Quotenment, we can project, etc. If you have a nine months or you looking at this quarter, the equity franchise remains solid and keeping market share. Anna softbanks miss. The firm posted first quarterly losses with staggering writedowns from huber and uber and wework. A top diplomat tells of a quid pro quo in ukraine as china sets its price for an interim trade deal. The u. S. Must drop tariffs. Less than half an hour until the start of european equities. All of those headlines, having an impact on the markets. Lets look at what weve got. This is what futures tell us will be happening in europe. Dax and cac, a little flat. Ftse futures, looking more negative. Futures, fairly unchanged at this point of the trading day, drifting after we saw decent gains at the beginning of the week. Generally speaking, not moving that far on the u. S. Futures, Global Futures and if we show you the gmm, fairly confused about the asian session. Waiting for new lines around trade. The heard talk about th
Mark we will discuss that. And speaking in the nexty hour. And getting real on the rally. Our stock valuations getting [inaudible] says yes. Every bit of good news seems to be incorporated into the market rises right now. There is not a lot of room for bad news. Matt we are less than half an hour away from the european open. We will see how european stocks do this morning. Futures are pointing to a positive open. We do see green on the screen when we look at equity index futures. The interesting thing i think to look at his treasuries. We saw yields creeping up toward 2. 6 percent again today. I have a threeday chart of the u. S. 10 year and you can see we are almost there. Not quite at the level. 0 on treasuries. To computer is rounding up 2. 6. We know better. Tom keene taught me to go out four significant digits. They are significant. Lets see what is happening on the gmm. Wonder whether the bund is going to be the tail wagging the dog today on the treasury market. Keep an eye on th
Falling for three consecutive days. The lowest level in two months. We are seeing this downbeat sentiment. S p futures trading lower. Of course, a different story in shanghai. Still managing to stay in positive territory. Although slightly unchanged from friday, but remember, on friday, the shanghai composite closed above 5000 for the First Time Since 2008. It is still trading above that 5000 level. Back to you. Rishaad we have got more evidence of that 7 growth target in china. It is under threat once more. We have got exports and import numbers coming through. Down in may, both of them. Weaker internal and struggle demand responsible. Steve is looking at these numbers. Steve widely in line with expectations. Exports performing a little bit better but they are down. Exports down 2. 5 in may. They have fallen every month this year except for february which has extreme seasonal distortion. They were down 6. 4 in april. 15 down in march. The estimate was for. 4 down. We do not expect the
Falling for three consecutive days. The lowest level in two months. We are seeing this downbeat sentiment. S p futures trading lower. Of course, a different story in shanghai. Still managing to stay in positive territory. Although slightly unchanged from friday, but remember, on friday, the shanghai composite closed above 5000 for the First Time Since 2008. It is still trading above that 5000 level. Back to you. Rishaad we have got more evidence of that 7 growth target in china. It is under threat once more. We have got exports and import numbers coming through. Down in may, both of them. Weaker internal and struggle demand responsible. Steve is looking at these numbers. Steve widely in line with expectations. Exports performing a little bit better but they are down. Exports down 2. 5 in may. They have fallen every month this year except for february which has extreme seasonal distortion. They were down 6. 4 in april. 15 down in march. The estimate was for. 4 down. We do not expect the
To the pulse. The greek fiscal odyssey moves on to germany today. Graces finance minister will meet the ecb president in frankfurt today. Lets get to our international correspondent, hans nichols in germany. What kind of a reception is he going to receive in frankfurt . Who is going to be the first dimension tbills . I guess varoufakis has to mention tbills because he has to figure out some way to finance. This entire longerterm payoff deal in maybe april or may, or even june, hinges on their ability to get some sort of bridge financing from the ecb. So far, theres been no indication that they are willing to give that bridge financing. They might need anywhere from 10 billion is one number in terms of raising the ceiling. The ft is reporting that the ecb is unlikely to raise that ceiling. Importantly, here in germany, my colleagues reported that Angela Merkels government is thinking about playing the long game to wait until april or may. Listen to what merkel had to say yesterday when