Tech help to drive some of the , a lot of investors will be watching inflation. It is a chart that were quite there with. The pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2 . And it is a position also held by the minneapolis fed president s neel kashkari. There is a collision course between what was he on the fiscal side of things as well. Address the Spending Plans from the white house. And it is increasingly likely that we will speak about it. What would that overshooting inflation. Queen of the Market Reaction was pretty positive to all the headlines today. The s p up over 1 , the dow adding on another. Nasdaq also higher by over 1 . Volume a little bit lower than what was expected. Stockith some of the big stories today. We had some big stories. Ge was one of them in at the ceo came out and said that there might be liabilities for some of the subprime that the company used to be in
In a at its lowest point quarter of a century. David is watching this carnage. David painful. It is a painful day for investors. On 1 trillionn of market cap that will be wiped off the value of asian stocks just this morning. We do have another big asian market opening up this hour, india. It says a lot. It says a lot when the outperform or is down 1. 7 . Is downutperformer 1. 7 . Shanghai composite erasing its gains on the year. , at one point,up almost 60 . , we are down about 900 points here. Taiwan is the other big market as well. We were down 8 at one point. The biggest singleday drop. Last time it was this bad i do not know which won the oscar best picture in 1990. What was it . The ban on shortselling that regulators have put into place to effect took effect today. We are down 3 for the nikkei. Topix just entered a tight correction a technical correction. You put those two charts together, you have the yen gaining against the dollar. Quickly,markets, very the ringgit and the rup
French election with a decisive win over Marine Le Pen. Rishaad right, we are looking at what is going on when it comes to trade numbers out of china. They should be out in the next hour, about 35 billion, the surplus there, giving us an idea of what is going on with the Global Economy and domestic demand, the intrinsic point for the chinese economy as we see this rebalancing taking place. Seeping out of the country, but it feels like these capital controls are working. Haidi some pretty jerked capital controls. Draconian pretty capital controls. We did see that in the fx reserves. 8392, that pulls together these stories, the yuan stabilizing, the spot rate, and then the monthly foreignexchange reserves. Around 3ll sitting trillion, but that number was much better than what economists were in, but does reflect a capitaluan, stricter controls but stopped money from leaving the country, and arguably a pickup in terms of sentiment in terms of how investors are perceiving how the chinese e
Im adam edwards. Anna edwards. Manus lets kick it off with Credit Agricole in france. Euros, belowlion the estimate of 315 million. The focus is on the french Ranch Network and the focus on mortgages and how much theyve mortgage by french customers refinancing their mortgages. This is a bank that we focus on greekre market after the crisis. The ceo is expanding areas such as Asset Management and record low interest banks have been taking their toll. Downmonth they had a right of the french bRanch Network after a massive mortgage refinance. Consumer swapping their mortgages. The headline coming through on the fund manager majorityowned by Credit Agricole. They will reduce their state to 70 . And they have plans for Capital Increase in march or april of next year. Talk about the dutch lender 70 owned by the government. . 84 and a total dividend for the year, they are happy with that. A capital ratio of 17 at the end of december. Think back to what Deutsche Bank and Credit Suisse are tell
Certainly in the u. S. We had payrolls numbers on friday. Lets look at how the markets closed in the u. S. A bit of a mixed day, shrugging off some of the geopolitical tensions rising in the region and shrugging off the worse than expected payroll figures. That was worth less than forecasted. S p 500 down almost two point. Dow jones and most seven points. Nasdaq down almost one point. Surprising resilience in the u. S. Equity market. We mentioned geopolitical tension. Other moves on friday gold, the traditional safe haven, was up. First lets look at u. S. Defense stocks. Those all rallied. Gold was up one third of a percentage point on the back of safe haven. Brent and wti posting pretty significant moves, their second week of games. Displaying the usual response to jim littell two geopolitical tensions in the middle east. I mentioned safe haven. Lets look at how that played out in the currency market. Upwardsthe yen moving one fourth of 1 . That was little gains. It pared 0. 6 earlier