We will have exquisite interview with the chairman and founder of Colony Capital, tom barrick. We want to check in on the markets. Jon is taking a look at the turkish indices and the turkish lira. Jon equity markets are down 5 . Not reflected elsewhere, you can see markets in europe fairly stable, the ftse outperforming, a third of 1 . There is a big move there. There is a 40 premium offered by softbank or that deal look looks like the ftse gets a nice little lift. Market, the turkish lira, a big move. Slightly stronger in todays session. But that riskoff tone not really reflected in the fx market, it is a weaker japanese yen story. We trade at 105. 62 on the session. In the bond market, this is where things get interesting. Last week, an ugly session for treasuries. Ields up 20 basis points again today, you see bond yields inching higher on treasuries. In the commodity market, slightly softer. 47. 36 is how we trade on brent. Alix there is news concerning lending club. Chiefk dunn wil
Thate seeing signs drillers are fearing a slump in crude prices. Hot property, china june home price data will give us the latest look at how the wider economy is doing. We will break those numbers down for you and 30 minutes. Follow me on twitter. Dont to forget trendingbusiness. Get underway. Ets singapore and malaysia have just come online. , that is theg short of it. It is a very unexciting day so far. We are looking for the next catalyst. Frosty,ns looking multiyear highs for some. Asia mixed. Basically flat on the msci. Blames are quite thin, especially in australia and center 30 thinner. We are looking at the drop in the kiwi dollar. We were looking at gains postturkey into early this morning, then inflation data came out. 5 , but therer is the drop their, a 1. 3 drop. Once the data came out, the a 62 chen chance chance that the central bank could cut rates. As far as the markets are concerned, this is one of the least exciting at the moment. Angie not even a coup will shake thi
Impact Investor Sentiment . He market is about to open and an arm and a leg. Japans softbank pays 32 billion for arm holdings. Is this a big bet on the internet of things and or an opportunity for currency trade . We will discuss that. Not 29 minutes away from the European Equity market open. Looks like we are going to see a reasonably positive start today. Over to the bloomberg and the wei. The fair value calculation tells us we will probably be of 3. 5 . A big premium being paid for arm holdings. Phenomenal move. We will dig into that m a. Assete see m a across classes . The pound is so much cheaper, particularly when you compare it to the end. The lira rebounding today. The dollar is lower versus the turkish lira. Breaking news that turkish stocks have opened and they have fallen. Turkish airlines, the tourist industry being particularly hit. U. S. Futures up. 3 . Money coming out of the yen. No need for that haven and no need for gold, either, it would seem. Part k aversion sparked
Steal from Donald Trumps limelight . To theead straight markets desk. Julie hyman has the latest. Julie we had a record last week for the dow s p 500. Then on friday we saw a little change. The s p only up one half of a point. Little changed as well today. A little bit of a drift following the game last weekend following the records for the dow and the s p 500. We will see if things gain a little more direction as the day goes on. Take a look at the map, you will see what exactly is going on. Half green, half read on your screen. Energy shares and materials are the biggest drags on a major averages. Tech and utilities are gaining ground gaining ground. Energy shares, as i mentioned, the biggest drags through. Oil prices pulling back today and Energy Stocks are going along with them. Oil nearing 45 per barrel on the downside. Here are some of the Biggest Energy declines by percentage. Offshore and murphy oil all falling. We were talking about the big armed holdings deal. Softbank to acq
Manus you are welcome to the pulse. Good morning, i am manus cranny could we have a lot to digest, not least a coup that went and came. It was quashed. It happened in turkey late on friday. We got the lira, stocks and the deal of the day which is arm on your board. Tocks in turkey, down 3. 5 you are seeing this index down the most in almost three weeks. You are seeing this real risk aversion. Recovered froma one of the most demolished emergingmarket currency trades. The dollar lira at 2. 94. What you are seeing is a shift. Where will we go next . It go tolmost see around 2. 90. Goldman sachs says they reckon it will weaken. You are seeing this big turnaround. The demolition that to go way thats effective place in the currency on friday dropped nearly 5 . We crawled back 50 of those moves. 43 rally, softbank buying arm holdings. Premium. E, a 43 we are bang on the money. The market seems to be pressing no other contender in the wings at the moment. Lets get their first word news with ne