Hsbcs turnaround picks up speed. The bank surges in hong kong as speculation grows around a return to Dividend Payments. Good morning, everybody. It is wednesday morning, just over an hour away from the start of cash equity trading. Lets look at futures. European equity markets, u. S. Equity markets of by more than 1 . And, of course, we have touched the levels key levels. The dow at 30,000, and the s p touching an alltime high at the close as well. Real strength coming into today, in futures suggest we have some upside to play for. Futures all point higher. European futures also to the upside. Ftse futures up by about 0. 3 . Broadly speaking, it is the same as the last couple of days. We are talking about vaccine optimism. The news about janet yellen picked up the appetite. It is into just stocks. We can look at what has happened through the asia session. Some of the markets in asia have turned increasingly negative as we have gone through the session. Parts of asia now retreating. Th
Concerns over production of the 737 max jet. And positive news on the housing front, as home builder confidence jumps to its highest level in two decades coming up next hour, former treasury secretary jack lew will join us to discuss trade and the economy. You do not want to miss that and with us for the whole first hour of theshow, dan nathan from risk reversal advisers. Dan, good afternoon. Thanks for joining us. Great to be here. More optimism on trade or whatever you want to put it down to is a lot of this news not already out there . Are you surprised to see ongoing rallies to new highs yet again at the end of the day, you like to see followthroughs. So friday, we had a muted react. A lot of investors expected some kind of surge, similar to what we had at the end of 2017 after the big tax cut. A lot of this was priced in. I think the continuation of last weeks rally into this week is obviously pretty establibullish. Also fairly seasonal as we are looking down the barrel of a week
It is a different set of numbers, but tesla is said to be production after a record quarter. Manus welcome to daybreak europe. Battered, bruised. Im not talking about politicians. Im talking about the pound. Kingdom, in the united sentiment is being battered and bruised, something to do with brexit. Pound faces a twoyear low. Why isnt sterling rallying . If it was such a demonstrative statement in the house of parliament or not, as the case may be. No rate hike from the bank of england until 2020. The worst quarter since 2012. Is it brexit or global slowdown . Have a look at the rest of the world. Bonds are a treacherous asset. That was mngs line yesterday. Back up to 2. 3 . Ratios were slacked to say the very least. Have a look at nymex crude. Inventories. In Credit Suisse with a higher core on the oil market. Nejra have bond traders fallen into a dove trap when it comes to the fed . We look ahead to jay powell. The twoyear back above 190, jumped 22 basis points since the lows in june
Around, as you heard Kayla Tausche talking about so much on the table this week. So much on the table, and what do you think that the month is going to go, a nd what is the traditionally the worst month . Well, now that the earnings are over, we are macro focused an datadependent, so it is more volatile than we have been seeing, but i am encouraged by what we have seen so far, and especially for the consumers. And 75 of the gdp is consumer, and we have good numbers in spending and income, and jobs an wages, and fridays number is very important. And comps is not good. Well, it is spending with on the range, and okay. And volatile series, and the consumer sounds good to many, but what is bothering me is manufacturing. Maybe the oil and the gas bounce and maybe the dollar kind of stabilizingish, that should l help the manufacturing going forward, because that is the one piece that i am going to be watching particularly close ly. And pete, you saw as we come on the air literally on if mids
Between the two sides most valuable. And the gentleman here at the aisle . Just one second. Next time around. Thank you. This year marks and first of all, congratulations on your Hillary Clinton award this morning. Fiona mentioned a few anniversaries, but this marks the 100th anniversary of world war i. You welcomed a delegation from bosnia i think a couple of days ago and macedonias Prime Minister recently. What kind of message will the upcoming summit send on enlargement . Will there be a breakthrough on the macedoniagreece dispute in europe opinion and perhaps a visit to the region, if enlargement is not deliverable at the uk summit, will you visit all the four country sths because i think we learned the mistakes of bucharest with georgia and ukraine. Luckily nothing of that sort has happened on macedonia. But hopefully nothing does happen. So thank you. Thank you. First, on the nato russiacouncil. Actually, i think we struck the right balance in what we have done so far. Because yo