Will determine whether the country gets a new bailout. Prime minister Alexis Tsipras is counting on members of the opposition to get the plan through. Last night the Prime Minister said he agreed to the deal only because he had a knife on my neck. The result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. Vonnie a new report questions whether greece can deliver those Economic Reforms without debt restructuring. In china, betterthanexpected news about the economy did not boost investor confidence. The benchmark shanghai index fell. Earlier china said secondquarter gdp rose at an annual rate of 7 , which beat estimates. Chinas central bank has cut Interest Rates four time since last november. The fight over the Iranian Nuclear deal has shifted from vienna to capitol hill. Negotiators said the agreement would prevent iran from building a nuclear weapon. But hours after the announcement, House S
This is bloomberg surveillance and im Francine Lacqua in london. We are just getting some breaking news from the oil markets. Its 2017 lifting growth demand estimate to the strongest in two years. This is significant because we heard, i guess from insiders that opec, along with its allies, are also said to be discussing expanding cuts by more than three months. What does that mean for oil . The iaea says the strongest Global Oil Demand growth in two years. Brent, 54. 32. We will be speaking, right here on surveillance. In the meantime, it is time for you data check. We saw gains over the last couple days. These stocks are definitely rallying. Treasury yields are declining. The dollar snapping a two day advance. I will show you crude and the pounds, ahead of the u. K. Jobs data at 9 30. Reporter apple has unveiled its 1000 iphone, which features of rented reality and facial Recognition Technology. The company also rolled out an updated apple watch and tv box. The product announcements w
Happens. We are going to see what happens with north korea. We are prepared for numerous things. If something can happen where we negotiate, i will always go for that. That if it is something that is going to be other than negotiations, believe me, we are ready, more than we have ever been. Thank you very much. Thank you, thank you. President trump outside the white house a few moments ago. He is taking a helicopter the secret Service Training facility, speaking to trainees this afternoon. He was talking a lot about the speeches he just gave in the white house at about the iran deal. Was enumerating their essentially, kicking this over to congress. They will be dealing with sanctions. The Treasury Department issuing some new sanctions today as well. Imposing sanctions within 60 days, now the ball is back to congress. Robbers can decide what to do with that, but as far as the president goes, he is saying we will not continue to certify the Iran Nuclear Deal, also talking in his speech e
Commerce at the race to the bottom. And im seoul, South Koreans are headed to the polls to cast their votes in this historic election after theous ter of the former president and what we are seeing geo political tensions u. S. Certainties with the and china. Ill have the details next. That is our top stories. South koreans headed to the impeachmentplal and of the former president. The next leader who is successful in this transition period. Take a look at this chart, amidst the volatility, korean assets have been resilient. D it has been ranged since 2011. Nd reaction to markets and valuations across the korean stocks in a world where we are seeing so much cheap money going into equities and going into yan. Arks and the and look at the positioning of going into the election, the currency is a good place to look at. If you look at cheapness. The g8, the gap at the moment this is ween the two chinas index as opposed to the other index and what we have and falling 2. 8 . 1 na index advanc
Come next year, we will probably have the ecb with a stable balance sheet, and we will talk about Interest Rate movement after that. Anna welcome to bloomberg daybreak europe, our flagship morning show from london. Manus another day, another set of Earnings Results coming for. Lets go to commerzbank, germanys secondlargest bank. Operating profits, 314 Million Euros. That is confirmation that the turnaround plan is indeed having a good start. They confirmed their fullyear outlook. Loanloss provisions just below where we would expect. 196. 5 million. When it comes to net income, this is the storm. 217 Million Euros. The market had penciled in 74 Million Euros. The bane of European Bank ceos lives, capital 12. 5 . The target is 12 million customers by 2022, shareholders gave them a d rating, but a good set of numbers. Just think back to september. Is validation of strategy 4. 0. Anna we will be speaking to the cfo later this morning. He will join the team on surveillance. Matt miller is o