Aia to take the reins of hsbc. The fall,de after koreas ousted leader remains defiant, saying the truth will eventually come out. Are keeping and i on developments in korea. In a moment. Ve macro data out of china, but do we received see a return to volatility or not . Rishaad this risk on trade back on again. We have the decision out of britain when it comes to Interest Rates, that touch of election on wednesday, seen as a precursor to the French Election ther this year, but perhaps most important is the fomc. Lets get straight to market action. 29 minutes away from the start of the trading week in hong kong and shanghai. Ere is david ingles your point, do we see of further sell on the news . It is expected across the board 100 . If everyone expects it, how do you make money on the other side of that trade . Equity markets come event risks this week, a mixed bag across equities, bottoms not quite there yet. But now basically has come back down come flat for the benchmark. A flat sessi
Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum
Economics, finance, and investment but is america exhausted by a stunning game last night . It will truly get super bowl ratings. Francine well. Politics, sports has been amazing. Government british is bracing for a court ruling in the lawsuit challenging brexit. In about an hour three judges will roll whether theresa may can begin the u. K. Exit from the European Union without permission from parliament. Wasish parliament overwhelmingly eu. Egypt has taken the unprecedented move of letting its currency trade freely. The measures move egypt closer to getting the 12 billion loan from the imf. Federal reserve policy makers have telegraphed their intent to raise interest rates. The fed says it needs only some further evidence that employment is on track before hiking the rates. What they do not know is what impact next tuesdays election will have. Our kids priced in an 80 chance of a fed move next month markets priced in an 80 chance of a fed move next month. The report has ordered an inv
Surveillance. I am Francine Lacqua in london, tom keene in new york. The banks are the biggest industry losing ground in europe and you have Credit Suisse, ubs and commerzbank down between 7 and 8 . Tom i would note when i walked in the door american oil was below 40 a barrel. Francisco blanch is going to join us in a bit, but it is a deceptive tuesday. There is a lot going on. Francine lets get to the bloomberg first word news. Japans economic stimulus plan will increase spending by 45 billion this year according to a draft being discussed by the ruling party today. It includes lowcost loans and money for infrastructure and disaster relief. They have been hurt by a stronger yen and week consumer spending. Australias central bank has cut Interest Rates to a record low. They lower the cash rate by a quarter percent to 1. 5 . Inflation and wage growth are at record lows. Warren buffett is challenging donald trump to meet him anytime and anyplace to reveal their tax returns. While campaig
A lot of japan looking at hong kong and taiwan the performers across asia though hong kong is really, really ushing it. Lets shift gears away from the equity markets and look at what is happening across currency. Mostly a dollar up, moderate gain. The taiwan dollar here, part of this group pulling back against the dollar. Another tepid set of inflation reports out of each country. 46. 60. Weaker against the u. S. Dollar. If you look at the aussie dollar that is i think up for a fifth or sixth straight day ell above u. S. 60 or 70 cents. Commodities, with oil prices you can see ticking up further looking at maybe 80 cents higher compared to the cut off here though the iron ore prices youll want to watch very closely. Look at the contracts in singapore on the way up. Relatively its a decent session so far. Fplgs were good with that. We are moving ahead to the abe decision at 12 30 hong kong time. It is the end of an era in australia as governor glen stevens holds his final policy meeting