surveillance. thee a lot going on in markets. after this attack on an iranian tanker, you can see crude oil gaining 2%. is at 64.53. gaining andrently the pound is at 1.2 460. we are also getting headlines outlook iea cutting its as the economy eclipses the saudi attack. they are pointing to a little bit of downside risk in the worldwide economy, saying that will impact demand. let s get straight to the bloomberg first word news in new york city. quote very well. that s how the first day of trade talks went according to donald trump. today, he plans to meet beijing s top negotiator. these are the first high-level talks since july. but sides are working to end the 18 month long trade war. besides appear willing to agree to a partial deal and would leave controversial issues for the future. and two associates of the presidents personal lawyer are accused of violating campaign finance laws as part of a plan to oust the u.s. ambassador. this scheme is part of the u.s. house im
gaining onope 600 is the back of a dovish ecb. but if you look at market reaction, it was taken positively and then they had a bit of a wobble. 1.190 and the german bond took the brunt of the swing as mario draghi was talking. , more from our exclusive interview with the austrian central bank governor. he was talking about the ecb and some of the non-consensus out there. that s coming up shortly, but first, let s get straight to bloomberg news. we begin with details on the proposed interim trade deal. u.s. officials discussed a limited agreement that would delay and roll back some u.s. tariffs. this is an exchange for commitments on intellectual property and agricultural purchases. president trump says he is open but prefers a lasting arrangement. i would rather get the whole deal done. we have taken in billions of dollars of tariffs. i would rather get the entire chinese done. and we are going to do a deal, let s get it done. in focus last night in the democratic debat
seeing a little bit of a pause. but if you look at the stocks europe 600, a little bit of poor data out there and the prospect of more dovish appointees to the fed. i m also looking at the with the nomination of christine lagarde take over the ecb. all of this with euro area june the services pmi s, a touch better than i expected. but pmi in general has been disappointing. the u.s. 10 year yield is below 2% at 1.95. overall, quite a big move from yields. this is what is coming up on surveillance. don t miss our interview with loretta melzer talking inflation and treasuries. first, let s get straight to first word news. waller and judy shelton are present trumps latest nominations to the federal reserve board. of researchrector and was the professor of economics at the university of notre dame. shelton is an informal adviser to the president and spent decades outside mainstream economics. her unorthodox views could attract opposition. the trump administration abandoned its h
francine: welcome to bloomberg: surveillance. this is what the markets are doing. i am francine lacqua in london. the stocks here are down 0.3%. a lot of the focus is on the earnings, on banks reporting, but there is little bit uneasiness of uneasiness when it comes to world growth and central-bank action. bankard from the central say they will not hit the inflation target anytime soon. brent, a lot of volatility, currently at 75.23. the dollar index has been advancing quite significantly, that is the bloomberg u.s. dollar index. coming up, more from our day forws on this big banks in europe. but first, let s get first word news from new york city. a clear timetable for her departure is the demand for lawmakers in theresa may s own party as brexit chaos continues. but this gives the prime minister a little breathing room . they shied away from changing party rules to make it easier to oust her, this coming as scotland s primus are called for a new independence vote. donal
as we said. i.s.m. data is private so it is oming out and it is lower than expectations. 50 something points but still ealthy but down from last month. 60.7 and lower than expectation 58.5.was stocks as guy said mixed in europe and here. higher.s we will go over the numbers and the other items impacting stock market and bond market. kathy fisher is with us. what do you make of the way we volatility shake things up? we are in on a monday morning mixed. market is what you just said captured it. data.e seeing mixed manufacture data is good but slowing and employment in the the consumer are healthy. it is good around globe in the but we are rld getting mixed economic signals. > what will it take because clearly national conditions are tightening and federal reserve concerned the chairman trying to put the markets straight on a but we are into another week of shutdown and fair few weeks from arrives march 1. that wenk that requires xpect volatility to continue, waves of volati