Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lower. Positive,ures in the still indicating a downside of about. 2 . Then stocks trading at lowest in about two weeks. Kiwi stocks, trading underway. After we heard a contraction when it comes to the Services Industry and a bit of a pullback when it comes to the aussie and kiwi dollars. Risk very tepid across the board. Lets turn to those fears of a second virus wave in beijing. China probing offic
Records and commodities enjoying their best weeks in five months. Nejra is official. The conservative party reserved a majority. Boris johnsons victory will allow him to carry out his promised to get brexit done. Aside from the parliamentary majority, it gives him free reign to take britain out of the union in january after four years of gridlock. The hope for an end made the pound jumped the most since 2017, highest level since may 2018 against the dollar, and the strongest rate against the euro since after the 2016 brexit referendum. Apart from it, its also worth noting Jeremy Corbyn said he would not leave the party in another general election and the lib dems leader has lost her seat in scotland. Taking a look at how assets reacted, you can see the pound jumped over 2 overnight. Us are ever to guests. Welcome both are our two guests. Welcome both. I think the pound could push higher. I think 1. 36 could be within isch, sterling around1. 82 in the cards. Brexit, with the outcome tha
Global threats keeping haven bulls happy and the yen expected to outperform the g10 years. Peers. Petrol bombs, tear gas and rubber bullets fly as Chinas National Day approaches. We want to get you to breaking news on the terminal now. Industrial production from south korea for the month of august, something of a miss, 1. 4 contraction for the month. The survey expected a 1 contraction for the year on year figure. 2. 9 contraction of the market had been expected, a contraction of. 2 . Decline in expected Industrial Production for south korea in the month of august. Get you started with a quick check of where markets are trading your u. S. Futures gaining. 1 , paring back earlier gains but in the green. We are coming off the s p 500 losing half a percent friday. We had it at one point falling below its 50 Day Moving Average. It managed to bounce back, but still finished in the red. We have trade tensions, concerns across the past week which last which led the s p 500 to lose more than 1
Im Francine Lacqua. Manus im manus cranny. Shall we get into this breaking did . Francine we have some european encompass it pmi. Composite pmi falling to 52. 5. Analysts were forecasting 52 5. 5 manus the eurodollar declining. Germany missed on that as well. For the compass it for the whole of europe, it also missed. Francine actually the services pmi fell more than the manufacturing pmi. Lets bring and stephen morel. Great to have you on the program. When you look at the pmi, how much do we care about this . We are still so worried about greece worried about what happens with the debt relief and we are lori that italy may become the next greece. Pmi meh . Stephen if you look at the composite pmi there has been an improvement over the last six to 12 months. Their something that becomes an issue as well. The nature of the euro. Its a q. E. Currency. The balance of payments data suggest significant outflows. If you look at the net errors account, there are clear signs there. Of capital
The Consumer Devices battle heats up. Apple and google are due to refresh their product soon. Some breaking news crossing Inflation Numbers for south korea in the mouth month of september. Inflation up. Ve coming down a bit to 2. 1 , that is below went economists had estimated and a big drop from what we saw, a gain of 2. 6 in august. Also taking a look at core cpi, 1. 6 . Below wently economists had estimated for a gain of 1. 7 , month on month, your continuing to see the rises although very barely. Inflation numbers in south korea coming in a little bit below what economists had forecast and is on Consumer Sentiment and how the markets are reacting, how the economy is reacting to the continued tensions in north korea. Stray too far from them be oks target, the economy is going not full speed ahead but still quite rampant , exports quiten strong in the Third Quarter but you mentioned north korea u. K. T a wildcard for the betty lets talk about the u. S. Markets. A little bit of a diff