The offshore renminbi is trading at 7. 1704 right now, so another significant weakening. The 10 year yield in the u. S. , 1. 47 . It got as low as 1. 45 earlier in the session. The vix above 20 today. Lets get back to brexit. Prime minister Boris Johnson striking a storm of controversy with a plane to suspend parliament for five weeks. The queen has approved the suspension. Labour Party Leader Jeremy Corbyn is vowing to fight the move. When parliament does meet on his timetable next week, the first thing we will do is attempt legislation to prevent what he is doing. Secondly, we will challenge him with a motion of confidence at some point. Vonnie joining us from london is bloombergs jess shenkman. It seems like he has a lot of negative things to say, but never really has too many positive alternatives to put out there. But hes not the only one in this case. The speaker is calling this, and im quoting, a constitutional outrage. What is the likelihood that this gets stopped . Reporter yo
Surveillance. I am Francine Lacqua. These are your markets. The one to watch out for is remember the is remember the. We are seeing stoxx 600 down to 6 . Eurodollar 11133. We are getting Euro Area Services for the month of july. That is pretty much what we are expecting. You can see that this move is also having an impact on s p futures, down from 1. 1 . A sick resources are the ones losing the most. Basic resources are the ones losing the most. , we will have plenty more from your markets. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana china is asking its businesses to suspend imports of u. S. Agricultural products. Firm will wait to see how trade talks grass. This coming after trump escalated tensions last week. He proposed tariffs on another 300 billion of chinese goods. 30 are dead and many more wounded in the attacks that happened in ohio after two Mass Shootings in the u. S. This Weekend Hours apart. The shooter in up also had in el paso
From europe and the u. S. Here are your markets. We are seeing a little bit of flatlining for european stocks. Try to figure out exactly what will happen when President Trump meets with president xi jinping. The u. S. 10 year yield is holding just about 2 . Brent at 66. 34. We are seeing a big move with gold. It is the last trading day of the month, so watch out for any volatility. What marlon is doing merlin, announcing a couple of private equities were learning at the company. They are the owner of madame tussaud, amongst other entertainment things in london. Coming up, more from our exclusive interview with the the with the fran San Francisco fed president. Lets get straight to bloomberg first word news. Ifit is too early to know the Federal Reserve should cut rates, according to San Francisco fed president mary daly. They are widely expected to cut in july. We spoke exclusively with mary daly at the aspen ideas festival in colorado. If the data comes in and shows significant weaken
Billion. Good morning, everybody. Happy monday. This is bloomberg daybreak europe. Risk have a look at the radar. The tax story is very much epicenter of things for markets in the Asian Session and the United States on friday and of course, in the United States later on today. Lets have a look at the msci asiapacific, up by. 8 right now. The markets are factoring in something more positive on a tax run. The republicans agreeing to their version of the tax plan that this is the penultimate trading week of 2017, reflecting what we saw on friday on wall street. I wanted to highlight what is happening in india. Earlierhe sensex down on in todays session. It looks as if, he has come out victorious. We saw the sensex down by 2. 6 , up by. 7 in the indian session. By. 2 . Further to go on the tax bump story. We hit records on friday. Could we see further gains in todays session in the middle of week . A vote in the house and senate, and all of this to do with reduced rates of Corporation Tax
Euro to much better levels. I do not think they will do anything for the time being. A very warm welcome to bloomberg daybreak europe. In flagship show, from here the city of london, i am anna edwards. And imf miller in berlin. A lot to Pay Attention to throughout the day, especially when we look at currency moves. Anna i will talk about the dollar in a moment. The big story around aramco, will it be in new york, along with riyadh . I should point out, the saudis say aramco remains on track. That big story throughout our programming. Risk on has been the story at the beginning of this week. To what extent has that unwound the dollar last week . Making something of a comeback. The u. S. Dollar Bloomberg Index shows at the bottom of the screen. Risk assetsrally in at the beginning of this week, now pausing in asia. Chinese data, all three measures coming in below estimates. All cooling, versus the last months set of data. So much to learn, whether that is the bank of england rate decisio