Shares jumped in hong kong as investors rewarded improved capital. Returning bank that more to shareholders and when will it . We will talk about that question. It will be a busy session. An awful lot to think about. We need to talk about what equity european equities will do today. We will see what the fair value looks like on the wei. The ftse look sick it is opening more firmly. Up and the dax up by. 3 of 1 . In aggregate we are opening up. 3 of 1 . That is the story in terms of where we have think cash is day. Ing the guy the where watching carefully a number of things. You have seen the aussie dollar come down. That is the story with the aussie dollar, down by. 2 of 1 . The bloomberg dollar index is up and the dollar is firmer. Solids backtoback sessions for the greek market. I want to show you the next column. This is where gets interesting and this explains why we are seeing what we are seeing in the aussie. Iron ore is down by 8 . Youre seeing an aggressive selling off of the m
Hoursr in hal af an time. 4sbcs First Quarter hit 5. 9 billion. It will contemplate share buybacks as and when appropriate. Anna edwards spoke with the banks cfo and asked whether 2017 will be the end of revenue decline. I have to say id be a happy man if i could close out 2017 right now. Revenued to see 4 growth over the course of 2017 and notwithstanding a very good start in the First Quarter. That is the guidance we are holding as we move into discussions with investors. Anna can i ask you about share buybacks . Were were some that disappointed to not see another. Last summer he talked, you said the ratio target of 12 . If youre about that you will contemplate returning cash. You are well above that. Why no cash right now . We have just finished a 1 billion buyback on the 12th of april. When you add to what we did last year, that is 3. 5 billion. I would not encourage investors to think we are going to do buybacks every quarter. Were very happy at 14. 4 . As we said, the happier las
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Thank you very much. Those are the headlines. Lets look at the markets to show you where we are on the European Equity session. The fourth of july is celebrating in the u. S. This is the picture right now. 0. 2 at the moment. We have seen north korea digesting the carried out that icbm launch. Some strengthening. We have the dollaryen strengthening. Yields are weaker. Is a little weaker now. Stories, north korea claimed they successfully launched an
And looks to push shares higher with a big money Share Buyback. Banking on big profits hsbc rakes billions of dollars and looks to push shares higher with a big money Share Buyback. And china cools the worlds second biggest Economy Saw Manufacturing growth slow last month, fuelling fears that chinese growth is on the slide. Welcome to World Business report. Im sally bundock. Also in the programme, we will show you a robot that can crack open your safe. First of all that silly when on the latest numbers coming from europes biggest bank, hsbc, reporting its earnings in the last 30 minutes. It made a pre tax profit of 5. 28 billion in the Second Quarter of this year. A from 4. 6 billion the previous time and analysts were expecting a high number but not as big as that. It announced a Share Buyback as many we predict in, looking at 2 billion worth. It looks to make the most of its huge cash pile. The move will effectively restrict the supply of hsbc shares in the marketplace of course and
She pledged to pull britain out of the european Single Market. She said staying in parts of the customs unit is preferred. She aims to avoid a cliff edge. She wants transitional arrangements for Financial Services and no more huge contributions to the e. U. Budget. We are leaving the e. U. , not europe, she said. What a day to use our wonderful wcrs function. The big mover i want to talk about sterlingdollar. Biggest intraday move for the pad against the dollar since 2008. Shows the oneday percentage moves. We have risen as much as 2. 5 . The biggest move since 2000. Yesterday, we fell 1. 1 . Close sinceowest 1985, yesterday. Day after brexit, when sterling fell against the dollar most it percent. The part investors seem to like is that mps get a vote, they have to rubberstamp the final brexit deal. Ands stick with Sterling Sterling volatility against the dollar. Yesterday, we saw a fourth consecutive gain in sterling implied volatility. 19 , we are falling down the most in september,