Capgemini buys Digital Services firm altran in a deal worth 3. 6 billion euros sending shares in both companies higher. And ecb Vice President denies low rates have hurt profitability of the regions banks and says foreign merger activity is indispensable. The iranian president has hit out at the latest round of u. S. Sanctions and says they will fail. He told state television that the measures show washingtons desperation and that tehran is practicing strategic programs. President trump described the u. S. Penalties as proportionate in terms of a response to irans shooting down of an unmanned drone over the strait of hormuz. He urged iran tone gauge in talktal to engage in talks. My only message is he has the potential to have a great country very quickly he should do that rather than going along this destructive path destructive for everybody. We cant let him have a Nuclear Weapon he says he doesnt want Nuclear Weapons. A great thing to say a lot of things have been said over the year
Coming up. Tom a riskoff mood percolating through the markets. Of course, we had u. S. Officials coming out and downplaying hopes of a trade breakthrough at the g20, and the commentary from jay powell and james bullard, seeming to disappoint some investors who were banking on a 50 basis point cut in july. Warningsay powell said of Downside Risks have increased, but stopped short of saying that cuts are imminent, a nd jim bullard said a 50 basis point cut might not be warranted, going for more like 25 bits in july. We saw equities pullback from the initial fedinduced rally. China also looking in the red, hang seng futures down 91 points. Yesterday, the chinese banks really tipped the market lower here after the reports that they may have been involved in not agreeing with subpoenas when it comes to north korea violations. More on that later on. Moment, 6. 88 at the pretty flat, but Dollar Strength story is percolating through the asiapacific. The bond market continues to see yields goin
Economists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher globally. We could be seeing a scenario of 754 china but looking at how markets do say were seeing slight declines so taking it in stride right now. Maybe a cushion in markets in terms of sentiment. The retail sales print is the lowest we have seen since last december. National bureau of statistics should start their press briefing to give more context. And we have helen chow out of bank of america. W
Before we gavel the hearing in, i would just like to remind audience members that disruption of Committee Proceedings is against the law and will not be tolerated. Although wearing themed shirts while seated in the hearing room is certainly permissible, holding up signs during the proceedings, that is not permissible. So any disruptions will result in a suspension of the proceedings until the Capital Police can restore order. With that, i would id like to call us to order here for our hearing this morning and ask all the members to take their seats if you could. On september 3rd north korea detonated a Nuclear Device that according to news reports was stronger than all of the previous tests combined. This Hydrogen Bomb represents the latest advancement in north koreas longrunning nuclear and Intercontinental Ballistic Missile programs which now pose an urge gents threat to the United States. Moreover, the apparent speed in which these north korean advancements have occurred are challen
Tuesday. It comes a day after the Un Security Council unanimously voted to introduce new sanctions against korea. They specifically targeted natural gas and oil imports and textile exports. This is about 2. 5 hours. Conversation] before we get a full the hearing in, i would just like to remind audience members that disruption of Committee Proceedings is against the law and and will not be tolerated. Is permissible, holding up signs during the permissible during the hearing is not permissible. A suspensionult in of the proceedings until the Capitol Police can restore order. With that, i would like to call us to order here for our hearing this morning. The members to take their seats if you could. September 3, north korea detonated a Nuclear Device that according to news reports was stronger than all the previous tests combined. Representsen bomb the latest advancement in north nuclear andrunning Intercontinental Ballistic Missile programs which not pose an urgent threat to the United St