But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
Stronger then expected. It is year on year for the month of december. In terms of fixed Asset Investment, we are looking. Investment for december. Context stabilizing. Of the early indicators are looking robust. Of course, some of at the localimulus government level, supporting fixed Asset Investment. We are looking at the bottom of this slow down. Lets send it to our next guest. Next guest. Theuse i would say that december number was picking up further. Especially with the help of more , i would say that we are turning more bullish. It is the secondbiggest in terms of growth over the last two years or so. Can you elaborate . We have seen that ip demand picking up. More demand coming out from southern china. Been drier than usual. People are waiting to frontload some of the orders, particularly early this year. You probably need to get most things done in the fourth quarter. Into the first quarter, we saw demand and names holding up pretty well yvonne . Retail sales have held around 10
And now its time for Economic News the share of the ruble in payments for exports has reached a record 39 . This is the maximum level over the last 5 years, reported to the central bank. Mostly asia and europe paid with russian currency. The countries of north and south america more often chose the dollar and the euro. At the end of the year, their share in export payments was 31. 5 . In third place is 29. 5 . The currencies of friendly countries remain. At the end of the year, the russian budget received almost 160 billion rubles from income at an increased personal income tax rate of 15 . It is valid for citizens with annual earnings of more than 5 million rubles. According to rbc , about half of these taxes were provided by moscow. Next come st. Petersburg, moskovskaya region and krasnodar region. The expected volume of fees this year is 176 billion. Let me remind you that a progressive tax scale has been in effect in russia since the beginning of 2021. The number of passengers of R
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