To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in kuala lumpur. While stocks are higher, bonds falling, the
Bump in the road. Has accusations of bias as a valid to change the way stories are trending. Follow me on twitter. That is my handle. Ere as use that hashtag th well. Hong kong getting underway in about 30 minutes. Singapore and Malaysia Online as we speak. Lets have a look at what is going on. Fed speaks, that is when the market reacts. That is being reflected in the early asian session. Singapore, malaysia, and taiwan coming online. Take a look at taiwan. About up we are off by. 25 . The biggest move in nine months on the account of heavy buying into some of these tech stocks. We are seeing some of those names giving back gains today. There was the story of potential demand for the new iphone coming through and the impact on the taiwanese iphone suppliers as well. Elsewhere across the region, the tradingown by. 7 as gets underway. That is weighing on exporters, consumer names, retailers. In particular, automakers and electronics names giving up gains today. Selling coming through fro
Coming up in moments. Sprint shares lower in premarket trading this morning. Wider than expected loss, lowering of guidance and loss of subscribers, plus job cuts. Shares of michael kors down premarket after Holiday Quarter guidance comes in below street expectations. Alibaba reporting quarterly profit 45 cents a share in line with estimates. Shares of alibaba have risen 50 since the september ipo. As we said, we are moments away from a live interview with alibabas executive vice chairman joe tsai. We are getting used to these metrics, gross merchandise volume, annual active buyers, and general, we are going to get to the interview right now. Lets do it. Joining us first on cnbc alibabas executive vice chairman joe tsai. Very nice to have you here after this first Quarterly Report as a public company. You guys have made a great deal with mobile in your remarks. In your slide presentations. Let me start there. Its grown to represent 35. 8 of gross merchandise value. Your take rate moved
Program. Joined by mark orton and caroline hyde. Mark barton and caroline hyde. Was, iteal that never did not go ahead with its merger. We got secondquarter figures of how this company is dealing on its own. It could be a troubled secondquarter. There is concern as to how sales is progressing. That makes andny designs the chips. I am not feeling smart enough already. At 2 a. M. Wakeup call. I am not talking about stephen jerod or english cricket. I will be talking about ig group which is the largest spread betting firm. It has a market cap of 2. 1 billion pounds. Res are down seven percent 7 . May the training had been subdued since march. Low volatility, we know how important volatility is to the spread betting firms. A big spike in volatility. Vix index spiked. An increase to see of eventsity because in gaza. We will see talk about the results. Ministers are arriving in brussels. What can we expect . Nice it is toow have mark back . Relaxing he had such a vacation. There is a sense t
Part of ukraine that they can control. Finance ministers have put off any tough decisions until they meet next week in brussels. Chriss new government blamed for devastating the economy. Hans nichols caught up with responses finance minister. Click this is how europe involved. We always find the solutions sticks together in agreement. This is how europe evolves. History for the past 60 years or so. Did you raise financing at all . I was very emphatic, i said no. Greek greece seats seeks 8 million. A big loan of about 10 million euros. Policymakers see extra stimulus is counterproductive for now according to people familiar with the toss. Concern more stimulus a decline in the end. It is already dropped 21 from the bank of Japan Monetary easing almost two years ago. Shares of Credit Suisse rose the most two years today. A new step to boost capital. We did feel it was right to knowledge the impact on the earnings of that settlement. As a result, the executive board voluntarily took these