Chairman powell says this is not the beginning of a move downwards. Capital gains. Boosting the ratio and outperforming rivals and Equities Trading. The ceo says he will not let brexitange his plans change his plans. It is a question mark. We are not making changes of saturday strategy because of the exit. Prices slump. We speak to the ceo shell. Take a quick look at my terminal. The u. S. 10 year yield, the dip you can see right after news of the fed rate cut. At first, and investors were buying bonds and pushing down the yield. Then during the press conference, it came back up. It does not look like the market is convinced Jerome Powell will keep cutting. Clear in the press conference he never said this is the only cut. There could be more to come. Take a look at where we see futures trading. It is a down day. Drops yesterday. Futures up 0. 6 . Ftse futures falling by half. We see the aftermath of the u. S. Session. Selling over and asia. The japanese market cushioned a little bit be
Corporate bellwether. Manus warm welcome to zurich. The numbers hit the tape. Of linesa couple coming through. Net profits recovered considerably after a challenging 2018. Net profit attributable to shareholders, 343 million earnings per share. Adjusted net profit, 398 million, an increase of 18 p. M. When it comes to the numbers that matter, it is net new money, 6. 2 billion in net new money. Course thes of Succession Plan and julius baer. He will join me very soon in the next hour. 1. 7 years ago. To 400t this building up billion swiss francs. He joins me after 7 00 a. M. Some people say he spent two years, nearly two years, tidying it up. What will rickenbacker deliver . Million in net profits. The adjusted net profit, 390. 5. It is all about changing the nejra cehic julius baer. How changing the story act julius baer. T changing the story and julius baer. Nejra secondquarter revenue coming in at 4. 7 billion euros. Estimate with 4. 5 9 billion euros. 4. 59 billion euros. Margin ine
The threat of u. S. Sanctions. Adds that he will reduce rates significantly by yearend. And a different kind of trade war. Citigroup kicks off the week with week trading revenue expecting to weigh on the numbers. Manus a warm welcome to a break gear. The worlds first Largest Sovereign Wealth Fund has delivered its annual report. That theare saying twentyyear year return is forcing a 5. 4 the majority the 696 ilya and in at billion in assets. If you are one of the unfortunate people running into a bumpy time looking for a job, they are looking for if managers. Expect to add new managers. In terms of the positioning, of the boarde 55 actively managed, up from 50 . Private equity playing a critical role. There are some lines and there about india and china. We will discuss the markets with our guest host. A look at us take some of the markets. A record00 closed at on friday. Futures point to a bit of a flat open. The focus turning to fed speakers that we will hear from this week that also
To run another step closer to being able to build an atomic bomb. Ran closer to being able to build an atomic bomb. The turkish lira falls after the Prime Minister fires a central bank governor. Bloomberg has learned erdogan told lawmakers they need to get behind his delete that high rates causes inflation. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im renita young. This is bloomberg. It is 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Radical surgery for Deutsche Bank. A massive revamp of the german bank, closing its equity business, cutting a fifth of its workforce and scrapping its dividend. Sees theays he still need for a lot of things to go right. Powell in the line of fire. President trump k
Minutes. We will be talking about the banking space in china and what worstCase Scenarios might look like. On the back of discussion on how they deal with local government finance. It is part of unlocking the narrative in china. Session highs on the benchmark, should be day number seven. That should be the longest in about seven months. 171 right now, we are breaking above the key that should be the top end of the range. 4649 the hstech index. This rally certainly continues the risk on mood. More earnings and more bank decisions. Rishaad just under two point five hours before we get the latest rba decision. Overall, it is this rally we are talking about and it has been predicated upon the hope of stimulus, the announcement of stimulus moves. Michael says there is very little in this. He sexually not deep enough essentially not deep enough. Not giving any real practical moves to do so in terms of fiscal space and that what really needs to happen is disposable income needs to go up which