Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investors like what they see to get into more detail from the b
We are continuing to see that sickle cyclical tilt. The financials, industrials leading the way higher that is part of this rate sensitivity narrative. We are seeing yields move higher. The 10 year up about eight basis points. That gives a boon to the financials, which are up by 4 . Stocks whichity are only higher by about 1. 4 . Underperforming. I want to talk about the reopening narrative, how that seems to be the only thing the market is focused on. You are seeing that layout in multiproperty small property stocks. Yes, the data still not looking good. Val 76. 2 ail traffic last week. It is better than the 90 drops we have seen. Notre seeing similar, its great, but its better than it was playing out in restaurants as well. Cheesecake factory given update yesterday. The stock is higher by 20 . Opened about a quarter of its restaurant so far and they are seeing about 75 of their business come back. It is lifting some of its restaurant. Higher today. I want to end on the dollar. I dont
Go to. The latest signs of a slowdown in chinese economy leader global report today as chinese exports and imports fall while some speculate that the really condom is even weaker than is indicated by official Chinese Government estimates the latest figures show chinese exports to the United States search largest trading partner and rival for the title of worlds biggest economy falling by 16 percent in august year over year increasing the rate of decline from july is 6 point 5 percent Global Chinese acts Global Chinese exports fell by one percent in august of this year versus august 28th again on the other side of the balance imports to china from the u. S. Also fell in august for a 4th straight month imports from the u. S. Last month fell by 5. 6 percent versus the previous august matching the year over year rate of decline for july meanwhile the wall street journal cited an index from the firm Capital Economics of london called the china activity proxy. It has estimated growth below o
With Geoffrey Hawker of the American Institute for Economic Research anton horwitz above the trading then later. You as were working our way into a serious bear market and maybe its already started. And later we get a video postcard from christiane in singapore where she spoke with her now and International Investor jim rogers about the risks of a coming recession and how singapore developed its role as a Global Financial hub get in were going around the world in just 27 minutes lets go to. The latest signs of a slowdown in chinese economy lead our global report today as chinese exports and imports fall while some speculate that the really condom is even weaker than is indicated by official Chinese Government estimates the latest figures show chinese exports to the United States search largest trading partner and rival for the title of worlds biggest economy falling by 16 percent. Such an august year over year increase in the rate of decline from julys 6. 5 percent Global Chinese Globa
Move with Jeffrey Tucker of the American Institute for Economic Research anton horwitz above the trading later. As were working our way into a serious bear market and maybe its already started. And later we get a video postcard from christiane in singapore where she spoke with for now the International Investor jim rogers about the risks of a coming recession and how singapore developed its role as a Global Financial hub get in were going around the world in just 27 minutes lets go to. The latest signs of a slowdown in chinas economy lead our global report today as chinese exports and imports fall while some speculate that the really condom is even weaker than is indicated by official Chinese Government estimates the latest figures show chinese exports to the United States search largest trading partner and rival for the title of worlds biggest economy falling by 16 percent in august year over year. Year increasing the rate of decline from july is 6 point 5 percent Global Chinese Globa