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Good morning. You have been crunching the numbers, they have just come out. They sound like they are doing very well. It does, doesnt it . They are benefiting from Rising Interest Rates all around the world, not just in the uk. Hsbc is a global buying and we have had Interest Rate rises everywhere, they have cashed in on back. Margin up by a0 basis points and revenues increased as a result. Cashed in on that. Most of the money they are making is in asia, i assume . Yes, pretty much. They are looking at good performances in commercial banking, transaction banking, things like that. Its looking pretty solid across the board. ,. , board. There was this whole roblem board. There was this whole problem with board. There was this whole problem with their board. There was this whole problem with their biggest l problem with their biggest shareholder in china wanting to split u ....
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Hong kong pretty much unchanged. hsbc is listed on the hang seng index, that will be on the move given the much better than expected results that have just come out. australia s central bank decided to keep interest rates on hold today for the second month in a row, which is interesting, keeping the cost of borrowing at a%. the aussie dollar has eased slightly on that news. the price of oil is edging up as well, which is interesting. 0n the us, fairly mixed. flat trade for the main markets on wall street. in general, the feeling on markets is more positivity. inflation numbers out of europe yesterday which were similar to that in the us on friday, showing that inflation is not going up and up, instead it s coming slightly lower month on month, which is what markets want to see, investors want to see. so ....