Pressure as Raghuram Rajan heads for the exit. Let us know what you think of our top stories. Follow me on twitter. Greater china markets, shanghai, and hong kong underway in half an hour. Our markets reflecting what is going on elsewhere . These are our opening levels across taiwan, malaysia, and singapore. It was a move that started on friday as markets continue to to the sudden turning in the tide in favor of the remain vote. Best day in two weeks in south korea. Best day in one month in sydney. Best day in two months for the nikkei 225. Were looking at gains across the board here. These gains are enough to erase the losses last week, so roughly trading on the benchmark eyes level in a week and a half. Main market story, the u. K. , the upcoming referendum. We will talk about developings over the weekend. ,ave a look at pound sterling 146. 14. A little bit below the session high at the moment. There we go. It is gaining against every single major. Peer. Also the element of Short Cov
You. I will be back more in a bit. Nowe bookmakers are weighing the chances of britain leaving the eu at 30 with the pound climbing is campaigning resumed after the murder of jo cox. Leaders visited the sunday talk economicsle 10 Nobel Laureates wrote an open letter saying that britain is better off in the eu. Tome minister David Cameron questions on a Bbc Television special accusing leave campaigners of misleading the voters. A bloomberg tracker of six posters showed a sharp drop in the leave campaign since the murder of jo cox. Support now averages 45 , with 42 in favor of brexit. Apple facing a new legal hurdle in china, a patent violation on some iphones in favor of a small local rival. Beijings intellectual Property Office is the iphone 6 and six plus infringe on the patent rights of a phone maker because 100 larities to its see model. Apple has filed an appeal, which means its product can remain on the market. No date set for the hearing. Vale haselling us that a view to sell a M
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
Coverage today blake burman on how responding to the today meeting and ashley when it comes to irans oil the u. S. May already be winning. We begin with blake. Hi there, maria. As you know the Trump Administration is trying to carve out a deal as it relates to denuclearization of the Korean Peninsula with north korea. As that is happening, iran is warning north korea that the United States, in their words, cannot be trusted. The iranian leader Hasan Rouhani meeting earlier this week with a top diplomat from north korea and this was how that meeting was relayed as it comes from Iranian State media. One quote quoting Hasan Rouhani, quote the u. S. Administration performance in these years has led the country to be considered untrust one way or the other Anuntrustworthy Andunreliable ad which does not meet any of its obligations it comes as the Trump Administration has level idea new Sanctions Against Iran and says more sanctions will be coming in 90 days from now on
going to put in place
Announced it will stop exempting countries from its sanctions on by iranian oil from a second and anyone who still buys all from tehran faces a dispute with the biggest economy in the world the price of oil was already on the rise up thirty percent over the weekend after the news from washington the prize took a significant increase brant crude the Global Benchmark cost nearly seventy five dollars a barrel on tuesday the u. S. Sanctions policy is putting the Global Economy under pressure and is driving Prices Higher particularly in those countries that have benefited from the exemptions until now such as india. Indias economy is booming its g. D. P. Is expected to rise by seven percent and that Economic Growth is fueled by oil and so india is buying in large quantities from what iran is selling on easy terms iranian crude is delivered free of charge a fully insured and with a payment period of up to sixty days Excellent Service but who will be able to fill
the void. Thats what india an