A permanent member of the of the Security Council. A russian veto at the u. N. Security council signals the end of an investigation into the use of chemical weapons in syria. And tendernesses al jazeera live from the house a coming up an Australian Youth Detention Centers ordered to close after shocking revelations of abuse. Zimbabwes military says its making progress in talks with president Robert Mugabe after the army took control. This is about giving hard working taxpayers bigger paychecks more take home pay these are given those families are struggling peace of mind the u. S. House approves the first major tax overhaul in three decades pushing donald trump closer to what would be his first big victory while in office. Russia has vetoed a u. N. Security Council Resolution to extend the investigation into the use of chemical weapons in syria last month universe again its found the Syrian Government was responsible for a chemical attack in her and show her in april eighty people died
Moneygram by alibaba in the buyingest deal to be stopped by Trumps Administration. And north korea is the first to dial in after the border hotline with south korea is reopened the day is here. After some seven years in the making, mifid ii regulations came into effect today the sweeping legislation will touch every part of the Financial Services system and is meant to make the eu more transparent and competitive. Now, the sprawling rules will radically change how assets are traded and how money is managed with investors focused on changes to Investment Research under the new model, banks will have to charge separately for research and Broker Services so someone will be on the hook for picking up the cost. According to the Cfa Institute survey, 53 of respondents expect their firm to absorb the expense. 15 expect clients to pay. 12 expect an equal balance. 21 are to the sure. You can see that behind me in terms of how Asset Managers are thinking about covering the cost of research. The
In a much more muted fashion a techinspired rally. We also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. The one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. Lets look at yields they rose nicely yesterday so it was a proper riie risk ony the tenyear, 2. 46 this morning. Markets around the world asia was nicely stronger yesterday. Today stronger again not quite as resoundingly. We have a holiday in japan today. European boards were down yesterday, about 0. 3 , 0. 5 . Up today the ftse is flat germany and france are up a bit. Lets look at the broader markets. Oil prices gained a bit yesterday were flat yesterday, flat again today. Still nicely above 60 for wti 60. 5 the price this morning. Moving on to the gold price, which was up about half a percent yesterday. Flat today 1316 is the price of gold. Dollar the big question mark over the last c
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called south korea on a hotline that hasnt been used in years. In germany the Unemployment Rate has fallen to a record
Overnight in asia, the nikkei was closed for a bank holiday. If you look at the hang seng and shanghai, both with green arrows shanghai was up by 0. 2 . The hang seng up by 0. 10 looking at europe this morning, a bit of a mixed picture ftse slightly negative you can see both the cac and the dax are trading higher up by onethird of a percentage point each finally look at treasury yields. And yield weve been watching so closely on the tenyear, this morning sitting at 2. 451 . A couple things we are watching watching a lot of things airlines are celebrating the gop tax plan southwest and American Airlines both announcing they will give 1,000 bonuses to employees following that tax overhaul. Southwest specifically announced it will use the tax savings to buy new planes the company saying it intends to reinvest in the business, reward Share Holders and increase its investment with boeing to support future Growth Opportunities. The two Major Airlines are the latest businesses to pay bonuses