She pledged to pull britain out of the european Single Market. She said staying in parts of the customs unit is preferred. She aims to avoid a cliff edge. She wants transitional arrangements for Financial Services and no more huge contributions to the e. U. Budget. We are leaving the e. U. , not europe, she said. What a day to use our wonderful wcrs function. The big mover i want to talk about sterlingdollar. Biggest intraday move for the pad against the dollar since 2008. Shows the oneday percentage moves. We have risen as much as 2. 5 . The biggest move since 2000. Yesterday, we fell 1. 1 . Close sinceowest 1985, yesterday. Day after brexit, when sterling fell against the dollar most it percent. The part investors seem to like is that mps get a vote, they have to rubberstamp the final brexit deal. Ands stick with Sterling Sterling volatility against the dollar. Yesterday, we saw a fourth consecutive gain in sterling implied volatility. 19 , we are falling down the most in september,
Of sweden. Sweden is not a member of nato. Neither is russia. Good morning, everyone. From a meeting of the World Economic forum, i am tom keene. Francine lacqua will join me in a moment. It is called today. It is adapting to the new world order. We will catch you up on the news in london, with sebastian salek. Europes biggest bank, hsbc, says Trading Operations that generate about 20 of revenue for the Investment Bank in london may move to paris. Speaking exclusively to bloomberg, Stuart Gulliver and was confident about londons future as a financial capital. Stuart this is a decision british people made, so we need to execute it. But london will return london will remain a global mental center. Ofelieve the revenue impact brexit on Financial Services will be made good in two or three years time. I do not see the Foreign Exchange market moving, the equity market moving, the highyield bond market moving. Specific we will happen is those activities covered specific by european legislatio
We are about 30 minutes away open in china and in hong kong. But singapore and malaysia have into whatonline really is a pretty lac lack lusr market. Of course, u. S. Markets have been on holiday for the president s day holiday. So a subdued start. The region, pairing the earlier drop with the costly about 7 10 of a percent. And Australian Shares down about 2 10 of a percent. Aussie took a brief dip but they have since rebounded. A lift,ar yen, getting thatd president s comments a march hike isnt off the table. Leading and financials the rise. Quick check on some of the movers today. Toshiba also in the green today on reports that it may begin the for its chip stakes sale this friday. Going onnto whats over in singapore. A percent here. We did have singapore deliver a budget that hopes to keep growth above 2 . We did have the second finance minister speaking to us this budget, telling us the is about having a new direction mediumtermgh that hump. He did note that the oil and gas indust
HSBC prepares for a new CEO as Noel Quinn retires. Mark Tucker oversees succession. Internal and external candidates considered. Women leaders underrepresented. Colin Bell, Georges Elhedery, Greg Guyett, Nuno Matos among contenders for the CEO position.
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] a trillion dollars reduced rate we [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] what we re trying to do is help the next president to be able to govern well. the next president is going to have no question [inaudible] [inaudible conversations] you re not going to get through the next four years without a massive tax on the dollar and a dramatic increase on the cost of financially. our debt unless we take some action. that s going to be if you re the president coming in incoming president, if you want to predict the crisis, that s predictable, you re going have to deal with it. it s going to be huge. we re going to try to help them. [inaudible conversations] thank you. [inaudible conversations] tonight on c-span2 a senate agricultur