How much more short can the market be when it comes to the pound . The risk off trade very much highlighted in sovereign bonds. The 10 year german bund in negative territory for the first time ever. Move, we the flagship all waited for that move down to subzero on the german 10 year. Alix in the u. S. You have treasuries down at 2010 lows but where is that money flowing out of . Russia, spain, italy. Jonathan in crude, softer session again. Alix it has been days when we have seen this risk off trade for commodities. A similar story with copper, 2. 03 a pound. Money is coming out and pouring into those safe haven assets. Jonathan the Brexit Debate dominating the conversation. I want to bring you around the world for indepth coverage. Today it is all about rex it. London, matts in miller in berlin on subzero yields on the german 10 year first ever, and matt boesler on the fed meeting. Guys begin by bringing in johnson and matt miller in london and in berlin. For pauls, three Different Co
Sale. Toyota beats Second Quarter estimates in the u. S. The hour is in and the truce in gaza continues to hold as israel removes its troops from the strip. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. Were expecting the composite services pmi out of the eurozone this morning. Weve had the individual ones. Its coming at 54. 2. It was forecast at 54. 4, so its a touch weaker than specd. It does fall on the Italian Services pmi. That is from 52. 9 back in june. Theyre pretty much in line as expected. 50. 4 in the last ten minutes or so. Arrived from last months 54. 2. 56. 7 versus 56. 4 in june. Were around 20 points lower, not much of a reaction, but a touch weaker on that. Lets give you a look at what else is on todays show. India says it has to bring down inflation, but the question is how. Were live in mumbai to discuss how they do that. Plus we ask how companies are doing with the flux in prices. Also,
Later on will be paul krugman slamming germany. Question,ssic german we want growth but stay within this pact we agreed to. In the u. S. , personal income and spending at 8 30. At 9 45, chicago purchasing manager index and then the university of Michigan Consumer confidence. Heavy data day, given that it is the friday before labor day. Earnings, big lots. Markets in india are closed fora a hindu festival. 8 00. On indias gdp at european Foreign Ministers meet in milan. Wonder what they will talk about. Westminsterl be in today. I will take this to the traffic desk with scarlet fu. New rochelle and tarrytown. Hes staying overnight to attend a wedding. Scarlet fu in the traffic chopper. The traffictan, shuts down, what do you do in the suburbs . They shut down certain streets. You have to get around everything. Were warned, north of new york city as the president has a little on his mind. That on bloomberg surveillance. Lets look at the data stocks, bonds, currencies, commodities. Future
Welcome to countdown. It is just 6 00 here in london. Coming up, the Israeli Basketball Team with big plans for cracking america. How they are making a play for the big time. Our top story, democracy protest in hong kong luck to streets and divided the city for the two months and it is coming to an end. Baliffs have moved in the last remitting site. Live from hong kong with the details. This hour,nd that at 6 00 here in london, and this hour has been targeted as a key deadline for the protesters in hong kong. Yes, where Hearing Police that now announcing protesters and others who should not be in the area should be leaving immediately. They have announcing this at regular intervals for the last hour. They said able start clearing this site very soon, maybe in the next five minutes. What has happened today is that part of the protest site was covered by an injunction in that part was cleared this morning by some people who are authorized by the company to do so and they were watched by
Explosion overnight impacted operations out of the biggest u. S. Refinery. Ukraine accuses moscow of fresh incursions after russia may have had a major u. S. Bank in retaliation for sanctions. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Good morning, everyone. Yes, welcome to Worldwide Exchange. At the top of the show, i want to bring you some breaking news regarding the eurozone. Some interesting Economic Data points. The eurozone july annual growth, 1. 8 versus a reuters poll of 1. 5 , according to the ecb. That seems to be ticking up. Again, up 0. 1 on year versus the four count, over 1. 5 . We also have annual growth loans to the private sector. It is but that was to be expect theed, negative 1. 6 versus a reuters poll of 1. 5 . So that number is a little bit worse than forecast. Again, this is the data coming from the ecb this morning. Lets get some instant reaction to these numbers. David marsh is director and cofounder of the Fi