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June 21, 2024
I dont. But i dont either. At jpmorgan had surprised increase in fixed income trading. Jpmorgan did set aside one billion dollars for future expenses, and the bank is spending more money on Cyber Security and regulatory issues was up earlier on bloomberg surveillance, Andrew Albertson mess is no reason to discount jpmorgan. We are watching the movie too fast. This is a slow economy. Its been a slow recovery. Everything is falling in place in terms of bank land. Weve got the loan cycle picking up...
June 21, 2024
And an announcement . And certainly it well. It will begin on monday, next week. There are still a few issues in and out but it does not seem hopeful that it may come. What are they . Tax and other regulatory issues . The taxes always been a major obstacle. A big hurdle for people to want to invest. While hong kong does not charge a capital gain tax, the mainland it does. They have not collected it and mainland investors are happy. Foreign investors need clarifying. Do we know what the hold up w...
June 21, 2024
I am anna edwards. Also, talking the deficit. George osborne tells charlie rose that the u. K. Is a front runner in the world economy. U. K. , weularly in the have a budget deficit, even though it has come down by half. Our debt to gdp is too high at 80 . We want to be in the front ranks of economic nations. Russias currency is in crisis, and its economy is unraveling. The ruble plunged to its lowest ever against the dollar despite the Central Banks efforts to stem the route with its biggest Int...
June 21, 2024
Good morning. You are watching the pulse. We are here in london. Getting somet breaking news out of the International Energy agency. Cutting Global Oil Demand for the fourth time in five months. Despite the fact that the price of oil is going down, demand is not picking up. The fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. The story that continues to see nymex crude getting crushed. Be...
June 21, 2024
A warm welcome. 7 00 here in london. We are going to bring you breaking news. John uring in germany drops five when evan purse than. Was for five points 7 . Focus on the impact on the ecb. Which will lead to calls to do more. After a week of demonstrations in hong kong, it is starting to dwindle. Have removed some of the barricades. It comes after protesters met with officials. Demonstrators are demanding to be able to elect the chief without prior approval of candidate. What row graham have we ...
June 21, 2024
Eu to thing president is on the move. But we are trying to think our teeth into the first full trading a week of the year. David ingles is discussing this further. It is going it is going to cost the index, so we are starting this new trading year slow, things are quite light. Just give you a picture of what is moving up, our top three, and our bottom three percentage gainers and losers, so that is what you have in australia, the nikkei is up and the 119, the 120, that is what we have in the top...
June 21, 2024
Francine lacqua is off today. She will be back in the new year. Lithuaniahave we got, preparing to join the euro. We are going to speak to the lithuanian finance minister. Is his country ready for the move . We are going to find out. Over theing to talk next few minutes about the a350. What is the a350 . Compositee new have aluminum aircraft from airbus. With designed to compete the 787. It is super efficient compared with its predecessors. Qatar airways is the launch customer. I was talking to ...
June 21, 2024
Just a tad about the threshold of 50 there. What is leagiding decline . Manufacturing, the of Singapore Bank of singapore. The telcos are low. Shanghai is resuming where it left off. Obviously the 1. 3 another 1. 3 for the index. Quick check, i mentioned shanghai continuing oil is also continuing. Crude, about a dollar. We have bread 80s and slower . 80 lower. Production in russia. A postsoviet record. Direct exporting direct exporting 92 iraq exporting 92. 9 barrels a day. You are looking at 80...
June 21, 2024
And taiwan in the next. David is having a look at general sentiment. We saw wall street client, and that normally has an impact here as well. We are expecting volumes to be fairly light over the next hour. Gdp of china comes out midmorning. Meantime, this is what were seeing across the region for taiwan, malaysia, and singapore. The cost be up 0. 4 . We are seeing a drop in the japanese yen. I will show you what is happening in just a moment. Top performer, the nikkei 200 205 the nikkei 225. The...
June 21, 2024
Front door. Happy friday. This is Market Makers. Schatzker. I am i am scarlet fu. It is up to the senate in the Upper Chamber beginning debate on a 1. 1 trillion spending bill just hours after the house barely managed to pass it. It faced strong opposition from the left and right. Elizabeth warren and ted cruz have both threatened to block it. She is worried about a provision that rolls back part of the wall street reform bill and he was to block president obamas immigration plan. The senate has...