Deadline of missed another deadline. Its too late to conclude. Thats the last opportunity to qualify for a 30 day review in congress. An agreement after today would be subject to two months of scrutiny. The talks cant be openended. We are here because we believe we are making Real Progress toward a comprehensive deal. As i have said many times, as i have discussed the president last night we are not going to sit at the negotiating table forever. Stephanie the latest disagreement is on the arms embargo. The u. S. As opposed to a wholesale of things. Stephanie negotiations cant be that bad. They are in a luxury hotel. Erik stocks have bounce back from that selloff. They saved the biggest rally since 2008. The composite rose 4 . It was up almost 6 yesterday. The Chinese Government has intervened with a series of unprecedented measures. Staterun companies were ordered to ride stocks. It is hard to reach the heights of minions which opens today. This is one of the biggest Marketing Campaign
The strategy update. Is he going to have issues . Will he have to sell the crown jewels . The market is looking for answers, and we will put those questions to him. Lets get you up to speed with Caroline Hyde. Caroline thank you. Brent oil has advanced about 35 per barrel amid speculation that some of the worlds biggest crude producers will cooperate to reduce output. Bloomberg still says saudi arabias oil minister plans to be with his russian counterpart later today to discuss the oil market. Venezuela may also attend. The era of easy gains the japanese stock market fueled by abenomics is over, according to one management company. It says that as markets become more volatile, people will pull their money. Goldman sachs Asset Management says the worst of the credit market selloff is probably over. It is now waiting for a sign that the situation has stabilized so it can plow cash back into u. S. Junk bonds. Goldman says that once sentiment becomes less negative, the magnetism of yields
Guy good morning. You are watching the pulse. We are right here in london. Im guy johnson. Europes Biggest Investment Bank, germanys biggest bank is racing for its biggest loss and a decade. Deutsche bank could scrap its dividend. Its boosting reserves for legal costs. Sounds like a bad thing. Ryan chilcote here with the details. We got a lot of bad news. It sounds really terrible. But stock is up. What is going on . Ryan the Immediate Reaction was negative. The stock is up. There is a giant competition going on. The balls the balls on the up. K the stock now why . A lot of people saying we thought when they did this announcement we were going to get a Capital Increase. The fact that the dividend is going to take a hit, is a do it is a positive. It increases the likelihood of a Capital Increase down the road. Analysts whonty of think a Capital Increase could happen here it happen. Ryan the second issue is take everything that was happening in the statement to the side, look at pretax p
London. I have a chart here of the shanghai composite index from the last three days. It shows the weakness coming from the asian session. Around this china story. Industrial output is below estimates. All of that initially got the market thinking that maybe the Chinese Government will give more stimulus. But that be a good thing . We are now seeing some weakness coming through. It is moving a little bit lower, the shanghai composite. Lets put that into context. What does that mean for the rest of the asian trading day. Lets get to asia. A precipitous drop here. You showed the charge. Here it is again. Here is the shanghai composite. Check this out. A 3 drop and it has played out over the morning. Over two hours this point. We started the day higher on the shanghai composite and in hong kong which was at one point leading gains across the asiapacific. As investors noted the latest industrial output figure, what we realized is that this picture in china is not as strong as some may thin
The economy. The forecast stabilization in the currency and the stock market in coming months. That did not help the region. Asll, the decline not as big many anticipated. Here is what is happening. The european stock market opened. We have had an number of weeks of decline. Three weeks out of four in the european stock market. Gains in london and paris it gains in italy and the north region as well. Things are not looking too bad. Investors none the wiser until the fes raise Interest Rates after mixed jobs report on friday. The euro and little bit lower today. Money moving into the canadian dollar. Money moving into the australian dollar. If the euro falls this week, it will be the third decline. Do we have an opening price for glencore, ftse 100s biggest decline of this year . Raise 2. 5 plans to billion in share sales. It wants to unload assets, it needs to cut this that pile of 30 billion. It is going to suspend its Dividend Payments until further notice. American up by 1 . Tesco u