Departure of the ceo, flint, in the role, amid a report that thousands of employees are set to lose their jobs. The yuan slides to the lowest in a decade, with the move being called normal, promising to keep the currency stable weve got some final pmi numbers for the yoeurozone it is in line with the estimate we got a few days back june number was 52. 2 this is a threemonth low. Services pmi is 53. 2 thats slightly lower than the flash of 53. 3 and slightly lower than the june final number we saw of 53. 6. Interesting looking at the services new export business down at 49. 2 into contraction territory, in line with the flash and very slightly lower than the month in june of course, this comes on the back of that very disappointing german pmi we just had a few minutes before pointing to a composite pmi number for germany of 50. 9, below the 51. 4 flash, and lowest in aggregate since june 2013 for germany, the lowest numbers since june 2013 for the composite. Euro zone as a whole, pmi co
Theres probably a 40 chance of a recession. Eurozone bond yields hit fresh record lows as the ecbs olly renn signals the bank is ready to hit a significant someti stimulus package. And hong kong prepares for more protests. Good morning its friday. We made it to the end of the week its been a volatile week for markets. Mostly in fixed income space but also u. S. Equities yesterday, looking at the u. S. Equity close, you would think it was a muted session. The dow was eking a gain of 0. 4 s p slightly up in the green nasdaq slightly in the red that belied a lot of the intraday volatility we saw yet the theme was bid for fixed income a lot of fear gripping the market as we see money pour nothing tha pouring into that space. You may notice theres a lot of black behind me. Thats unusual the reason thats the case is ftse 100 has not yet opened due to a technical failure we dont have the opening levels the rest of the heat map is trading solid. Definitely a lot more positive than on other day
Basic resources lead heavy losses with the sector on track for its biggest twoday fall in over three years autos shift into reverse chipmakers feel the heat with apple supplier ams sharply lower as fears rise that the new tariffs could pit the iphonemakers suite of products. And the german tenyear yield goes to an allnew low after its counterpart drops to its lowest level since 2016. Good morning. The trade truce is off President Trump blamed a lack of progress for the decision to impose a 10 levy on 3 300 billion worth of chinese goods coming this september. This sent shockwaves throughout Global Markets we saw wall street heavily in the red yesterday and that continued overnight. This is the picture for europe every single one of the majors in europe is trading heavily negative today ftse 100 down 1. 7 basic resources and some miners there dragging the oil sector as well xetra dax down 2. 3 . Again, you would imagine all of the exportsensitive sectors are impacted here. Cac 40 down 2
Sleeker than ever, but does it measure up early today starts right now good friday morning im Frances Rivera and im phillip mena. A dangerous heat wave is hovering over much of the country. Triple digit temperatures could turn deadly this weekend new york city has declared a heat emergency and canceled the triathlon. Some of the athletes and event staff will distribute water and gatorade around the city instead. And lyft is offering free and discounted rides to cooling centers in impacted cities including chicago. Thats where nbcs blayne alexander is following the story. Reporter the relentless heat wave is showing no mercy from new mexico to new hampshire, 200 Million People are under a heat alert through the weekend. In chicago, a. C. Repair crews are stretched to the max and downtown, steam rising from sky scrapers after a morning rainstorm. Here in chicago, its the tale of two extremes. Just six months ago this exact spot was frozen over now its on pace to hit near record highs in
Its interesting its going to come out hopefully well for both countries. Ultimately it will work out. Trump also talks up his relationship with russia as he meets with president putin on the sidelines of the g20 and warns him against further election interference. Deutsche Bank Shares Jump after passing the feds stress test but Credit Suisse dips as it scrapes through with a conditional pass and merlis shares surge after a 6 billion pound takeover by the lego family in blackstone welcome to the show. In less than 24 hours u. S. President President Trump and chinese president xi will sit down for highly anticipated trade talks at the g20 summit in osaka. Cnbc confirmed that china will seek a balanced trade deal but the u. S. Is unwilling to agree to that deal according to cnbc sources xi will seek to end a u. S. Ban on huawei products as part of any trade agreement. Xi called for the integrity of the Global Supply chain to be upheld as he addressed g20 leaders in osaka translator we nee