Over the next 12 months. Hildebrand is former president of the Swiss National bank. We will get his Investment Outlook for 2017. After a year of sluggish growth, low Interest Rates and mounting regulatory pressure. Could the worst be over for the Banking Industry . We asked the president of the bank of the institute of International Finance. And we will interview the chairman of europes largest bank, hsbc. At your markets. This is a picture of european stocks retreating a touch before the fed decision later this afternoon. It seems that caution is prevailing on the markets. This is what we are seeing, european stocks dropping. Crude also retreating on Industry Data showing stockpiles actually increased. Lets get to the first word news. Here is nejra cehic. Nejra Goldman Trading at a 10 year low ahead of the hotly anticipated Interest Rate decision. Investors are expecting policy makers led by janet yellen the Central Banks first type hike of the year, with records for the dow close to
November. The road map begins with the trump effect. Gm, walmart and now hyundai announcing Big Investments in u. S. Jobs. But with four days until inauguration, could the president elect and gop be at odds over the fade of Corporate Tax reform . Plus, in a deal creating the Worlds Largest publicly traded tobacco business, British American tobacco buys what it doesnt more oalready own. Well be joined by reynolds executive later. The chinese president drawing a line on trade with donald trump. Well go live to the Economic Forum where squawk has been in davos. First up, the president elect telling the wall street journal a border adjustment measure in the house gop Corporate Tax plan is too complicated. The republicans pitched their plan plan. More companies reacting to the president elects push for more jobs in the u. S. Walmart adding more jobs this year. Gm planning 1 million 1 billio investment. Hyundai the same with 3 billion. It points to what the markets have been thinking this po
Controlled by the benetton valley is looking to sell a stake in its company. Then we talk brexit with the former lord mayor of london. Then in an hour, we bring you a conversation on Monetary Policy with the bundesbank board member andreas dombret. Lets check on the data because we have quite a lot going on. This is the picture overall. On the back of what the china gdp brought to the forefront. It is a touch of caution when you look at the Financial Markets. As chinas Economic Data was in line with expectations but at the same time provided few positives for investors. Crude at 50 79 and crude281 at 50. 79. This is monetary conditions. Anything above 100 indicates expansion. This is also an economy that has been widely controlled by the government. You can see that since 2011 we have seen that bump in the beginning of last year and then it is teetering o petering off a touch. Starting on china, Economic Growth remained stable in the thir quarter. Gdp rose 6 from a year earlier. That a
It is hard to get wrapped around the numbers but what is eresting to me is the is the Market Reaction of what mr. Corona can do going forward. Jon then the yen is stronger. The bank of japan runs qe at a clip of around 18 billion every few months. That is how small pieces. It feels like a drop in the bucket. We are going to dig into these stories of the day. The details on this package entering a bear market with ebrahim rubari, ari ebrahim rahbari. Hong kong markets closed because of the storm. The real story was in japan and that was straight off the bat. 1. 4 . Ope, the dax down are the leading losers on the stocks in europe. We will debate that throughout the program. A 101 handle on the japanese yen, dollar yen trading at 77, the stronger yen session in the fx market capturing that risk for a moment. The commodity market is fascinating. We moved to 40 a barrel yesterday. Back, one full percentage point to 40. 61. A big shift in the bond market today. Core Government Bonds, yields
It has just gone 6 00 in the morning. The chinese stock market a little less volatile today as a result of some of the government actions. They seem as if they are wanting to take on the speculators in the offshore market. That means the cost of borrowing surged hong kong, that to another record. It seems the intervention by the liquidityaining yuan in the offshore markets. Murderous ins terms of stamping out the speculation. The whole point about this is trying to bring the offshore yuan and the onshore yuan. This is the start of the day, offshore yuan and onshore yuan are coming together. The first time they have been at the same level since october of last year. Lets take a look at your morning market check. Where is the money flowing . It is flowing into the yen. By 2. 8 e yen increased versus the dollar last week. 7. 53. T around 11 today, a little bit stronger for the japanese currency. Manus oil is moving. We are precipitously close to the 30 level. Contract, volumes nearly 50 a