Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figures out. Horror show to cut again. Third quarter gdp in spain is it your expectation that we do not get a recession, there is expanding 0. 4 . That matches the estimate but so no longer any need for rate you know gdp in spain is up 2 cuts . Momenti would say at the from a year earlier. There is no recession, the ,umbers do not sure recession. 4 as a month over month european thing. The way the americans do it is but he makes clear in his speech yearoveryear numbers. If something happens, that is n
The most senior catholic found guilty of sexually abusing children, has failed in his legal attempt to quash his conviction. An appeal Court Hearing in australia has rejected his argument that the verdict was unfair. The former vatican treasurer was jailed in march, for 6 years, for abusing 2 boys in a melbourne cathedral in the 1990s. Chrissie foster is the mother of two girls who were raped by another catholic priest. She campaigns on behalf of the victims of Sexual Violence and was in court when the appeal was dismissed. It has been upheld, this rape of a child of two children. Its. It doesnt happen often. You know, it always just gets overturned. All the appeals, half of them usually win. Its a hard climb to get a conviction in the first place. Hardly anyone comes forward and this has been an outstanding example of justice and. Just amazed. The bbcs phil mercer was in court and has the latest. As it stands he has to serve a minimum sentence of three years and eight months that take
These are your markets. We are seeing the stoxx 600 gaining some 0. 6 , a lot of focus on china. Things putins, some in place by the u. S. Administration to make sure there are less chinese goods coming into the u. S. Looking at the 10 year yield after we heard the fed could go means neutral, what that is that investors are trying to figure out exactly how many hikes we will get here. The u. S. 10 year yield is 3. 21. All eyes on brussels and theresa may with the possible extension. At can see the pound dollar 1. 3 113. Coming up, we have a good lineup of guests. We will speak to paul donovan from eds. And later on, we are joined by Deutsche Banks chief economist. First, straight to bloomberg first word news. Here in london is juliette saly. President trump and his top diplomats cautioned against putting the u. S. Saudi relationship at risk over the disappearance of Jamal Khashoggi. The ceo of siemens says he is is torn on whether to go to the davos in the desert event in the kingdom.
Im nejra cehic in for Francine Lacqua in london. In terms of Regional Equity benchmarks, the ftse mib definitely under par from today underperforming today. A lot of the worst performers are italian companies, particularly italian banks. We have been seeing it yields a spike by more than 20 basis points across the curve. Meanwhile, the euro took a little while to react initially for at least half an hour it was initially unchanged. It is heading a little lower now. Quite a contained reaction in the euro compared to what we are seeing in italian bond and equity markets generally. Lets take a look at what else we are watching the global markets. Overall, and by the way the msci asiapacific index ended the week on a high over in the asian session. We cite u. S. Stocks again as well in some time and Something Like as many as four days. Seeing the losses we are on europes equity benchmark nothing compared to what we are seeing on the ftse mib. You are seeing 10year bund yields drop by 23 ba
Worldwide, this is bloomberg surveillance. Together this morning with kailey leinz. Your s p 500 is slightly positive. Tk leaving jackson hole behind and pushing ahead to payrolls friday. A sneak peak, 168 thousand, the lowest number going back to the start of 20 21. Tom a sleepy week in august, its not. There is a lot going on this week, not only the jobs report but the jolt survey tomorrow. A massive recalibration here as we prepare for september. Jonathan our week making an of progress are we making enough progress . Tom i like the eight dollar gin and tonics at the cowboy bar in jackson hole. Whats interesting to me is maybe the theme from Christine Lagarde in her speech and that is clarity, flexibility and humility. It sounds like surveillance on a daily basis. Jonathan china is looming large after that conference and the slow down there. The latest measures over the weekend, stock purchases, limiting ipos. The equity market rally was not impressive at the close. Kailey 5. 5 would