Plus huber, mcdonalds and under all fall on earnings. A it is decision day, a Bloomberg Survey is 100 certain rates will be kept at hold. Markets have opened for trade. Any he stocksouse are faring. Is undere dollar pressure up a 10th of 1 with bond yields higher. A largely anticipated hold. The aussie dollar reversing a to . 70. A move lets get a quick check on futures elsewhere. Futures hitting gains and a little change for the japanese markets as they reopened there. The cost could snap a threeday event while kiwi shares are extending mondays gains ahead of vika data from the region. Ocbc, the Bank Reporting at 1. 7arter income billion. Thirdquarter net income coming in at 1. 17 billion. We are seeing the Interest Income coming in at 1. 6 billion. Income at just over one billion singapore dollars. Thirdquarter allowances for loans and other assets coming in at 179 million. See,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong
To daybreak europe. Lets recap those numbers. Unitbs Wealth Management bringing in net new money in the Third Quarter, almost 16 billion, meaning assets in that unit hit a record. Atrd quarter net came in 1. 05 billion, a clear beat on the estimate of 9. 71 billion. Beat on therofit, a estimate for ubs. Profit came in at a beat, but ubs seeing 100 million restructuring charge at the Investment Bank in the Third Quarter. It also warned that lower Interest Rates would hurt income from lending compared to last year. The ceo, we will speak to later, saying in the statement, we continue to take action to grow productivity. We also have some breaking news coming through from novartis. A lot of numbers to come through here. The 2019 guidance has been raised. If we look at Third Quarter for operating profits, that comes in at 3. 75 billion. The estimate is 3. 59 billion. Third quarter core eps, 1. 41, eight on the estimate. Third quarter net sales also beat the estimate. Up in the high single
In the media are trying to build up because they would love to see a recession. We are very far from a recession. Asus italian bonds rally the Prime Minister resigns, blaming matteo salvini. Boris johnson will talk brexit with Angela Merkel. We speak to the German Economy minister. So what is the big market event . It is the 30 year bond auction. 30 years the duration. Already trading at negative. What will the appetite be for 30 year paper . 2015, there was a buyers strike. That could be the risk. The reason i focus on the difference, last week with there was talk of fiscal stimulus. That backed up longer dated yields in the United States. It was the tail that whacked the dog. The german bond market move the u. S. Treasury market. We have had near record low rates of oversubscription in july. The past three options, feeling, feeling. We will bring you the data. Have a look at wti. What is the big driver of Market Sentiment donald trump talking about tax cuts, talking about tax cuts, n
Here in the lion city, we know that stocks and bonds are getting sold off. We have not seen those in a while. We are seeing a lot of red. If you think about how we got that harder than expected u. S. Ppi hotter than every economist projections, it is raising concerns of a hawkish tilt from the fed. As we wait for the u. S. Central bank to connect those dots, we are already getting the Chinese Central Bank keeping rates unchanged on the one year, as expected, but this is appointing some corners of the markets that were holding out hopes of a reduction. Csi 100, hans singh dragged by tech names. You can also see in australia, the financial, the miningrelated stocks are the big losers today as we see iron ore approaching the 100 a ton level. On the japanese yen and chinese currency, we are seeing the dollar story play out, and the yen is in a tugofwar between the boj and fed, and the tiebreaker could come in the form of durango today. We saw the pboc coming through with a strongerthanexpe
Good morning. My concern is about the 2024 election. I hope we do not have the same election we had in 2020 where everybody received billions of dollars hello . Go ahead. [applause] welcome, everyone. I am the managing director. Always a pleasure to have you back. Right now even more so on the eve of a Spring Meeting coming up and you are back from a trip to china. We talked about a lot of these things. Before i start i wanted to remind you we have a lot of people watching this virtually so i want to remind all of you who are watching this virtually that you can send in questions if you have any, you can send them in by email or two events or on the Youtube Channels you are watching this on or on twitter. Any of those ways will hopefully reach us in time. I am sure there are people in the audience who have questions. Before we get to the questions i have questions of my own. First of all, welcome. A great pleasure to have you here. Thank you for the invitation. I want to start, i dont