Asia pacific markets --- Steven (slow)
London markets --- London (slow)
>> all right. we are back now and for a preview of what might be moving markets in the asia pacific, we’re joined by steven angle, who has this report from our hong kong bureau.
>> in the new week here in the asia pacific region, the floods of earnings reports from top asian companies continues, including from toyota motor, and china mer chants bank. h.t.t. holdings will report first half results. the chairman says earnings from hsbc’s $15.5 billion purchase of household international in march of last year is now being reflect nd this year’s results and improved economic growth in hong kong and the u.s. boosted earnings in the first four months. japan’s top automaker, toyota motor reports first quarter earnings on tuesday as other japanese exporters, including rival honda motor, have been raising their full-year net income forecast as a weaker than expected yen inflates the value of their overseas sales and profit. on wednesday, we’ll also get japanese automaker sales figures from the u.s. where they have been gaining market share. bejing’s biggest supermarket chain is out with earnings on monday. it currently operates and manages 24 supermarkets, three hypermarkets and 300 convenience stores and has plans to open 150 more stores in bejing this year. southeast asia’s biggest phone company, singtel is out on thursday. profit likely fell on lower investment gains. profit grew last year in part because of its majority stake sell in singaporepost. on the eco front, highlights include retail sales from australia and hong kong and inflation figures from south korea. that’s it from hong kong. back to you.
>> all right. from steven angle in our hong kong bureau. we go over to europe where investors there will be focusing on bank earnings among other things in the coming week. paul george with a preview from london.
>> well, last week was a busy one for european earnings and this one will be far from quiet. more than 10% of the dow jones stoxx 50 in terms of weighing report results on monday. so far, 23 members of index have reported earnings for the most recent quarter confirm of those, more than 56% have had earnings above estimates of analysts surveyed by bloomberg. that compares with 57% of all companies reporting in the first quarter. by the end of the week, 35 companies and more than 70% of the index weighting will have posted their results. when nine of europe’s biggest banks report earnings in the coming week, the majority will probably say earnings are on the up as economic growth fuels their profits. on monday, hsbc may say that first half net income rose 28%. in france, bmp paribas will probably report a 13% increase in second quarter profit while in amsterdam, abn amro holding may say net income rose 4%. u.k. banks are also benefiting from increasing consumer spending in the united states, where hsbc and royal bank of scotland have made acquisitions. royal bank of scotland, the u.k.’s second largest bank by assets will probably say on tuesday that its first half earnings rose business 22%. barclay a’s will probably report a 12% increase in first half earnings while standard charter is out with first half results. investors will want to hear about the bank’s plans for expansion in china. earnings at u.k. banks are fueled by record domestic consumer spending. although four rate hikes by the bank of england since november may slow growth in the second half of the year. away from earnings, and there are plenty more, p.m.i. figures are due from spain, italy, france and germany and will probably show manufacturing in the dozen nation year row zone expanded in july for an 11th month. also from the united kingdom, watch for p.m.i. figures for manufacturing and also for services. just some, just some of the highlights of the week to come in europe.
>> all right. well, that was, of course, paul george reporting from our london bureau. the yankees, one of several new york sports teams looking for a new home. but the city isn’t handing over funding that easily. that story and a whole lot more coming up in our “money and sports” segment after this pitch. oooh. and break.
