Bank of america has more net Brian Moynihan seems little see little chance of a recession. Shery in the u. S. It was another relief rally with the dow gaining one. 2 . Every sector in the s p 500 in the green, chipmakers pacing the gains, nvidia positive resultss helping not mention circulation european officials could come to the rescue if economic numbers deteriorate more in the continent. We saw more optimistic. Optimism. The nasdaq was up. The future will be on jackson the fed chair has to say when he gives a speech on friday. In the meantime we have u. S. Futures up. 3 . Lets see how we are setting up in asia. Stocks this monday asian are ramping up for a positive start, kiwi shares adding. 2 percent while kiwi 10 year yields are above 1 level amid prospects for stimulus to counter some of these growth fears. Repairinghe pboc is borrowing costs. The rate refund. In hong kong, the warning of economic typhoon after we saw gdp contract more than expected. Switching the board on the c
Thate seeing signs drillers are fearing a slump in crude prices. Hot property, china june home price data will give us the latest look at how the wider economy is doing. We will break those numbers down for you and 30 minutes. Follow me on twitter. Dont to forget trendingbusiness. Get underway. Ets singapore and malaysia have just come online. , that is theg short of it. It is a very unexciting day so far. We are looking for the next catalyst. Frosty,ns looking multiyear highs for some. Asia mixed. Basically flat on the msci. Blames are quite thin, especially in australia and center 30 thinner. We are looking at the drop in the kiwi dollar. We were looking at gains postturkey into early this morning, then inflation data came out. 5 , but therer is the drop their, a 1. 3 drop. Once the data came out, the a 62 chen chance chance that the central bank could cut rates. As far as the markets are concerned, this is one of the least exciting at the moment. Angie not even a coup will shake thi
From their lows. , setntering a bull market for its biggest weekly gain since march on speculation opec will freeze production. The collapse in commodities has left a trail of victims. Mongolia in an epic meltdown and the worlds worst performing currency. Do follow me on twitter at rishaadtv, include trendingbusiness. The market open for greater china, several other indices and exchanges coming online. Lets have a look at what is happening so far. Up. D things have picked it was a quiet start. Theres not much to trade on, except for oil. I will get you an oil chart in a moment. Have a look at the open. Up ahead of the gdp print. We have a 10 year chart. Not exactly stellar growth,. 70 estimate. Who needs growth if you are getting inflows and equity gains . Look at that. July, seven . T of art folioon net inflows, the most in asia so far this year. We are watching the oil plays lead gains across the asiapacific. Where are we with oil prices . Here we go. Up 3 overnight. 50 for that cont
Samsung selling assets to fund the note seven recall. Right. You can let us know what you think of our top stories. Follow me on twitter at rishaadtvand include trendingbusiness. Playing catch up when it comes to hong kong and shanghai. Markets closed on friday. Singapore, taiwan, malaysia coming online. Had a dramatic morning with the technical issues plaguing the asx. In anession was placed enquire state. The technical issues have been resolved, and we are expecting an open at half past the hour. We will be watching that. Taiwan,e, the open in up by 1. 5 . The straight times opening flat, malaysian stocks up by. 5 . Seeing modest gains. The new Zealand Market not moving much. But really the focus for Global Markets is the Central Bank Bonanza happening this week, the fed, the boj, a plethora of regional Central Banks. On thursday, rbnz. There is an outside chance we will be getting a move from the rbnz given Inflation Expectations are week. Bank of the philippines and the central ban
Bailout talks broke down. Both sides refuse to blink greece is rushing toward the cash crunch that threatens to drive it out of the eurozone. We are joined by hans nichols. And without the bureau chief in joins us from greece. Hans, lets start with you. Lets talk about the greek finance minister, Yanis Varoufakis. And his reasoning about what he is doing. According to him, it is simple and illogical for Yanis Varoufakis to excel at a deal, a program his party was elected to repeal, it is simply a nonstarter. He said they went backwards last night and not forwards. He said. The last weeks meeting, they had a few setbacks and then they made progress. He held out the prospect for additional talks is that he is willing to negotiate. We have been saying steadfastly for the beginning we want an honorable settlement. We want to wedge together these principles, the principles of the program have to be respected and the government that challenges the logical problem and find Common Ground betwe