retreated on friday from the seven-month high after data showed that u.s. hiring fell to the lowest in him a six years in may. the dow jones industrial and nasdaq also fell. we are counting down to the open in australia and japan. futures in australia looking like this, a slightly higher open. economists are expecting the rba to keep interest rates at 1.75%. , whereet over to japan the latest gdp numbers come out on wednesday. futures trading in chicago pointing to a lower open. 6.72, it is pretty strong against the u.s. dollar ahead of brexit. .wo markets to tell you about u.s. treasury secretary jack lew says china is moving in the right direction on the yuan, but needs to improve its monetary policy communication. he spoke to bloomberg in beijing where talks are due to start later today. tom mackenzie is there for us. what exactly did jack lew say? good morning. the u.s. and chinese side will be meeting in a few hours on the outskirts of beijing. it was a wide ranging inte
headquarters here in london. first thing s first. let s get to the markets. it seems to be rallying a touch. oil rebounding, dollar sliding, copper declining. you can see the japanese yen, 1.0205 102.05. there is a there s an article saying if the fed doesn t do much, it is all about what the boj does. , what peopleore pay to borrow in yacht borrow in yuan. 0.713 that the value up 0.713. let s get to bloomberg first word news. nejra: a device found in a rubbish bin has exploded. that is according to ap citing officials. the fbi was working to found in the same bag. the discovery of the package after an explosion in manhattan injured 29 people. oil is on the rise after clashes in libya halted what would be the first overseas crude shipment since 2014. reports from algeria saying opec may call a meeting if members reach a consensus later this month. the secretary-general told the country s state news agency that he is optimistic about the talks . non-opec producer rus
guy: everyone seems to be interested in china for the july numbers where worse, nevertheless we have not seen a significant improvement. the data was worse today. raised a number of questions, most certainly, will be chinese authorities react and how? some people had been drawing a line between the week july data and between august. might they be tempted to do some thing similar? decide.t let the market talking about foreign exchange, a lot of reserve money being spent on stocks. saw, it does you thefe haven trade euro is higher on the back of this chinese data. it will be interesting to see what happens when the book is handed over to london. oil has weekend on the back of this, you are getting a risk off theme. that is being represented clearly in your dollars euro-dollar s. anna: let s see how stocks are moving in hong kong. how is that we trade picture playing out weak trade picture playing out? y: it briefly rose, it has lost momentum, it is waiting for a fifth c