Motion goes to a secret ballot. It is 8 00 across the emirates. Is a pause for the market andy that we saw in asia the regional benchmark just barely holds onto gains. This is leading the declines. We are seeing every sector there is also a little bit of loss for south bank and they are not able to upset the gains with the earnings and that is a key driver of the markets. The exports missed estimates and guru. We are seeing the renminbi grow has aluminum at its best levels in five years and they are seeing a lot of momentum. Caseurse, that is not the of oil, which is losing ground. Once the weaker dollar feeds into some of this community. You have the meeting and you have u. S. Inventory to look ban watch out for what is happening in terms of oil companies. Futures at 1200 tuesday five dollars an ounce and it is the lowest since march 2016 to spread with the bonds over the it is ahead of this noconfidence vote. What is going to happen . There is a big decision ahead this is local time.
Overvalued is the market extremely dangerous . On a day when the dow lost 205 points, the s p sank 1. 45 , the nasdaq tumbled 1. 3 . The worst day for all three averages since may the second worst day overall this year for the s p, its worth wondering whether the endless parade of incredibly Bearish Hedge Fund managers are right when they say that weve gotten too greedy and too complacent after all, every few weeks some oldtimer comes on air and yells, fire in the theater and today the theater did get seared 200 points is not an inferno, okay but its searing again, look, these statements about the market being too high roll off the tongue too easily i can say it all the time. The bears were sure right today, right . They could be right again tomorrow that doesnt mean they could be right over the intermediate term that i like to think about im no more comfortable with the nuclear icbm armed north korea than you are and im not a big fan of appeasement. But i like Nuclear War Even less, w
The shares plan for new revenue streams. Welcome to bloomberg daybreak europe. I am anna edwards. Breaking news. We are going to kick it off with sony. Sunny cutting their profit outlook two ¥200 billion from ¥270 billion. Y have been plaguing these the movie side of the business. Surpriseto mondays 112 billion yen charge against its film business. That is despite continuing dominance in its video games through its playstation gaming consoles. It has been the possibility that aty could cut the outlook the results of the weakness they flagged at the beginning of the week. How much was that already priced into shares, we will see. The moviest between division and the stellar Games Division has manifested here. We have a bit of banking that is one of the themes that will come through today. This has caused the biggest mortgage game best Mortgage Bank up in sweden. Swedish. On that is above the estimate of 4. 09 billion. That is across the banking sector. Cost efficiency remains the numb
Tot was planning to go modifys decision. Investors. Event that is just one that could multiply in many other cases. An Important Role in our Economic Development not only on the business side, sustained Economic Growth in mexico, i trust that will continue in the future. Thank you for joining us today. The governor of mexico. We will send it back to you. Thank you indeed. The year ahead 2017, a new era for two neighbors. We have a panel for the Economic Impact of desktop in mexico. Also, Erik Schatzker will host a panel and you can watch all of the events on your terminal. You do not want to miss that. You also do not want to miss the equity market close. Lets look at where they are right now. We saw the equities close off for a first a first monthly gain. 1. 1 , a u. K. Wn ftse 100. 8 . We see thepace, dollar retreating a little bit from a ninemonth high. We see a hybrid a high euro. Sterling rallying up. 9 . 12623. We have seen the decline for two weeks after comments from the brexit
The Asian Session turning out to be a positive one. Really picking up from where he left off in the united states. A number of drivers in there, let us focus on them. U. S. Stocks advance for the first time in three days, as bank shares rebounded after we had numbers out of citigroup. They came in and help move the stocks higher. We also have this increasing sense that the fed is possibly not going to raise rates in 2015. Aspects of that stand at 30 . Julie hyman sends us this report. Julie u. S. Stocks rebounded after two days, and they gained strength and really quite a bit of strength as the recession went on. A couple of things in the game, we had better than estimated Economic Data in the morning jobless claims and prices coming in better than forecast. Also, strength of earnings have been driving things higher. On that from, we saw financials performing well. Citigroup came out and Beat Estimates that Beat Estimates, we have seen that trending. We sought trading revenues lag, tha