Thank you for joining matt and i are it is great for you to join us. He decided to do this. Titan you decided to do this en it up. Ight phone. Good to be on the i think we need to start one madeaack and understand nordea a. Footprint andic with the size we have, we have felt the only way to develop the bank forward is to be in a Regulatory Environment or regime where we have correct ability, stability and level Playing Field. And that is what the banking gives us. They are some savings that we have highlighted on resolution fees and alike. There may be a capital impact which we are not speculate yet because i think it is too early but i think the key has been the one i mentioned it would want to be in the environment and. Reating nordea we have one way of creating. Factor. Been the driving manus that has been the driving factor. Everybody is writing their notes that you have broken this newest. They are talking about your capital and the propensity for dividends. I want to push you mor
The stoxx 600 is down for a fifth consecutive day. Worst losing run since september 4. This is a weekly decline after two weeks of gains. The german 10year yield is up to 18 basis points. The dollar is falling against again. It was rising earlier. Fellmer prices in japan for a seventh month today. Household spending slumped. U. S. Gdp data expected to increase. Oil is falling for the first weekly drop since september as the Opec Committee meets in vienna to discuss output quotas for members participating in an agreement to cut production. This is my chart of the day. Yesterdaysr strongerthanexpected gdp number. Theres a greater chance of the boe raising rates then cutting 2017. N the second half of this is according to overnight index swaps. Traders reevaluating how long Monetary Policy will remain accommodative. Boe governor mark carney suggesting a couple days ago that the prospect of faster inflation is diminishing the case for easing. The greater chance of a hike than a cut in the
The markets, overall, a lot of movement. I will show you the index because we have not seen much of vix. , certain fix this is the 6. 67 level. You canur top stories, see european stocks are practically in chains. Waiting for some indication from mario draghi, what he can do. Crude, 46. 42. Apple has announced an update to the iphone and apple watch. Camera upgrades, a faster processor, longer battery life, and new water resistant design. It has ditched the headphone socket for other features. It has been called the best iphone he ever created, but others are not so enthusiastic. The cost of borrowing yuan in hong kong surged a sevenmonth high. Speculation that Chinas Central Bank is intervening to discard discourage a harris effect. Postbrexits rate climbed to 5. 54 percent. Japans economy showing signs of life. In the second quarter, more than the governments reading of 0. 2 . This gives the boj something to think about. At the meeting, policymakers will release their review of poten
This is countdown to live from london. It is just after 6 00 here in london. We knew that today was good to be all about Central Banks. We thought we would focus more on the ecb. Turns out, we have surprise out of new zealand. The surprise rate cuts from the new zealand bank, what did to the Government Bond twoyear yields, currency falling as a result of the surprising move. Thethe central bank cites Global Economy for doing this, further easing may be needed to meet weakness in the economy. It is ecb day, and we have people focused even more so on that scene. Let us check in on the radar. One central banker decided not to give further stimulus to markets, it was the south korean central bank. The south korean currency is increasing after the bank of korea gave no change to its Interest Rates, against all 31 major peers this morning. At this in on oil prices, at 38. 21 on nymex. But that was after some real strength yesterday, the wdi up by 4. 9 in yesterdays session in new york. And b