Cash trade is less than 30 minutes away. I want everybody to know there are no circumstances in which i will ask brussels for a delay. We are leaving on the 31st of october. Matt scheduling difficulties. Chinese and american officials failed to agree on a day for their next meeting. Rebalancing the numbers. M s looks seter to drop out of the ftse 100 for the first time in years. Welcome to the european open. Less than a halfhour away from the start of cash trading. Im looking at the pound. This goes back to the beginning of 2017. I see the pound coming down, continuing to drop down to 120 01. Keep in mind, it has not closed below 120 for many years. Just didnt down below there. We are watching closely. Look at futures. Futures, wec, dax are looking at a mixed trade right now. Cac futures are marginally off. Decks futures fractionally higher. Dax futures fractionally higher. European futures looking better than a mixed asian session. Markets come back from the labor day holiday. A littl
A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label over concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he starts mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects and global macro strategist at i care a good to have you with us so lets just deal with the very basi
A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label or a concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he started mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects in global macro strategist at i care a good to have you with us so lets just deal with the very basi
Footprint. The most valuable commodity in the world well for the past 100 years the answer to that question would have been oil or maybe increasingly water but with the likes of amazon googles Parent Company alphabet and facebook becoming the worlds most valuable listed Companies Big data is now king the rise has been rapidly even regulated scrambling to keep up with the changing environment and now one of those protecting us wants to write another chapter at facebook hoping to introduce a Digital Currency called leap or perhaps not surprising in the age of bitcoin but given facebook has abused the days or it has on billions of people and its failed to curtail the spread of online hate and generally has become a byword for distrust well many in policy circles are opposing the new crypto currency because its also a threat to National Economies a facebook currency used by its 2000000000 users could effectively create a new world currency a rival for the dollar maybe a yen or the euro and
A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label over concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he starts mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects and global macro strategist at i care a good to have you with us so lets just deal with the very basi