Money going into the euro as well. Risk appetite for the eurozone up at 1. 1105. Clearly some money going into the euro. We saw that spiking higher late last night. Moving out of haven german borrowing costs rising which means the bonds are following falling because of their price. We are seeing them at five week lows in terms of borrowing costs and greece seeing almost a one percentage point move. Many have the optimism that a deal will be done. Some Corporate News this morning, we have some companies coming out in terms of statements. Ryanair up one point 6 because finally the king maker has agreed. It seems that ryanair will let go of their 30 stake in aer lingus to aig. Ryanair saying we will take your money, they will make a small profit on it having owned aer lingus for nine years now and they wish iag well. Intercontinental hotels keep an eye on. International hotels in hong kong going for almost 1 billion. They will take away a tidy profit of some 700 million. Driving that stoc
To reasonable policies. Francine good morning. This is bloomberg surveillance. We have great guests. We will be talking dollar, pound, and some of the greek bonds. First things first. Thats check in on your markets. This is the picture. Banks in the u. S. Yesterday leading the rally, as janet yellen, with her comments yesterday, seemed have buoyed equities. A lot of banks in europe are still gaming. 1. 6 for the industry in europe. Stocks in general are gaming. A next bag in terms of earnings. Lot has been playing out on the currency markets. Chinese stocks in hong kong jumping after record new credit fueled optimism for strength of the chinese economy. Lets get straight to the first word news. Here is nejra cehic. Trumpsides to donald president ial campaign had contact with russian intelligence officials according to the New York Times citing former and current officials saying intercepted calls show repeated contacts with senior russian intelligence officials in the year before the e
We are reunited and stocks are up, what a difference a day makes. It is a two day gain since 2011, banks are up. I wonder how long it will last. Guy i spoke to a number of people this morning and they do not think this will last until the end of the week and that it is a kneejerk reaction. That was certainly the view that was held. Francine lets get to the bloomberg first word news. A global stocks extended their rebound to kick off the week, gaining traction amid losses that a their market was expected. The stoxx 600 appears headed for its biggest two day advance in more than four years. Hsbc has decided to keep its Global Headquarters in london, saying the u. K. Is a globally connected economy. Ceo said in a phone interview that written leaving the eu would affect the bank the most. U. K. Has been based in the for 23 years and says remaining there is the best option. Banks are taking a hatchet to their bond trading businesses and the biggest casualties are the people with most experi
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ASA Gold and Precious Metals Limited announced that, based on the final results of the Company’s annual general meeting of shareholders held on April 26, 2024 , shareholders elected Ketu Desai.