And, macron reshuffles his government. The European Commission releases its growth forecast today. Manus it is just gone 6 00 a. M. In london, 9 00 a. M. In dubai. Are kneedeep we in phase one. We are kneedeep in a global rally, that is for sure. Half 1 trillion off the Chinese Market yesterday morning. If you have had a 40 leg up in the equity market, what is it that you want to do . Ont chase the rally, they say nejra it is interesting because yesterday, you wonder how much of the rally in Global Equities that you pointed to was actually driven by what happened in china particularly. Of 2015. He bubble you talked about how much was put on in terms of market value. Then you see the nasdaq hit a record. S p 500, five days of gains. As you say, not much really driving that rally. We will get into it with simon allard at the moment. He talks about, is tech in a bubble . Return, a total bubble within a bubble within a bubble, within a bubble. Keep going. Us a people keep telling bubble is
Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,
Economist poll were expecting 54. 2. So it is well north of that. The jobs number well wait for the details of that tomorrow. Im really curious as to what is happening in the employment picture right now. But over the next few days, well get more employee information on that following last thursdays blowout data. But this is a very, very strong number. How did that translate into perception of what is happening with the economy now while Global Equity markets as kaley said, starting to weaken very strongly. The china data helping out. But some investors despite what were seeing, strategists saying the returns to be limited. The c. I. O. Of hedge fund capital is not particularly optimistic. The economy is in a very troubled place. Frankly, the worlds in a very troubled place. The market is across all Asset Classes, the markets are incredibly volatile. The performance within asset class is incredibly dispersed. Thats going to be with us as the Global Economy is likely to move in these fi
[singing] we are waiting for the conference to begin hosted by the Affordable Housing conference of Montgomery County, maryland and we can see some participants, congressmen jamie raskin and congressman glenn ivey getting photos and greeting attendees at the conference that is about to begin. We will also hear from Adrianne Todman the acting secretary of housing and urban development. [singing] maryland, my maryland. Mr. Chesapeake for me and you. All of the orioles will come home too. Some of the participants at the conference are being greeted, taking photos with maryland congressman jamie raskin and glenn ivey joining the acting secretary of housing and urban development Adrianne Todman. This is an annual summit, the 33rd this year being hosted just outside washington, d. C. In Montgomery County, maryland. Ladies and gentlemen, i do hope you enjoyed that new rendition. That was our unofficial state song for maryland. Why is it unofficial . Because, it was written by our very own con
Haidi welcomed today by garth roy im hiding stroudwatts in sydney. Annabelle im annabelle droulers. Shery im shery ahn. The top stories this hour. Treasuries excel off while equities churn as investors digest higher rates and Rising Oil Prices with the dollar extending its climate. Annabelle the largest u. S. Memory chipmaker warning of a steeper than expected loss this quarter. Shery how the new honda ce cash qantas ceo turns around mistrust after being grilled by australian lawmakers. How u. S. Futures are coming online after stocks finished the session mixed. We saw the s p 500 fluctuating between gains and losses to finish where it started. It erased some losses after President Biden touted artificial intelligence. The nasdaq 100 outperforming finishing in the green. We had at micron smiths after hours adding to technology pessimism. Look at the 10 year yield. The 460 level, the slump resuming in todays session. The 10 year yield is over one percentage point higher since midmay. We