Kong reels from a violent day of protest. Police fire water cannon, tear gas, and rubber bullets as Chinas National Day approaches. Shery lets get you started with how mark how markets are trading. U. S. Futures higher by. 5 . Ons coming after the s p 500 one point on friday fell below the 50 day moving average. Bounced back. Still ended the session down. 5 . We had some traded concerns with a bloomberg report that the u. S. Might be considering restricting those portfolio flows into china. Trade sensitive sectors were hit. The nasdaq. Lost more than 1 we also have oil moving, or seeing its biggest weekly loss since july. Now we are seeing wti starts higher at by a tens of 1 . 56 a barrel. Lets see how we are setting up in asia. Sophie futures are hinting at a cautious session potentially on a busy final trading day of september. The offshore yuan recovering a touch after slipping to a three week low on friday on the u. S. Report falling options. Board ahead of the visit to the u. S. A
Hundreds of outlets are still closed because of a problem with its chicken supply. In the christie goes you reach the first corner. In the christie goes you reach the first corner. And more heartbreak for Elise Christie as hopes of winning a medal at the Winter Olympics are over. Its 5 oclock. Our main story is the crisis at oxfam following allegations of Sexual Misconduct by some of its staff in haiti. The charity has revealed that thousands of people have stopped giving money in the past fortnight. Senior executives have been questioned by mps about the scandal and the head of oxfam gb Mark Goldring apologised wholeheartedly for remarks he made last week when he appeared to downplay what had happened. He also revealed that 26 more Sexual Misconduct allegations have been received by the charity as our correspondent matt cole reports. We should warn you there is flash photography from the top of matts report. If there was any doubt that the senior oxfam leaders were going to face a tou
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Morgan stanley says that volatility in currencies is entering a new era because we are so dependent on the moves and data. Because everyone is going to look at every single spot of data and economics coming out and that will move the market significantly. , Consumer Confidence is likely to fall. The dollar is getting ever so slightly as we see officials ready to see a rate hike later this year. Bank over there is interestingly putting out that the chinese growth forecast ought to be cut. It includes continuing to trade lower. Issues about iran. That is what many are considering. Down goes boyle as we see supply concerns about iran and copper down by 1 as the asian banks cut their growth forecasts for china. Will volkswagen have opened . You know that germany is sometimes slow. It is down 1. 6 . That they have totally screwed up but now asia is starting to weigh in on volkswagen. Going to investigate in south korea if they met pollution standards. Could the industry be tainted . Rsa up
6 00 this tuesday morning. Vw is that the center of emisin missions scandalsion. Anna now they say they will investigate. Guy the share price is heading down. That has been the last year, you can see how their share prices come down. It is here the damage has been done. If you look at the stock today,ay compared to moving down into the one 30s 100 30s. Anna addressing to see where this goes next. Affect them. This ons hasstion of emissi been around for a long time. Guy lets wrap up the overnight news from the u. S. , including a tweet from Hillary Clinton. Of theor the release apple car certainly making headlines. Ie has always the details all of the details. Julie u. S. Stocks finished mixed. Health care shares held back the averages overall. The dow and s p finishing higher, the nasdaq could not quite make it better. 18 of the past 23 sessions we have seen triple digit moves on the dow. This new normal of volatility or in back in the u. S. Stocks. Technology and financial stocks doin