More than 25 billion come hedge funds last month. The biggest month redemption monthly reduction since 2009. Caroline we have cautious trading ahead of jackson hole. Federal reserve chair speaking tomorrow. Futures down 20 if youre looking at the euro stoxx 50 at. 2 moment futures down if youre looking at the euro stoxx 50 at the moment. I know youre good to be checking other assets. Manus into the calm before the storm. That is a part of the debate will have today. Repressed volatility. Is it qe at work echo stocks in the u. S. Lowest since 1994. Bloomberg dollar index at the top of your screen, up. 4 . We are shifting into they five of the dollar bid zone on that. Underneath that you got crude oil up. 25 . He had stockpiles again. U. S. Suppliers up by 2. 5 million barrels. Greenfield ceo says short crude at these levels, 50. Is it a moment of recovery or more pain echo pain . Growth will be close to zero this year. Olitics is the dominant theme i am or has a sword into 2014 at we ha
Arena in oakland, where the warriors are trying to get the job done tonight but without steph curry in the lineup. Reporter thats right, fans tell me they definitely wanted to see steph curry play tonight but they didnt complain. They say they understand the importance of having him healthy and 100 for the long road to the finals. Make some noise reporter the playoff games for fans holds a certain magic. Electricity, the sound, just the energy of it. A pretty special team to watch the hole season. We drove up from silliness because we want to see the playoffs, you know . s is the first round. We want to see it. Reporter reigning mvp steph curry who made a brief appearance during warmups before the decision was made to keep him out of game two. He had injured his right ankle during the first half of game one saturday. The same ankle he has had surgery four years ago. Wont be as exciting. When he hits those threes, it erupts here but it was to be fun. Reporter curry was on the sidelines
Oil continues to be a concern. The euro is a little higher today. A coalition has it to be fulfilled in spain. We have no certainty on what the coalition will be billed, pushing yields up 17 basis points. We are saying italian income stocks. Have a clear underperformer in the spanish debt market this morning. Were looking at spanish utilities and how they will fair. What will this mean for the likes of the subsidies hydro . Keep an eye on the spanish stocks. Seadrill is down 1. 4 . Due to the up 1. 5 deal from china. Anna its good to david ingles in hong kong. Asian trading session did look much better from how we started out the week. Look at what happened in japan. I know it is down, but it was much lower. At onecloser to 2 or 3 point. Investors picked up where they left off friday. Many equities were drilled down in value in japan. The yen weakened. He overall benchmark closed 5 10 of 1 . A close look at some of these major markets. You can see, mostly bring. Mostly green. They were
Morning. Let us get straight to the markets. We have equity markets around the world under pressure. The shanghai composite is lower this morning. Going for the worst rate we have seen in china since the slump of last year. The biggest twoday loss since last year. Is view from the market critical levels, that would be a 50 retracement from that magical high that we saw two years ago. China stocks headed for the biggest twodate loss, margin traders have cut for the 18th straight day. They are getting out of this market. Back to give you a basis. Let us get to the recording season. It is really kicking in. Let us deal with santander, spains biggest bank. In terms of capital, that is the critical issue for the marketplace. Core equity fully loaded, 10. 05 . The mention is to raise the capital level quite aggressively to match her peers in the marketplace for 2015. They made a profit, a net profit of 6 billion euros. That is the santander capital position. That is the santander net profit