Markets. It has been a wild ride this week. There was rotation on the back of positive news when it came to trade and then we saw stocks retrenching. A lot of the focus is on u. S. Tariffs in europe. Jeanclaude juncker says that is not so. A lot of focus on data out of germany. You can see the u. S. 10 year yield at 1. 91. Coming up, the intesa sao paulo chief executive joins us for an exclusive interview in a couple of minutes. We focus on earnings and the Banking Sector. First, lets get first word news. The u. S. And china agreed tariff rollbacks will be a key part of any agreement, the big question, is a deal any closer to being done . Donald trumps advisors dont sound certain. Yet to be decided, the time and place for signing this potential packed. Donald trump wanted ukraine to investigate joe biden, that was the message and it was clear according to one official. He says the words being pushed by the administration our investigation, biden, and clinton. Special visashere for doct
The Prime Minister prepares to ask lawmakers to support his brexit deal. Does he have the votes . We will be live all morning from westminster and brussels. A sterling outcome. Goldman and Credit Agricole remain bullish predictions for the pound, seeing a mediumterm rise to 1. 35 or higher. Kicks off european earnings season with a reiteration of its strong preliminary result. We will speak with the cfo, luka mucic, shortly. Less than half hour away from the european open. Im looking at a three day trade of the pound. We are holding at the high levels we have seen the highest levels we have seen since may. The pound doing quite well at 1. 2925, at one point reaching on 1. 30. Trade to almost it is getting there for sure. Take a look at what we see in terms of the futures trade, just 30 minutes away from the start of cash trading across europe and in the u. K. 0. 2 after s. A. P. Earnings. Ftse futures relatively flat right now. You also see futures gaining in terms of the u. S. Trade.
For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we speak to bank of England Governor Mark carney at 5 30 p. M. London time. Definitely not want to miss. All of those conversations from the Imf World Bank annual meeting. Lets get first word news in new york. We begin with the ceasefire in syria. The u. S. And turkey agreeing to a break in hostilities to allow kurdish fighters to withdraw. Once the ceasefire takes affect them a donald will remove this weeks sanctions, but u. S. Senators from both sides say the deal does not go far enough. Reluctant
Moment suffering from poor auto news from the u. S. Lets look at the topix auto and equipment index, which is leaving things down 1 at the moment. We are looking at financials as well. This is where the main drag is coming from the aussie market. The government issued this broadside to banks. They cut Interest Rates, but they dont pass those cuts down to the customer, if you will. Warning shots across the bow. 10 year yields, looking closely at what is going on in the manufacturing position not much going on, bund yields klein byet yields but yields climb below. They are perhaps ratcheting the expectation forward. New york crude up 1 . Barrel. , . 18 per we have this hurricane in the north atlantic. Affectingthe moment, shipping lanes. That is why we have the price of crude being affected by that. It looks like it should slide into ireland and the u. K. As well. The weather factor is playing a role in this, too. Lets have a look at what is going on first word newswise as we go to new y
[indiscernible] guy germany Just Announced a package of measures to try and put its environmental targets back on track. Our governments spending enough money are governments spending enough money . Ignacio yesterday in the speech of president macron, he was recommending that the money that already has been taking the necessary step in decision for this has happened. I think the world is investing more and more in renewables. We already invest in that one. Nations, in the united trying to do the best to delay certain action to be taken. In some cases, the delay is a process which the already has to be passed in the Different Countries, so there is action with the political leaders in Different Countries to try to accelerate all of these. To delay andlike postpone the education of those plans, introducing papers and more papers to certain channels in order to delay to make this process not happen or happen later on. Vonnie there was an auction last week in which offshore wind was sold f