Yuan down 477. Beijing sites protectionism as agriculturallt imports. Asian equities down the most since october last year. European and u. S. Futures point to another day of heavy license heavy losses. Hsbcs ceo steps down. Good morning, matt. Matt good morning. Less than half an hour away from the start of european trading and it will be a negative session judging by futures. Gold surging again back to the highest level we have seen since 2013 as investors seek safe havens. Look at the futures trade across europe, a loss of more than 1 in ftse futures. We are dax futures down 1. 3 . It looks like it could be a very negative open. What are you seeing on the gmm . Anna a very negative session essentially through the asian markets as china hits back. The chinese currency being allowed to weekend weaken through seven. China asking importers not to buy u. S. Agricultural products. This is what we are seeing in the markets in the asian markets. You dont see china itself on the gmm, its not
Yesterday, but again we were talking about Massive Gains not just through the month of july but year to date as well well continue to keep an eye on this if youre watching treasury yields, this is where you would anticipate seeing moves if there were a downgrade if people were afraid of rushing into this. But it turns out u. S. Treasuries are still a safe haven and why the yields are still a bit lower. The 2year note trading at 4. 86 . Of course, all that related to what were seeing. Talk about the downgrade because it is our top story. Theyre citing what theyre calling an erosion of governance Emily Wilkins joining us now good morning to you. Good morning, andrew. Yes, shocking news yesterday at least for some of those in the Biden Administration seeing that downgrade in the u. S. Credit ratings from a aaa to a aplus this is only the second time the u. S. Credit rating has been downgraded like this treasury secretary janet yellen is quickly depending the Biden Administration she says
Given us or these are working to dismantle the network. They say, you know, we use latin america. Corresponding nicole reese told me why cuba may have spoken out so publicly. So this indeed is quite unusual situation. It was probably prompted by a video that has surfaced a few days ago. It shows 2 very young cuban men around the age of 19. It was shown on a Spanish Speaking program in miami, and these 2 young men claim that the current in russia that they had gotten and also to work that and construction, pull it up, that also signed a contract with them and actually flown to russia where they found nothing but the situation of a recruitment, so that was no real job waiting for them. They say that the documents have been taken away, the possible the money. They say that that they are not the only ones from cuba over the asking for help the asking of for the authorities to get them out of there. They say theyre scared. Obviously this is a video that we cannot really verify, but this had
In nairobi for a summit aimed at finding Climate Change. We looked at how kenya is already leading the way by generating most of this power from the. Im sarah kelly, welcome to the program. The us as the north Korean Leader, kim jong implants, to travel for rushed to russia for a meeting with president Vladimir Putin. At the top of the agenda, a potential deal to supply russia with ammunition for the war and ukraine. But the kremlin is refusing to confirm reports of any potential meeting. The north koreas military mines on full display celebration in july marketing ended the korean war. Russian defense minister, so it gave show you stood side by side with the north korean president , the parade in the capital p on yang made a big show of north koreas big spending nucular program. But what russia needs is most simple ammunition, notably artillery shells and anti tank missiles, as many as they can get. You officials estimate that russia had spies it around 50000. 00 salary shells per day
In nairobi for a summit aimed at fighting Climate Change. We look at health, kenya is already leading way by generating most of the power renewables, the sierra kelly, welcome to the program. The one says that north Korean Leader kim jong and plans to travel to russia for a meeting with president Vladimir Putin to discuss providing moscow with weapons. Moscow says it cannot confirm the reports. Us media said that the visit could take place within a month, citing unnamed officials. The parent met less in 2019. The young gang and moscow have both previously denied that north korea is providing russia with supplies for its for and ukraine. Western Officials Say that both moscow and keys are burning through huge and house of munitions as the war enters its 19 months. The w 0 or shadow is covering this joy from re good, as dw is banned from reporting and russia. We asked him how likely it is that putting will indeed get what he wants . Well, it should be indeed because the 2nd meeting betwe