Today. Caroline and we sit down with the buy now pay later ipo. But first, whats trading in the Public Markets . Maybe a bit of a reprieve and spirits, even with the ppi number that produced a price index that came in hotter than anticipated with a sign of ling in the key areas the fed will be focusing on here in the u. S. , pulling up in the nasdaq, notably even though we saw initial kneejerk selloff it is back to rallying on the twoyear yield. Shining light on whats happening in the highly shorted names like stop, amc, an extraordinary rally for no fundamental reason with high Short Interest stocks, bet against in the rocks market. Moving on to have a look at whats happening on the world of bitcoin, no move or read across from the meme frenzy to the crypto frenzy. Bitcoin, selling off a bit. We heard from key players within the crypto severe saying look, we will be range bound, currently at 62,000. What are you watching . Ed theres a lot of technology to fit to today. Lets go to chin
On the belarusianpolish border on the evening of may 6 in the pruzhany district by a border guard two men, injured afghan citizens, were found. According to the refugees, polish Security Forces severely beat them during their arrest, and then forcibly threw them into the territory of belarus. An Investigative Team was dispatched to the scene. The refugees told investigators they wanted to cross poland to france to reunite with their families, but were captured by polish patrols at the border. Six mercenaries in military uniform knocked down the unarmed. Foreigners were thrown to the ground and began to be beaten with batons, punched and kicked. Currently afghan citizens received medical assistance. Investigative actions are being carried out regarding this incident and forensic medical examinations have been ordered. At the hospital where the refugees were taken, they were diagnosed with bruises of varying severity, as well as cut wounds. According to afghan citizens, polish Security F
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope
Sending shares higher. Ocado shares spike as the online retailer offers a tie up to grow its ecommerce business. And socgen says it will close about 15 of its banks as the french bank looks to cut costs. Well speak to the cfo at 14 00 cet. The uks largest lenders passed stress testing with flying colors. The bank of england indicated none of the banks it tested needed to raise additional capital. Rbs and barclays who fell short last year boosted capital to a sufficient level the bank of england also said banks could withstand a disorderly brexit, but governor mark carney hoped for a transition agreement soon. The time of achieving a transition agreement, the sooner the better i wont put an end date on it. Any transition period will be valuable we signaled back in june of this year some major risks around derivatives, around insurance, around data, around other aspects of the Financial System, these crosscutting issues, we provided weve done a lot of work since then and provided conside
Just under 30 minutes until the end of the close of equity trading. A big picture at across asset, equities, a little bit of a mixed picture, ftse 100 in the u. K. With a record high today. Dax and cac 40 trading sideways, a mixed picture in other industries and in the fx face, broad based weakness and the today,shed through 119 just below that now but up 3 10 of 1 . Cable meanwhile has gone above 134, slightly below that now, 133. 97. Up to 10 sub 1 . Fixed income space, the 10 year yields, generally yields moving lower. Metals on the front foot, let an aluminium moving higher with brent crude down 6 10 of 1 . One stock i want to highlight, the today chart for impact. Ams drop as much as 14 today, down a present or 9 , one of the apple stories. Concern over the past couple of days about apple and the iphone x. As the european markets have somened, we have seen companies drop. Looking at industries, tech stocks providing the biggest downward drag, down 3 10 of 1 . On the upside, materi