No change in the lpr. No real effect when it comes to the cnh, the offshore renminbi. 6. 86. Maintaining the gains we have of late. The euro weakening. Keeping an eye on crude. Oilared by the National Company after saying it was commandersone of the of one of the civil war activists from exporting. Got oil field disruptions taking place in iraq. What else is happening in beijing. We join selina wang for the first word news. Selina thank you. The former white house economic director gary cohn says he sees no recession predicts the economy will continue to grow as we move towards novembers election. While president trumps tariffs produce the phase one trade deal they inflicted some damage on the american economy. I dont think we would have gone to a different outcome. I dont think the outcomes helped us get to a different outcome. Did it hurt the u. S. . Its. Totally hurt United States the u. S. Economy is very strong, employment is great but we are missing a big component. Were missing
The margins there seems to be more optimism in the markets that the yearend wont bring the crunch we had forecast. This is the picture for european stocks up 0. 1 . 1. 3096. D, a phase one trade deal. At 96. 3,ng in betterthanexpected after they had a figure of 95. 5 and thats moving euro a little bit. Coming up we will discuss the and also dont miss our exclusive interview with the chief executive, thats coming up at 1 00 p. M. London time. Lets get straight to the first word news in new york city. President trump is accusing Speaker Nancy Pelosi of turning chamber. Into a star powerump laying out his and obstructed congress. Later today the house is effective vote to approve two articles of impeachment. The u. K. Credit outlook has been upgraded by both s p and after Boris Johnsons conservative party won a decisive majority in last weeks elections. S p raising the outlook from negative to stable. Fitch taking them off rating watch negative. It removes the immediate threat of a downgr
Bigger worry the back and forth right now on china and whether we really are going to remove those tariffs at 165 billion worth of goods from china that are supposed to take effect on december 15th, now, again, weve gotten mix reads out of that so we really dont know for sure but just a hint of that, it was coming coming from china that they were optimistic that that would be the case, we dont know where the president stands on this, all of this on the same day we had democrats announcing arms articles of impeachment against the president of the United States. Edward lawrence sorting out with the markets, sir. Watching what youre saying, neil, with the announcement from nancy pelosi and heads of 8 committees that negotiate on the democrats side, they were trying to take credit here for usmca, at one point in the News Conference House Speaker says thousand anonstarter deal that she got and turned into a deal thats good standard for all trade deals across the board, the white house pushi
Steeper falls on this but this is still early doors with what is going on with the benchmarks. Certainly what we also have going on is the treasury market as well. Seen a bit of the paring of the gains we have seen. Yields moving slightly to the upside. 1. 71 or thereabouts on that. Looking at futures. Flat for the s p on the futures. Lending a little bit of support. Cnh pretty much on move, we could see a gradually could get weaker. The offshore yuan 7. 07. Looking at sterling, we have 1. 30. Ver we have continued polls coming out suggesting the conservative well, boris johnson, did with the majority after the december 12 election. Thats what we have at the moment. Lets go to new york and join su keenan. Su we start with President Trump who is done a you turn on nato switching 180 degrees from his criticism to claiming credit for strengthening the alliance. Trump was especially vocal on efense spendingspens complaining that washington bears the burden for your safety. He warns nato me
Take a look at where the csi index positive territory earlier. This confirms the slow down in japan as well as australia. Taking a look at hong kong, the hang seng negative territory, down by 9 10 of 1 . It closed at the lowest in three weeks, down 5 over the last week. Removing are cautious, or cutting investments in chunk in hong kong and newman china. Cuttinga look investments in hong kong and them in china. Powell signaling rates could be on hold. It is Rate Decision date today. Lets have a look at the prospects for the Indian Trading day. We could be contributing more to the loss we suffered in mumbai on wednesday right declining mumbai on a wednesday. 6 10 of 1 loss we saw in the session wednesday. Look at 10 year yields. A Slight Movement to the downside on the yield side. , the strength of the dollar playing into this. The inflation read is stronger than anticipated from the central bank. Have the rupee, breaching the 72 level. Another central banker out there reasserting his i