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In the white house, continue they continue to push reopening. Stephen mnuchin says another shutdown is off the agenda. Like ait does look terrible set up when it comes to this final friday training session. The selloff looks to continue. In the u. S. , it was deep and heavy volumes as we saw that box provedy go really be wrong that came to a screeching halt. 2 trillion to write off the value of u. S. Equities in under seven hours time. The are seeing a rebound when it comes to u. S. Futures trading for the s p, seeing upside about. 5 . Chicago and nikkei futures looking positive. Still, we could see some downside in the session, particularly as we continue to see the yen, really the only outperform against the dollar. In sydney, no such luck. Futures plummeting by over 3 . We had aussie stocks falling the most in six weeks in the thursday session. We are seeing the correction extend to almost 4. 5 percent in the early part of this session as we see downside for the kiwi and the aussie ....
Worlds biggest processing station in saudi arabia which will be affecting a crude oil supply. President trump announcing a few moments ago he will allow release from the strategic result Petroleum Reserve to stabilize oil prices. Shery look at brent crude prices, surging above 70 a barrel. We are seeing a surge of 19 at the moment. We have seen brent and wti being pressured in the last week as we continue to see this demand going up, really clear given the ongoing trade war, print has fallen rent had fallen last week really clear given the ongoing trade war. Fallen last week. It is up 19 at the moment. Look at brent prices. We have seen huge moves when it came to prices of oil, given the ongoing tensions when it comes to the u. S. China and macro narratives as well, not to mention these are International Energy agencys warning of it agencies warning of a surplus of c ....
Of one of the worlds biggest banks leaving after less than two years on the job it is a busy monday, august 5th, 2019 Worldwide Exchange begins right now. Good morning good afternoon good evening welcome from wherever you are watching i am brian sullivan. We have breaking news with regard to chinas currency it is sinking in a big way the chinese yuan traded offshore is now sliding below 7 to the u. S. Dollar. That is a threshold thats not been breached in more than a decade tough go to 2008 and the financial crisis now, as that currency falls, remember, what does it do . It makes chinese exports less expensi expensive, which some say could mitigate any positive impact from the u. S. Tariffs. Analysts are quick to note, china could retaliate more against President Trumps tariffs by further devaluing the currency you can see where it is 7. 08 this is a fouryear chart. Reme ....