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Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is time to buy into these markets. We will see how it plays out. In the meantime, lets get to first word news with courtney collins. Bhp says litigation continues disaster, butg warns insurance will not cover the extent of its liabilities. Andrew mackenzie told investors investigations in the incident that killed people in brazil. There is a degree of urgency in withdrawing from u. S. Shale, and he ....
Progressiverudeaus mission stalled in beijing, with Sticking Points on all sides. Betty david, good to be with you from hong kong there. Favor,stocks today in those that will benefit from tax reform. But dont pull out the party have yet. I want to pull out this chart, g btv 339. It is according to vanguard, the index fund company that manages almost 5 trillion has drivenot of what the markets, the low volatility, the record runs in stocks, the record stimulus, the low wages, no inflation, that is about to end in 2018. Tax reform or no tax reform. They see more volatility to come, which means they see lower returns. Do not expect of those nice, juicy returns of the last few years any longer. David absolutely. It is almost impossible to , the conducive assumptions and realities we had in 2017 continue well into 2018. It is almost like mothers womb. It is a perfect environment, but do you get it in this harsh world, it which is what ....
We have a packed and great show for you today. We speak exquisitely to the ceo of italys biggest bank. Jeanpierre mustier. In 10 minutes from now. And in our brexit show at 9 30 a time, and another exclusive and that comes from terra firmas justin king. Breaking news out of china, on a day where we are seeing nervousness on the market spirit and this is what we are seeing on these China Foreign exchanges. For the end of june, coming in 5 trillion, below what economists were expecting. Lets check on the markets. Overall, its the selloff we were talking about yesterday that seems to be continuing. So, were seeing a little bit of a repricing on some bonds. Bund,year german yesterday at this time we were at 0. 49 , then we touched 0. 5 , 0. 57 . That means there is a little bit of a repricing, for example in the italian. You can see this index at 12. 52. Lets get the first word news. Is being seen as suspect behind the hacking of a doz ....
Forecast. The fed will publish its Monetary Policy report to congress. Lawmakers will have the weekend to go over the report for Janet Yellens testimony next week. Are going to move oil prices. David lets get an update and months making headlines. Hamburg, its another day of clashes between protesters and police as the g20 summit gets underway. Protestersization were hit with Water Cannons. President trump will meet with Vladimir Putin. The leaders of the u. S. , japan, and south korea keep pressure on china over north korea. Discussion about responding to the missile launch. President trump has signaled his frustration to rein in north korea. Computers in into u. S. Power plants. The chief suspect is russia. Current u. S. Officials say one of the plants targeted was ....
Lets get straight to our top story this morning. Angloamerican shares sinking as dividend suspended its about the 4. 7 billion. Miners are among the biggest losers on the ftse this year. For more, lets bring in our mining analyst and jodie lynch from schroders. Great to have you with us. The worst kept secret in the city was Anglo American. The other news is the disposals. There is a lot of it is outside the actual dividend story, isnt there . In this environment, youre always going to see a reorganization of these kinds of companies. It will just be anglos, it will be rio, php. Bhp. No surprise that the dividend is cut, and that goes for a different dividend policy going forward. Jonathan heres a diversified miner. On the other side, you have the bhp, withio and th much lower cash cost. Went to we get to a point, where is the line in the sand for the bhp . Dend at rio and th i think rio will hang on. They will want to set themsel ....