Another financial crisis in our lifetime. We have the world covered on daybreak asia. We go to San Francisco and the followed from the cyber fallout from the cyber attack. We go to shanghai on the growth of the internet of things. Asia. S daybreak im in new york, where it is just after 7 00 p. M. We are in for some central bank speak. What an eventful tuesday, right . First it was mario draghi a bit more hawkish when it came to inflation. Then the selloff fueled by janet yellen talking about rich valuations in the market. Betty you used to not be able to get anything out of these central bank chiefs, but now they wont shut up. Particularly janet yellen and her talk about valuations getting more rich. That also sent some of these tech stocks tumbling, dragging down the nasdaq. We will talk about that in a few moments. Yvonne that is right. A lot of jitters when it came to tech. Alphabet slapped with a record fine from the eu. We will look at the cybersecurity attack we have seen that ha
The zune the ballot will be held secret. Chinas trade gap widens for a fifth month. Is there anything President Trump can do about it . Matt i want to answer that question, but will value we are less than half an hour from the european open. Futures trading down this morning after a mixed close yesterday. Not much direction in markets the last couple of days and not a lot of direction, meaning futures are already, but not really significant drops. The asian pack down, as well. Booms threeday chart a little, in bunds, gain in yields and today it looks like we are coming up from the open here just a little bit. 0. 462. We have been in this rage with bunds a quarter percent to half a percent. We will see if we can get change in direction. What are you seeing on the gmm. Guy we have got the german trade surplus widening, but the chinese trade surplus widening out. That is something to Pay Attention to. In terms of markets this morning, solid session yesterday for emerging markets, todays s
Will we extend gains and go into tomorrow or break below . Im sure you are skeptical of those opec headlines. Alix never going to happen. Scarlet when we came in today, the setup was so grim when you look at european markets. I checked to see which of the National Markets in europe was down and up. The only one that gained was kazakhstan. Are at the lowest with the europe 600 since october 2013, london since july 2012, paris at the lowest since july 2013. We also saw the dax fall below the 200day moving average. This index is teetering on a bear market. You can see it is well below that 200day. Bank,n point to deutsche commerzbank, all the banks a drag. In the u. S. , one of the worst losers is boeing. Probe, notg an sec helping stocks. Joe a very interesting day in the sovereign bond market. In europe, bond yields starting to surge. Here is a chart of the price of the portuguese bond. To 89 as the yield surges. People are concerned that the socialist government is going to backtrack o
Morning. Welcome to countdown. It is 6 00 a. M. In london. Lets get those numbers from Credit Suisse. In the beating estimates Third Quarter. That is the take away here. Coming in better than estimated. That is more than doubling against the previous year. More trading taking place. No surprise that is a theme. They have seen a mixed start to october and advising everyone to look through their capital ratios. 9. 8 percent at the end of the first quarter. Activity benefiting from increasing volatility. Notember is a feature among october. We will have to see how that turns out. The five top u. S. Banks and their combined revenues were up two bloombergng intelligence. Critics will it last . Structural is a problem, not cyclical. Credit swiss has visibility. I am talking about litigation visibility. Last week Morgan Stanley released a report saying barclays, ubs, risk is ahead of them. Ubs was 3. 1 billion and credit swiss 1 billion and barclays 10. 2 billion in provisions. That is the es
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