Provide an outright majority but the party more than doubles its seats. The Third Largest in parliament. Saudi announces it will sell up to 0. 5 of shares to Retail Investors and stays mum on what could be the worlds ever largest mistake. Well, good morning and welcome to street signs a check on markets and how they are fairing this morning a wall of red for asia and nikkei down a quarter of a percentage point but a big move for the shanghai currencies. Big mover in the hong kong index here this after Hong Kong Police opened fire on protesters during todays morning commute, leaving one man in critical condition. Now, these latest demonstrations come after prodemocracy lawmakers were arrested on saturday it weighed on stocks in asia, as i have been recounting shanghai actually the lowest, the most its dropped in the last four months for more inform oiation on whata been happening getting sold on rare week day violence as weekend unrest rolls over to the citywide protests on monday drops
One to watch today but if you look at the initial signals, we are lower on the stoxx 600. It was a strong session yesterday for the dax up close to 1. 8 , clearing fresh hurdles, well above that 13,400 level rough day to follow up on some of though gains. Lets see what were seeing elsewhere. Telco is at the top, healthcare is at the bottom most of the markets really showing sectors are declining out of the starting position in terms of that sector, couple of reports in there including sanofi the overall picture is a weaker one. Just outpaced to the down side by travel and leisure sliding by a quarter of a percent basic resources, a slightly weaker start up by a quarter. Utilities off by 0. 2 . The others, media stocks, weve had that sector trade down by 0. 10 . Utilities down slight declines in the early start of the session wayment to get to retail quickly. Next is falling again after a horrible trading session yesterday on the back of its concerns around unusual volatile patterns in
Estimates. The biggest thing on the economic front, the bank of england coming out with its Interest Rate cut as well as increased stimulus here. Factory orders, durable goods orders coming out a little better than had been estimated but it does not seem to be changing the direction of stocks to any significant degree at the moment. Still seeing very little change as investors weigh what the bv has done with the bank of japan and try to extrapolate what the fed in the u. S. Will do. Playing into what we are seeing today asked stocks fluctuate above and below the zero line i half hour after the beginning of trading. I what to look at what is going on in the bond market following the bank of england action and following the Economic Data. As we saw in the u. K. We see yields moving lower. 1. 49 in the United States and taking a leg of further down after we got this Economic Data although it does appear to be better. In terms of individual stocks that we are watching this morning, weve go
Im guy johnson. Francine lacqua is off today. We begin with the mega oil deal. Shell has agreed to buy bg group for around 47 billion pounds around 70 billion in cash and stocks. That makes it the biggest deal in the oil and gas industry for at least a decade. Caroline hyde joins us at the touchscreen. Caroline a cool 47 billion pounds. A cool 50 premium on bgs share price. This is record data in terms of size of move, but if you go back, it is only since july 2014 when we last saw this price on bg group. That was the amount that the oil prices plummeted dragging down the price of oil stocks. Suddenly, everything looks a little bit fairer valued. That is what has capitalized this deal to spark the Biggest Energy deal in a decade. Suddenly, assets look well priced. Creating the secondBiggest Energy company in the world this would be the biggest player in the ftse 100. It will have sheer size and scale. Interestingly, shell saying, we will build a company with three pillars. They are goi
Bloombergs European Headquarters in london. Im francine lacqua. The endgame is looming for greece. The Prime Minister is refusing to back down from campaign pledges to end austerity. A deal with european creditors for bailout funds also remains elusive. Toms neck rolls joins us now from berlin. What is now greeces biggest barrier . Hans there appears to be an emerging consensus that part of the problem is that syriza thinks they have a mandate to fight this austerity that they say is beginning imposed on them. You heard the maltese finance minister clarify and crystallized this point. Here is a quote from him. The mandate that the greek government has got, that is the stumbling block. That is why some are asking whether there should be a referendum. If you think it is the mandate that is the problem, there is a solution. That is to have a referendum. You heard hints about that in germany last week, mr. Schaeuble indicating that he could support that. You have sigmar gabriel, the vice c