The key levels we are looking at, the bloomberg dollar index, hinting at a critical level. Sterling has not been at these levels since the beginning of may. Optimism of perhaps not a hard brexit taking place but a deal could be done. We will have a guest from jeffries and we will ask if there is too much baked in to pound. The euro gaining traction. Seven weeks highs we were at earlier with the euro. The Australian Dollar moving slightly to the upside. 86 for the aussie. Looking at new york as we get to first word news and su keenan. Tradeina is offering a olive branch that could survive rising tensions over the hong kong autonomy bills on capitol hill. After President Trump announced the sides had agreed, phase one of the deal, beijing going to tackle the forced tech transfers that are a key issue for the u. S. Makehinese government will sure of equal treatment in china for companies. Trump it will be one of the biggest deals. Now we are getting a papered out but they are getting it p
And Central Banks are stepping up calls for help amid fears that they are running out of options. We are live at the imf meetings in washington. Sophie checking on the start of trade in sydney. Little change, after the drop of 200, halting a fiveday advance. Broadly speaking, we are setting up for a mix start in the agion, but looking to have second weekly gain. Chinese thirdquarter gdp numbers come, as corporate numbers on the mainland have shown little improvement after a bleak first half. Japanese inflation remains subdued, giving the boj food for thought at the policy meeting. Able back below 1. 29 on brexit deal hopes, pushing it to a sixmonth low to position for a negative outcome. Aussie bonds under pressure this morning as the rba governor said the economy is improving. Offshore yuan 7. 8 against the 7. 08 against the dollar after fixing. Jessica acting white house chief of staff Mick Mulvaney denies saying that President Trump withheld military aid to ukraine to persuade key h
Boris johnson begins efforts today to convince parliament to back his brexit deal. Lawmakers prepare for a vote tomorrow. Another aramco delay. Freeze again, just days before the planned launch. It continues to hunt for a 2 trillion valuation. And chaos. Renault slashes its forecast, putting blame on the deteriorating global economy. And a fellow french corporate lowers its outlook after weeks of poor results. Matt less than half hour away from the european open. Take a look first off on the pound. We are following cable very closely. It has been amazingly volatile, up to almost 130 yesterday all the way down to 126. 5 the day before that. Right now, we are trading at 128. 68. We will continue to watch for lines to cross from various labor, mp from various labour mps to see which direction the pound would go. Lets take a look at the futures. The equity indexes across europe. We are seeing Index Futures pointing lower. Decks futures are down 0. 4 , cac futures down 0. 3 . 0. 5 . Tures d
London and various european capitals on whether or not Boris Johnsons deal will fly. The lira trading lower by around a percent today. I suspect that has to do more with Interest Rates than what is potentially happening in syria. Vonnie hsbc looking to cut 10,000 jobs, dropping its french Retail Business entirely. The interim ceo looking to potentially take the reins on a permanent basis. Banks begin reporting next week. We are with mike mayo, wells fargo managing director and head of u. S. Largecap research. Not a huge amount, but still, 10,000 jobs is very substantial. Does hsbc need to rethink its strategy and potentially become a china vanke once more . Mike i think all banks globally need to rethink their strategies. A response to slow revenue growth, what do you need to do to control the bottom line . Control expenses. One way you do that is with technology. Benefit of technology at banks is in the nontechnology space, and that comes down to headcount. Youre seeing that other ban
I am haidi stroudwatts. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery from bloomberg headquarters in new york, i am shery ahn. U. S. Warns iran against escalating the war in israel as washington and its allies step up efforts to avoid a widening conflict. 600,000 gazans have fled south ahead of an expected invasion. New zealand is set to have a new Prime Minister. Industries Government Faces an uphill battle for unity in the wreck of the field indigenous boys referendum. U. S. Futures coming online in the asian session, seeing an upside of about 0. 1 percent after u. S. Stocks were losing ground in the friday session. Markets were bracing for more geopolitical tensions in the middle east over the weekend. So we saw at bigtech selloff over the friday session. Treasuries give the ground. The 10year yield falling towards 4. 6 . That safe haven demand continuing as we brace for more volatility this week. Were also watching oil price