Settlement cycle and it has also become the first in the region to permit short selling. We spoke to the c. E. O. Of the middle east biggest equity market. What i would like to see is the growing number day after day and year after year. We have an ownership limit of 49 and wed love to see a few achieve that level. The other big theme has been ipos and were hearing whispers of more Family Companies considering ipos as well. How many ipos are you looking forward to in 2017 to bring liquidity into this market . Well, today after launching the Second Market were looking at ipos from two different sides, offering two platforms for listing. He main market and nmo has been very active as expected. It has been granted approval 20 we can say that at least Saudi Companies have fired their Financial Advisers. We see a very healthy ipo pipeline on the market. Out of those 20 are there more Family Offices considering ultimately the thinking was it has encouraged more of the private companies to co
The year. Possibly beyond. Will it be enough to stop the recent rise in the greek market . Third in the crude market . Third time, not enough charm. Akzonobel rejects another takeover offer by bbg, defying shareholder pressure. Could a hostile takeover the next . You are welcome to the show. Emmanuel macron exceeds the power. Votes got over 65 of the and counting. 34 from macron . You can see this is the overall relief. Asia was off on vacation. These equity markets are higher, in part, in part to do with the victory that you saw for the jobs number on friday, the macron relief rally as well, which has come through. That in itself is moving markets. Equity markets are just that little bit higher this morning. Let me move this along. Equity markets are just that little bit higher this morning. London, paris, and frank first are all higher. Up about. 5 percent in london, paris, and frank appeared we have the European Central bank to deal with as well. Let us get to juliette the first wor
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it
San francisco marathon and it is just one of many landmarks runners will pass with 20,000 competitors expected to take part. Kpix 5s emily turner is on the event with security measures that may impact to. Reporter you might want to pick again sunday morning crossing the golden gate because the bridge will belong to runners for a few hours. We are encouraging people to change your plans if you are traveling northbound on sunday and if youre thinking about traveling we highly encourage you to use lyft. Reporter they start at midnight for the road closures. The closest to the bridge begin at 4 30 am. There will be no northbound traffic and reduced lanes southbound. This is the first time it has been done for the race and officials agree it is better to be safe than sorry. We have seen in the past what has happened in the uk they have been using vehicles as weapons. They are going to take all of the necessary precautions to avoid any vehicle traffic whatsoever to eliminate that part of the