the north over the drill. And more than 3,000 tons. An nhk survey has found that unregistered post fukushima radioactive waste is being stored across a wide area. Turkeys president erdogan says he will bring terrorism to its knees. The remark comes after a deadly attack in the capital ankara. Authorities are investigating who was behind the car bomb. This video shows the site of the blast in the heart of the capital. The explosion occurred shortly before 7 00 p. M. On sunday local time near a bus stop in the downtown area. Authorities say at least 34 people were killed and 71 others were injured. Translator i saw a red flame go up. Something hit my forehead and chin. Erdogan has suggested that an Antigovernment Group may have been behind the blast. In a statement, he said terrorist organizations are targeting civilians, because they are losing against security forces. In the past year, turkey has been hit by multiple attacks in ankara and istanbul. A white house sp