Torrid few days. Lets get to some of the movers and Asset Classes making waves. Quickly looking at the 10 year one of the council numbers suggesting he wants to get out of the negative Interest Rate regime we have as quickly as possible. The yen on the way up,. 1 , down the dollar. By rupee the dollar down. 25 . Weve got banking issues in india at the moment playing out on the bond market but what we have what does the r. B. I. Say about all of that later . The hang seng Property Index is actually up. 1 after recent declines. Country garden coming out with a pollen figures showing how bad appalling figures showing how bad things are here. Lets get to new york and look at world news headlines. With thell start latest on the trade negotiations. Chinas top trade negotiator flies back to washington next week. This as the two sides revive talks that have been stalled for months. Details have not been released but it is thought they will begin meeting as of thursday. Negotiations were given
Anna relief in hong kong . The hang seng stormed toward the close after reports the chief executive carrie lam with withdraw the controversial extradition bill. Boris, beaten. U. K. Edges toward a snap election as a cross Party Alliance moves to block you know deal brexit. The antieasing brigade. Noc rosengren says he sees need for immediate policy action and the chorus of voices against bond buying grows at the ecb. Good morning. Matt good morning. Less than half hour from the european open and looking at the japanese yen to see what kind of effect the removal of the extradition bill is having on risk sentiment. This is a threeday chart. Maybe a little easier to see what is going on in those terms if i put it in a oneday chart. The yen is weakening. More willing to take risk after the extradition bill has been removed. That reaction should show you how important these hong kong protest have been to Global Markets. Look at what we are expecting in todays trade in the European Equity in
To ensure the country leaves the eu by the deadline. It is another huge week for european earnings. Oil results coming out as well as automakers and banks. Ryanair, heineken kicked things off today. Good morning, lets start off with the earnings rolling across the terminal at this hour. Ryanair coming out with First Quarter profit after tax that was down 21 to 243 million euros. First quarter revenue actually up 11 . 2. 3 one billion euros. The fullyear guidance remains unchanged. Boeing doesnt see the 737 max related cost savings before the fiscal year of 2021. You can see that we are getting some 737 max headlines. It says it is receiving planes just in time for summer of 2020, about 30 of them. Planes by the summer of 2020, but those savings wont be realized until the next year. A big drop in ryanair profit. On the top line, the revenue up again 11 . The important thing probably is that the outlook has been held. We will speak with the cfo of ryanair in just a few minutes. We are al
As well and have a look at what is going on with these indices. Hong kongs Property Index down. 8 . Homeserage value of new in 70 major cities in china, excluding governmentsubsidized heading, up. 71 in may according to data from the office. That is greater than the increase we saw in april, which was about. 6 and less from what we saw in march as well. Robust april as well. It is not helping these Property Companies which are currently moving to the downside. Have gotll you who we coming up at this hour. We will be speaking to achieve equity strategist and peter hammero will speak to us about the prospects of two therein. Su keenan has the first word news. Su we start with the iran earthquake. , iran says it will breach the 2013 nuclear deal on iranian stockpiles within days ease therope helps pressure. Tehran says it will exceed the caps on lowgrade uranium mergers on june 27th. Enrichment beyond the level intended to prevent the making of weapons grade material. Europe is urging ira
Good morning, everybody. Welcome to street signs. It is uk inflation day and what we are seeing is that stirling is taking slightly higher after july inflation dates painted a mixed picture for the uk economy. Headline inflation came in at 6. 8 because you can see behind me, that was in line with expectations. But, both the core and services cpi numbers came in hotter than expectations. Jeremy hunter says the nation is not yet at the finish line in its fight against inflation as todays figure puts wage growth ahead headline inflation. The latest cpi print has overnight swap rates pricing and at an almost 90 chance the bank of england will hike rates again by 25 basis points at its september meeting and just over a 10 chance of a half Percent Inflation point. That is 50 basis point increase. Now, this is the reaction we are getting across the income curve today. Interesting. We have twoyear yields stronger on the day. 5. 10 is where we are at. 5. 1 . The markets are pricing in at this r