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Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and t ....
Anna a very good morning, everybody. This is bloomberg daybreak europe. Lets talk about what happened with the Technology Universe and tech stock and into the asia session. Msci asia down, mixed trading but the overall sentiment is one that is negative as some of the Technology Stocks weakness we saw in the u. S. Falling through into the asian session. Fascinating to look at how the session developed yesterday. The markets inching higher early in the day, talk from janet yellen of broadbased growth and then tax cuts coming, lets sell some of those Technology Stocks. That seemed to be the realization that was going on in the market. I know you have more on that. More than 7 billion being lost by tech moguls. Nasdaq futures look to be flat at the moment. Well keep an eye on that for any followthrough. The pound ....
Are trading now, under 30 minutes until the finish of the friday session, stocks riding after a fourday drop. All of these currencies gaining against the dollar. Hitting a boost from the jobs report. Euro is up by three quarters of 1 . Sovereign. Odities, i want to talk about the big election that is taking place next week. Traders tend to increase hedging before an event such as an election, sending expectations for equity volatility high. This is not the case for next wednesdays dutch vote. And investors in the netherlands appear to be a bit more concern about a strong showing by euro skeptic Marine Le Pen in the april 23 French Election than politics and their own country. The benchmark and the netherlands is up by 6 this year versus a 3. 5 rise in the european benchmark. The best performance of the ax, axonal bell, unilever, they have been boosting boosted by takeover. Th ....
Group rising on the stoxx 600. Helped in no small part by yesterdays fed meeting. Still, the stoxx 600 is a low the close of june the 20th. This is the big piece of macro data. Business confidence sinking to a four and a half year low in the days after britain voting to leave the eu. Sliding to six in the wake of the record random referendum. The lowest level since december of 2001. The height of the european sovereign debt crisis. This gauge fell to 33 at the height of the financial crisis. The first negative reading since july 2012. Lets focus on u. K. Property. Have u. K. Property funds frozen withdrawals this week after four more joined the list. To dump realking Estate Holdings in the aftermath of the brexit vote. These are how Asset Managers and companies have fared. Declines of 8 to 23 . Be beingortugal might hit by eu sanctions. An unprecedented step to break budget ....
Lets go over to the markets desk. Julie hyman has the very latest. Julie we are seeing stocks andback after the gain the streak we have seen in u. S. Stocks over the past four weeks. We have the fed meeting coming later this week, so there is a lot of talk about what that will bring. The decline today can really do to be tend on what is happening with oil prices. The Iran Student News Agency reporting the Iranian Oil Minister says we will Freeze Oil Production not until we raise it by about a third. Iran is not willing to freeze production until its production is more in line of what it was historically. 36. 85. Down we are seeing the big cap Oil Companies take a leg lower today. Also not helping oil today is the recovery in the u. S. Dollar as ....