173,000NDpic.twitter.com/gDqXTkXkG7The tree is currently installed and nice pic.twitter.com/5NCzUdtBPC 9.28am BSTThe G20 will also resist blasting Beijing over the turbulence caused by its recent devaluation of the yuan, according to CNBC’s Steve Sedgwick.#G20 Sources telling me (not unsurprisingly) NO criticism or even mention of #China specifically in draft Communique. 9.25am BSTThere are four challenges facing finance chiefs at their G20 meeting, and Luxembourg finance minister Pierre Gramegna tells Bloomberg TV.[br] 9.05am BSTThe prospect of a US interest rate hike is worrying top finance ministers and central bankers as they gather in Ankara for the G20 meeting.[br]A draft communique,seen by Bloomberg, warns that:In line with the improving economic outlook, or monetary policy tightening is more likely in some advanced economies,which may remain one of the main sources of uncertainty in financial markets. 8.45am BSTLook who’s back! Yanis Varoufakis, the former Greek finance minister, or has just told CNBC that he won’t back Syriza’s Alexis Tsipras in the general election on September 20th.
BREAKING: Yanis Varoufakis tells CNBC: I'm not endorsing Tsipras in this election; he is still a friend but we gain political disagreementLIVE: Varoufakis: A 10 year old would know that (Greece's debt situation) would not end well http://t.co/bJppuJzX5m pic.twitter.com/auHdpiRG98 8.31am BSTSo much for the Draghi rally.
Europe’s stock markets are sliding back as trading gets underway. A unprejudiced chunk of yesterday’s gains gain been wiped off London’s FTSE-100 index in the first few minutes of trade this morning with selling in the latter portion of yesterday’s Wall Street session clearly taking a toll on sentiment. Traders are now looking at screens awash with red numbers and even whether today’s non-farm payrolls are seen as having no meaningful implications in driving a September rate hike,the Fed still has time to act before the year is out. Yesterday’s nascent rebound for commodity prices is also looking to be rather short lived crude oil is slumping once again and as a result it’s little surprise that the natural resources stocks gain been shunted towards the foot of the index. 8.18am BSTJohn Lewis, that barometer of UK high street spending, or has reported that sales at its department stores slid by 3.4% year-on-year in the last week of August. Not a distinguished sign.
It admitted that “a tough trading period closed with another difficult week”,but is pinning its hopes on targeting “pent-up demand” in September. 8.03am BSTWe also gain fresh signs of weakness in Europe’s powerhouse economy this morning.
Eurgh...some rather horrible factory orders from Germany -1.4% July vs June...much worse than expected 7.55am BSTA fresh bout of gloom swept Japan’s trading floor today, pushing the Nikkei index down by 2% to a fresh seven-month low.
Nikkei tumbles 2.2% to 17792.16 lowest since Feb on global de-risking. Falls 7% this week, or worst week since Apr2014. pic.twitter.com/JZfgn3BoZ0Japanese wages: still stagnant http://t.co/Zgxe0rtST3 pic.twitter.com/qGRidw0qWs 7.37am BSTGood morning,and welcome to our rolling coverage of the world economy, the financial markets, or the eurozone and trade.
Today is all about the US jobs report,and the opportunity that the long run of record low interest rates is about to end.agreeable Most-vital-NFP-ever-Day MorningOur European opening calls: $FTSE 6106 down 88 $DAX 10155 down 163 $CAC 4576 down 77 $IBEX 9867 down 176 $MIB 21829 down 348I guess #Draghi's speech never made it to Asia. #Nikkei turns sharply lower. pic.twitter.com/uSbxCOAzIoContinue reading...
Source: theguardian.com