Oil slides into a bear market as trade tensions add to slowing demand. Brenda cost 20 since its april high. Cost 20 since its april high. Shery stocks rebounding. Treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. We had brent falling more than 20 since its april the and sliding into a bear market. This despite the fact that we are seeing eight consecutive weeks of your talk piles declining u. S. Stockpiles declining. 1. 4 . Sdaq gained lets futures at the moment under a little bit of pressure, down. 1 . Lets see how things are shaping up in the asian markets as we have a few centralBank Decisions. Sophie it could be a mixed start for the asian stocks after a fiveday loss with several major market threatening to join the kospi, writing our yeartodate gains. Wiping out yeartodate gains. Check out tv stocks, jumping 1 one hour into cash trade. 10year gilts hovering around 10 . The aussie dollar
Surveillance. These are your markets. We are seeing a bit of an upside as it comes to the stoxx 600. One thing, the lse is investigating some of the delays on what they are seeing in the stock price. There was a trade issue, which means we have delayed opening for some of the biggest stocks. We understand the lse, the London Stock Exchange, will give us an update in about 15 minutes from now at 9 15 bsc. There is a bit of a risk on. 1. 55. 0 year yield at if you look at dollars stabilizing, 110. 85. Later, we will review an exclusive interview with Brian Moynihan, a banc of america chief executive. In the meantime, lets get straight to the bloomberg first word news in new york city. A Trading Services issue. Trading some of the biggest stocks on the London Stock Exchange has been delayed, the second such outage in a little more than a year for one of europes guest markets. Been delayed for parts of the ftse 100 and to 50. Other parts are operating as normal. Is a special relationship i
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after german and french flash pmis miss estimates. Good morning lots to go through today i want to start off with the macro data as mentioned, germany and france flash pmis for july disappointed we got the composite number, the flash composite for the eurozone came in at 51. 5, less than the 52. 2 number for june and less than the expectation of 52. 1 i want to break it down, though. The manufacturing pmi came in at 46. 4, that is again a miss versus the expectations of 47. 6. It is also the lowest sinc
Were increasing our Sales Guidance in innovative medicines and santos and our bottom line guidance for the full year. Easyjet shares take off after backing the fullyear outlook and lands a new chief operating officer. And shares in asos sink after issuing their third profit warning in the last eight months all right. Very warm welcome to you all we are right in the middle of european earnings season things are beginning to ramp up. Annette and julianna will have the latest on s. A. P. And novartis first two stocks here in the uk. Asos is one weve been following closely. They have issued the third profit warning in eight months citing operational issues in europe and the u. S at one point asos you can see the stock is down 12. 7 , at one point they were down 20 another stock were looking at is easyjet First Half Results did meet expectations the budget airliner reiterated their fullyear guidance easyjet is up there at 3. 6 . One of the few green spots on the heat map today s. A. P. Says