A result of the crisis that said many Midsize Companies are making a point of staying in catalonia take the Supermarket Chain its management recently announced it would open nearly thirty new stores in the region creating a thousand jobs. A month and i know what we are building a Company Head Office right in the heart of catalonia we will move our headquarters anywhere else that will keep wealth and jobs in our region and thats exactly what we want you to. Some say the reports of a mass corporate exodus are being overblown and point out that major corporations and banks are choosing to change their registrations for tax purposes but keeping plants and jobs in catalonia. Regardless one sector thats already sensing the impact of the political crisis is tourism its an especially important industry in catalonia. Tours of the famous or good are familiar at the heart of barcelonas tourist trail are attracting paltry numbers industry professionals are worried such a trend could continue. Were
To you live from bloomberg headquarters. Happy monday to you. York, a. Sunday in new beautiful evening outside. There is a live shot on lexington avenue. A big week for u. S. Markets. On pretty much all indices, s p 500 flat. Week, noeets this press conference, but looking for clues on the Balance Sheet unwind and inflation and where , all leadinghere to the u. S. Gdp report on friday, forecast at 2. 6 . But techsdaq, flat, earnings this week, google, facebook, samsung as well in asia. Plenty of headlines, the outlook of the health care bill, donald trump jr. And Paul Manafort testified before a Senate Judiciary committee. Advances,ack to back the longest winning streak in four years comes some consolidation on the index, down. 2 at the moment, the kiwi unchanged. Australia, equities futures headed lower. The rba Deputy Governor played down that neutral rate talk from the rba. Meeting in st. Petersburg key for the oil price 45. 74, brent of losing steam after hitting 50. Livia and nige
Eases the strain as the city looks ahead to the olympics. China has a puzzling problem, the labor market tight, unemployment low, yet wage Growth Continues to be week. Weak. We rarely talk about Wage Inflation in china. The other thing counting down to the open in china, last week, we that roller coaster ride brought together the nasdaq have a look at my chart btv 6495 on your terminal. We are looking at valuations about the same, 35 times current earnings. Is downhelp the chinext 14 while the nasdaq is up 18 . Perspective,ion right at parity. We talk about the nasdaq the nearer ring of that gap. We have a huge week when it comes to tech earnings, amazon, facebook, twitter, also big financials. That will determine the tech rallysoftware that goes from here, then looking ahead to the fed and u. S. Gdp at the end of the week, the imf report also interesting to see how they see u. S. Economic growth. On the last one, they did downgrade it. We are 30 minutes away from the open. Southeast a
Speaking to bloomberg. Riyad turns up the heat in the gulf, adding new names to the list of terror groups. A secondquarter results show rising costs, sales improved but miss the most bullish forecasts. And of course, oil gaining for a second consecutive day. Yousef, did you see anything leading to this . Yeah, just a general sense speeding into sentiment that opec and nonopec look is the course. There were no major surprises, but they did say they will improve their way, listening to the market, what metrics they are looking at. Youre going to take compliance more strictly, and they are not going to take the countries who are not pulling their weight continue to do that. The other key thing is nimbleness, absolutely crucial. They will continue to have a level of agility to react to market conditions. For now, they will continue to stay on course. Got supply coming down that will help rebalance the market and ultimately feed into the broader price. The ceo says they are improving spread
The second hour of daybreak asia, coming to you live from bloombergs asian headquarters. It is just after 8 00 a. M. Its just after 7 00 here in new york. I am betty liu. In termsof a lead and of equities. We did jump back from the lows. Investors are taking a wait and see attitude before the jobs report on friday here in the u. S. It seems like the dollar is really helping the move, especially dollaryen. Lets get to the market open with david. Talk about dollaryen quickly. The today chart, as you can see, its rarely clear that the rates should all be shifting to the upside. Thats what traders are telling us at the moment. There is some upside risk ahead of the jobs report later on today. About 30 minutes back you might want to watch this 11562 there. Thats towards the maximum range. We could see more buying. That has really spurred a lot of these models back into action, more money coming in. , 115. 13 is your level now. Looking at the open in tokyo and seoul. We will talk about more