Concern. In an exclusive interview, fetal ceo says things will get worse before they get better. The expectations of how long the virus might last and its longlasting impact, people have probably been reducing their worstcase scenarios over that period of time. Is said toredit ceo emerge as a leading contender for the top job at hsbc. Could another European Banking head be about to jump ship . Lets take a look just under an hour away from the start of cac equity trading at futures this morning. Down across the board, no matter where you look. Red arrows there. They are pretty solid. 0. 5 down on deck futures. 0. 5 drop. S, also almostfutures down 0. 66 . Gmm. A look at the that will show you quite clearly that we had big losses in equities and asia overnight. We continue to see some of those equity indices fall. Hsi. Kong down 1 on the if you look at the bonds, if we go to the next column you will see that investors are buying bonds and that really weighs on the yield. The trend is ris
Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and theions are low inflationary pressures are low. Gaining onlyr cpi 0. 7 , missing expectations. s ctia gaining only
Pushing for a hike. Robert kaplan says the push for a rises strengthening. At follow me at twitter rishaadtv. There is keenly awaited speech from janet yellen. We have singapore starting off. The story today looking across the asiapacific is not surprising considering the mild pullback we saw this week. About. To really panic the 10th of 1 . It has also been a drying up of volume. You are really seeing a lot of outflow. A moderate about of our clothing pulled out of asian markets. We only have these two markets that have not seen this, that is taiwan and thailand. Japan is just now to touching its sessional low. Mostly at a push up, when youre talking about fixed income. A lot of these stocks have been caught in tight trading rings. Australia has been stuck between points. 6 japans talk about 34 basis points. When youre talking about china, i think this might be a little more the reason i bring this up is basically on, they been this is being seen more clearly as it trying to get the l
Against all of the political changes were seeing today, first i want to show you the Market Action. Stoxx 600 is sitting roughly flat, but weve seen interesting trading session where the nikkei really surging to the up side again today. More on that in a bit. Take a look at whats happening across europe because after a couple of uglier days in the market, were seeing something of a comeback now led by technology, Retail Stocks are also in the green, food and beverages, autos among the sectors dragging on the indek. We can take a closer look at the bourses. Ibex is down. Ftse 100 sam thing, so well keep an eye on all these levels as the show progresses this morning. The bond space is where weve been focusing our attention with spain and greece on. Spain today seeing prices rise, yields coming down to 5. 78 . Italy seeing a bit of a rally, too. Selloff for britain and bund oigs boig benefitting. Quick look at information rek. 81. 02 is the left. Down another tenth of a percent. Eurodolla
Swedish company wins a jet deal from brazil. Rivals boeing and eads get snubbed. Reports suggest kiev has missed out on a considerable eu aid package. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Warm welcome to you. U. S. Stocks posting their biggest rally in two months, the dow closing at a record high up 292 points, nearly 2 higher at 16,167, cheering the announcement from the Federal Reserve theyre going to taper their asset buying program by 10 billion a month commencing in january. The Federal Reserve taking the First Step Towards unwinding this unprecedented era of bond buying. Steve liesman has the details. The Federal Reserve in a significant news, surprising markets somewhat by reducing the amount of quantitative easing by 10 billion a month, equally of 5 billion of treasuries and mortgagebacked securities, but providing strong guidance that Interest Rates will remain low through december 2015. Fed chairman ben bernanke explai