Government has had to go to two in fuel buying in china. They are halting more than 50 of stocks in terms of being able to trade. There is a ban on selling if you are a notable stockholder, if you have 15 you are not allowed to sell. Extreme is what usps World Management called it. Will we see more declines in china . Lets have a look there seems to be a movement out of the havens. The japanese yen had been strengthening and now it is coming off of that sevenweek high. The yen is lower, currently trading at 121. 33. The dollar is slightly less en vogue. The euro is trading higher. Oil, a sudden slight rebound in oil. Biggest us long in oil significantly this year, we are down more than 8 in terms of oil. China is the worry, it is the second biggest demand or. Iran is a worry, yet another deadline missed in terms of lifting sanctions. We still see Morgan Stanley stock to saying they are set for a modest recovery and they are getting it. I will leave you with oil at 1. 6. Jonathan the 51
Welcome to the pulse live from bloombergs European Headquarters in london. Im manus cranny. The shanghai composite index posted the biggest oneday move since 2009 after chinese authorities introduced more measures within an attempt to restore confidence in a stock market that has taken a battering in recent reeks. Regulators announced that banks can roll over loans backed by shares after officials banned major stockholders from selling in affected companies. Having marked 10 days of actions by the central bank by regulators, by the government, does it look as if this is a shortterm at the moment . That is the question isnt it manus . It worked for at least one day. Another day of wild swings manus. The index dropped to 3. 8 at one stage. It rose as much as 6. 9 . The most since 2008. The government battling to restore Investor Confidence in this market. They have unveiled marketboosting measures almost every day the last couple of weeks. Late wednesday regulators banning stockholders f
Thursday. This is after greece voted no to proposed bailout terms. Mr. Tsipras has submitted another request. This is an hour long talk on the future of greece. [applause] thank you very much mr. President. President , esteemed members, it is a great honor to address the Democratic Forum in europe. It is an honor to be able to talk about key representatives of the people. At the official time my country and the European Union as a whole. I find myself here only a few days after the verdict of the people. After we chose to give the floor directly to ask the greek people directly and let them be part of the negotiations. We have not gotten an answer to double the efforts in order to get economically sound for to greek problem without repeating the mistakes of the past that condemned the economy. For a period that was neverending and an impact of severity that hurt the economy in a vicious cycle. The creative response by the greek people at a time when there was such pressure with the ban
Justice . This was interesting. Obama has gotten attention for his comments on court cases particularly before theyre decided, as well as after where i think its perhaps a bit more typical for president to speak after decisions are made. But it did seem interesting that i mean he actually went as far to criticize the cert stage when he said the court shouldnt have even taken the case. So it was interesting. And just by coincidence i happen to have sitting in my inbox a study of president ial comments on pending Supreme Court cases since 1954. Looking at this study and seeing how really rare it was, although not completely unheard of for president to comment when they had cases of which they took some interest before the Supreme Court, i dont think it is going to be a very typical thing. I think this as one factor that the study itself observed, president s most likely to comment on pending cases tend to be lawyering who think they know a lot about the law and are in a position to discu
Application instead will now have managed access and a dispute resolution mechanism that will allow iran to delay inspections of suspect sites and permit russia and china to obstruct action in the Security Council. Fac and sanctions relief and the so called snapback provisions that the administration wants emphasized as a guard against iranian cheating have been shown to be more words than substance. The president has talked about a huge signing bonus sums it up to 150 billion, and moscow has been very direct. There will be no automatic reimposition of sanctions. I could go on but let me just say that i long to conclude ago that the only real barrier to an agreement is the willingness of iran to take yes for an into the yes the iranian will agree to certain conditions such as not building buildings that they had never intended to build. Instead of no enrichment, they can operate five or 6000 centrifuges under the agreement but to also be allowed to maintain and storage thousands of oth