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With conditions good to moderate. That is nice to see. We will continue with good to moderate air quality through the day because of that strong ocean breeze kicking in, helping to clean out our skies and mix out all of that smoke and with that, with that sea breeze come we are starting off with foggy conditions and even some patchy drizzle along the coast and the bay. Oakland, that patchy drizzle for you in the mid 60s, low 60s in San Francisco and upper 50s for santa rosa with th fooon, wl see that clearing and temperatures in the upper 60s in San Francisco, mid70s in oakland in upper 70s in san jose and mid 80s for konger to let you know how long this clean, fresh air will last in the bay area in just a few minutes but now is check in with john and it is a foggy and drizzly start to the day. It is. Chp is issued an advisory. That is as you hit the roadway. The bay bridge a f ....
In london. Manus first thing this morning, the german chancellor Angela Merkel says she is confident the International Monetary fund will contribute to greeces third bailout. Francine on wednesday, the German Parliament will vote on a rescue package. Manus speaking for the First Time Since euro area ministers backed the 86 billion bailout, Angela Merkel said she would consider debt relief to make it happen. Ms. Merkel with regard to the extension of maturities, we have room for maneuver. Just like we had in previous times, we did extend maturities. The repayment rates. It is always possible to do something else, but theres also a clear statement that they euro cant allow another haircut. Ourcine lets ....
Board. Ftse 100 down. Dax down over 0. 5 . , almost byweaker too 0. 7 . Lets take a look at the dollar. This is going to be the currency in focus today. Looking pretty flat, but it is at a sevenmonth high against the euro. Look at the dollar index. The bloomberg dollar index tracks the dollar against a basket of 10 major currencies. That is at a record high. That is the dollar. Ill keep you uptodate on equities. Weve got to look at the Commodity Markets as well. Gold coming in pretty flat. This is trading near a fiveyear low. Expectations increase for that fed rate rise. Coming off its worst stretch of losses since 1950. Silver acts both as a precious metal and industrial metal. It is facing downward pressure from both sides. Almosting a little, up 0. 3 . Copper extending losses. Copper is at a 2009 low. The lme, that dropped 25 this year. It is on course for its worst year since the financial crisis. Jonathan nejra cehic, than ....
A look of what else we are dropping. 82 year low. Currencies, what we have seen is a move towards the safe haven. Yen strengthening against the dollar. The swiss franc is strengthening against the dollar. What we have seen as the euro becomes a safe haven. The correlation between the euro yen act of the highest since 2007. That is the currency. I cannot get back to you until i have a look at oil. I want to look at wti first. A three day bull rally up and three days. The biggest threeday gain in 25 years coming off of the now a little bit. Samestore for brent crude. Last week, we saw brent drop below 45 a barrel for the First Time Since 2009. It is now 54 a barrel. Back to you. Jonathan . Early rules. The ftse 100, the city getting back to work. Is down by over one percentage point. Big moves and asia. Not in japan and not in china but japan. Reporter i wish i had better news but a down day across of the region. What looks to be ....