Of the table despite market expectations. Well talk Central Banks in the reason why hans is in frankfurt. Jpmorgan trading revenue dropped 20 this year amid the global rout. But the bank is gaining share in europe. Is this bad news for Deutsche Bank . We will talk about that during the next hour and a half. We are a half hour with the European Market open. Let me show you the fair value tech elation we have this mark. Fairly flat, i little bit of civility may creeping back into these assets after some fairly big days. You can see london just a little bit higher. Let me take you through some of the other assets you need to know about this morning. Pound thatg at a is back above1. 40 but has gone below that overnight. If youre on the bloomberg, go check it out. It is a great story but where economists see the pound going. Dollar yen continues to move. You could see in overextension of the fed doesnt hike. You could to the move all the way to 1. 05, what would that do to the japanese econ
Worldwide exchange on cnbc. Im sara eisen. And im wilfred frost. Lets bring you up to speed on the markets. About the best trading day for the last three weeks for the major three indices. Yesterday, we are expected to give up the gains. Dow low by over 100 points. S p by 12, nasdaq by 31. Looking at just 0. 5 declines for each of the three major indices this morning. The tenyear note in the u. S. , were looking at a yield of 1. 82 . News to catch up from overnight in asia, Australias Central Bank cutting interests rates to an alltime loaf 1. 75 . This is the rbas central bank easing in a year. Policymakers there say wage growth. Decision was not expected by all. 50 of economists look for the move. The aussie dollar as a reaction fell sharply on the news. Though, i have to say, we warned you three weeks ago as we saw that deflationary measure out of australia thinking they are going to ramp up easing again. Some some people are expected as you can see by the move, not everyone is expec
Growth and uncertain growth. The aussie dollar is falling sharply on that news. Australian stocks, on the other hand, rallying more than 2 on the news. In asia, japans markets were closed for the Constitution Day holiday. Chinas Managers Index shrinking to a 14month for its 14th month coming in below forecasts. A bit of a mixed picture. Shanghai compost up 2 . And hang seng almost the lower. All eyes on . Yeah, go for it. Moving forward, in pretty negative territory. And germany is lower than 2. Ftse lower than 1 . Italy and spain off by more than 2 perhaps because the eu trimming its 2016 growth forecast to 1. 8 from 1. 9 . Its 2017 growth forecast from 1. 9 to 2 . Also cut Inflation Forecasts despite their efforts to do Everything Possible to try to lift inflation. Watching european financials, ubs reporting a sharp decline in management wealth business. Which was supposed to be all the european banks going into wealth management, they were going to be smoother when it comes to their
A collapsing economy. And the price of crude climbing a bit higher leading Energy Stocks into the green. Meanwhile, the saudi arabia minister says the country wont slash oil even if nonopec countries do. And the ceo of airbus says they will boost the entire Aviation Industry as it rolls back the first age of a350s. This is a big success of our market. And well address a market of 5,000 and well get more than 50 of marketshare with every 0 50. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And the top story continues to be sony. President obama is moving to prevent u. S. Anger at north korea from getting out of control following the hack attack on Sony Pictures. Pyongyang has denied involvement and vows to hit back against any u. S. Retaliation. Now, the president tells cnn one option to punish north korea could be to return it to the u. S. List of state sponsors of terrorism. But he says the sony act is not and act of war but cyber vandalism. Were
After insurance company Achmea has also reached a settlement to buy off damage claims, the file on the usury policies can soon finally be closed. Claims organizations have also reached a provisional arrangement with insurers Reaal and De Goudse in recent weeks. This puts an end to years of litigation.