Volumes are heavier than average the shanghai composite. The hang seng is up, and h shares up. Chinese stocks listed in hong kong, and leading the charge, and shanghai. And Southeast Asian currency doing right now we had sharp gains last week. This morning, that is when the weakness started to creep back in. Together,t everything the dollar index, if i am not mistaken there we go. The dollar index is a little bit lower, a fraction really. This is a function of the majors, not really because of , and the fedan fx funds futures, what are the chances of a fed rate hike . About 40 , and that is a moving target, obviously. Dont hang all of your hopes on that one. And stanley fischer, and during the imf, they are keeping these rates, and we are looking at december, of course. Moving target. I will be back later on to flesh all of this out for you across markets, across asset classes. Back to you. Some are going on a series of costcutting measures, including cutting jobs. Which banks . Who ar
Fed. Ed to focus on the we have a 70 chance that the said wilhite grates in december according to market probability numbers. A 70 chance. That number has gone up sharply the last few days. Fridays payroll data was a huge part of the puzzle. How is it affecting markets . That story continues. Be byrried of the fed dennis . This is the reaction they would expect that will be concerned about. The dollar index continuing to climb. How of other markets taken it . Next, how the asian market is taking it. Good morning. If you look at the expectations, investors and increasing that expectation that the fed will take action to raise rates. What we are seeing is a next picture because the asiapacific index has been swinging between gains and losses. Still in the red, barely above the trend line. The hang seng index, modest advances. These are the movers in the sydney market. Evolution mining. The big story as they has been in china, the shanghai composite. 2 gain. Authorities have said they wil
Lots of breaking news coming in, we will have numbers from daimler coming in. Let us deal with the swiss drugmaker roche. Thank you. Just a few numbers coming in at the moment. , theymonth sale number have raised the outlook. Rise in a sales concentrate grade if we look at pharma sales cynically, we are looking at billions of francs. We are seeing sales growth in the middigit single range, we are waiting for more of these headlines to come through. This is the swiss drugmaker of course that is actually the worlds biggest maker of cancer drugs trade i. It is really trying to count on new products to try and offset generic competition for some of its aging cancer blockbusters. We will see if more comes out, but right now ninemonth sales coming at 35. 5 billion francs. Anna later this morning we will be speaking to the roche ceo, the first interview of the day. Deliveringe action on targets. That is something you need to Pay Attention to. I would say the details in a moment. Also out with
London. I have a chart here of the shanghai composite index from the last three days. It shows the weakness coming from the asian session. Around this china story. Industrial output is below estimates. All of that initially got the market thinking that maybe the Chinese Government will give more stimulus. But that be a good thing . We are now seeing some weakness coming through. It is moving a little bit lower, the shanghai composite. Lets put that into context. What does that mean for the rest of the asian trading day. Lets get to asia. A precipitous drop here. You showed the charge. Here it is again. Here is the shanghai composite. Check this out. A 3 drop and it has played out over the morning. Over two hours this point. We started the day higher on the shanghai composite and in hong kong which was at one point leading gains across the asiapacific. As investors noted the latest industrial output figure, what we realized is that this picture in china is not as strong as some may thin
They include the audi and porsche. Welcome to countdown. It is a busy morning. Let me walk you through where we stand right now. The Banking Sector is front and center. The the news from Standard Chartered rocking the banking world this morning. Bill winters is cracking on with changing this institution. Let me show you the share price reaction. Standard chartered, from top to bottom, 8 drop in hong kong. We will see how we trade through here in europe. Ubs has just been breaking as well. In terms of the headline numbers, we had a net income 07 billion swiss franc. Looking through the numbers, i would say that the Asset Management division has slightly underperformed. Few misses,is a a few gains. Manus cranny is going to be talking to the ceo later on. Really looking forward to hearing what he has to say about his bank and where it goes from here. 6 45interview coming up at london time the a big focus on the banks in london and in europe and in hong kong. Lets get the details on how as