Swiss Press News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Swiss press. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Swiss Press Today - Breaking & Trending Today
Earnings coming down overall and Chinese IndustrialCompanies Profits down in june feeding into one thing. The secondbiggest World Economy is getting a little bit nervous do you sell commodities . One the biggest demand is of copper. There goes copper. Clearly, this is feeding in and feeling the commodities and concern about china equally we will keep a close eye on oil as well. Oil being sold off. We are worried about supply. More rigs in the United States for the Third Straight week. They are still drilling when it comes to shell despite the concerns maybe iran will be adding to supplies and the middle east and saudi arabia and a supply glut to continue. Demand may be easing when youre the likes of china ....
Copper is trading lower once again as concerns about chinese slowing growth prop up. Similarly, trade and the u. K. Is off by half a percentage point. No end to the woes for commodities Going Forward. Interestingly, the other thing on investors minds is the fomc. We haveday meeting, seen the dollar drop off by 2 10 of a percent. We would see any sort of rate hike come september. Those futures funds tend to signal a 28 rise likelihood of the federal rate hike come september. Much more probability later in the year, but money is being taken off the table when it comes to the dollar. On the flipside that is where you were seeing most of the trading. The euro is up some 2 10 of a percent, not music to mario draghi sears. Draghis ears. We have some interesting stories out there for you. One is in focus because of talk about the strategic reviews that could be coming as soon as october. There is a rice discussion in the market about whet ....
Influx of refugees. Lets start with breaking news. Were waiting for results to come across the bloomberg terminal. This is regarding their exposure to china. In terms of numbers, we are waiting for those the break. The separation process is on track. Here we have the thirdquarter earnings, earnings for interest and tax amateurs asian amortization. That is in line with analyst estimates at the moment, and it is indeed grow from the previous year. They say they are updating on the transaction. We will have to dig into that. Remember, in their last set of earnings when we got that update, they did warn about growing microeconomic risks, particular he russia, brazil, china, the areas of decline. China will not be growing more than 7 . Together these three countries overall 15 of phillips sales. It is a beat overall when you look at earnings. An excess of half 1 billion. Comparable sales of 2 . Come back and i will give you a deep dive into how that transaction is processing regressing. Bac ....
London. I have a chart here of the shanghai composite index from the last three days. It shows the weakness coming from the asian session. Around this china story. Industrial output is below estimates. All of that initially got the market thinking that maybe the Chinese Government will give more stimulus. But that be a good thing . We are now seeing some weakness coming through. It is moving a little bit lower, the shanghai composite. Lets put that into context. What does that mean for the rest of the asian trading day. Lets get to asia. A precipitous drop here. You showed the charge. Here it is again. Here is the shanghai composite. Check this out. A 3 drop and it has played out over the morning. Over two hours this point. We started the day higher on the shanghai composite and in hong kong which was at one point leading gains across the asiapacific. As investors noted the latest industrial output figure, what we realized is ....