For the next hour or so have the china open, we will look at how the Asian Pacific market continues to digest. A quick check and where we are when china opens up. Have a look at my charts here for you the index futures, we are looking at 850 a. M. Here. See the west end china traded here. We are up about two and a half percent. If that is any indicator of how the open will look, it will pop up here on the index. That will get up and running in about 25 minutes from now. Haidi chinese investors coming back to a trading environment world that looks a lot better than when they left it. Chinese newter the year holiday. Trying to play catchup in terms of those lows we saw supported hong kong and the midst of that selloff trade a pretty bereft day when it comes to asia, plenty of time and attention for investors to focus on this as they really saw indications of the central bank that was increasingly confident also a pickup when it comes to tightening the rent tight. Its take a look ahead. W
Expect sluggish growth. He said he wants to take that think about and rates. Oil is currently unchanged. It has been bouncing around all morning long. Yesterday falling to as low as 42. 75 a barrel. It is entering a bear market, the 21 to its peak, and dollar coinciding somewhat with oil. That is holding your a onemonth high, gaining as much as 1 over the past two weeks. Lets get an update on what is making headlines outside the business world. We are checking in with them on first world news. Has won theel special election for the house seat in georgia for the gop. She took 53 of the vote against democrats. Democrats have hoped to capitalize on debt President Trumps low approval rating. In london, the queen said the government will try to maintain its subtle relationship with european allies. She outlined Prime Minister theresa mays legislative agenda in her annual speech department. Queen carried on without her husband, prince philip. He was hospitalized for an election. In saudi ara
Ratings cut was not a surprise trade we spoke to the global head of the Rating Agency. Here is what he said. Primary reason is the impact on public finances, even though oil prices have started to come up again. When we look at a fiscal balance of last year there was a deficit. An enormous fiscal challenge in dealing with lower oil prices. The government has a plan to address that, we think the deficit will be lower this year, less than 10 of gdp. This used to be a country with a government that of zero, now it is rising with the deterioration of oil prices. The eloquent from stable from to negative, right . Now it is stabilized. To discuss downslope on the reform agenda you are talking about, cutting state subsidies, state spending, or does it, does that plan help approve longterm ratings . If the plan were implemented in full, saudi arabia would be transformed considerably. There we think there will be difficulty implementing them in full. There will be an improvement in public fan x
Let us talk about the currency market very briefly. As an introduction to set the scene this morning, the euroyen set for the worst ever losing streak against the euro since 19 59. This particular pair getting a bit of a chill ahead of the ecb mating that is looming. Story than broader that. It is the euro weakening generally, against most of those 60 major pairs apart from the danish krone. As you can see, that was back in march and april time. An interesting one to watch. We will have more on that and does the moment. Let us get to the bloomberg. Nejra france and russia have agreed to coordinate strikes in syria to increase the focus on jihadist militants. That is after president Francois Hollande and president Vladimir Putin met. Differences over assad. Commerce sales surged yesterday, raising questions about how many will show up for brick and mortar promotions for lack friday. According to adobe, sales are expected to total 1. 7 billion. President ping announced a Major Overhaul t
Paul Null, former partner of Precise, Inc. and current IMS Senior Technology Advisor, joins Adam Bloomberg, Senior Client Success Advisor, to discuss why the trial division of Precise.