Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
Russian tax fraud. Europes top table. Eu parliament votes to confirm new commission has today. We will be live from strassburg all morning and we will be speaking with the Incoming Commission president , ursula van der leyen. Lets look at those futures. We have quite a positive picture coming through in the futures right now. European markets expected to go in little bit higher at the start of trade. Fresh alltimed highs on the s p 500, the dow jones, and the nasdaq in yesterdays session. It is easy to see why stockmarkets are going to head upwards from here. These are the futures as per europe. Lets show you what the u. S. Story is. We have had these lines from President Trump saying a trade deal is in its final throes. We continue to see upside for u. S. Stocks but not perhaps by as much as the european futures are suggesting. You see quite a broad picture of green coming through on the equity page here. We have money going into equities and sovereign bonds. It seems this rising tide
The tv industry suffers its steepest drop in ad sales since 2009. What that means for streaming. First, our top story, the challenge to tmobiles sprint merger took shape in a courtroom on monday. The combination of 13 states and the district of columbia suing to stop the deal. With the latest, jennifer was in the courtroom. Day one, what is your big take away . Jennifer it started with a surprise because the judge said, we are not going to have opening statements. I read enough in the pretrial memoranda, lets go straight to the witnesses. That was a big surprise, particularly for the lawyers who spent a lot of time preparing those. The judge is really intent on getting this done in two weeks. This was part of that, getting things moving quickly. We got right into the first witness, basically got through 2. 5 for the day. Overall, the witnesses were pretty good. They were better than i thought they would be for the companies. There were some bad documents introduced with the first witne
Tool when it comes to predicting travel tie ups and potential wildfires and potential opportunities in the space economy industry. It is estimated to reach 1 trillion. First our top story. The eu antitrust chief has made a name for herself as a tough regulator who is not afraid to go after big tack. Wednesdaywednesday big tech. She said eu will still push a digital tax even if a big push at oecd fails. She was asked how europes revelatory posture on technology is different than the u. S. And china. First and foremost to promote what we have going for ourselves already because in the businesstobusiness environment you find a lot of impressive tack. You find engineers and research and an impressive start up environment and the willingness to balance all the possibilities. Talk about innovation but we hear from u. S. Companies the reason youre focused on taxation is because we have not seen real invasion europe. You agree with that and is that fair . We have not seen real innovation in eu
Space economy industry. It is estimated to reach 1 trillion. First our top story. The e. U. s antitrust chief has made a name for herself as a tough regulator who is not afraid to go after big tech. Wednesday, she told bloomberg that the e. U. Will still pursue a digital tax even if a big push at oecd fails. Maria tadeo talked to her in france, where she was asked how europes revelatory posture on regulatory posture on technology is different than the u. S. And china. Maria first and foremost, to promote what we have going for ourselves already because in the businesstobusiness environment you find a lot of impressive tech. You find engineers and research and an impressive start up environment and the willingness to balance all the possibilities. You are talking about innovation, but we do here many times from u. S. Companies the reason youre focused on taxation is because we have not seen real invasion europe. Innovation in europe. Do you agree and is that fair . That is not fair, not