Market. Lenltds are a go. Airbus on hier plane deliveries. Booking a charge related to its military program. Good morning, everyone. Thank goodness, its friday. Lets get straight to Economic Data points. We just got the italian june unemployment numbers. It has jumped up to 12. 7 from 12. 5 in may. Another rise. A look at youth unemployment. Thats been worrying over the last couple of year as were just emerging out of the midst of the eurozone debt crisis. Even if the Italian Economy is recovering, were not seeing that through to the labor markets. The overall jobless rate, 12. 7 . Were expecting the euro zone jobless rate. That should hold steady at just over 11 . Lets go back to earnings. Frances biggest lender by ses t asse assets, bnp paribas. Lets get out to stephane who has been speaking to the cfo. The bank posted much stronger than expected earnings in the Second Quarter. A loss of 4 billion euros last year when the bang had to pay a settlement to the u. S. Department of justic
Week in the futures market. The nasdaq would be down about 10 102 points and this comes after the dow closed in triple digit negative territory yesterday despite a big spike in oil. We did see another negative session in asia. Of course among the big reasons, new Economic Data showing chinas Manufacturing Sector contracted last month. It contracted at the fastest pace in three years. The official number contracting for the First Time Since february. You can see how the Chinese Markets are he reacting to that. Down about 1. 25 but you can see a sharply reaction in hong kong and shen seven which shows chinas higher growth stocks. Meantime, exports from south korea tumbled by the most in six years so that is also effecting the markets here. Shanghai composite was down as much as 5 before recovering to close down 1 thanchts loo. That looks better. We have to switch the percentages. Soon, now, today i think. Instead of arresting people that are selling stocks like in china. Thats first reac
Thousands of protesters are on the streets of hong kong right now defying calls by the government to disperse. Since 1997, hong kong has been a territory of china and operating under a policy of one country, two systems. Residents of mainland china, groups say china is slowly taking those freedoms away. Police use more than 85 rounds of tear gas, pepper spray and batons on protesters sunday. The number of people on the street continues to grow despite the police crack down. Hong kong stocks have actua tum. Vulnerable to riot police once more. Soon after dark on monday as the crowd swelled it became clear all the worrying now belonged to the authorities. At times a sea of illuminated cell phones. And then booing of the cy chong. One of the protesters say have yo you you heard the sing . The night before it was facing tear gas. On monday night, no gas, and hardly any police presence. Given the fact they launched tear gas and you know pepper spray the past couple of days i think people ar
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