We are at one dollar. 099 1. 099 dollar. There are your numbers. Manufacturing in france falling. As a price contraction. Euro off by 1 . Today is all about commodities. Copper lower. Goldman sachs says it has further to go. Oil, a little bit of a rebound. We are seeing it continue to decline, up by 4. 2 . Lets get back to how the you how the euro is responding. Continually lower, contraction for pmi is a surprise. Lets take on some of the equities. We did get a number of earnings. Terrible profit numbers. We expecting jump in air france and Anglo American. 4 on error finance on air france. Better than anticipated. Theyre having to reduce their cost, because they have been hit so hard. Desperate to take on the discounters in the area. Desperate to take on the likes of the longhaul emirates and the likes. How did a tackle it . They like the fact that there would be trying for more cost cuts. Anglo american, up by 30 . Were seeing the dividend cap where it was. Dividend cap where it was.
We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines
Rule. It is about geopolitical, the alpha today. Haven assets,e golden yield. 9398 shows the correlation between golden the yen, moving more closely. And the yen, moving more closely. If you think that is suggesting people rushing to haven status, it is roughly down to that when it comes to the next chart, 1861. There we go. 4500, just having come off the top of that, but it has clearly outperformed when we see the treasury bills, gold, and the yen. That is what we have at the moment currently. Haidi absolutely. Cycle ofck into this risk off and what happens over the next you days as that risk receives and investors get back into the market. This First Nuclear test of north korea of the Trump Administration and whether that is a game changer. A risk off but orderly mood so far in this asian session. We are 30 minutes away from the open in china and hong kong. Sophie korean assets in the spotlight. We are seeing whether we will see a recovery halloween this kneejerk reaction, which has
This is zero. Carry this is the news hour live from joe coming up in the next sixty minutes the rerun of kenyas president ial election is marred by violent protests and opposition strongholds. Iraqs Prime Minister rejects the kurds offer to freeze the referendum to session as he travels to iran to meet with leaders there. Catalonia leader and Parliament Meeting to discuss hundreds plans to take control of the region. With the latest sports news including a home run record as the Houston Astros level baseballs world series with the l. A. Dodgers. By. Security forces and hanging. Have fired live rounds and tear gas at protesters opposed to the president ial Election Rerun which is underway. No. Opposition leader religion guy has asked his supporters to boycott what he called a sham election the polls opened a few hours ago except in a ding a stronghold of kisumu where some voting material hasnt even been delivered we dont want to end the lead. Right now not to god no not to end the lawye
From mercedes and. Shares opened shortly. And mission to moscow. With no sign that the kremlin will change its stance on assad. Matt less than half an hour away from the start of european equities trading. Take a look at futures. Basically green across the board as far as European Markets are concerned. The euro stocks 50 futures up a quarter of a percent. The dax up one third of 1 and the cac is a. It is interesting to see the green arrows there especially if you contrast them with the red arrows we saw in asia overnight and the big risk off trade. The s p is battling. Obviously a big feature on that landscape. Lets get a bloomberg first word update. Sean spicer has apologized for saying adolf hitler did not used chemical weapons. It came as [inaudible] ascer said someone despicable as hitlers did not use chemical weapons. Chinas president spoke to donald trump yesterday urging nuclear about the program. Should settled peacefully to be committed to peace and stability on the korean pa