The greece story would play out. We did see a significant head line in the index in the month of june coming in at 1. 074. Coming in at 1. 08 against expectation. Were looking at highs of 1. 11 against the u. S. Dollar. Lets get reaction from bill oneal from ubs Wealth Management. From the headline number bill this number looks pretty good . Yeah i think its provide something reassurance that a multidollar recovery is still under way in europe. I think the weakness of the euro posed the greek settlement that played a role here. Clearly that to be reflected in green coming through the market for the midyear as well. But i think its important that the market was to have some nasty surprises after some pmi number, purchase managing numbers, of course that did disappoint. We should point out that the ifo has said their june expectations has been revised up to 0. 121. Its also a twoweek i after the ifo. I guess the question is what does it mean for the exporters out there who have been bene
David as we mentioned, market taking a pause ahead of the fed. Where are we . Fx flat. Not a lot of i am right now. Lets take a step back. That is your forward multiple across the group. We put that together with the earnings yield and blue. That tells you they have outpaced revisions upward. E are currently above it gives you yield gap just just above 4 . Open ofes away from the markets. What are we watching . Not very excited about today. Sophie you can smell the caution in the air. Taking bigiding positions as we wait for the fed. The kospi had a session low. Aussie stocks leading laggards, falling for a second straight day. Telecom stocks on the back foot. The currency space, the aussie under pressure, perhaps sliding given what we futureing in iron ore, slumping 10 in the past four days. He dollar is rebounding the hong kong dollar higher. On tuesday, it jumped. Investors seeing a bit of a hangover after yesterdays advance, the most heavily traded day for japanese stocks. Near a t
To stay after brexit. Haidi send in Senate Republicans launching a new health care bill. Anywhere. Uyers chinas most acquisitive dealmakers under scrutiny after 2016 overseas spending. Dont miss some of the big interviews coming up. We will talk to hong kongs incoming chief executive, carrie lam 10 minutes from now. Later, we will be joined by David Rubenstein, Carlyle Groups chief executive. Lets start off with the look at some of these companies doing a lot of business are broad, particularly last year. It got the attention of regulators. Lets bring up this chart and see what the reaction was by hna , fosun, and wanda. 10 billion of overseas acquisitions. Toulators stepping up scrutiny of these prolific buyers. Will there be any sanctions impose . Some people suggesting they may well be. The selloff of some of these Companies Taking place. On thursday. We have that and lots more as we limp towards the end of the trading week. Thats right. If you look at those four companies, accounti
Crisis, or fear of rate hikes, or fear of inflation, or deflation for that matter. It may seem odd to talk about fear on a day when the average is basically me and erg higher for most of the day. Nasdaq edging up thats because the market is in fear of one thing, it lives in fear of amazon specifically the power of amazon over the whole industries. We saw Health Care Stocks rally again today. Every stock in the group of the drugs, biotechs, medical devices and especially insurers and hospitals, which makes me think that they rallied because the bill is written. Looks like it might be too draconian to pass. Theres no universe for the hospitals to make more money under a plan that slashes medicaid and causes millions to lose their insurance still, though, i think the undercurrent, or i should say the undertow of amazon is such a dominant threat to so many consumer related sectors, in a consumerdriven economy, that its sinking whole swaths of stock once again if your companys in the crossh
Rishaad we are looking at Southeast Asian banks. A very competitive market out there. We have new entries to make it even more competitive. Have a look at this. This is a bloomberg chart. As jack ma changing lines of partnerships around the world. 450 Million People have limited access to Banking Services and, buying vying for core customers. We have seen how sales at alibaba have been going up exponentially. This will go up with other internet superstars out of china getting into the action. Absolutely. We are always still watching for that potential ipo, that crown jewel of alibaba. Look at the numbers compared to amazon prime day, we are expecting somewhere south of one billion. 18aw sales of almost billion last year for alibabas day. We are around 30 minutes from the open in hong kong and china. Janet yellens testimony to congress is on everyones mind. We are kicking off Earnings Seasons for the Second Quarter as well. Singapore, taiwan, and malaysia are coming on as well. Sophie t