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June 29, 2024
Happening with greece first. A vote is taking place in the Greek Parliament, mr. Sippers saying that mr. Tsipras saying that he had a knife to his throat. This is one of the most exciting elements of the story the imf. It really favors significant debt relief for greece. This is what greece has been arguing. Friday, we get the vote in the bundestag. How problematic is that going to be . We will talk to the river party and greece later on the program. How does it see this deal . We will find out ...
June 29, 2024
Youre welcome to the pulse live in london. Our top story. Chinas secondquarter gdp beat estimates. Rising 7 from a year earlier. 7 , a, im always a skeptic. Coming in bang in line with what they wanted to achieve. What are these numbers . Andy you are right to be skeptic. It is a bit like last year. We had a slow start to the year. And a slow first couple months, but now it has picked up again. Exports being better. Consumers are back into the game. House prices recovered. It was enough to get g...
June 29, 2024
Negatively. The dow opened lower, the nasdaq lower by 6. We had a multibillion dollar deal. Teva acquiring allergan. We should tell you that teva is officially withdrawing its off for mylan. You may have remembered they made that offer as a hostile offer. It was not morninging. Mylan which located outside of the u. S. Became a bizarre beneficiary of moving outside because of the way the governments rules work abroad were they relocated it made it much more difficult for teva to pursue a deal. Ho...
June 29, 2024
Released shows donald trump leading the republican president ial field by a wide margin. Heading into the first party televised debate this week. Jeb bush is second at 10 . Scott walker is third with 8 . 500 voters who identify themselves as republicans were polled. Even though we are a long way from election 2016, the 17 republican president ial candidates are watching the polls closely. The debate is thursday. Only the top 10 will get into the event. That will push rick perry and bobby jindal ...
June 29, 2024
Case ifespecially the you look at currency markets. Absolutely nothing happening. Yields, fixed income, fairly mixed in the broad market. Let me mention malaysia, we are down about three fourths of 1 . The only market thats actually spiking up. Oil prices remain subdued. Forecastersot of thinking that the currency will weaken further. Last i checked, the koc i was roughly at 1680. About 10 points above the december 2014 low. That takes us back all the way to early 2013. Several cities in taiwan ...
June 29, 2024
Im Caroline Hyde. As we were just saying, we are getting breaking numbers from allianz. Just to run you through some of the numbers, the outlook is confirmed on the upper end of the range. This is the number one european insurer, confirmed its fouryear forecast. Of 2e getting net income billion euros, ahead of analyst estimates. The operating profit came in at 2. 84 billion. We are looking at property and Casualty Insurance at 11. 8 billion euros. We will get much more on these breaking numbers ...
June 29, 2024
Weekend. Greece wants the bailout talks to be done by early tomorrow at the latest. The key date to watch, folks, august 20th that is when greece has a repayment due to the ecb. And gloomy data on trait inflation. Investors show that beijing is about to roll out more stimulus. And watching oil. Prices falling for six straight weeks. Oil slightly low again. The latest lundberg survey shows gas prices down 11 cents over the past two weeks. That puts the National Average for a regular gallon of gas...
June 29, 2024
David it is shaping up to be a very interesting friday. The stories of north korea. Dollaryen giving at the moment. The moment. T this activity story of cutting ratings in china. Already know. T we basics, the core of the issue is the amount of debt on the chinese economy has outpaced the size of the economy. It might not be the same as back in 2009. To othercompare china developing economies, that should not be at these levels. Downgrade. S haidi are the ratings agencies behind the curve . Peop...
June 29, 2024
And kevin worsht leading the fed but critics say he would be too hawkish. Reporter a little bit of a mix between gossip and news. Ok. As i mentioned, you know, the market here, the equity market were open but the bond markets were closed. I want to pull up a chart and kick us off. It shows you despite the rally that weve seen in stocks in asia as seen as the mici asia pacific index, its still the cheapest in 15 years when compared to the s p. This is represented by the white line. Despite the ra...
June 29, 2024
Set back from the brink, putting independence on hold and calling for negotiations with madrid. Betty we hear often, what are the black swans out there . Perhaps a few months ago you would not have heard catalonia who would have thought this . We have seen Market Reaction in europe in particular to the further independence moves by catalonia. Spain saying this is deferred independence we are facing. I want to show a quick chart to show so far how isolated this is. It looks like it could possibly...