Over the weekend, a Saudi Exchange just closed. It ended flat on the day. It was down earlier, but an unbelievable comeback. 95 isldings owned. That is down by 5 . Getting ang brent boost on that saudi news. Dollaryen flat on the day. David for headlines outside the Business World we turn to emma chandra. Emma Authorities Say a man walked into a church and opened fire with an Assault Rifle. 26 people were killed and 20 wounded. The suspect was found dead inside his vehicle. One official said he did not appear to be linked to any terrorist groups. President trump and Prime Minister shinzo abe are talking tough on north korea. Abe said he would impose additional sanctions. President trump warned that what he called the era of strategic patients with north korea is over. Broadcom news proposing to buy qualcomm for 70 a share in cash. The 100 billion deal, the question is what kind of fight will qualcomm put up. They are up 3 and broadcom up. 5 . The question is what do broadcom, qualcomm,
At 10 00 a. M. , us home sales for the month of april. 2 00 p. M. The fed releases the book ahead of jobs friday and 3 00 President Trump welcomes the Prime Minister of vietnam to the white house with trade on the agenda. Jonathan it has been a choppy session for sterling. A projection in the times shows Theresa Mays Conservative Party may miss winning a can a conservative party and face a Hung Parliament. Study based on a new model and showed her Party Falling short of the majority by 16 seats. Joining us from london is an morass thomas. Great to have you with us on the program. Break down the new study and the methodology and whether we should take this with a huge dose of salt. In britain has been in crisis. They have the brexit referendum in the last general election result. This study seeks to address some underlying problems in pulling. You can win a majority getting a majority of the popular vote so really elections are won and lost on 100 key constituencies. This poll tries to
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
This is daybreak asia. I am betty liu in new york, where it is just after 7 00 p. M. Charlie it is just after 7 00 a. M. In hong kong. It feels like summer. Quiet in the markets. We have the trade figures of china and the trade balance in japan. Betty those are the big numbers to watch. Big market moving event. In terms of here in the u. S. , it mergers of a focus on that may or may not happen and specifically a look at Berkshire Hathaway and what they may be eyeing out on the horizon. Oil Prices Energy prices in particular in focus. Despite the drag, the market still managed to get out the gain. We will go through that in a moment, but that is setting up for a slightly bullish tilt for you in asia. Yvonne let us look at how things are playing out here. Cpi figures out of the u. S. New zealand, we are seeing the stock with weakness. 7356. Wi, the traders are worried about the dollar edging up. The worst currency in the g10 space, ahead of the decision this week as well. We are seeing a
Year. We have one trading they left and a lot of news to cover. Geopolitics with russia and the u. S. , but also market movements and volatility in currencies in 2016. First, lets get the first word news. Here is sebastian salek. Seb a ceasefire agreement came in effect in syria overnight after russia and turkey announced he had brokered a deal they hope will pave the way for a peace settlement ending the civil war. The move sidelines the u. S. , which had led peace efforts without success. But most recently, a similar ceasefire negotiation collapsed after a week in september. The bank of italy has said the rescue of monte dei paschi will cost the state 6. 6 billion euros. That comes less than a day after the European Commission approved a Liquidity Support Program for the Worlds Largest oldest bank. Under the rules, banks could not benefit from general support schemes, so they had to green light a special decision. The euro surged as much as 1. 6 against the dollar in asian trading ov