Washington says the meeting was constructive. Joe biden is the front runner of the democrats second night of debates. Breaking news out of south korea. We are getting cpi Inflation Numbers missing expectations for the month to month. It is contracting 0. 3 . The second month seen cpi inflation in south korea track in the negatives. In expectation of prices to stay flat, but we are seeing deceleration monthtomonth. Year on year, it is also a miss. 0. 6 tion accelerating instead of the expected 0. 8. Also deceleration from the previous month of june. Year on year growth of 1 acceleration of core cpi year on year. That is a little above expectations, but the numbers that matter, monthtomonth and year on year are missing estimates. Monthtomonth deceleration and deflation for a second consecutive month. We have seen pressure given oil 14 es, brent crude was down on average. This could put pressure on prices. We still have to say, very well below that target of 2 . Lowerven after the ok thei
Allnight meeting. Tsipras agree to spending cuts and tax hikes. Greeks will have to transfer 55 billion of assets to a Holding Company that will try to recoup money in order to pay back the europeans. Among other things recapitalizing greeces banks. Angela merkel says it is time for greece to take responsibility. Chancellor merkel trust has been lost. We all know that paper is patie nt as we say. What will be important is to implement what we have agreed on doing tonight. Erik the attention shifts back to athens. Tsipras party may need over the weekend when he asked them to endorse and austerity program. They will have to approve the program in principle. Toning down the optimism on a deal on Irans Nuclear program. Earlier there was talk a deal might be announced today. Negotiators trying to make sure iran is not able to build a nuclear weapon. Matt a takeover and consumer goods jarden has agreed to buy Waddington Group in a deal valued at 1. 4 billion. Jardens brands include sending a
Thank you for joining matt and i are it is great for you to join us. He decided to do this. Titan you decided to do this en it up. Ight phone. Good to be on the i think we need to start one madeaack and understand nordea a. Footprint andic with the size we have, we have felt the only way to develop the bank forward is to be in a Regulatory Environment or regime where we have correct ability, stability and level Playing Field. And that is what the banking gives us. They are some savings that we have highlighted on resolution fees and alike. There may be a capital impact which we are not speculate yet because i think it is too early but i think the key has been the one i mentioned it would want to be in the environment and. Reating nordea we have one way of creating. Factor. Been the driving manus that has been the driving factor. Everybody is writing their notes that you have broken this newest. They are talking about your capital and the propensity for dividends. I want to push you mor
Pretty amazing considering everything we got going on, not a lot happening for the major averages. Mixed trading action, similar to yesterday. The nasdaq off of its lows. If it finishes down today, it will be the first today slide in the week. Two day slide in a week. Lets take a look at the big earnings movers and the reason why the nasdaq is down a bit more than the s p 500. We are looking at tesla, facebook and semantic symantic. Tesla down sharply, down 5 on the model three update. Elon musk says they will be making 5000 cars per week in march. That is pushing that out three months, causing questions from investors. Plunging 9. 5 . They cut the fullyear view. They need to move more toward the cloud. Heres one winner, alibaba up 1. 7 . Thes beat by 6 Chinese Consumer is very strong. Lets see how alibaba is performing relative to the u. S. Internet companies. On the bottom, we have all the saying stocks, up between 25 and 50 . Alibaba up there in white, up more than 100 , tencent rig
Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But