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Bloomberg
Aug 25, 2015 3:00am EDT
reprieve in asia. not much though if you look at chinese back. the storm seems to be contained in china today and in europe where looking more optimistic. the euro coming low once again. phenomenal. we see the euro being seen as a haven. we are currently up almost 5% in the euro. were choosingthey the euro instead of the pound, the frank, the dollar. now, we are seeing it take lowered. lower.o is going meanwhile, commodities recovering ever so slightly. what a selloff we saw. crude was at 38.72. still below the $40 a barrel mark. nevertheless, a little bit more optimism coming in. copper is basically flat this morning. it had been taking that little bit higher after the dramatic selloff we saw. that has been playing into the equities that i want to show you this morning because we have had some phenomenal earnings coming out. the big minor, bhp billiton among them. we will see it move higher. because it keeps its dividend promise. to theemaining committed dividends. they are reducing production in the oil and gas area. production cuts and our other three pillars. iron ore, coal, and cop
Bloomberg
Aug 13, 2015 3:00am EDT
spanish debt as well. let's have a look at some of the stocks hardest hit by china. weekend,inese yen has has so has the consumer spending power. turnaround, owner of hit,des, diamond felt they they rebound so. -- though. burberry is on the rise. company beat analysts expectations. we will see freight companies feeling the pain. , the ceo sayson is a good thing. more experts -- exports will be going from china to the rest of the world. nestle is up. europe is starting to drive demand. thyssenkrupp is also up. up by 1.6%, itax is in rebound from november 2011. all of this sparked by the news in china. let's get to zeb. zeb: a bit of a relief rally across targets in the asia-pacific today as investors take a moment to interpret comments out of the people's bank. let's take a look at the , fixing was 1.1%. 6.4155 right now. you are seeing currencies rebounding. the singapore dollar is coming off of the biggest drop since 2011. we had the bank of korea out with its decision to the china risk as they held rates at a record low. across theks asia-pacific are closely watching this move as they g
Bloomberg
Sep 8, 2015 3:00am EDT
as this month? the fat the dollar is weakening, many feel the china data means they cannot go so quickly. dollar up by 0.3%. oil also trading lower. some of the the to six regarding chinese -- some of the statistics regarding oil are surprising. slowing demand-- for fuel really affecting wti. copper managing to trade higher. yesterday it got a pop from the fact that glencore will be reducing its output in africa. it is all about insurance. the japanese company i do not amlin. amlin yet to open, but we are expecting it to search. byy are being offered insurance, 3.5 billion pounds. we would like to see them search at the open, but look out for competitors. the consolidation is double where we were this time last year. because of the pricing pressure we are seeing getting hedge funds in on the action as well. look at the insurance factor up 0.5%. getting some more details on the structure of their deal. they come out on top, paddy power. it will be the biggest traded company in gaming in the world. power.ed by paddy they're not getting the nice little dividend that paddy power well
Bloomberg
Aug 20, 2015 3:00am EDT
watches are following. down 40% in china. that is a phenomenal statistic. that is showing the woes of consumer sentiment in china not wanting to buy foreign goods and especially not after a devaluation. think about what august is going to be like. let's have a look at what happened to the dollar yesterday. we have that federal reserve minutes breaking down with the dollar. you see that sudden spike lower. regain someing to of those losses but very barely and clearly the money is moving out of the overall dollar. we are seeing a downward trend when you're looking at oil. continuing to sell off keep an aisle on the oil majors today the one bright spot could be the gold companies out there. gold miners could do quite well. we're suddenly seeing it spike higher. selloffollar starts to we're suddenly getting that much more attractive. and: let's go over to julia for a look at markets in hong kong today. >> good morning to you. as caroline mentioned that was pretty much the only bright spot with actually saw here in asia. australia is doing very well but elsewhere you can see quite a lot of
Bloomberg
Sep 4, 2015 3:00am EDT
saw despite from thosegain comments coming through from mario draghi. we had china close again today in hong kong coming back online. they are down by zero point 41% but ubs coming through saying they have cut the targets for the hang seng index by 25%. that did not add to the already downbeat move we had in the region. most markets lower and the australian asx did get a boost from some of the mining players that have really off yesterday raising by about 0.25%. this is the picture of the overall asian benchmark region. today, not really anywhere for investors to hide. every other sector heavily sold off and we have house teen the benchmark index closing lower for the seventh straight week, the longest weekly decline since june 2011 and its worst weekly decline since september 2012. also looking ahead to what will happen in china when the shanghai market reopens. ainese stocks moving to two-year low. the hang seng china enterprises index being heavily sold off. nowhere for investors to park their money apart from some of the currencies. the aussie dollar and look at the japanese yen,
Bloomberg
Jan 17, 2014 3:00am EST
expected. >> we'll have more on that story. down from 3.8%. jon, this is exciting for china mobile. they are starting to sell iphones today in china. >> 763 million subscribers over china mobile. they now can go out and buy the iphone. if you look at the queues outside the shop today, there were not any. >> they have all goran online. >> -- gone online. >> it is not exactly new. the bigger issue is the china mobile has got it and you have a massive subscriber base to penetrate. >> all on iphones all at the same time. >> manus, what else are we watching? >> stoxx 600 closed down for the first time in five days yesterday. you're going to get a little bit more indication of the state of the u.s. housing market. housing starts. consumer sentment will also come out. the u.k. forward guidance. in the u.k., there is a 60% possibility, probability that the m.p.c., monetary policy committee, mark carney, will shift their guidance at the next inflation report next month. that is a hefty percentage. anyway, we'll leave it there. equity markets are undecided at the moment. the big shock is wha
Bloomberg
Jul 15, 2015 3:00am EDT
. china gdp figures beating analyst estimates. has the economy then helped by the stock market gains in the previous quarter, what on earth does that mean for the stock market route? shanghai we saw off by 3%. japan held onto its record stimulus downwardly trending its forecast for inflation at 1.9% rather than 2%. a little bit of caution happening in asia. in the european trading we are seeing a flat day. germany opens flat. i think it is all about those talks that will happen in greece . alexis tsipras says they need more debt relief beyond what the creditors have thought, will he manage to pass through what the creditors are demanding. that will likely happen at 6:00 p.m. tonight in greece. you will see me out there tomorrow. the euro-dollar is trading basically flat. oil is flat as well. 53 at the moment. people are paring back their ideas on what to produce over the next 12 months. will the deal that was struck with iran get to congress. money going out of the germany, they are selling debt today. we are seeing borrowing costs coming down. yields coming down on the 10 year from the
Bloomberg
Aug 21, 2015 3:00am EDT
. u.k. time. we also got pmi data out of china today. it missed estimates. juliette is in hong kong. juliette: good morning, mark. not a great day in asia. i will start with this picture because it sums up the red we saw. this is the asia-pacific index -- it is at its worst weekly loss since 2011 and stocks are holding at their lowest level since february, 2014. you can see every sector on the asia-pacific index in the red. we are closing up in china, flirting close to that 35000 poi level, whichnt means government intervention. the shanghai composite is down 4.2%,%, -- down officially entering bear market territory. they close down by more than 2%. taiwan is off by 3%. three markets in asia are now in bear market territory. the south korean index, to added to the woes, is having his worst close in two years. all the equity selling that we have seen globally, the weaker oil price, and the tension between the north and the south. in japan, a terrible day for the nikkei 225. only one stock closed higher, 3% loss in japan, australian down by 1.4%. i want have a look at the shanghai com
Bloomberg
Sep 9, 2015 3:00am EDT
. china might be there to stabilize its market. the markets continuing to crescendo over in asia. japan, the best day in four years. asian doing the best in four years. asia doing the best in four years. metals getting a pop higher on the back of china. copper drives higher. we see oil doing pretty well. up some .2%. we saw it do well yesterday. commodities continue to do well today. the aussie dollar pushing higher. , the yen down. the dollar rising did you got not invoke.pound you're seeing borrowing costs rise. u.s. treasury are falling, yields are rising. if you're looking at german debt, havens are out. let's have a look at some of those risk assets. let's have a look at some of those equities. ryanair, i'm going to make a bit of a prediction. we are going to wait for that one to open. anglo american performing at 4% higher. it is selling some of its assets. the platinum unit of anglo american -- it is going to be getting $300 million. alto is going to be driving higher. china's auto sales looking good. it is better than the decline. that's good to push up autos ryanair. it
Bloomberg
Apr 23, 2014 3:00am EDT
those breaking numbers. we are watching china data, futures, pmi in europe, and a little bit of tech. is not theings, it glitz and glamour of the likes of apple or samsung. -- more thanompany 4 million people in the world touch something that has an holding chip in it every single day. arm holdings gave us numbers --ay, slowing in terms of the licenses are picking up. that bodes well for the future. many analysts say they are a bit more positive for the second half of the year. >> speaking of key concerns in tact, we have numbers from facebook and apple. >> the glitz and the glamour. it is remarkable. we could have a second quarter for apple delivering just under 20 million ipads. flat revenue could be the first time they have delivered flat .evenue in over a decade for facebook, what is next? talk about possibly going into banking. we will have a chat about that. >> in terms of what else we are watching -- we have a couple of data coming out. we have the minutes from the bank of england. i am in a zone of my own. it is unlikely to be that he did. david einhorn has a few dollars unde
Bloomberg
Oct 13, 2015 3:00am EDT
concerns about domestic in china. we are seeing the cac up 10%. slowly but surely we're likely to see a little bit of money coming off the table when it comes to equity value, concerns -- copper by .7% -- copper down by seven -- on a downward trajectory. the likes of australia. the dollar down by .5%. the fx i want to talk about is if the british pound. 68 billion pounds worth of m&a coming forth. that is going to drive up the target sterling. pounds, mega brewing deal. will own company that half of all the profit and the entire bear market. one in every three beers is sold by this juggernaut. they like the fact that they are able to get there clutches on sab miller. what assets will they have to sell? have to dispose of joint ventures in china and america? that is what we are going to have to take into. wait for that stock. back of getting a new chief executive. a boston bred man. back to you. jonathan: caroline hyde, thank you very much. we'll keep an eye on sab miller. asia, ugly data out of china. let's get to juliette saly. to you.: good morning that import data out of china real
Bloomberg
Oct 23, 2015 3:00am EDT
electronic shares also advanced. up 3% in hong kong. the latest data that came out today from china confirms that the government stimulus there, the interest rate cuts, are feeding into the market. inside china, and the inner parts of china, the expensive land the country occupies, they are seeing prices advancing. 39 out of 70 cities in september's up prices go up, as compared to 35 in august. that tells us housing recovery appears to be underway. i want to bring your attention to the airlines. we saw some speculation that the chinese major airlines, air china, china eastern, and china southern may consolidate. this is as china moves to consolidate state-owned businesses. they were down today in hong kong. there is speculation these three carriers will come together and make a make a carrier to rival the world's biggest american airlines. they have more than 1000 jets and a lot of cargo and passenger market in china. zeb.han: great work, enjoy your weekend in asia. fromve data coming in prawns. manufacturing pmi. a 52 pointtter in three. the survey, 51.7. these are preliminary read
Bloomberg
Oct 14, 2015 3:00am EDT
. lower inflation, even deflation that we are seeing in china. doesn't that further the federal reserve from raising rates? that further the federal reserve from raising rates? think continues. supplies on the increase. the iea is spending out. down 4% on the week. let's look at some of the stocks we have on the move. i'm going to be focusing in on m&a as well as individual earnings. diageo up. it is getting out of the wine market. australianto an buyer. -- pledgingto wait 5% or more. it makes equipment that makes chips. it is seeing its forecast not living up to expectations in the fourth quarter. until yesterday saying it was worried about optimism from its consumers. dutcher is waiting for its german stock to open. back to you. jonathan: two minutes and 20 seconds into the session. bear losses. the ftse 100 down by .7%. : 81 points. over in asia, another set of week data out of china. morning yvonne. yvonne: week percentage data for sure. we mentioned the softer read on that china inflation number earlier this morning. that putting a damper in the region. consumer prices slowed. the
Bloomberg
Oct 21, 2014 3:00am EDT
markets are set for an open lower. beingok at the china data hurrah? or do you say, it is the slowest quarterly growth since 2009? greater minds than mine will have an opinion on that. should china do more question mark -- should china do more? sales will come out later on in the day. .hat will drive the market we have the huge breaking story. in accident in russia, his private jet having a collision during take off. we will cover that story in its totality to the show. who will take over? continuity, that man had about whether of the oil and gas -- bellwether of the oil and gas industries. the character that he is. look.have a revenue in line, dividend beat, they will invest half a billion pounds in organic growth. the markets are lower. the numbers on your gamache investment causing a little bit -- the numbers are lower on the organic investment a little bit. like for like sales missed revenue. pharmacy diverge their business by the end of the year. they are guiding at the lower end of the original guidance they gave to the markets. they said they would grow 4-5% and they ar
Bloomberg
Apr 23, 2015 3:00am EDT
doing a little better. in london equity markets are opening a little higher despite china seeing a slowdown in manufacturing numbers. let's get to some individual stories we are keeping an eye on. deutsche bank is said to be nearing a 2 billion euros settlement. ubs said $1.5 billion in settlement. that was their record. some companies had 6.5 billion dollars. will they settle with regulators? stock up 1.4 5%. i suppose the issue is to get big litigation out of the way and crackdown on re-organizing your bank. they had a sales number at novartis that was interesting. operating numbers will be ahead of what they were originally. the stock up 2.2 percent. we are waiting for ericsson to open their margins. they took a 600 million kroner restructuring charge. mobile you're going to see a little softness. they got competitive in terms of alcatel and no kia -- nokia coming together. these are three eyes -- three things to keep an eye on. 75, 55 is where it trades on the downside. the central bank says there is room to remain in this lower band of rates. they may have room to cut rates. t
Bloomberg
Sep 22, 2015 3:00am EDT
and copper down by 1% as the asian banks cut their growth forecasts for china. will volkswagen have opened? you know that germany is sometimes slow. it is down 1.6%. that they have totally screwed up but now asia is starting to weigh in on volkswagen. going to investigate in south korea if they met pollution standards. could the industry be tainted? rsa up 1.4%. remember the big selloff yesterday? hester, sayshen that more bids will come for the rsa insurance group. london stock exchange could see a collapse in its sale of investment to chinese's civics securities. jon: two minutes and 40 seconds here into the trading day. the ftse 100 down about five points. in asia, the shanghai composite on a bit of a winning streak. david ingles with your asia market wrap. >> volume is razor thin. we are at 50% on average. we are seeing fairly decent gains. it is not as if everyone is joining the party. so how does asia look today? it is mixed more to the upside that you have these bigger markets churning out some gains. the shanghai is up 1% and these markets are already closed. japan is still
Bloomberg
Aug 19, 2015 3:00am EDT
china as he did yesterday, because china suddenly staged this late comeback in the late hours of trading. we suddenly saw the shanghai composite end in the green amid speculation about whether or not we would see more stimulus to come. monetary policy quickly kicked in. will bewhat juliette talking about in a moment but in europe are still concerned about the commodity index. bloomberg tracks as the lowest since 2002. the selloff is continuing. look out for those big oil majors today, and glencore after they came out with their numbers. the dax is now opening 9/10 of a percent down. stop buyingtime to these chinese stocks like the luxury good makers. have the fundamentals in china changed that much? and they have pricing power in china -- maybe is tryinime to analyze whether it's good to buy. we are opening on a downward as greece goestory to the last stages of its marathon to get this third bailout. this is 86 billion euros. we know that germany will be starting a debate around about now, and then we have the dutch deals. most of these deals will go through -- let's have a look
Bloomberg
Oct 16, 2015 3:00am EDT
weakness in china and the effect of that maggie recall. europe and north america are doing ok. carrefour, this stock doing ok this morning. it reported further games in revenue in the third quarter because of growth in the home market. also acceleration in europe and around the contrail -- remy cointreau -- gaining as well. a lot of luxury companies have collapsed. but remy cointreau doing ok its 2015 has kept target and sales came in better than expected and keep your eye europeaners with those car sales numbers. a 25th straight month of gains. jon: the -- early part of trading here in europe. the ftse 100 opening higher. the trading day is wrapping up in asia. manverworked yvonne standing by. reporter: overworked but happy friday. we are seeing a fourth straight friday of gains across asian equities. japan rising for a second date with china seeing some of the best returns in a week on a two-month high with shanghai closing 1.6% up. about 6% since last friday and that is the biggest such advance we have seen in four months. this is all on the back of speculation that the government wil
Bloomberg
Apr 15, 2016 2:30am EDT
falling for the push which includes firing and curbs on travel and entertainment expenses. china's high-yield bonds on the mix today. the worst two-year selloff since the end of 2014. they have yet to fully price and -- with the economy slows. speaking in washington, the governor of the pboc says the debt burden is heavy. federal reserve bank of atlanta's president dennis lockhart says he will no longer push for a rate increase this with weakening growth and low inflation. speaking to bloomberg's kathleen hays, he says they are still opportunities ahead to make a move. if you look of the calendar, there are enough meetings remaining this year that if the data were to suggest it is the appropriate policy to have three moves. i don't know, to moves, three moves, they are both possible. it is going to depend on how the economy evolves. juliette: global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . guide. -- guy. guy: juliette saly joining us. she was mentioning china's economy stabil
Bloomberg
Sep 17, 2014 3:00am EDT
later. let's check with caroline hyde. >> the markets are going to be looking at china. they are going to be looking at the united states as well. the chinese effect helping a little bit of green in the markets this one. ftse up, spain getting a boost as well. the united states traded much higher. they have a bit of an influx, an appetite for risk on the back of the chinese news. equivalent toan, $81 billion, is being pumped into the five biggest lenders. they are getting each 100 billion yuan. instead of cutting the reserve ratio requirements, instead of cutting rates, this is an equivalent stimulus thomas so says goldman sachs. worry about the chinese data? spending over retail service have not been good. investment has not been good. the central bank is reacting. i want to show you the reaction it had on commodities. copper, look at how much did move. up 1.2% and continues to trade higher, up .5%. we can also look at the oil market and the effect it had overnight. 2.5% jump on the oil market. is really getting impetus as we see china fueling up in terms of stimulus. we know th
Bloomberg
Nov 11, 2014 3:00am EST
play. and it ishappening reaching customers. >> is china where a lot of people are looking to go and do they leverage that? you look at the opportunities to invest and this is a stock to invest in. that people can invest into the shanghai market more than before. it will come up how much they can implement and there is a cap on that. >> let's go higher up the food chain. there is a frosty relationship between china and japan. we saw that in the ice cold handshake yesterday. werew bad the relations that even a handshake makes big news. >> it is fascinating. it is not a handshake. they turn away and they do not know where to look. these people are not friends. we have seen them smile before. i would point out that china and japan have to have a mutually beneficial relationship and i will give two points on that. has 300nese retailer shows an china and that majority from china. china needs japan's investment. >> where the handshake took japan i would ask whether needs china more than china it needs japan. morerhaps japan needs because of the minister and the people saying the relations
Bloomberg
Jan 27, 2016 2:30am EST
, china they no longer offset the slowdown in the global smartphone market. global news, tway four hours a day, powered by 2400 journalists and 150 news bureaus. guy? guy: thank you. we are half an hour away from the equity market open. let me show you where we think we will go. remarkably calm, considering where we have been as of late. ftse opening flat. an ok half point lower, session yesterday. i want to show you what happened with the shanghai composite -- this is the day that we round trip to back up since the start of the week and we are still significantly lower. jonathan: you wake up every morning and it is china, china, china, fed, oil. we will get the federal story and the oil story. brent crude at $31 per barrel, lower again today. guy, what a journey -- a 10% move friday, monday, 4% move et your crystal ball out to guess where we finished the day. i that the u.s. two-year on here, guy, because the middle of december the hike -- the front and goes through 1%. is sayingry market what it things about the rest of the year. guy: i think it is making it clear that this is a
Bloomberg
Sep 10, 2015 3:00am EDT
paid in the minutes they are worried about china. sanguineey has been about the chinese so far. lower, and concerns about the demand of oil. this report showing their likely to see demand not within expected for 2016 because of asia. let's have a look at some of the equity markets, some key names. we have a few numbers coming out, chief executive says only six months and a big turnaround still. five of the convenience stores floated yesterday. the 5 million pounds through the door. bad, we seeok first-half profit down 35%. that was a miss. he says they will improve in the second half. morrison's is lower, but a different take, up two point percent. nordic, they said they said to have a good start to the year. germany always a little bit slow to wake up in the morning, but e.on is lucky to fall this morning. -- theerse of that plan good to bad split comes a little bit more merciful. back to you. jonathan: caroline hyde, thank you very much. down, erasing some recent gains. over in asia, shery ahn is standing by. japan didn't last that long. shery: no, it didn't. it was the one of the b
Bloomberg
Mar 1, 2016 2:30am EST
. -- steepens. fresh figures from china. alan greenspan tells us that china's economy will slow even further. , once again, it is about the big banks. barclays, some comparisons with deutsche bank. hans: one thing he did say, the ceo, at the end of that interview, said there is value in being big. that is a different track in where deutsche bank is going. let's get anna's take on this. interesting pick up on your point. i cannot believe we are still having the conversation about the merits of size. whether it is better to be a big, diversified player. back to the subject of africa. really fascinating to see what they can get out of this african business relative to how they are spending and what they think other people can get. they say that because of the way this is regulated, they have 100% of liabilities. that is why it does not make sense for them. it is difficult for them to hold that business. years to try to sell the business. they say they have had conversations. you could think of a number of people they might talk to. what did he say about the investment bank? they have four main
Bloomberg
Apr 14, 2014 4:00am EDT
a bid to get back to a profit. its ceo unveils his recovery plan this hour. don't worry, china will save us. dsivate equity titan guy han said the country's appetite for m&a is key. we will bring you that exclusive interview. good morning. look him. you're watching "the pulse." we are live from bloomberg's european headquarters and london. i am guy johnson, francine lacqua is off today. what have we got coming up for you? does the masters make you want to swing like a pro? do you want to be bubba? we are going to go inside a luxury club that has everything you need to train to make that course work for you. writing by the seat of his pants, meet the entrepreneur who puts it all on the line. we begin with a situation in ukraine. european foreign ministers are holding emergency talks shortly to try to defuse the crisis. clashed atd russia the un security council meeting late last night. this as violence escalated in eastern ukraine. david tweed has the story. david, the ukrainian president spelled out the deadline for progress and separatists to lay down their arms. we passed that two
Bloomberg
Mar 4, 2015 3:00am EST
top event kicks off. we will talk china and the outlook for markets after the break. this is what the equity market looks like here in london. the ftse 100 up eye to tenths of 1%. the dax up by a third of 1%. a heavy morning for data. pmi from france and spain and germany. in an hour we get the u.k. pmi. this is dominated by the service sector. it's about dollar lira. the dollar at a record high. i am on twitter. we are back after this short break. ♪ jonathan: good morning and welcome back to "on the move." let's bring you a picture of the markets. ftse 100 a little bit higher up by 0.2%. mednax having its worst day in about a month yesterday. they are raising some of those losses. it is time to dig into these indexes and bring you some top stock stories with mark barton. >> itv, the broadcaster in the u.k., shares of by almost 5%. 233.90 is the record closed. earnings beat estimates. special dividend as well. it is competent in delivering further strong growth in 2015. different story for ankle -- for henkel. fourth-quarter profit missed estimates. the ruble's drop holding back gro
Bloomberg
Aug 17, 2015 3:00am EDT
are expecting a rebound. we saw a 2.7% selloff in the stoxx last week. with china ringing in everyone's ears, we saw the dollar surged and we saw a bit of a comes turn about the exporters getting hit. today, a bit more tentative buying. a little more appetite for risk as we see a bit of a stabilization in china. we see the pboc once again holding steady, keeping that yuan at a steady level. yuanconomists saying, the can rise, it can fall, and we will combat both moves should we need to. the dax up 0.5%. big vote on wednesday. angela merkel trying to rearrange her schedule to get this vote through, talking potential debt relief for greece. trying to woo the imf to get on board with the third bailout being offered to greece. that third payment comes on august 20. we are higher across the board looking at the eurozone when it comes to equities. the euro is down against the dollar. we've got interesting data coming out of the u.s. later today. we got manufacturing, inflation, we also get fed president william, voting member, speaking on his view of whether has what happened in as
Bloomberg
Nov 9, 2015 3:00am EST
out of china area that are than expected trade data out a german. let me quickly check in with the copper price down almost 0.3% and just though worst performing on the london exchange. likely reacting to that data out of china. mixed picture in asian stocks overnight. a look at europe. german trade data better than expected. exports up 2.6%, beating estimates, better than august. a lot better than people expected. up one0 pretty much point. 1%. cac 40 pretty flat. still waiting for the dax to open. will we see a jump after the export data out of germany? we will take a look at some of the stocks we are watching this morning. a lot of corporate news coming out today in europe starting with continental europe's second-largest tire maker. third-quarter profit grew 11%. coming in at 1.0 8 billion euros. what helped to this company was weaker commodity prices but also a weaker euro. and sort of a line with what michelob is saying. the biggest competitor. european a u.s. car sales that helped it. slowing demand in china. we will wait for that to move. shares, we saw the jump in johannes
Bloomberg
Oct 30, 2015 3:00am EDT
also rising as well. want to end earnings wise on banks. the bank of china actually saw a profit plunge. we also saw the construction bank in line with our earnings. petrochina falling to a record profit plunge. anna: thank you. the pace of change in china, is it beginning to pick up a little bit? is that a good thing, how is it a bad thing? bhuna: the basic change is beginning to pick up, it was no doubt about that. on capital convertibility in particular, i think they will be quite slow. it will allow more money to come in rather than leave in a big way. they have already eased restrictions. away, what has been happening in the last six months is tremendous pressure on chinese reserves. they have fallen, so you lost 600 billion in a matter of six months. i don't think this is the time when china will completely open up the capital economy. they could see some money coming in, i think it will allow the opening up of the treasury market very modestly. will becomee, it convertible when the money is coming in. don't think it will allow it to leave entirely. --: this really is just
Bloomberg
Sep 25, 2015 3:00am EDT
. volumes are a little bit lighter. next week, a holiday across hong kong, china, and so forth. perhaps that is why it is fairly quiet. jonathan: you enjoy your weekend, thank you very much. that is what is happening in asia. show, fed chair janet yellen says fed rates should be raised by the end of the year. will be driving volkswagen? japanese inflation meets japanese growth in negative territory. to bere any reason optimistic about the world's third-largest economy? 2015 just got a little bit bigger. janet yellen affirmed she is ready to raise rates at some point this year. here is what you need to know about her speech. >> most of my colleagues and i anticipate that it will likely be appropriate to raise the target rating to the federal funds rate sometime later this year, and to continue boosting short-term rates and a gradual pace thereafter. forc were to delay for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals. united states has experienced very low inflation since the financial c
Bloomberg
Jan 15, 2016 3:00am EST
talk to our china editor out of shanghai. is that the interpretation here. this was a seller rally story today? reporter: pretty much. it is the exact opposite of what happened yesterday afternoon. we expectedi mean, may be a positive open, but for some reason even with the jump in credit growth, it actually responded to parts of the data. that is becaus investors were concerned for the outlook of the economye at the end. if you look at the data closely you will see the estimates and even the unexpected jump in a exports was noticeable. in theportantly afternoon what we saw was a report that some banks in shanghai will the longer accept chinese stocks as pledge collateral in order to borrow money to buy stocks. the high-tech stocks are the biggest performers for the year. jonathan: i sense this is what we are looking at now. what are we looking at here? what are the key metrics we should pay attention to? reporter: obviously, the economy and the yen., i think it is very important to china and high-tech companies. they become the leading indicator for the market. they are incurring
Bloomberg
Jul 4, 2014 3:00am EDT
chancellor has to china. we follow angela merkel's trip with top german executives to china. "> this is "on the move. angela merkel heads east for an official visit to china. the focus will be an economic cooperation and trade. david tweed joins us from hong kong. angela merkel is heading to the capital of the szechuan province. why is she heading there? chinary time she comes to , she goes to a separate provincial city. this time the city is in the szechuan province. even though it is not a state visit, it is treated like a state visit with all of the protocol. this time it is interesting that she has chosen this city because you can see it, it is considered to be in the western part of china. president is trying to encourage investment in th einner partst of in china. most of the economic growth has been focused on the coastal areas. which isgh chengdu, considered a second tier city, with 14 million people, it is at the top of the secondary ones, even though it is considered to be, such a large city, it is still considered to be underdeveloped. it is interesting that e
Bloomberg
Feb 10, 2015 3:00am EST
week bet we could see more stimulus there. they call it reluctant easing said to come from china. any further stimulus will help get inflation going once again. they to follow that with the risk of aggravating further. that helps asian stocks go higher because of chinese inflation slowdown. meanwhile we are seeing a pretty much flat turn in equities. how are we looking? >> we are seeing a bit of risk appetite rid -- appetite. only 520 percent interest points, a little bit of risk outside and meanwhile costs are high for germany. it seems as the market is reluctant to sell off at the moment, willing to stay calm. look what happens to greece in the next few days. that emergency meeting in brussels coming up tomorrow. the euro with a similar story stocks are you much flat. let's look at brent, we are seeing a snap in oil. after a period of growth we are seeing it start to turn lower. the worry is u.s. glut meeting the demand is pushing the oil price lower. ubs is set to fall up to 4%. we will be talking through much of this with the great interview with the chief executive of ubs. t
Bloomberg
Mar 27, 2014 4:00am EDT
, engineering and here we go with heneais. they will go online in central europe and china, spain, but it is missing on this margins. tough on the high streetk. paschi unchanged. the police are investigating stock moves and traits. babcock. what do they do? they dismantle nuclear plants. they have confirmed. they were in talks in terms of with a joint venture spanish helicopter service company. the confirmed today they are going to buy the company. >> thank you so much. manus cranny with the latest on the markets. breaking news. in the last couple seconds. we now understand the imf has an agreement. a stock level agreement with ukraine. we have been covering the story for the last couple days. we know the imf is looking at the size of what ukraine would need. we are now told that the imf says the sign of this two year deal for ukraine would be between $14 billion and $18 billion. at the moment, we have a staff level agreement with ukraine. first of all, the junior parties involved in this negotiation agree on it. then it has to go to the top. but it means that at least we have a figure on ho
Bloomberg
Mar 10, 2014 4:00am EDT
year and it is down again today. they are down by 1.36%. the concern in china is that they consume this and any concern will play out into a lower copper price. another move is that the aussie dollar is lower. the biggest export market is china and it is going to hurt. >> thank you. that is the latest. bloomberg has more on the mission best missing airline. it is an incredible story because we do not know what has happened to the plane as of yet. what is the latest? francine, there is no sign of the aircraft and that is what ae transport minister said at news conference a couple of hours ago. civilizationby the authority of malaysia that no part of the plane has been found the oil spill samples are being examined to see if it was from the flight. there is frustration between the searchers and the family information -- members. 20.co miles and includes six nations in the south, including indonesia, thailand, even the united states. we know that the fbi and ntsb are here to help in the investigation. i want to point out a discrepancy that has arisen. it was initially thought the plan
Bloomberg
Oct 26, 2015 4:00am EDT
and they have already factored in more monetary policies coming from china or is it caution ahead of the five-year plan, rs barclays has said, is it underscoring the fundamental weakness of the chinese economy? of 1%ai posted 5/10 higher but not as big a move as we saw in europe on friday, when we factored in that chinese whenlus adding to the ecb we see more stimulus coming from mario draghi. perhaps a little bit of profit taking, a little more risk aversion. the dax is flat, business climate set to deteriorate later today. taking after we saw the biggest two-day gain since july on thursday and friday. the other asset classes are moving on the back of these measures. nickel hasn't been performing so well. a big bellwether coming from how china is performing is the aussie dollar. let's have a look at some of the stocks to watch. we have had news on potential acquisitions or disposals. , with aboutdown 3% $2.8 billion -- it could be under threat. u.s. regulators are confronting roadblocks, saying that they have concerns. up readyrs are significantly but investors are really focusing o
Bloomberg
Aug 24, 2015 3:00am EDT
trillion so far wiped off market value since the devaluation happened in china. the worst week for the stocks. for four years. the dax -- 18% off previous highs, which means we will probably be entering bear market territory today. cap is falling by 3.5% -- this is painful if you are along with these equity markets. but it's not just europe -- this is the middle east, asia, across the board where we are seeing the selloff's. -- selloffs. the euro is gaining strength, gaining momentum as the dollar falls lower. the bets are off when it comes to the federal rate reserve hike. many are feeling that lists in september will be have -- will have less than 30% chance. december, we are likely to see 55% chance of a rate hike, that is what the market is factoring in. people are delaying the federal reserve hiked because wha of wht is happening. keep an eye on some of these emerging-market currencies, because we are seeing the selloff continuing. the south africa is losing value against the u.s. dollar. we are still seeing the pain in the emerging markets, and of worst, commodities -- the bl
Bloomberg
Feb 13, 2014 3:00am EST
sanctions. we have a lot of earnings. we have a forecast from china under export growth. we have the deal. what else are we watching? >> larry fink. says that a buying inundate emerging markets, they are going target way below what we had last year. it is the good old american consumer. let's see last month. flat rate on retail sales. the jobless numbers are the dominant theme on the market. you get our frort the european central bank -- report from the european central bank. six straight days of gains. you know, recovery. i want to put the recovery in context. $3 billion was wiped off global equities. that has now been scaled back. we have recooped nearly $2 billion of that. it will come down to retail sales numbers in the united states of america. there are three companies -- let's have a look at them. a little bit of luxury. a little bit of banks for you. b.n.p. paribas is down. $1 billion in terms of u.s. litigation. the dividend missed as well. we were looking for 1.75 euros. coming in at 1.5 . he remembers, fourth quarter sales -- rer maze. lloyds, you have gone through the top line
Bloomberg
Jan 4, 2016 2:30am EST
these conversations. >> let's turn back to china growth. stocks, richard is in hong kong force. breakerse -- circuit get an early wake up your behind the story? --china voluntarily volatility has become the whole market of 2016. there was concern about the manufacturing data that was not strong. expiry ofrn about the a ban on major shareholders selling their holdings. in july.ack sometime as we got closer to that 5% and the trading halt, it only began today, we sought selling escalate. only a 15 minute halt, seven minutes before we hit 7%, and that was it. guy: do you think the circuit breakers designed to mitigate the volatility actually contributed to it? marketainly some of the is saying it did intensify selling. 5%, andt closer to after, people wanted to get out as quickly as they could. that's why it took seven minutes to get from 5% to 7%. if we look at the summer, that same index fell more than 5% on 20 occasions, more than 7% on 10 occasions. in the u.s., the limits required for a trading halt to kick in incline required for the u.s. to stop trading. --does look like tr
Bloomberg
Jun 9, 2015 3:00am EDT
all day. there is no way to hide it. lebron bond market is doing its thing. where do i hide? >> china. jonathan: it has got a sense of humor. >> it is interesting. japan and china are forming, but they are not really a place to hide. they are a place to take on a lot more risk. we are seeing some interest in minimum volatility funds. some of these things give access to the equity market. we have seen outflows out of europe. q1 was a massive allocation into equity. you see that pay off a little bit. we have seen a little money go into the u.s., which is not necessarily where we put our money. a lot of people feel it is a safer market to be in. >> there are hiding places. in the fixed income world, is there anywhere to hide? >> that's a good question. we expect rates to continue to back up. the upcoming data is not inspiring. it is stronger, but it is not convincing us there is a mess of need. a lot of the market is calling for a september hike. even as we see more entrance into the labor market, i think there is a possibility we stay lower for longer. does that mean you want to pile in
Bloomberg
Feb 18, 2014 3:00am EST
worth in china are too low and they are trying to take money out. two. -- two very different stores. the markets today and we have the automobile reporting. that rises around volkswagen. they have new models. lt, the smaller car is driving. the smaller compact car. seeing, you are registrations rise by more than seven percent. ryan was talk about bhp. underperforming. outperforming and the australian market last night. dividend and capital expenditures are the things that analyst will be looking at. an oversupply of iron ore. expect,r you might there will be pressure. the chinese has done the restocking. when it comes to industrial gases, these guys have delivered better than estimated. down by nearly two percent despite the numbers coming in better. we leave it there. >> thank you. manus cranny. joining us today, more on where he sees the market is andrew goldberg. jpmorgan.ve great to have you on the program. talk to me a little bit about your favorite lace for the next couple of quarters. be a more difficult year than 2013. believe it or not, one of the toughest thing is rebalanc
Bloomberg
Nov 6, 2015 3:00am EST
. a surprising drop in production. as the slowdown in china leaves its mark. ♪ it is a job stay in the usa cityet and sleepy new york . some call it the most important number in the world. some tickets to far and call it the most important ever. it matters. does it need to be good enough to give danielle the conviction -- to give janet yellen the conviction to hike the rate in december yeah, francesca, great to have you with us. >> aenough about enough? nice to be bad enough to stop them from hiking. that is our view. it is peculiar that we get down to one number. most important in the world. that is where we are. the market needs to be convened. wrong tonothing that detract the fed from hiking. jonathan: we see it is the most important jobs number ever. we might bounce around for an hour afterwards. is itbate that happens, more about where we are versus where we are in 2008? the rest of it is structural. that capacity has been eroded? >> there's been a recognition of external development. whether it is transitory or permanent. we take the view that most of the adjustment in china
Bloomberg
Aug 12, 2015 3:00am EDT
countries taking a hit. all caps china among their top trading partners. we will see how it will affect those, but it is some in the maybe they can do without. perhaps that will reduce the amount that they will be importing from many of those countries. we have some intraday moves on the currencies. the dollar strengthening against the yuan. the mexican peso down as well. it is having an impact across the board. jonathan: let's bring in some of the bloomberg team. they've been following this story throughout the last 24 hours, and that, i want to start with you. they told us it was a one off move, but if you will take notice of of the markets want to see, if we are heading lower debt to keep cutting the reference rate. they can't just be a one-off move can it? nick: the government is saying we will give the market a greater role, but at the same rate, sos is a fixing they are quite clear to make to read states with that 2% dan. the government's intentions are not exactly clear. this will obviously benefit chinese exports, chinese growth at a 7% target for the end of the year. it is real
Bloomberg
Aug 14, 2014 3:00am EDT
china will stop people might dark to shout at the screen right now. german be bearish on the economy? a big risk and we mentioned that they will address some of the issues and a misnomer is that they are not just buying germany. they are buying global growth. got a littleng optimistic. and i think we have neutralized that to a large extent in the last 6-8 weeks. we have seen underperformance. another thing that is happening is that china seems to be waking up. a credit condition seems to be there is lows. that there isy another boy on the block. >> coming into the second half, there seems to be a blanket on europe. it appears to get slammed for local reasons. macro reasons.r are you starting to draw a line on the position? ande look at countries characteristics we like. like in theing we context of the level they are at. view, thereint of are sectors that are growing well. and we think that some of the positioning has been normalized. ofare coming in terms quantitative characteristics. >> there we go. thank you very much for joining us this morning. profits are dim for german utility
Bloomberg
Apr 15, 2014 3:00am EDT
. they're questioning that demand level over in china. that is rio, that is down one percent. >> absolutely key we get u.k. numbers later. futures pretty flat to the morning. worst week in a month last week. look atail sales give a sentiment marginally. the ftse 100 and cac 40. 2/10 of oneown percent. janet yellen fed chief, she speaks. in around about 18 hours time we will be talking about one country, that is if you are awake, china. the world's second-largest economy. gdp industrial production, retail sales, that could drive sentiment going into things. look at the currency over the last year. this is the u.s. dollar getting stronger and the chinese currency getting weaker. it is at the weakest levels since september. is that to support exporters? there's one question being asked, is china at risk of a bigger slowdown? >> joining me now to discuss the market debate is a chief investment officer at state street global advisors. great to have you with me this morning, rick perry thanks for coming in. spring is in the air out there. the markets themselves are finding it tough
Bloomberg
Jul 22, 2015 3:00am EDT
more than 10% gained quarter on quarter, not less than 1%. is it china? tim cook said the china turmoil is creating near-term speed bumps. we saw the chinese weakness, a 21% overall quarter on quarter drop. but the iphone is still the cash cow. those sales fall short and that makes everyone sent a shiver down the back of their spine. but they are slumping in terms of their sales and of the watch did not sell as many as they hoped. that is apple. let's get on to microsoft. apple is the number one stock. the most valuable in the world. what is number two? this one. microsoft saw an $8.4 billion write-down. they are laying off more than 11,000 people and that will hurt. we saw significant write-downs and a net loss overall. the largest ever quarterly loss for microsoft. the nokia deal weighing heavily. read member we are buying less pcs. they are seeing windows struggle a little. there is hope for windows 10 launching july 29 to speaking very upbeat about what it will do for sales. cloud as in other areas of growth. cloud revenue's like we anticipate with amazon and sap yesterday,
Bloomberg
Apr 15, 2015 3:00am EDT
moment. looking over at china with the 7% number coming in. it was in-line with where the government wants that. if you dig deeper, the industrial production looks particularly weak and it is all about rebalancing and refocusing on the sumer and trained. there is a bit of a slowdown. we have mario draghi facing questions on quantitative easing. can you believe it? people were wondering when it might end. we have questions of structural reforms. what are they doing? you have it easy to spend and come by. let's take a look at the market and the drag on the australian dollar. it is a big area of commodities and they supply china and show a little bit of a wobble economy. that will head foreign currencies. chief and i on this. let's have a look at the commodities. oil is up in the united states because iran is the second member to come out this month. they say, maybe we should cut production in oil and the supply is hitting to us and driving down the oil price for a year now and urges a cut. we see a's fight in oil. ahead of the rate decision, we expect nothing for interest ra
Bloomberg
Nov 14, 2014 3:00am EST
? andly it is the demand side em and china is winding down. globally we have europe in a stagnating market and not able to sustain the investment. much leverage in the pilot sector in brazil or and russia it's too much lower in the public sector. in germany the world economy is flying on one engine. europe has done negative ,pending all of sees, austerity and now we need some sort of change. we are at this 300 billion investment plan this weekend. >> you and i will talk about that after the break but quickly i want to talk about markets after the collapse in the oil price. do you see it feeding into the credit market? in the u.s. high-yield market where energy is 20% of the market there has been a spillover. now there has been a normalization but u.s. junk bonds are affected. will it make the market collapse? no. they could create a higher full rate in the next few years. i do not think the energy prices at these levels are sustainable. i think it is sustainable. will talk about the investment dynamic versus the trading dynamic. here is a look at one stock on the move this morning.
Bloomberg
Apr 28, 2015 3:00am EDT
individuals. rocking the iphones in china. selling more in china than the united states. let's go back to some of these numbers. he basically said he was cautious. on the consumer side, they are doing quite well. the united states of america with a huge budget. what a storm he said of numbers. they are spending 2 billion on research. they really don't like the language they are seeing. dollar yen is so flat. we are waiting for the bank of japan. the consensus is they won't go for any more movement. will they go for more negative interest rates? 24 hours to go. >> when you flip that board, we got the open down. a big move after profits surged. plenty of bond news as well. the october 2016 note yield falls below zero for the first time. let me take it back to corporate's. the big earnings story came from the other side of the atlantic. it was a huge quarter for apple. profit rising 33%, led by big iphone sales. they have given some to investors, boosting the return to $70 billion. >> just to remind ourselves this is a company worth three quarters of a trillion. profit up 33%. look a
Bloomberg
May 10, 2016 2:30am EDT
-- comes after a tumultuous start to the year. china's consumer prices continue to rise at a healthy pace in april, but still below the target rate of the government. the inflation gain of 2.3% was driven by good prices, giving the pboc reason to hold back on another rate reduction. meanwhile, the producer price index narrowed more than expected last month. fighting poverty will be his top priority as he claims victory in the philippines. his platform included a zero tolerance approach to crime and corruption. his failed to damage appeal, capturing about 34% of the vote. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . thank you very much indeed. qualities to the space. a trading frenzy in china. daily turnover on china's futures market has jumped to the equivalent of $183 billion. investors are starting to pull back a little bit after authorities introduced trading curves. let's get the details now with alexander, who joins us out of singapore. right.er: yes, that is you ar
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