A fresh week for a lot of markets. Asian equities off to a stronger start. The handoff from the United States in terms of the s p 500 was fresh record highs again. Take a look at global markets. Index up, a selloff in new zealand. Markets in tokyo are closed for a holiday. We dont get much indication there. Australian bonds lower, tracking moves in treasuries. Take a look at the south african currency, downside on the back of comments from authority saying they will take actions to stem moves in the currency. Commodities space, pressure on the metals. We did have that supercharged rally that has ground to a halt in metals. The first weekly drop since december. Aluminum and copper under pressure. Here are some other risk assets to take a look at, including brent crude. We had a rig count showing american rigs falling for the first time in three weeks. Some upside as we speak. , some inflation figures out of the United States , relatively unchanged at 2. 48 . Gold currently at 1320 an ou
Commodities largely oily largely avoiding the rout. The latest from Goldman Sachs. This is Bloomberg Markets asia. Haidi as you mentioned, it wasnt smooth sailing. It was quite a stomach churning roller coaster. Buckling and go along for the ride. Opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u. S. Stocks finish in the positive. The question is, is this the new normal . His volatility back with a vengeance . Lets take a look at how things are tracking when it comes to the asian session. We are seeing this recovery mode playing out when it comes to Japanese Equities. Some of the hardest hit yesterday in the selloff. The topix rising about 3 at the open, the nikkei 225 also up by 3 . This is being driven by tronics best buy electronics by electronics and auto. David finally we can focus on the data coming out. There, and the words of bon jovi, because that has almost been the anthem across markets. Really living on
Anna welcome to countdown. Ryan we will be talking to the ceo of this swiss drugmaker later in the day. Just missing sales the estimate on sales coming in at just over one billion swiss francs. The expectation from analysts was 1. 3 billion. Anna the swiss drugs giant considering reporting what they call a good Second Quarter. That number is for the Second Quarter and that is actually 12. 69 billion compared to 12. 7 2 billion that was the forecast. A touch shy or broadly in line with analyst estimates. A lot of focus on where this business is going and where theyre going to guide the market. Deutsche bank and ubs thought there could be room for an earnings upgrade. Core ets for the Second Quarter coming in at 1. 37. It this will we will have to wait and see whether we get anything of that ilk coming through. On that core operating income number 3. 5 9 billion in the Second Quarter, just a touch ahead of the estimate of 3. 58 billion. Ryan Deutsche Bank talking about that ahead of this
President. Blake berman in dc with the latest. Blake. Good afternoon to you. President obama speaking from the white house earlier today. Excited pope francis when he said tackling Climate Change is a moral obligation. The result here, new rule from the Environment Protection agency. It is called the clean power plan. The highlight of it all from the president the reduction in Carbon Emissions by 2020. So. No. 15 years. On to. Of the carbon, there will be several other benefits to this, the new plan will create tens of thousands of jobs, make americans healthier, they site reduction in heart and asthma attacks and they say this will lead to Cheaper Energy bills down the line. Thefts president speaking earlier today. The kinds of criticisms that youre going to hear are simply excuses for inaction. Theyre not even Good Business sense. They under estimate American Business and american engin enginity. And the House Speaker for one is calling this a nasty energy tax. Quote i believe this f
Effort to curb the violence in this neighborhood. He got out ofght, the cab right here, headed for a bar with friends to go to a party when he was gunned down in. At first, he did not know he was hit and then he collapsed. Hisis funeral on sunday, friends say he had the world in front of them. He was an honor student and worked as a consultant and was fluent in spanish. He served as a student ambassador. He worked for a u. S. Senator. His roommate this guide him described the moment with the bad news. You cant feel it describe the feeling. He was an innocent bystander. Few police are releasing a details. Its believed the bullet was intended for somebody else nearby. The police are searching for a chrysler burgundy. Are offering 25,000 for information leading to the arrest and convict and of the killers. Police are investigating a shooting near a facility for at risk women. Police would not confirm that the shooting happened there. A 21yearold male and a 20 rolled female were shot. Both