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Jan 30, 2024
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. - to the world of banking now — because hsbc has been fined more than 57 million pounds by the bankgs" over its measures to protect customer deposits. regulators found hsbc failed to accurately identify deposits eligible for britain's financial services compensation scheme — which protects customers' money up to £85,000 in case a bank goes bust the bbc�*s business editor simonjack has been looking at this. simon, £57 million is a small amount for a financial giant like hsbc, but what about customers, was their money ever at risk? it isa it is a big fine, the second highest in the regulator history, and for a big bank with a multi—billions, 57 million pounds amounts to a rap on the knuckles but nothing that will threaten the finances of this giant bank and what they were found to have done is you are meant to earmark which assets you have got in your balance sheet which would be protected by this financial services compensation scheme, this insurance policy for depositors. they have not labelled them correctly, and that meant in the instance, the unlikely instance that the bank got i
. - to the world of banking now — because hsbc has been fined more than 57 million pounds by the bankgs" over its measures to protect customer deposits. regulators found hsbc failed to accurately identify deposits eligible for britain's financial services compensation scheme — which protects customers' money up to £85,000 in case a bank goes bust the bbc�*s business editor simonjack has been looking at this. simon, £57 million is a small amount for a financial giant like hsbc, but...
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Jan 15, 2024
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and hsbc, there's the downgrade we got. let's talk about the rest of the week because things are going to warm up a little bit. we've obviously got the world economic forum continuing. some great interviews coming out of there. my initial takeaway so far is that who i've been listening to is unconvinced flaings is going to come down -- inflation is going to come down as easily as is being projected. u.s. bank earnings are going to continue as well. jobless days out of the u.k., germany's krrmt p.i., -- c.p.i., that's going to be a theme p this week. data out of china. i think we get -- let's just go with that. facebook out of the u.s. on wednesday. and u.k. industrial production, u.k. c.p.i. housing data, there's a lot going on there. let's dig into some of it and deal with what we've got. e.c.b. inflation, expectations are maybe a little bit stickier. i heard today, he's unconvinced of what's happening with the inflation story. out of austria, you have holtzman, there may not even be a need for rate cuts this year. i think
and hsbc, there's the downgrade we got. let's talk about the rest of the week because things are going to warm up a little bit. we've obviously got the world economic forum continuing. some great interviews coming out of there. my initial takeaway so far is that who i've been listening to is unconvinced flaings is going to come down -- inflation is going to come down as easily as is being projected. u.s. bank earnings are going to continue as well. jobless days out of the u.k., germany's krrmt...
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Jan 5, 2024
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that is for hsbc. we will take a look at that as well.t is not the only one which decided to cut the mortgage rates as well. they did cut to 4.9%. that is the number coming off over there. halifax cutting their rates by 83 basis points and so is leeds building society. hsbc saying the fixed mortgage rates will see significant cuts across the board and they are under regular review. a number of lenders cutting rates before christmas. this, perhaps, is the first of the big six cutting below 4%. that gives you a clear sense of where rates may go and gives credence to halifax seeing a drop of 2% and 4% in 2024. that is one interesting point of note as well across the data and we may see more cuts according to halifax. joumanna. >> arabile, thank you so much for that. such an interesting segment. to talk more about the state of the uk housing market, richard donnell is joining me on set. great to have you with us. the halifax is showing signs of green shoots in the housing market. will that continue for 2024? >> i think it really picks up in s
that is for hsbc. we will take a look at that as well.t is not the only one which decided to cut the mortgage rates as well. they did cut to 4.9%. that is the number coming off over there. halifax cutting their rates by 83 basis points and so is leeds building society. hsbc saying the fixed mortgage rates will see significant cuts across the board and they are under regular review. a number of lenders cutting rates before christmas. this, perhaps, is the first of the big six cutting below 4%....
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Jan 4, 2024
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hsbc is offering a five—year fixed rate mortgage at 3.94%. available to people remortgaging their home — not to first—time buyers. but it's far below rates of almost 6.5% that borrowers were facing just a few months ago. and it will be a welcome development for many uk households as our cost of living correspondent kevin peachey explains. there is more than 1.5 million homeowners who are going to be renewing their mortgages because their current deal is expiring this year. that new deal is likely to be more expensive. this renewed competition between lenders, really good news for them. they have relieved some of that financial pain and may make it a little bit less intense. landlords, the pressure on them eight years little and it could feed through to tenants who may see rent rises less sharply. all this possible because the converse predict the next move in the bank of england �*s benchmark rate will be down and so there has already fed through to mortgage lenders own funding costs. that is why the halifax has been able to announce this qui
hsbc is offering a five—year fixed rate mortgage at 3.94%. available to people remortgaging their home — not to first—time buyers. but it's far below rates of almost 6.5% that borrowers were facing just a few months ago. and it will be a welcome development for many uk households as our cost of living correspondent kevin peachey explains. there is more than 1.5 million homeowners who are going to be renewing their mortgages because their current deal is expiring this year. that new deal...
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Jan 12, 2024
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saul martinez, hsbc senior financial analyst. bloomberg. ♪ ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. alix: so, stocks turning slightly negative today. volume a little bit mixed. overall the s&p this week has done really well. abigail is tracking those moves. abigail: take a look at the s&p 500. up 1.6%, picking last week's losing streak. we have the russell 2000 down almost .2%, though. that is the third down in a row, potentially the longest losing streak since the middle of october. you have this tension between small caps and big caps, the russell 2000 could flip higher. new york crude down, and then the two year yield down 23 basis poin
saul martinez, hsbc senior financial analyst. bloomberg. ♪ ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first....
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Jan 30, 2024
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hsbc has been fined £57.4 million by the bank of england for "serious failings" over customer deposite financial watchdog. it said hsbc failed "over many years" to properly put in place the requirements to protect saver deposits dating back to 2015. you're live with bbc news. the tech billionaire elon musk says his neuralink company has successfully implanted one of its wireless brain chips in a human for the first time. he made the announcement on x — his social media platform — saying that the procedure happened on sunday and that the subject is recovering well. for more analysis i spoke to senior reporter at the independent, io dodd, who's in san francisco's silicon valley. the significance, we are not really sure. elon musk and neuralink have not said very much about the specifics of the test, only that there has been a successful implantation, which is good news, especially considering the chequered history of animal rights this company has in its previous nonhuman tests. brain computer interfaces, that is the general word for the category of devices it is in, things that read ou
hsbc has been fined £57.4 million by the bank of england for "serious failings" over customer deposite financial watchdog. it said hsbc failed "over many years" to properly put in place the requirements to protect saver deposits dating back to 2015. you're live with bbc news. the tech billionaire elon musk says his neuralink company has successfully implanted one of its wireless brain chips in a human for the first time. he made the announcement on x — his social media...
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Jan 4, 2024
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and then others like hsbc will announce further or we'll see further reductions.e got. it will depend on your circumstances. and another warning that brokers expect more rate cuts to come, but they won't fall to the ultra low levels that we've benefited from for a decade or so. around the world and across the uk, this is bbc news. this is new beginnings were racehorses come before the find new homes. , ., ., racehorses come before the find new homes. , . ., ., homes. they are at the end of their racin: homes. they are at the end of their racing career. _ homes. they are at the end of their racing career, they _ homes. they are at the end of their racing career, they are _ homes. they are at the end of their racing career, they are fighting - racing career, they are fighting fit. when they are no longer a racehorse, they learn to slow down a little bit and use their body differently and learn new skills. we do specialise in quirky, difficult horses — do specialise in quirky, difficult horses if— do specialise in quirky, difficult horses. if a horse, when he finishe
and then others like hsbc will announce further or we'll see further reductions.e got. it will depend on your circumstances. and another warning that brokers expect more rate cuts to come, but they won't fall to the ultra low levels that we've benefited from for a decade or so. around the world and across the uk, this is bbc news. this is new beginnings were racehorses come before the find new homes. , ., ., racehorses come before the find new homes. , . ., ., homes. they are at the end of...
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Jan 17, 2024
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alix: hsbc analysts cutting price targets.ments, another sign of softness in the market. guy knows i hardly drink anymore. moet -- moet ceo spoke about challenges facing consumers. >> we are optimistic on the markets. we have gone through this reorientation. we continue to be optimistic to continue the nice growth we had. retail has been doing well for us. travels have been out there, buying airports at a high rate. we will be able to continue that. alix: cartier owner richmont mines -- richment set to report earnings. let's start with richemont. what do we look for tomorrow? >> we have had a range of companies that reported for that period. we had vertebrae posing for percent sales decline. the market is looking for richmeont to come in with sales growth of 7%. that would mean an acceleration from the 5% the reported in the prior quarter. guy: over the last few years, precious had have gone up in the luxury sector. it is been fantastic. that face feels like it is over. how much we going to get within the sector? how much of t
alix: hsbc analysts cutting price targets.ments, another sign of softness in the market. guy knows i hardly drink anymore. moet -- moet ceo spoke about challenges facing consumers. >> we are optimistic on the markets. we have gone through this reorientation. we continue to be optimistic to continue the nice growth we had. retail has been doing well for us. travels have been out there, buying airports at a high rate. we will be able to continue that. alix: cartier owner richmont mines --...
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Jan 3, 2024
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hsbc has become the latest big uk lender to start the year with mortgage interest rate cuts.t some rates by almost one percentage point. 0ur cost of living correspondent kevin peachey is here. so, what's the prospect for people with mortgages in the coming year? more than1.5 more than 1.5 million homeowners are going to be renewing their mortgages because their current deal is expiring this year. that new deal is likely to be more expensive so this renewed competition between lenders is really good news for them, it may relieve some of that financial pain and might make it a bit less intense. rememberthat and might make it a bit less intense. remember that landlords, the pressure on them my teaser little and that could feed through to tenants who may see those rent rises go a little less sharply. all this is possible because economists are predicting the next move in the bank of england's benchmark rate will be down and so that is already fed through to mortgage lenders�* on funding costs, so that is why the halifax, the uk�*s biggest lender, has been able to announce this qu
hsbc has become the latest big uk lender to start the year with mortgage interest rate cuts.t some rates by almost one percentage point. 0ur cost of living correspondent kevin peachey is here. so, what's the prospect for people with mortgages in the coming year? more than1.5 more than 1.5 million homeowners are going to be renewing their mortgages because their current deal is expiring this year. that new deal is likely to be more expensive so this renewed competition between lenders is really...
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Jan 30, 2024
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hsbc said it was pleased to have resolved the "historic matter".al monetary fund has warned the chancellor, jeremy hunt, against announcing more tax cuts. it says money will be needed to invest in key services like the nhs, education and social care. the warnings comes as the imf�*s latest forecast points to slower than expected growth over the next two years. 0ur economics editor, faisal islam, joins me now. what will the chancellor think of that? ,, ., ., ., . what will the chancellor think of that? ., ., . ., that? some unwanted advice for the chancellor from _ that? some unwanted advice for the chancellor from the _ that? some unwanted advice for the chancellor from the international i chancellor from the international body charged with seeking out financial danger. we are used to the odd dustup between the imf on the uk government but what is interesting is the timing and the context that we are in the run—up to the budget on march the 6th and today the chancellor received from his own watchdog, the office for budget responsibility the raw num
hsbc said it was pleased to have resolved the "historic matter".al monetary fund has warned the chancellor, jeremy hunt, against announcing more tax cuts. it says money will be needed to invest in key services like the nhs, education and social care. the warnings comes as the imf�*s latest forecast points to slower than expected growth over the next two years. 0ur economics editor, faisal islam, joins me now. what will the chancellor think of that? ,, ., ., ., . what will the...
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Jan 4, 2024
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felt to an 18 month low and december in india according to a business survey released yesterday by hsbcave more from them by. what has led to this? fix, by. what has led to this? couple of factors. including slower demand for new orders as well as factory output which caused lower numbers down to about 54.6 as opposed to 56 in november, so we are still about an expansionary territory, but going ahead it does appear that the outlook that a lot of the manufacturers do have is much more sanguine. that's the number of reasons including the fact that the indian economy continues to be one of the most robust in the world. inflation has begun coming down and interest rates are heading down as well and that essentially goes on to show that manufacturers will have a much better 2020 for at least the next few months going ahead. thanks for that nikhil inamdar speaking to us from mumbai. it has been 45 years since china and the us established diplomatic ties. in that time, china's economy has grown to become the the second largest in the world behind the us. that rapid rise was largely built on a r
felt to an 18 month low and december in india according to a business survey released yesterday by hsbcave more from them by. what has led to this? fix, by. what has led to this? couple of factors. including slower demand for new orders as well as factory output which caused lower numbers down to about 54.6 as opposed to 56 in november, so we are still about an expansionary territory, but going ahead it does appear that the outlook that a lot of the manufacturers do have is much more sanguine....
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and some good news as well. >> when it comes to mortgage rates, hsbc are now offering rates, hsbc are to do so , and it's hoped lender to do so, and it's hoped others are going to follow suit . others are going to follow suit. i think we have just lost russell. we have lost russell. reconnect with him. >> he's said his piece, so he's unplugged his it's positive news 24 is looking like . it's on the 24 is looking like. it's on the up. well fixed rate deals of under 4% sound much more manageable. all as one of our paper reviewers was saying earlier on, the problem is, and yet your heart has to go out to people who've signed a fixed rate deal for five 6% in the last few months . yeah, i've got last few months. yeah, i've got now it's dropped. >> i've got a friend who has got a mortgage of over £4,000 because they fixed at the highest level, 4000 really struggling, really struggling. >> good. >> good. >> sorry to make ends meet. >> sorry to make ends meet. >> yeah. very, very difficult. >> yeah. very, very difficult. >> let's see if we. >>— >> let's see if we. >> i think we've got russell
and some good news as well. >> when it comes to mortgage rates, hsbc are now offering rates, hsbc are to do so , and it's hoped lender to do so, and it's hoped others are going to follow suit . others are going to follow suit. i think we have just lost russell. we have lost russell. reconnect with him. >> he's said his piece, so he's unplugged his it's positive news 24 is looking like . it's on the 24 is looking like. it's on the up. well fixed rate deals of under 4% sound much more...
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Jan 15, 2024
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frederick newman is with us, head of global research at hsbc.t happened in taiwan and is happening in the red sea, do you think it is a reminder that geopolitics have a tangible effect on prices for example? prices are going up. the taiwan strait is a key trade route. what assumption should we make? >> geopolitics is front and center. we would add u.s. election strikes. he geopolitical issue with ukraine for example still there, so this year it's not about the cyclical outlook, it's not as if we will see nasty recessions, its geopolitical risks front and center this year and we have been building up for several years. we grew up with a generally quiet geopolitical environment in 1990 with upsets, but this is the return of geopolitics and we need to learn how to live with political risk. rishaad: it has become the alpha. on top of what you said, ukraine, the middle east, across straits problem. elections in countries which represent 40% of gdp, then the trade war and the federal reserve, these are grey swan events that you referred to. >> we know
frederick newman is with us, head of global research at hsbc.t happened in taiwan and is happening in the red sea, do you think it is a reminder that geopolitics have a tangible effect on prices for example? prices are going up. the taiwan strait is a key trade route. what assumption should we make? >> geopolitics is front and center. we would add u.s. election strikes. he geopolitical issue with ukraine for example still there, so this year it's not about the cyclical outlook, it's not...
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Jan 5, 2024
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that is dominic bunning, hsbc head of european fx.his is bloomberg. ♪ guy: let's talk about where this market is right now and where it has been. second, third, fourth, fifth. you can see the start of the year. i have put the last day of the year in here. you can see the cap higher at the beginning of the year, but subsequent to that, since the start of the week we have been fading the move ever since. that tells you a little bit about today's rally. you need to see today's rally at the back end of this session in that context. it just unwinds a little bit of the negativity, but it is still there. i'm going to lead that onto the 52-we close and talk about where we are but some of these stocks. normally i look at highs at this point. it has been the narrative of the last few weeks. but in terms of 52-we close there are a few out there today that i think are worth focusing on. remi perno, certainly two of them. a big reaction, considering how small the market exposure here is that is a very big reaction. the other thing i want to flag i
that is dominic bunning, hsbc head of european fx.his is bloomberg. ♪ guy: let's talk about where this market is right now and where it has been. second, third, fourth, fifth. you can see the start of the year. i have put the last day of the year in here. you can see the cap higher at the beginning of the year, but subsequent to that, since the start of the week we have been fading the move ever since. that tells you a little bit about today's rally. you need to see today's rally at the back...
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Jan 17, 2024
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you talk about hsbc and the idea of integrating the canada business.quire? -- acquire? david: we just acquired dolphin in the u.k., and we are the six largest wealth manager in the u.s., the number one wealth manager in distribution of asset management in canada, so we are building this fantastic global franchise. when we think about acquisition and m and aa, are global franchise is part of it, whether the u.s., europe, or whether our fragmented opportunities in the u.k. so building out that global franchise is important over time. it will generate excess capital, even more so with the hsbc acquisition and the ability to do cash transactions. so wealth management is a major focus. lisa: you said it was not investment banking and you are interested in further wealth management target acquisitions, but people are wondering what will happen to regional banks. there needs to be some sort of roll up. you are not involved, that's what it sounds like. why? are you concerned about some of these banks? david: we have a fantastic regional u.s. and citibank in ca
you talk about hsbc and the idea of integrating the canada business.quire? -- acquire? david: we just acquired dolphin in the u.k., and we are the six largest wealth manager in the u.s., the number one wealth manager in distribution of asset management in canada, so we are building this fantastic global franchise. when we think about acquisition and m and aa, are global franchise is part of it, whether the u.s., europe, or whether our fragmented opportunities in the u.k. so building out that...
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the same thing happened with the, um, with not the same thing with hsbc , the same thing with the hsbcme thing with the hsbc, the ppe thing. >> we're going to have to move on. lewis i'm afraid. but we're going to have a look at the mirror. uh, prince andrew, uh, prince andrew and this is in the mirror. >> this is a this is this is basically the big news. prince andrew. i'm going nowhere. duke to resist. attempt to kick him out mansion, which is out of his mansion, which is called the royal lodge. 330 rooms and let's head bedrooms. and this is this is a fallout because they've released documents from the american court case about jeffrey epstein and i know what you're thinking. i do look like him because he's a very handsome man. and i hope to jeffrey epstein in the to play jeffrey epstein in the crown . uh, seasons, season seven crown. uh, seasons, season seven jeffrey epstein was notorious for doing his research . for doing his research. >> i don't know if you're aware of that, but i just mentioned it. i will just say, i mean, i think this is maybe me going out on a bit of a limb here
the same thing happened with the, um, with not the same thing with hsbc , the same thing with the hsbcme thing with the hsbc, the ppe thing. >> we're going to have to move on. lewis i'm afraid. but we're going to have a look at the mirror. uh, prince andrew, uh, prince andrew and this is in the mirror. >> this is a this is this is basically the big news. prince andrew. i'm going nowhere. duke to resist. attempt to kick him out mansion, which is out of his mansion, which is called...
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Jan 3, 2024
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hsbc with this one. cut stocks, cut credit, go to cash. >> who has been talking about goldilocks heavily into risk all of last year even though people were bearish. is it because he actually sees earnings going down or they're not beating this inflationary trend. he said sentiment and position. that seems to be the anti-goldilocks. >> he is using the word giddy. it's the same idea. there is an effervescence. >> this line jumped off the page to me. we continue to believe from a multi-asset perspective the biggest risk is not from a sudden deterioration but another pricing in rates. tom: the repricing is there. antoine telling it on the analysis of private equity and private equity. their struggle with the new regime. things got better. no one's really framed that up. jonathan: saying the same thing. tom: what did he say? jonathan: this is gassing but ultimately he thinks it could be another repricing in rates. next stock, fed minutes, did not they discussed cutting interest rates sometime soon? lisa: how
hsbc with this one. cut stocks, cut credit, go to cash. >> who has been talking about goldilocks heavily into risk all of last year even though people were bearish. is it because he actually sees earnings going down or they're not beating this inflationary trend. he said sentiment and position. that seems to be the anti-goldilocks. >> he is using the word giddy. it's the same idea. there is an effervescence. >> this line jumped off the page to me. we continue to believe from a...
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Jan 4, 2024
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the uk's biggest, the halifax, has cut some interest rates by close to one percentage point, while hsbcmore on this story in 15 minutes. you're live with bbc news. here in the uk, a row about emergency cover has broken out between national health service bosses and union leaders, as a strike byjunior doctors in england enters its second day. on wednesday, nhs leaders made 20 requests for striking doctors to cross the picket line and help overstretched services but the british medical association accused them of misusing the system. a number of nhs trusts have reported long waiting times in a&e, with some declaring critical incidents. here's our health editor hugh pym. withjunior doctors out with junior doctors out on strike, around between the union, british medical association and nhs leaders in england has blown off. if the safety of emergency services is threatened they can call back striking doctors but they have to demonstrate they have exhausted all sources. bma claims they are not producing enough evidence out of 20 request so far almost all have been rejected. irate request so f
the uk's biggest, the halifax, has cut some interest rates by close to one percentage point, while hsbcmore on this story in 15 minutes. you're live with bbc news. here in the uk, a row about emergency cover has broken out between national health service bosses and union leaders, as a strike byjunior doctors in england enters its second day. on wednesday, nhs leaders made 20 requests for striking doctors to cross the picket line and help overstretched services but the british medical...
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Jan 3, 2024
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the uk's biggest, the halifax, has cut some interest rates by close to one percentage point, while hsbcing storm henk, that swept across large parts of the uk. high winds caused widespread travel disruption and thousands of homes lost power. flood warnings are still in place in england, scotland and wales due to heavy rain. phil mackie has the latest. it's not looking good for ian harris. this is the fifth big flood since he moved in in 2016. this level of flooding used to be called a 50—year event. now it's happening annually. it's becoming pretty frequent. it never used to be like this. it is getting worse and worse. the expected peak in worcester tomorrow will get very close to the record set four years ago. sometimes you get a sharp peak and it drops very quickly and it can go off in a day or so. other times it can really stretch out over one or two weeks. this looks like a longer stretched out one. it's not going to go down quick, i don't think. ian's well prepared. he's lived here for a while. paul wasn't so lucky. he hasjust moved here and that is his car. it's probably a write—o
the uk's biggest, the halifax, has cut some interest rates by close to one percentage point, while hsbcing storm henk, that swept across large parts of the uk. high winds caused widespread travel disruption and thousands of homes lost power. flood warnings are still in place in england, scotland and wales due to heavy rain. phil mackie has the latest. it's not looking good for ian harris. this is the fifth big flood since he moved in in 2016. this level of flooding used to be called a 50—year...
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Jan 3, 2024
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your talking about hsbc, bernstein, all those market bowls, they are falling like dominoes in januaryecause they think we have gone too far. fairpoint. it is going crazy. guy: they are talking about buying the debt, essentially. michael: the outlook for the year is still bullish. with all the strategies, they see more gains. it has been overheated lately. they want to see a dip. katie: come in and talk about positioning. citigroup alluding to that test one of the reasons why conceding pullback that seems to have materialized in 2024. is that the feeling or broadly among strategist? j.p.: absolutely. if you look at some trend and momentum indicators, everything was green at years end and so bullish on momentum. there was positioning and repositioning going on. there was a big portion of the field that helped markets rally in november and december. everybody was surprised. and you had the change in the right outlook. positioning has not been super stretched, but it is very long. the dip we are now seeing building up is a novel. if you look at statistics, over the past 20 years, we've on
your talking about hsbc, bernstein, all those market bowls, they are falling like dominoes in januaryecause they think we have gone too far. fairpoint. it is going crazy. guy: they are talking about buying the debt, essentially. michael: the outlook for the year is still bullish. with all the strategies, they see more gains. it has been overheated lately. they want to see a dip. katie: come in and talk about positioning. citigroup alluding to that test one of the reasons why conceding pullback...
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Jan 22, 2024
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hsbc downgrading lululemon to hold.out performed the sector in the past, but the gap is likely to narrow over this year and next. shares are unchanged in the pre-market. ubs is upgrading jb hunt moving to buy and price target to 234 per share. it sees evidence of the margin reaching a bottom. >>> time for the global briefing. we start with the nikkei hitting t the 34-year high following the positive earning report last week for the semiconductors. this after the key central bank decision tomorrow with many expecting the bank of japan to maintain ultra low interest rates. and also sony calling off the merger with zee entertainment. the deal was announced over two years ago and was seen as a potential major market mover for both companies as they navigate the competitive media industry. sony says the failed merger will not have any material impact on the fiscal 2024 result. you see shares of sony moving 2% higher. zee entertainment down 1%. and kindred receiving a takeover bid for fbj. the wall street tujournal repord the
hsbc downgrading lululemon to hold.out performed the sector in the past, but the gap is likely to narrow over this year and next. shares are unchanged in the pre-market. ubs is upgrading jb hunt moving to buy and price target to 234 per share. it sees evidence of the margin reaching a bottom. >>> time for the global briefing. we start with the nikkei hitting t the 34-year high following the positive earning report last week for the semiconductors. this after the key central bank...
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Jan 8, 2024
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losses led by the likes of x paying, the ev maker extending declines from last week, when hsbc downgraded the earnings outlook, citing rising price pressures for the chinese company. let's take a look at the other bunch of stocks we have been tracking today. those are the suppliers for playmaker boeing in asia, including the ones listed in china as well as south korea, as the investigation into the alaska airlines incident continues. as investors assess the impact of the grounding of the 737 max 9 jets. kriti: i'm going to zoom now into that boeing story you mentioned. the door plug from the boeing 737 max 9 that suffered the fuselage panel blowout have been found. in a press conference, the u.s. national transportation safety board said the cockpit voice recorder was unusable. asia transport reporter danny lee joins us for more. what else is the safety board saying? >> jennifer homendi, the chair of the nt essay, describing the chaos on board when this bang happened causing this rapid explosive depressurization. for example, the cockpit door, the force of the air rushing out of the plane
losses led by the likes of x paying, the ev maker extending declines from last week, when hsbc downgraded the earnings outlook, citing rising price pressures for the chinese company. let's take a look at the other bunch of stocks we have been tracking today. those are the suppliers for playmaker boeing in asia, including the ones listed in china as well as south korea, as the investigation into the alaska airlines incident continues. as investors assess the impact of the grounding of the 737...
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Jan 9, 2024
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. >> i was going to do that as part after call from hsbc.ed to a hold from buy. >> which i don't understand because the tail winds for a morgan stanley are so great. look at the capital markets activity going on this year when you talk about -- >> i know, but it's kind of exclusive to the health care space. >> apache, they did one there as well. you sue juniper networks. they're all starting to happen. >> sarat? >> yes, josh? >> on morgan stanley -- so james gorman is gone and most of their execution issues are probably behind them. i think he set them up on great footing. he says him seven the challenge will be strategic. like, they have to get into the right other areas and move left and right, and we don't know yet. it's an unproven situation, a brand-new ceo. does that give you any concern? >> no. i think ted pick was a great pick because if you look what james gorman did, 60% comes from wealth management. that will get better. the rest of it is, you have m&a activity, that's where ted pick came from. that's where you're going to see muc
. >> i was going to do that as part after call from hsbc.ed to a hold from buy. >> which i don't understand because the tail winds for a morgan stanley are so great. look at the capital markets activity going on this year when you talk about -- >> i know, but it's kind of exclusive to the health care space. >> apache, they did one there as well. you sue juniper networks. they're all starting to happen. >> sarat? >> yes, josh? >> on morgan stanley -- so...
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Jan 22, 2024
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the playbook is not changed for the team at hsbc. bonds are going to go lower and that seems to be the conviction that continues. jonathan: coming up, bob diamond, ceo of -- alongside stuart kaiser and kelsey barrow. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. c'mon, we're right there. c'mon baby. fund investment objectives, rit's the only we need.s go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them f
the playbook is not changed for the team at hsbc. bonds are going to go lower and that seems to be the conviction that continues. jonathan: coming up, bob diamond, ceo of -- alongside stuart kaiser and kelsey barrow. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with...
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Jan 24, 2024
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hsbc asset management says indian bonds are likely to attract about $100 billion of foreign inflows intimate that the inclusion into global indices may trigger inflows as much as $50 billion. india is becoming a favorite for wall street investors, who tried to buy one of the world's fastest rates of economic growth. bloomberg learned the interim head of access investment bank departed the firm. sources say he left his role earlier this week and he is the third senior executive to leave axis capital in recent months, with the departures coming amid an ipo boom. bloomberg learned buys you -- l earned byju is looking to raise funds, asking for $100 million. that is down from the 22 billion dollars at its previous round. byju's has been battling a cash crunch for several months now. haslinda: seven minutes into the indian trading day. it is under pressure. we talked about the head and shoulder pattern. that is signaling further slumps. we are seeing that today. nifty index currently flat. keep it here with us. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to
hsbc asset management says indian bonds are likely to attract about $100 billion of foreign inflows intimate that the inclusion into global indices may trigger inflows as much as $50 billion. india is becoming a favorite for wall street investors, who tried to buy one of the world's fastest rates of economic growth. bloomberg learned the interim head of access investment bank departed the firm. sources say he left his role earlier this week and he is the third senior executive to leave axis...
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Jan 17, 2024
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last week hsbc came out down grade to go a neutral in risk assets saying a reverse goldilocks period. know if that's what we're in or not or have to have a routine pullback it seems the market is unsettled. the vix at 15. you're start to go see some signs out there that because of this week, mechanically we're fragile. so far not a lot of damage at the index level. >> the nasdaq is down about 1% right now and as far as the everything else idea of the mart a bit of a lack of confidence. you can feel it that, you know, the buyers are going to come in right now for those other names. >> people wanted it too bad. they took credit for it. they applauded it. it was a two-month respite >> i'll see you on "closing bell." that's mike santoli. >>> coming up, two big winners, two big losers, that's next. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones >>> welcome back joe, i want to talk about monster beverage it was reiterated a buy at g goldman sachs today. you own it, so let's do
last week hsbc came out down grade to go a neutral in risk assets saying a reverse goldilocks period. know if that's what we're in or not or have to have a routine pullback it seems the market is unsettled. the vix at 15. you're start to go see some signs out there that because of this week, mechanically we're fragile. so far not a lot of damage at the index level. >> the nasdaq is down about 1% right now and as far as the everything else idea of the mart a bit of a lack of confidence....
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Jan 5, 2024
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dominic bunning is going to join us from hsbc. the perfect person to talk to about this.berg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. get over here kids. you've got more options time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. guy: friday the fifth of january. this map does not tell you the story. this shows you nothing is happening, but that is not the case. we have seen a big turnaround into the end of the day in europe. now, potentially we will see how the next half-hour goes. you could have a positive end to the day.
dominic bunning is going to join us from hsbc. the perfect person to talk to about this.berg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. get over here kids. you've got more options time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh,...
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Jan 4, 2024
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we return to the quote we got from max kantner of hsbc yesterday.i-asset perspective the biggest risk is not from a sudden deterioration in earnings or activity but another repricing in rates. tk, as we commence a new trading year and start 2024, we are close to that repricing now. tom: i think that will be quick. five standard deviations. pushing back against a lot of the caution, gina martin adams on equities was blistering yesterday over the guesstimates, the certitude that earnings will come in short. she said the fact is, at the point in the cycle where we are, you do get out to high sigel digit, double-digit earnings growth. jon: michael mckee final word on the data? mike: it would suggest we are at least in status quo, which has been good news for the overall economy, because we are not seeing inflation rise but we are seeing employment strong. that is what the fed and the soft landing people want to see. jon: payrolls report tomorrow morning, 8:30 eastern time, the estimate in our survey currently 171,000. the data so far, so good on the adp
we return to the quote we got from max kantner of hsbc yesterday.i-asset perspective the biggest risk is not from a sudden deterioration in earnings or activity but another repricing in rates. tk, as we commence a new trading year and start 2024, we are close to that repricing now. tom: i think that will be quick. five standard deviations. pushing back against a lot of the caution, gina martin adams on equities was blistering yesterday over the guesstimates, the certitude that earnings will...
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Jan 30, 2024
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hsbc incorrectly marked 99% of eligible deposits as ineligible dating back .d dating back. to 2015, and millions of people in england can now access and view their prescriptions on the nhs app for the first time. nhs england say each repeat prescription order from the app saves gps three minutes and saves patients 18 minutes, with each online order. health secretary victoria atkins says it will ease pressure on pharmacists and cut waiting lists . and finally , billionaire lists. and finally, billionaire elon musk has announced the first human patient to receive a brain chip from his company neuralink , and say they are neuralink, and say they are recovering well. he says he hopes the product , called hopes the product, called telepathy, will eventually allow users with disabilities like stephen hawking to communicate faster than an auction year. he says the initial results show promising neurone spike detection , meaning it could detection, meaning it could enable control of your phone or computer just by thinking . and computer just by thinking. and you can g
hsbc incorrectly marked 99% of eligible deposits as ineligible dating back .d dating back. to 2015, and millions of people in england can now access and view their prescriptions on the nhs app for the first time. nhs england say each repeat prescription order from the app saves gps three minutes and saves patients 18 minutes, with each online order. health secretary victoria atkins says it will ease pressure on pharmacists and cut waiting lists . and finally , billionaire lists. and finally,...
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Jan 5, 2024
01/24
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we have s&p global releasing december figures for the hsbc nps services and composite pmi data. announce its estimate for full-year gdp growth later in the day. at the same time, we have bloomberg economics looking at perhaps an expecting a forecast of growth of around 7.3% for india for the fiscal year 2024, but our next guest is projecting an even lower figure. let's get to the deputy head of research and economist at bloomberg bank institutional equities. what is your read and why? >> we are expecting gdp growth from 6.5% for fiscal year 2024. in a way, this is just an extrapolation of very strong first-quarter growth, but we are factoring in some slowdown look at the third quarter and fourth quarter of this fiscal year, so we think average growth will be somewhere between -- around 5.5% for the second half of the year. that's why we have a lower number, but given that the government last week will go with the growth numbers in the first half to be very strong, i think growth numbers are likely to be higher than that. rishaad: we also need to talk about what will be the key d
we have s&p global releasing december figures for the hsbc nps services and composite pmi data. announce its estimate for full-year gdp growth later in the day. at the same time, we have bloomberg economics looking at perhaps an expecting a forecast of growth of around 7.3% for india for the fiscal year 2024, but our next guest is projecting an even lower figure. let's get to the deputy head of research and economist at bloomberg bank institutional equities. what is your read and why?...
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Jan 18, 2024
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hsbc worrying haidi: a challenging session for markets at the moment as we have variable risks to benomic slowdown, the data, and the uncertain path to easing from major central banks. this as we get job stayed out of australia released today. the employment change seeing a contraction of over 65,000 jobs from the broader employment picture in nostril you, really giving back all and then some of the previous month. quite a bit of turbulence. on a plummet rate staying on hold at 3.9% -- the unemployment rate staying on hold at 3.9%. it's a little softer than expectations. over 106,000 full-time jobs have been taken from the economy following a 57,000 gain. part-time unemployment, though, seeing a gain of 41,000 for the us trillion economy. this is potentially streaming into what we see from the rbi, amid declining consumer confidence going into the start of the year. household, individuals anxious about finances clearly going into what has been a series of rapid rate increases. that market reaction as well in the dollar and trillion stocks. a pretty sharp decline in employment in the
hsbc worrying haidi: a challenging session for markets at the moment as we have variable risks to benomic slowdown, the data, and the uncertain path to easing from major central banks. this as we get job stayed out of australia released today. the employment change seeing a contraction of over 65,000 jobs from the broader employment picture in nostril you, really giving back all and then some of the previous month. quite a bit of turbulence. on a plummet rate staying on hold at 3.9% -- the...
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Jan 18, 2024
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strategist at hsbc have told bloomberg the market has risen too far and investors should start takingits, but that is a contrarian view. at bank of america survey this week found 59% of asia's fund managers are overweight japan. we will take a look at the set up as we get into it. we were about half an hour away from the start of trading in tokyo. we have seen those overbought signals for quite some time, but still, it has been a strong bolt out of the gates, if you will. we are seeing broadly and update as we end the week. asian stocks looking to rally into the close as we see sydney stocks were covering after five consecutive days of losses. watching and lot of the tech names in the asian session, of course, that was the big rally with the nasdaq 100 closing at a fresh record high. we are watching apple suppliers when korea, taiwan, and japan come online as well, given apple climbing on the back of that analyst update as well. some of those spaces we will be watching in today's session. >> the philadelphia semiconductor index seeing its best day in more than a month. it was really t
strategist at hsbc have told bloomberg the market has risen too far and investors should start takingits, but that is a contrarian view. at bank of america survey this week found 59% of asia's fund managers are overweight japan. we will take a look at the set up as we get into it. we were about half an hour away from the start of trading in tokyo. we have seen those overbought signals for quite some time, but still, it has been a strong bolt out of the gates, if you will. we are seeing broadly...
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Jan 2, 2024
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hsbc, still quite bullish.ities when it comes to japanese banks according to fulcrum. the boj, still very much that wildcard. haidi: the boj is the wildcard. and some of those expectations are exiting icc negative rates from the fourth quarter, pimco seeing under which policy could tighten quite notably, that is one of the big risk factors. we are also hearing from the japanese prime minister, speaking to reporters, talking about the new year's day earthquake, the ensuing tsunami and tsunami warning that is still in place for parts of japan. speaking to reporters, saying they have set up a local task force for the earthquake. we are here in confirmation from nhk the earthquake has killed eight people and japan -- in japan. there's a lot of disruption ongoing. one of the big calls, one of the big uncertainties is where the greenback is headed. for more weakness this year? markets are expecting the fed to start cutting rates. let's ask our bloomberg mlive strategist. mary nicola. it does look like a lot of struct
hsbc, still quite bullish.ities when it comes to japanese banks according to fulcrum. the boj, still very much that wildcard. haidi: the boj is the wildcard. and some of those expectations are exiting icc negative rates from the fourth quarter, pimco seeing under which policy could tighten quite notably, that is one of the big risk factors. we are also hearing from the japanese prime minister, speaking to reporters, talking about the new year's day earthquake, the ensuing tsunami and tsunami...
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Jan 30, 2024
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let's bring a pet of asia equity at hsbc who joins us from singapore.et's start with the dollar in the way it could kickstart things. we see four weeks of gains right now. what is that tell you. is it time to resell the dollar at this point? >> i think the dollar has shown -- the bearishness of the dollar has faded. the bearishness from late last year because the u.s. economy is showing a lot of resilience. i think this contrast for the european economy this week when the european economy reports gdp, which is going to be showing 0% growth for fourth quarter. david: since you brought up europe, i don't -- i know you don't directly carve into euro, but that has stood out to the downside. what is your sense of how the effects conflicts has been affected by the weakness of the euro? >> was going on with the euro is unique to the euro zone because the economy is weak and ecb is turning dovish. i think this euro-dollar decline is leading to a little bit of a dip, but not enough to derail asia effects from shading -- trading on their own. basically, we are se
let's bring a pet of asia equity at hsbc who joins us from singapore.et's start with the dollar in the way it could kickstart things. we see four weeks of gains right now. what is that tell you. is it time to resell the dollar at this point? >> i think the dollar has shown -- the bearishness of the dollar has faded. the bearishness from late last year because the u.s. economy is showing a lot of resilience. i think this contrast for the european economy this week when the european economy...
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it's, you know, it's like it's like i said, it's like the it's like that hsbc, whatever the banking scandal scandal where they're like charging people £35 for a slightly thing, which slightly overdrawn thing, which they knew was illegal. and yet in order for you to get money, you've got to make a complaint and ask about it. i want to add to this. >> going f“ p“ t-— >> we're going to move on to the next but i want to say >> we're going to move on to the nextthing but i want to say >> we're going to move on to the nextthing that i want to say >> we're going to move on to the nextthing that i'veant to say >> we're going to move on to the nextthing that i've been say one thing that i've been following this for a few years now. never now. the thing that i never realised is realised until this article is that the office massively that the post office massively profited the profited from this because the people accused had to people who were accused had to pay people who were accused had to pay all this missed money pay back all this missed money to them. so the post office made loads of wow , it'
it's, you know, it's like it's like i said, it's like the it's like that hsbc, whatever the banking scandal scandal where they're like charging people £35 for a slightly thing, which slightly overdrawn thing, which they knew was illegal. and yet in order for you to get money, you've got to make a complaint and ask about it. i want to add to this. >> going f“ p“ t-— >> we're going to move on to the next but i want to say >> we're going to move on to the nextthing but i...
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Jan 22, 2024
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we'll talk with hsbc's chief strategist on why he's cutting risk exposure. >>> more from our conversation a.i. >>> marriott unveiling new growth numbers. with shares up 40% in the past year. tony capuano is with
we'll talk with hsbc's chief strategist on why he's cutting risk exposure. >>> more from our conversation a.i. >>> marriott unveiling new growth numbers. with shares up 40% in the past year. tony capuano is with
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Jan 30, 2024
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. >> the bank, hsbc , has been >> the bank, hsbc, has been fined £57.4 million by the bank of england'son. this dates back to 2015. it's the second highest penalty ever imposed by the financial watchdog , a move to financial watchdog, a move to block the government's flagship rwanda bill in the house of lords was voted down last night by a majority of 122 and in a surprise intervention, lord kenneth clarke , the conservative kenneth clarke, the conservative former chancellor, refused to back the bill, labelling labelling it a step too far. time to get the weather update alex burchell has that . alex burchell has that. >> very good morning to you alex burkill here with your latest gb news weather forecast . whilst news weather forecast. whilst tomorrow is looking very windy news weather forecast. whilst tonsome is looking very windy news weather forecast. whilst ton some of looking very windy news weather forecast. whilst ton some of loctoday,ery windy news weather forecast. whilst tonsome of loctoday, it'swindy for some of us today, it's actually going to turn largely fine sunny. yes it
. >> the bank, hsbc , has been >> the bank, hsbc, has been fined £57.4 million by the bank of england'son. this dates back to 2015. it's the second highest penalty ever imposed by the financial watchdog , a move to financial watchdog, a move to block the government's flagship rwanda bill in the house of lords was voted down last night by a majority of 122 and in a surprise intervention, lord kenneth clarke , the conservative kenneth clarke, the conservative former chancellor,...
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Jan 29, 2024
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next cap over hsbc this morning talking about roro and yolo, risk on risk off and you only live once.le we are not going to either of them, how do you sort of characterize where we are and how you maneuver at a time with such bifurcated risk and such lack of clarity? sophie: certainly a lot of uncertainty. as i know, i've kind of beaten this drum on the show a few times. more so than ever it is a time to remember the basics, so this is things like making sure diversification is where it needs to be because value metrics are being slightly left by the wayside. for example, i think europe valuations are looking relatively compelling. that is the forgotten region at the moment. certain risks of certain areas of the globe, for example. it's making sure you have that broad base of assets diversified . if you want to invest in game changing trends like ai, that's fine. go about it with a company that has also got a proven track record of the fundamentals and my personal favorite, cash flow. please don't forget that. lisa: when you talk about european equities this is something that we keep
next cap over hsbc this morning talking about roro and yolo, risk on risk off and you only live once.le we are not going to either of them, how do you sort of characterize where we are and how you maneuver at a time with such bifurcated risk and such lack of clarity? sophie: certainly a lot of uncertainty. as i know, i've kind of beaten this drum on the show a few times. more so than ever it is a time to remember the basics, so this is things like making sure diversification is where it needs...
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and there's more good news with hsbc becoming the first major high street lender to offer a mortgageile house pnces rate below 4. but while house prices across the uk as a whole fell last year, that wasn't the case in huddersfield . the west case in huddersfield. the west yorkshire town reported the highest property price growth in the uk in 2023, and our yorkshire and humber reporter anna riley is in huddersfield . anna riley is in huddersfield. hello to you anna. always a pleasure. so what's the secret of the success? what's what's huddersfield doing? so well and why people flocking to buy their i >> -- >> good afternoon martin. well yes it's certainly a boom for huddersfield and a boom for estate agents like we're at today with those property prices increasing here and bucking the national trend that information has come from the halifax house price trends report and homes here in this west yorkshire town went for 8.7% more, meaning that here in huddersfield, the average home now costs £22,000 more than it did a year ago. so the average house price has now gone from £253,000 to £2
and there's more good news with hsbc becoming the first major high street lender to offer a mortgageile house pnces rate below 4. but while house prices across the uk as a whole fell last year, that wasn't the case in huddersfield . the west case in huddersfield. the west yorkshire town reported the highest property price growth in the uk in 2023, and our yorkshire and humber reporter anna riley is in huddersfield . anna riley is in huddersfield. hello to you anna. always a pleasure. so what's...
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. >> this comes as hsbc has become the first major high street lender to offer a mortgage deal with aght? well our yorkshire and humber reporter anna reilly is in huddersfield, which reported the highest property price growth in the uk last year. >> anna, why are properties in huddersfield going up in price so sharply ? so sharply? >> good afternoon to you both. yes, well that comes from the halifax house price trends report. house prices grew at the fastest rate in the uk in the last year, despite a nationwide downturn . so huddersfield, downturn. so huddersfield, bucking the trend nationally . bucking the trend nationally. it's um as homes in the west yorkshire town here went for 8.7% more, meaning that here in huddersfield the average home now costs 22,000 more than it did a year ago. so the average house price has gone from 253,000 to 275,000. but no clear reasons have actually been given emily for the rise. but halifax have said there's a number of reasons that may account for it as to how house prices can be swayed, such as the number of homes for sale, the local job market and
. >> this comes as hsbc has become the first major high street lender to offer a mortgage deal with aght? well our yorkshire and humber reporter anna reilly is in huddersfield, which reported the highest property price growth in the uk last year. >> anna, why are properties in huddersfield going up in price so sharply ? so sharply? >> good afternoon to you both. yes, well that comes from the halifax house price trends report. house prices grew at the fastest rate in the uk in...