What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of
90 minutestes ahead from the close. Mark stocks a bit lower today, little changed, down by. 1 . They were higher by. 1 a little earlier. The president stepping back from this immediate declaration of independence. Lets get more spain centric, this is last monday, one day after the referendum through to today. Losses at 4 , now down just 1 for the duration. The ibex marginally lower for the period, investors responding to whats been going on in the last 24 hours, as they are with euro, which is up today for the fourth day. Catalonias president stepping back from that immediate declaration of independence from spain. The spanish Prime Minister stepping up pressure on catalonias government to back away from independence talks. That could lead to the assertion of direct control from madrid. Analysts forecast the euro will end the year at 1. 18. The most bullish at 1. 26. Pnc financial has a 1. 07 forecast. Those are the two ends of the spectrum. Yields in the 10 year the aftermath of the r
Complicated chemistry. Shares in actelion hit bottom of the stoxx 600 as a report suggests the swiss biotech firm is considering a deal with Johnson Johnson that would allow it to stay independent. No liftoff for lufthansa. Shares sinking lower after the german airliner faces a setback in the courts in its bid to block yet another pilots walkout. You just saw steve there. Well be crossing straight out to him now. Opecs Technical Team is said to have failed to agree to details of an oil output deal. Those reports are having a knockon effect on prices. Slightly lower. Not a huge reaction but pulling down a tad. Off shy by a percentage point. Steve people are saying the market is pricing in were not getting a deal this time. I would probably disagree with them, which is not a rare occurrence. I think the market is beautifully priced to go either way. Lets look at the recent history. Doha failure earlier this year, algiers, a degree of success in september. When the market didnt think ther
Pretty much at the highs of the day. We will be following the instant reaction in the markets to what the fed chair has to say about the path of Interest Rates. Steve, thats where we begin. Does the fed chair come out and definitively kill june . I dont think so. They never definitively kill anything or definitively green light anything. But common sense would say that they are going to wait until they see at least another months numbers because that number was so bad, they cant go at this point. So look, theres good news, bad news. The good news is that they will wait. The bad news is if its a real number, and we see that trend continue, it means the economy is falling back and thats really bad news. Pete, what does the trader want to hear today . Well, they want to get a little more clarity. All weve got is this job, job, hey we will probably do this, the economy looks so great its now also last week, on friday, everything changed. All of a sudden we start seeing these numbers that a