Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf
Let me just, you raise the holiday season. People should specifically be paying attention to . Most cans are imposter scams. Be very careful if you receive an ecard and it does not say who it is from four ask you to give personal information or have a special link. They tried to deliver a package to you, please click this link to find out. If it doesnt say who the packages from dont click the link. The the sneaky ways to the malware loaded. The family scam wherein this holiday time i have been stranded, email me money so im in the hospital for the real. Please doplease do not send any money until you talk to a family member. They scale, these are the ones, its a special sale. Click now. Prepaid debit card which can be traced. Once its gone and stuff. If you take them,them, most of the scams rely on an emotional response. The bad guys out there. Take one more moment and think about it, stop and think. The hebrew people to drop off shopping carts because there concerned about the amount
Ahead of estimates overall, werent we . Were just getting some it is not a good open. Details on these numbers. It was better than estimated on both of those counts. What we see, we just got a extent theng asia country by country breakdown lastff we saw that started market by market. There was a pretty big increase in exports to hong kong, more week. The s p 500 having its worst than 30 . Week in two years. Youll remember that was the you had a drop in the small caps place where a lot of the fake index. Over the weekend, some of the invoicing toomings last year. Middle eastern markets were absolutely hammered. Alleged to have taken place. Were going to be taking a we are seeing risk aversion closer look at these numbers continue across the region and looking at that more closely today. Today. South korea also saw a jump in japan is closed for a sports day. A lot of these indicators that imports. Chinas exports from south show you risk appetite, the korea also jumped. Were still trying
Economic data. We have the Business Climate index falling to 108. 5 points in the month of may. That is versus a reuters consensus photograph for 108. 3. So slightly higher than expected. Its still a drop for the month of april. Thats when we saw 108. 6. A bit of a move in the euro hitting the days high. Lets look at the other data coming out, thats 103 in the month of may versus a consensus photograph of 103. 1. Thats shy of forecasts but the headline index is better than expected. We did have the index earlier this week some what disappointing. The pmi leveling off. Is this a sign of germany cooling off or seasonal factors in play . Overnight the German Finance Ministry came out and said were still expecting growth to pick up for the remainder of the year and they still have more than 1. 5 . Lets get to annetta who is live. Thank it away. Well thank you very much. Of course growth and unemployment and inflation are the big topics here and im joined by the chief economist at icd. Was