Capgemini buys Digital Services firm altran in a deal worth 3. 6 billion euros sending shares in both companies higher. And ecb Vice President denies low rates have hurt profitability of the regions banks and says foreign merger activity is indispensable. The iranian president has hit out at the latest round of u. S. Sanctions and says they will fail. He told state television that the measures show washingtons desperation and that tehran is practicing strategic programs. President trump described the u. S. Penalties as proportionate in terms of a response to irans shooting down of an unmanned drone over the strait of hormuz. He urged iran tone gauge in talktal to engage in talks. My only message is he has the potential to have a great country very quickly he should do that rather than going along this destructive path destructive for everybody. We cant let him have a Nuclear Weapon he says he doesnt want Nuclear Weapons. A great thing to say a lot of things have been said over the year
Coming up. Tom a riskoff mood percolating through the markets. Of course, we had u. S. Officials coming out and downplaying hopes of a trade breakthrough at the g20, and the commentary from jay powell and james bullard, seeming to disappoint some investors who were banking on a 50 basis point cut in july. Warningsay powell said of Downside Risks have increased, but stopped short of saying that cuts are imminent, a nd jim bullard said a 50 basis point cut might not be warranted, going for more like 25 bits in july. We saw equities pullback from the initial fedinduced rally. China also looking in the red, hang seng futures down 91 points. Yesterday, the chinese banks really tipped the market lower here after the reports that they may have been involved in not agreeing with subpoenas when it comes to north korea violations. More on that later on. Moment, 6. 88 at the pretty flat, but Dollar Strength story is percolating through the asiapacific. The bond market continues to see yields goin
Economists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher globally. We could be seeing a scenario of 754 china but looking at how markets do say were seeing slight declines so taking it in stride right now. Maybe a cushion in markets in terms of sentiment. The retail sales print is the lowest we have seen since last december. National bureau of statistics should start their press briefing to give more context. And we have helen chow out of bank of america. W
Probe makingrussia itself felt across the world. Have a look at gold. This is chart 6129. Fridayback into gold when the news came out that thatel flynn will testify President Donald Trump instructed him to reach out to the russians. We are under 30 minutes away from the open. Lets find out more from sophie. Could berustrating , today looking like. Afternoon,ndia this but looking at the moves in singapore, taipei, lets take a look at the open. A fairly mixed a session so far. For singapore, but some pressure for stocks. I want to show you this chart. This is one of the big moves so far this morning. Chart 6173, tax concerns outweighing the Michael Flynn drama. The 10 year treasury yield is climbing up of 2. 4 this morning. Even as the dollar is rising, we are seeing bearish dollar positions rising again despite the positive economic actual for the united states. Holding a the kospi threeday drop with the korean won under pressure. ,his is the yen is slipping 112. 78, and the aussie unde
Investors unnerved by claims against the chairman. This is a Bloomberg Markets asia. Taking a look at the markets and investors really checking themselves, taking money off the table and there is plenty to take off the table after equities had one of their best starts to any year. In 2018,he most so far and that negativity is trickling through, a lot of it coming from the selloff. 2. 7,d the 10 year pushing and that level is creating nerves when it comes to contagion. Take a look at the early asian sessions, the nikkei 225 just off. Topics also turning lower. Singapore lower ahead of the open. Thenoble group, one of biggest movers, really taking after investors restructuring the debt. The company saying the commodity trader will be safe from bankruptcy, but control will be handed over to creditors and essentially wiping out current shareholders in no ball. A lot of what has been happening with appreciation is down to dollar weakness. That is all seemingly changed in the last 34 hours w