The press. Shes saying the dialogue could resume but shes saying the stop. Ue needs to she asks the republic whether they want to see hong kong full abyss. E pretty Strong Language from carrie lam. She says hong kongs economy is suffering further. Of course, shes already warned about the impact on the economy. David . Yeah. Dialogue can only resume after all the violence stops, which is line from what we heard from yesterday. Uptodate on everything she mentions here. In the meantime, of course, lets have a look at the damage far. Hang seng index down. The politicaling turmoil spread. That chinaat shanghai composite down, thats of thatgesting some gross falling to the Second Lowest this year in july, reflecting weak demand in china. Possibly more stimulus from the government to juice that economy. 6 . Hang seng down almost 1 hong kong stocks under pressure all morning with the airport to a standstill, even though things are starting to come back online. Those airline better. Et mcci, do
Etf instead. We drill down into homes. Love them or hate them, etfs are here to stay. Flows into etfs signal a broader shift. Eric is here to talk about what he sees. Eric we have been talking about the great summer we have been having. You can forget that. They saw 25 billion in the past week. That is a monster amount. We have seen a couple of bad days. A lot of the money that came in, we said it was trading crowd money. That is very fickle money. 13 billion out of spite. And that will be the second workweek that holds up on record. A lot of this liquid stuff. This is retail. A lot of it is the etfs an institution would use in place of futures. Lets see if anything is doing well. Two things stick out. You have some of the retail money hanging tough. Ivv and vu taking in money. It takes a lot to spook them. You have a little bit of hedging. Usmp, a huge year. Gold has been slowly building up a mass of flows. Lets look at gold with summer. You can see how much money has been coming into
The french carmaker grapples with the auto market slowdown. This follows as nissan reported a 99 plunge in profit. Plans to carve out phone towers into a separate unit and will consider an ipo to cut that. Plus, delay delivery. Amazon forecasts income below expectations. Alphabet and intel jump in late trading after beating expectations. Good morning. Matt good morning to you, less than a halfhour hour to the start of trading. Take a look at the bunds. This is something i was talking about. You saw a reversal in the bond yields. As we were heading into the ecb meeting, yields were coming down. Investors were looking for the possibility of a cut. Then we interviewed the german finance minister where i circled in red. And you saw but yields go up again. Thats because he says there is no crisis. He sees it coming back to the economy once these manmade problems, as he describes them, are solved. Meaning once the char not u. S. U. S. China trade war is over, he sees it coming back to german
Stronger level than expected hours after the u. S. Tax beijing and fx manipulator. Stocks shaken. Chinas intervention helps asian equities reduce losses and wall street higher after the worst drop in ae date year. And cutting the session in the u. S. Could the 50 point fed cut come in midseptember . Good morning. Matt where less than half an hour away from the start of european trading. We are less than half an hour away from the start of european trading. Coming down to the the lowest election. E the 2016 the bounce back recovering up to 1. 75 at the moment. Take a look at futures. We saw a earlier bigger gains in futures and then we see then we saw now. U. S. Futures are rising fairly substantially. Dax futures are up. 2 of 1 , byure as ftse futures down. 25 of 1 . What else do you see on the gmm . Yuan suggesting that fixing and working out with a they want to bounce this morning or in europe. We did see losses in the asian equity session being pared back as a result from china fixi
Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t