Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after german and french flash pmis miss estimates. Good morning lots to go through today i want to start off with the macro data as mentioned, germany and france flash pmis for july disappointed we got the composite number, the flash composite for the eurozone came in at 51. 5, less than the 52. 2 number for june and less than the expectation of 52. 1 i want to break it down, though. The manufacturing pmi came in at 46. 4, that is again a miss versus the expectations of 47. 6. It is also the lowest sinc
Finance minister. President trump says Jerome Powell and his team dont have a clue. Haidi we saw shery we saw a downfall while the s p 500 was down. 2 of your declines on the s p 500. We have a very strong u. S. Jobs two hundred 24,000, beating expectations. That leading to traders curving back the fed rate cut expectations to the treasury yield, the 10year yield come at least 2 , and equity markets fall from highs. We see futures unchanged at the moment. Shaping upow we are for the asian markets. Could be looking at a riskoff session today with stocks already under pressure in wellington. Some we could see in tokyo. Futures are pointed higher. The Tech Industry navigating japan. The south korean president yesterday moved. 200 is set to lose points, but it is not too far off from the alltime high off of that mark. Checking in on the turkish lira, after falling as much as 3. 5 early in the asian session, we are going to see more action when money comes on long, facing backlash from pres
Pretty much unchanged, but a few stocks are moving quite substantially, including gilead appliances, up, making a 5. 1 billion investment into europes galapagos. Theill be working more on inflammation joes, this is the hepatitis c drug goes away. Broadcom is up one and three quarters percent, that is up on the idea that the broadcom deal may not take place because talks have broken off. City group has turned itself around, the first of the megabanks to report this week. Some good elements come and some less good elements. Meanwhile, one of the major events overnight was chinas gdp growth coming in at 6. 2 for the Second Quarter. For more on the impact of this and of the Global Economy, stephen king is joining us, he is a senior Economic Advisor at hsbc. Talk to us about the china gdp growth number. It is not seem to be impacting markets much. Do you see Warning Signals . Agohen 6. 2 a few decades would be remarkably weak, but by the standards today, not bad. I think that the chinese wo
The globe. And lets do business big tech is bracing for a fresh assault on several fronts activist back at the European Court of justice in luxembourg to challenge facebook in another case the right to privacy law the lost ones or a transatlantic Data Transfer system struck down over concerns u. S. Spies could get access to the new data analysts say todays case could be even. Privacy at the same time u. S. President trump is gearing up for a social media summit on thursday but the main Online Platform on Facebook Says it hasnt received an invitation to reports twitter has exploded the white house says Digital Leaders will discuss the opportunities and challenges of todays environment valley can expect a crackdown. On German Economy minister peter mieris. Tech and trade trip to the u. S. Hes visited tech giant google of maya has criticised the firm for its market dominance its Parent Company alphabet Reigns Supreme on the internet its take a look at the figures last year posted revenues
According to economic scientists, in general, banks play in the economy of ukraine the same role that they issue play globally. Maybe it slightly reduces the number of functions. Settle with each other and even now when there are a large number of different types of nonbanking companies, lets say such as paypal. They are still connected to the Banking System at the entrance and exit the function is the redistribution of funds from those who have a surplus to those who have such a need that translating into simple ee into simple language i want to place a deposit and somewhere there is a company that wants to expand its production, i as an individual do not know how much a good position and the bank has such expertise. I put money in the bank as a deposit, and the bank, in turn , issues loans. Months, and the Company Needs money for three years. And what does the bank do, it takes my deposit after three months, gives it back, and , besides, it leaves the funds with someone else, in this