Harker boosts the buck. The Philadelphia Fed president says he will not rule out that rates next month. Welcome to the program everyone. A halfhourthan away from the opening to the trade date this tuesday. Looking pretty flat on the euro stocks 50. , possibly one of the weights on the ftse 100. One of the equities that will be weighing down that particular benchmark. It is been a week performer in the hong kong session. The dax seeing a little bit weaker and the cac keeping its head above the water. Let us pull out some of the interesting moves. Over on the side we have commodities with iron or making another move higher. Highe touched on another overnight in the Asian Session for iron ore futures. A productionning cut. Of some key political gatherings and that is boosting Commodity Prices. On the left, we have the Foreign Exchange markets. We have some decent sized moves in the new zealand dollar. The bloomberg dollar index is up 0. 3 . The is harker boosting dollar headlines. Here is
From thelso hear former ecb president. Europes Economic Performance under the microscope. Looking at how costly of brexit could be for investors. And the latest on from versus clinton. Lets started off with the rush into Government Bonds winding no reversing today. Where we are with prominent investors and where we might be going. Was here, which brings the question if we are with heading into negative territory in the u. S. . We are seeing record lows, as. Ou say to fea everybody is buying bonds. If everybody is in the same trade, the potential for disaster decides to get bigger and bigger. Bad job report, you buy treasuries. Find a safe place to park your cash until you know what is going to happen. Moving intorybody the bond market, short term paper is becoming more expensive and harder to get. Investors are being pushed out the yield curve. We have the impact on longerterm bonds. The citibank macro risk indicator, how concerned people are about where things are going short but thel
Welcome to countdown. I am anna edwards. Manus i am manus cranny. It is a big day for the bank. Hsbc profit falls 545 . We have seen the stock open portrayed in hong kong. They are planning a 2. 5 billion buyback. The removed the timetable. The headline, pretax trough it 3. 61 billion. Last year it was 6. 6 billion and the estimates were for 3. 9 billion. A recession potentially in the u. K. Impacting hsbc. If you want to think about it on this scale, since 2011 they slashed 87,000 jobs. That is a bank in restructuring. Downng in hong kong, 0. 75 . Anna this is from the thirdlargest bank. Net profit for the Second Quarter is 1. 1 6 billion euros. That is above the estimate of 994 million euros. The bank also telling us the gain they have made on the sale of euro state. That bank went deal went through. Many banks booked a gain on that. They are all but facing headwinds from the low Interest Rate environment. What will be key as we go through these numbers is the bread and butter of ban
About the potential market impact. Togan stanley says you want buy a dollar papal calls that. David i dont think people are taking donald trump seriously, and its really getting narrow. Jonathan do you just go to cash in setback and we do see what happens . If you could pick a winner at this point, what happens after . Theres no consensus. David it also have to do with congress, whether it is split or unified. Alix we will follow this through the next three hours. And the one event oil traders have circled on their calendars, wednesdays informal opec meeting in algiers. Francisco blanch and Vice President of ihs dan juergen. Starting off with the markets, is decidedly risk off in the debate tonight. You may look at equities and europe. The banks of men actually hammered and the flashpoint is on the dax down by 1. 5 in frankfurt. The biggest loser is Deutsche Bank. Another record low for the biggest bank in germany. Some speculation on what that means to the bank Going Forward. Are we r
Well to coordinate efforts and i think there will be support not only from frances allies, but around the world. Terrorism is something that many governments. I think this support, especially the support is what you can expect to hear. Alix i want to update you in terms of responses. We are now hearing from jeanclaude juncker. He says, we stand in full solidarity with the people of france. He was removed from a soccer match. The paris mayor is at the hostage scene right now. We will keep you on those headlines as well. Alix Mark Crumpton also looking at all of the headlines. Alix, scarlet, joe, we would like to alert all of our viewers and listeners to the violence in the french capital. The Associated Press reporting 35 people are dead during multiple acts of violence in paris. A restaurant, explosions near a sports stadium where a match was underway. Police say at least 11 people were killed and the restaurants, while another 15 were killed in a theater grid at least 100 hostages wer