Im Caroline Hyde. As we were just saying, we are getting breaking numbers from allianz. Just to run you through some of the numbers, the outlook is confirmed on the upper end of the range. This is the number one european insurer, confirmed its fouryear forecast. Of 2e getting net income billion euros, ahead of analyst estimates. The operating profit came in at 2. 84 billion. We are looking at property and Casualty Insurance at 11. 8 billion euros. We will get much more on these breaking numbers with hans nichols. It looks as though the insurance side of things, hans, is missing a combined ratio, that we are seeing better than expected numbers from a revenue perspective. Hans yeah. This that income is a big beat. It is coming in north of 2 billion euros. On that front it is a big beat. When you look at whats happening in insurance, there havent been many natural asasters, so they could have little upside, although it looks like the insurance number is down on the property and casualty.
Good gains across the board. We are having a look at what is happening and bringing up 5120 if you are a bloomberg user. Asian stocks going toward their best year since 2009. Asiapacific stocks outperforming globally speaking, the turquoise line, with europe doing well as well. And the american equities market looking like that. So over there come all of this is in u. S. Dollar terms. And this comes as fastgrowing market like china and india move, but each of these have the potential political crossroads. Some might say a high be to place. If they can go up. If that does happen, it could result in a cute pain accute pay for asia. This coming through for some of the market parties out there. Just under a half hour before we get underway in hong kong, but startinguala lumpur their session. What have we got . No pain so far with the asian equity markets, busy with success, that was the title of the chart you showed us. Checking stocks on wall street, good vibes putting asian equities on c
Discussed 8 00 a. M. We are two hours away from the open of asias first major market opening for the trading week. Betty it is already after 6 00 p. M. On sunday evening in new york. We are kicking off to what will week ony adventurous wall street, a lot of focus on President Trump who has wrapped up his trip to the middle east, on to israel, or in israel soon and into italy. That will likely be the key event investors are watching for. Also watching for economic numbers coming out including housing in the u. S. Lets roll up what happened on friday as you were enjoying the weekend in asia. You did see quite a nice rally, sort of a bounceback in the dow, the s p, both of. Up. Still on awork losing streak, given the big tumble we saw. This as markets certain to price in the uncertainty from washington. We will see. This will be a key litmus test for how investors will absorb continuing uncertainties out of washington. Haidi that is right. It feels like we continue the misadventures in th
We speak with the Prime Minister later in the program. , wherehello, from sydney it is just past 6 00 a. M. Trading at the start of a brandnew week. Betty we have a short trading week in the u. S. , sunday evening just past 6 00 p. M. The markets are closed for memorial day. We will take all of the action on friday. Look at how it will affect the asiapacific trading day and the u. S. And in particular the big jobs report. That is something to watch. The fed meeting as well, u. S. Pretty closed on friday much mixed. No one taking any big positions ahead of the long weekend holiday. Bit,o wake us up a little we had reports of another missile being fired by north korea. That happened at 5 40 a. M. Local time, launching a missile that zone. Nto japans economic this is according to the japanese officials, also confirmed by south korea. In the meantime, south korean officials are convening a National Security Council Meeting at 7 30 a. M. We have seen this and reaction to multiple missile th
Control with voters in his party on track to a sweeping majority in the National Assembly. The nasdaq selloff turns into asia trading as Goldman Sachs warns at low volatility may be blinding investors. Until the start of the cash trade. Lets take you through the future boards as they stand at the moment. A lower are set for opening come pick up late on friday. You saw the Technology Part of 1. 8 , appleropped. 34 , alphabet, thats whats driving these markets lower. Ofis this leveling in terms understanding of volatility. Samsung also sold off in the asian market. Equity markets are set for a lower opening. Lets have a look at gmm. India offight by 1 , by half percent. You see that through the asia equity trading. In the currency lock, you have an interesting day shaping up. Note major move on sterling thus far. Canadian dollar slightly firm. The euro is up by an eighth of a percent, 112. 05. We had the Federal Reserve and we have all to blame in terms of sterling risk. We will talk abo