Operating with the highest cost in the eurozone with a combined return on equity in the 2nd quarter of 0 that low profitability is a huge risk to the Financial Stability of the local economy as it hampers the build up of equity further stimulus thats also unlikely to be meaningful in a country committed to running a balanced budget well meanwhile wall streets rally which has been rory nover expectations of a u. S. China trade deal has stalled after the Dow Jones Industrial average the s. And p. 500. 00 and the nasdaq all finished at record highs on friday stock futures for all 3 are now lower in fact all 3 major u. S. Stocks indices posted highs and the s. And p. 500 registered a 5th straight week of gains on friday but what seems to be slowing things down christine mentioned it just a minute ago concerns about china pushing for additional tariffs to be removed by the trumpet ministration joins us now to discuss this and other market stories is the c. E. O. Of Euro Pacific Capital Pete
Back rhetoric where promises of a breakthrough fell short and talk collapse at the 11th hour looking further ahead this week we can expect to see more fallout amid trade balance manufacturing and Industrial Production as the global trade weekends germany is set to release 3rd quarter growth data thursday and after 2 consecutive negative growth quarters it is expected that germany is technically in a recession the Biggest Issue for the country is industrial output which actually fell more than expected in september dropping 0. 6 percent on the month pointing to ongoing weakness manufacturers which are reliant on exports have also suffered from a slowing World Economy and uncertainty linked to trade and brags that while there had been hopes for a turnaround that hope is fading fast as germanys industry is contract ing due to shifting Consumer Trends shrinking investment spend and souring sentiment despite the slight uptick in september Industrial Orders the reality is structural flaws in
By g. M. T. In terms of countries selling to china and there was no evidence that sentiment was on decline given this is the biggest haul in the history of singles day ali baba looks to be well positioned to weather out the trade war versus its peers with ali baba busy preparing to issue another 15000000000. 00 in landmark share sales later on this month in hong kong a new single day record could help boost demand for shares as well as to lift the Asian Financial hub as it struggles from the continued riots. Meanwhile shares everywhere else around the world fell a monday as hoped for a breakthrough in the trade war between china and the u. S. Diminished after President Trump and washington had agreed not to gradually roll back tariffs early optimism that pushed the s. N. P. To all time high had gone too far and the market should have known better after all this is the umpteenth time that weve experienced this one step forward 2 steps back rhetoric where promises of a breakthrough fell
To post there. And send us a tweet, cspanwj. Also to keep our eye on other news this morning, including Hurricane Dorian and the latest on that. From the dallas morning news, their lead story obviously, at least five dead after more than 20 shot as gunmen targets random victims in the odessa. 20 were shot on saturday when a gunmen hijacked a postal truck and begin shooting randomly in the odessa. Odessa area of west texas. Three officers were among the shot, in stable condition according to the Texas Department of public safety. Michael gertie confirmed that authorities had fatally shot the gunmen whose name was not released. You can read more at dallas news. Com. From the local newspaper, their point of view, their editorial , to rally around the victims, we are all in shock at the senseless violence that touches our world each day and every day, german home on saturday as a gunmen shot five people to death and injured 21 in odessa. The why and the how is still not known, it will all
Shery Narendra Modi under pressure to make good on his promises in fridays budget. Happy july 4. U. S. Stock and bond markets closed on the Independence Day holiday. Lets see how things are shaping up for the asian market. Sophie tgif here in asia and happy fourth to our american friends. Here in wellington, kiwi stocks opening higher by. 1 . We could be looking at a muted start. Samsung earnings day, and we could be looking to extend gains after being boosted by. Emiconductor suppliers in tokyo, we could see potential at thes for the nikkei end of a choppy week. Tvs is the latest to downgrade japanese equities. Paul thanks very much. Lets get to first word news now with selina wang. Na brexit cheerleader Boris Johnson has told the conservative Party Campaign split forat the brussels is key. He warned failure to deliver brexit could split the nation apart. A poll said tory members would choose brexit even if it meant breaking up the united kingdom. British marines have seized and Irani