This affects the euro, we saw it to do below are on the dip lower on the back of those numbers. We are trading flat now. Lets have a look at how the dollar is trading, what everyone cause the most important these of data in the world of economics. We have a strengthening of the u. S. Dollar in anticipation of september is the month Interest Rates will raise. Lets have a little look at how costs are faring ahead of u. S. Yields rising . Just a touch. Meanwhile, money flowing into spain, italy, and germany. Pretty much a flat morning when you look across the assets, can see any wild moves. Lets see if we can do better in terms of equity. And all little scattering of numbers, we broke it down down by 1 . Estimates. Lysts still net there are. Utflows seeping out hepoke with the cfo and said this is no longer the effect, this is a readjustment of portfolios. This is the biggest asset manager in europe. They managed to see it in flow but not what came out of pemco. This is largely held by th
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
That is tomorrow. Manus you are welcome. It is monday morning, it is countdown. Pound, are net short the and they have been for many years. We are around 129. 20. We are near a 31 year low. Net position isnt short as short can be. Post brexit, the morning we woke up, 127. 98. 10 sayne dollar 1. 10 is on the way. We have been rising for five straight days, giving a little back. Parity is on the way by the end of 2017. Have a look at the risk radar. Oil on the move, gold on the move. Chinese stocks hitting a sevenmonth high. Not much owned, not much love. 39. 29. Real estate Property Companies are headed for the steepest two day rally in almost a year. We have more from asia. The Saudi Arabian oil minister mentioned last week in a statement action to stabilize the market. 47. Is trading above 50 is on the way, that is what the market is saying. We have had two days of negative positions. Thats a longs on gold have now dropped. A lot to play for in terms of this week. We will have a razor
The european markets in 30 minutes time. Front, the German Company sees growth when consumers spend more. What is the Global Retail environment like . We are going to speak to the outgoing ceo this afternoon. Adidas has never quite short on that one. The french are making their point very clear. Matter whichnt because he wears, he is making it clear he is going to have consequent is for britain if they leave the eu. It is a remarkable comment. It shows you how fluid this entire conversation is going to be. We are in for an exciting three months. Guy i think he is pushing the right buttons. The contest in the u. K. Has gone very negative. He is taking that little further but he is pushing the negative campaign buttons. Look the consequences and the disaster that will become the u. K. If it decides to leave the eu. He is pushing the migration button pretty hard here it he is pushing the financial conservative button pretty hard. He knows what he is doing. Hans i will think David Cameron