Long would it take under reasonable circumstances, to sell the underlining asset . Remember that whether the investor is a Retail Investor or an institutional investor, you dont own the most liquid bit of the fund. You own a socalled vertical slice, or a proportion of all the funds assets. When you redeem in a perfect world, the fund is selling that vertical slice or giving you a price that would be consistent with it having to do that. The first thing is to understand the liquidity. The second is to play with two variables one, the price, the price discount that would be applied if the money is paid out n the timeframea to sell the represented a proportion, and the second factor is to adjust the redemption term upfront to reflect the time it would take to sell. And obviously there are combinations of those two that could be determined. So we have set out these this broad approach, as you have seen described in the report, and jointly with the fca we are going to consult and examine th
Next week. And the central bank competes in foreign currency markets for the first time in three months. Global news 24 hours a day, on air and on tictoc and on twitter. Bloomberg. Live from bloomberg world headquarters, i am shery ahn. Amanda i am amanda lange. We are joined by our bloomberg audiences. The trade ministers from the United States and mexico are meeting in washington today to discuss the deal. Plus bracing for black friday. We will talk to the ceo about what to expect after the thanksgiving holiday. Deisappointing outlook from er. Disappointing quarter. Difficult conditions keep them from replacing much equipment. A quick check of the major averages. We do have gains again today. A combination of interesting and optimistic views on trade. We are still hearing from big american companies. That is factoring in on some of these different indices. We are seeing other big gains and new records as well. Communications is also strong. Industrial and energy and dear is particula
Reporters. Taylor i will take a look at a chart here i am showing which is looking at the s p 500 for the month of december. I know it is only the first day of trading in december. We are off about 0. 8 . This comes after a very good november in which we had our best month since june. If you think about historically where we have been, december 2017, nothing really happened. December of 2018, a big bottoming out. The index lost more than 9 , bottoming out there on Christmas Eve before a big run up which led to the 25 gain or self we have seen gain or so we have seen this year. Is relatively muted. Still early days. We will have to see how the rest of the month unfolds. Called the skew index, the panic index. Last summer, well ahead of the Fourth Quarter volatility, the skew index in white here, highly elevated as the vix index. Stocks took a big nosedive in blue. The vix then caught up. This year, volatility relatively suppressed as the s p 500 going for near alltime highs. Since octob
Slasheed to skash costs and jobs. And in hong kong, police and protesters clash again after a week of relative calm. Shery consumer inflationshery . Year cpi numbers. Growth of 0. 2 percent. But this is missing expectations that we would see a rise of 0. 7 . Despite the missive estimates, we are seeing growth from the previous month when the inflation number was flat. Month on month, disappointing 0. 6 . A contraction of estimates were for a slight growth. This is contraction from the previous month of october. We know south korea faces challenges including negative base effects. Last year in 2018, we saw a higher food and crude Oil Prices Back then. The year on year number remains under pressure so we are seeing growth of only 0. 2 for the month of november. Those expecting thirdquarter gdp numbers out of south korea on tuesday, after the bank of korea kept the rate unchanged. Inflation numbers looking not too strong of the moment. Australia has just kicked off trading. Sophie aussie
Border protection Officials Say that they encountered about 52,000 migrants at the border last month, down about 65 in may of one of 44,000. President trump had threatened to impose tariffs unless the country helped to stem migration. Bloomberg has learned the u. S. Is moving ahead with talks on restricting capital flows into china. There is particular focus on limiting chinese stocks and u. S. Government pension funds. The u. S. Supreme Court Appears to be divided over whether federal law protects gay employees over being fired because of their sexual orientation. Todays hourlong session suggested that gay rights advocates had the chance to win the votes of conservative Justice Neil Gorsuch along with the four liberal members. Separately, the court is considering whether the main job bias law, known as title 7, outlines lgbt discrimination. Global news, 24 hours a day on air and tiktoc on twitter powered by more than 2,700 journalists and analysts in over 120 countries. I am Mark Crum