At the open. S p looking to be up by 1 point, the nasdaq off by 1 1 4 points overnight in asia, japan was closed for a public holiday. No trading or the nikkei most of asia was digesting Economic Data out of china the Second Quarter Economic Growth gdp slowing to 6. 2 , also coming off 6. 4 in the first quarter. Thats the weakest pace in 27 years. Industrial output, retail sales data also fixed Asset Investments were all above forecast chinese shares were down before the data was released. Then they turned positive. Overnight in europe, we are looking at i thought we were going to follow asias lead, pretty much flat across the board. The dakotas is off by 4 100 of a percent. The treasury yield market, the twoyear note 1. 845 . Just mention on the china data that markets responded better to the data for the first portion of trading in asia and europe and weve just sold off a little bit in the last few hours. As you pointed out that was just for june. Gdp for all three months it did see
Below 5 . Josh brown, regional banks are week. If rates are rising, you would figure the pressure points will be there. A day after the fed chair, what are you feeling today . I think the big thing is rates and really talking about anything else is really an afterthought at this point this is what markets are keying off. I want to give you data. We looked at the spy and the barclays aggregate. Theyre currently correlated at 0. 4 which is extraordinarily high. Its been rising for the last rolling 90 days, and just to give you some sense of historically how high that is, if you think about the last 30 years, that correlation has been negative 0. 31. Not correlated at all. What that means is the bad days for the stock market are the days in which rates are rising. And then when those days reverse, typically youll see a bounce in stocks. Not happening yet today. You have a little bit of a bond rally under way but stocks are still weak. I think that if you if you want to know whats the mark
This weekend. What will it mean for the soft commodities market . Trade tensions. With no breakthrough on nafta to my and tensions over north korea, what is trumps next move . We speak to the former president of the u. S. Export and import bank at 8 30 a. M. U. K. Time. 30 minutes to go until the start of your trading day. Lets show you how the markets are shaping up and it is risk off. There is no consensus, that is the issue for equity markets. Rise and itstocks was the u. S. That had to do the heavy lifting. 20 percent. Making up for lost ground. There is no consensus. Mr. Men will speak with mr. Putin today. The head of south korea warned of uncontrollable north korea. If we failed to stop could sinks they into an uncontrollable situation manifest inions are markets. Lets have a look at gmm and asian sweep of equities. Credit now seeing the default swaps were south korea exceeding that of china on a fairly consistent basis. Hence the reason why youre seeing a little bit of move in
Cofounder and group ceo. Everybody has a big chance to go digital, but people need to change, three liters driving alibaba the global disruptor. It was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted the answer. Senior executives were quarantined and that gave birth best platform which growth ebay out of china and led to the single day shopping extravaganza and the launch of many new businesses. Much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. More demanding. Eight next step me be even the sars, theres a lot of things we can learn, but today the things we are doing, there nothing we can learn from. Because we think, are the leader of this industry thatu the things you driving on the value of the mission. Theres not a textbook you can read. Ill anyone could have imagined the kind of scale we reach today, but i think we are very lucky to have participated i
I am nejra cehic. We delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. Take a listen. Mifid ii is disrupting the world of investment research. In the past, this has been offered as a free service. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque costs. Under the new rules investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead to more transparency and competition. Analysts are rushing to prove their worth, and investors are growing increasingly selective about what they will pay for. Then there are the regulatory conflicts, along with who pays. Some buy side firms are planning to pay for research out of their own profits, while others pass costs on to