We see the pboc once again holding steady, keeping that yuan at a steady level. Yuanconomists saying, the can rise, it can fall, and we will combat both moves should we need to. The dax up 0. 5 . Big vote on wednesday. Angela merkel trying to rearrange her schedule to get this vote through, talking potential debt relief for greece. Trying to woo the imf to get on board with the third bailout being offered to greece. That third payment comes on august 20. We are higher across the board looking at the eurozone when it comes to equities. The euro is down against the dollar. Weve got Interesting Data coming out of the u. S. Later today. We got manufacturing, inflation, we also get fed president william, voting member, speaking on his view of whether has what happened in asia changed the Federal Reserve . Still about 5050 think we will get the goahead in september. Euro still slightly lower against the dollar. Lets have a little look at how the Chinese Renminbi is doing. Stability back on c
First time in almost seven years. Many forecast saying sub 60 is here to stay through 2016. A little bit of a rebound. Koppers, metals, a little bit higher, a 10th of a percent. Gold up. 1 . That to do with the Federal Reserve more than 80 probability they will hike. Those technical indicators are telling us when it comes to traders. Miner to keep an i on one , potentially some gold. One of its minds has suffered a spell of toxic residue it. This is in desperate this is being reported by the that breaking news from bloomberg sources that in the united states, dow chemical and dupont are in late stage merger talkers late stage merger talks. If is consolidation a good thing when you have a glut of temples in the market. Glut of chemicals in the market. Interesting news in terms of construction. Carillion coming up almost 5 . Why . Because things are looking pretty rosy. Jonathan thank you very much. European equities, i dont think that is a convincing bounce. We are up. 5 . You see the m
Taking the taint out of buying. We seem to be buying back into exports this morning. The euro is trading slightly weaker. I want to show you oil. This is what is continuing on the downward to decorate downward trajectory. Still sub 48. It is all about the supply issue. Inventories in the United States at 900,000 arrows last week. Iran starting to say we are looking at upping the output. They could be adding one Million Barrels per day. Itsonder Oil Continues in funk. You were just talking about some Corporate News laced in today. It is all about retail. I wanted kickoff with tesco. Could be selling its south korea unit to the tune of 6 billion. The International Market could be selling it to an bk partners. It would be the biggest deal in south korea. Ryanair up by a half percentage point. Weve got ryanair showing. Oosting passengers 10 that was happening for august. Ryanair looking on the downward trajectory. I want to show you a little bit later, we are expecting it weakening after n