A slight bid into the back of the bond market. Lots of supply coming on next week. That is front and center, along with the repo market. Time now for global exchange. We bring you todays market moving news from all around the world. From mumbai is bloombergs south brussels, iann wishart. In india, the government unveiled a 20 billion plan to boost growth, including cutting Corporate Taxes to the lowest in asia. Stocks having their best day in india and a decade. We have more from mumbai. Reporter as you mentioned, happy friday for companies. They are a big they are calling it a big bang of sorts. However, bonds obviously felt because they see huge stimulus coming, they dont know where and how the government will fund it. As you mentioned, and yet will be one of the lowest tax regimes , and that could attract a number of Foreign Investors and Foreign Companies as they seek find new venues to set up Manufacturing Companies amid the u. S. And china trade war. I think it has been a very ex
Cash trade is less than 30 minutes away. I want everybody to know there are no circumstances in which i will ask brussels for a delay. We are leaving on the 31st of october. Matt scheduling difficulties. Chinese and american officials failed to agree on a day for their next meeting. Rebalancing the numbers. M s looks seter to drop out of the ftse 100 for the first time in years. Welcome to the european open. Less than a halfhour away from the start of cash trading. Im looking at the pound. This goes back to the beginning of 2017. I see the pound coming down, continuing to drop down to 120 01. Keep in mind, it has not closed below 120 for many years. Just didnt down below there. We are watching closely. Look at futures. Futures, wec, dax are looking at a mixed trade right now. Cac futures are marginally off. Decks futures fractionally higher. Dax futures fractionally higher. European futures looking better than a mixed asian session. Markets come back from the labor day holiday. A littl
Tightening is set to hasten . While disney is said to be near a deal for a big chunk of the murdoch empire as comcast drops out of the race. How will sky shares react . Were less than half an hour away from the start of european trading. Taking a look at futures. We are looking at gains here in the ftse about a quarter of a percent. Much on the continent. It is the oil stocks that are going to be the interesting thing to watch. A big gain, highest level we have seen in 2. 5 years. You will want to watch the producers as well. Gain is due to the crack in the pipeline and the shutdown. Taking a look at treasuries, u. S. Treasuries, if you look at the Bigger Picture is not as interesting. They have not moved that much. 2. 38. We are stuck in a range but it does look like investors are buying treasuries today. They are doing the same with gilts and that could mean they might not be to have the cash to put to use of the equity markets. We will see in 28 minutes time. Anna lets have a look a
Reflecting the snap election in spain. The twoday see chart, down 2 10 of a percent. Look at that wild ride, big drop after the separatists won the snap election. Maybe a surprise to investors. David down less than 2 10 of a percent. Abigail a roller coaster in those two days. David . Now i look other headlines emma chandra has first word news. Emma Congress Managed to give the u. S. Government from shutting down but will face a messy start to the new year. Lawmakers approved a spending measure that will keep the government opened their january 19, but put off action on military spending, raising the debt ceiling and dealing with undocumented immigrants who came to the uss children. The british economy grew at the sinceace in 2013 were well below where they before the vote to leave the European Union. Prices are rising faster than wages. In japan, the cabinet has approved a record 46 billion fund, wanting to improve military capabilities at a time when north korea is becoming more of a
Crisis . Are we there yet . Stay tuned for that. Later on, commerzbank, some good news. Swinging to a profit. It is the Consumer Bank profit that surges. We have got to talk about that. Of course, jpmorgan. Jamie dimon mopping up the stock. Guy corporate buyback. Lets get you up to speed with all of the news and detail. Caroline the reserve bank of australia is giving the door open for further rate cuts. Governor Glenn Stevens told a Parliamentary Panel that the countrys economy has the flexibility for further easing. He said the board is weighing the sustainability. The u. S. , russia, and other powers have act and accord. It demands the immediate delivery of humanitarian assistance to besieged areas. We are doing everything to try to bring an end to this conflict. In a way that results in a ,nified, nonsectarian minorityprotecting, secular, whole state. Dimon spendsie 26. 6 million buying shares of yesterday. That is after they tumbled to the lowest price in more than two years. A so