Stephen Carroll

The company announced a $2.3 billion impairment in its latest results, the third such charge in two years.

Anglo-American is in the process of a complete transformation of its business.

It reported a 2% rise in underlying earnings from its continuing operations and full-year profits of $6.4 billion.

And those are your top stories on the markets.

The stock 600 up by half of 1%.

Wall Street futures pointing higher as well, up three tenths for S&P.

Minis four tenths higher for Nasdaq futures.

After those UK public finances figures, we're looking at UK gilts rallying.

The 10-year yield down two basis points this morning, 4.34%.

And that's a bigger rally than what we're seeing elsewhere in Europe.

The 10-year French and German yields holding pretty steady today.

The euro is a tenth of 1% weaker on the UK.

Against the dollar at 117.61, the pound also a touch weaker at 134.56 this morning.

I'm Stephen Carroll and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Stephen Carroll.

The United States is continuing its military build-up in the Middle East as President Trump says Iran has 10 to 15 days to agree a deal over its nuclear programme.

Speaking to reporters on Air Force One, Trump was asked what happens if no agreement is reached.

The US president was speaking as the United States now has more forces in the Middle East than at any point since the Iraq war.

Donald Trump's use of the military in his second term has been characterized by short engagements, including previously bombing Iran.