This is in seven days time, we will be waking up where the meeting with bond traders face off with the equity traders, who is prepared for the fed . That is the question, the longest losing streak in six months. Is it oversold . The relative strength index is below 30. But we are seeing the msci index, trading 11 times the 12 month earnings index. It is being punched as Global Growth concerns and of course worry about the fed next week. Theave day number eight of decline in emerging markets. The shanghai composite hitting a fiveweek low. All eyes will be on the yuan. Let us do you up to speed with a bloomberg first word. After decisions from new zealand, switzerland, and the u. K. Yesterday, it is the turn of Russias Central Bank to announce policy today. The governor is excited to keep rates on hold, despite battling the countrys first recession in six years. Bloomberg sources say argentinas new president is kicked off talks with several wall street banks for one year loans of up to 1
Good evening. The Un Security Council is holding an emergency meeting this friday. Amid repeated reports on seizures in towns across syria, leaving people with nothing to eat. Ban kimoon says that by deliberately starving civilians, both the Syrian Government and rebels are committing war crimes. Jessica is there following developments for us and joins us now. At whose request is that meeting being held for . Unitedr france and the kingdom requested this meeting with the backing of the United States. Essentially to call the worlds attention to a dire situation. Over hundred thousand civilians stuck in besieged towns earlier this week. This is a all up followup to that. We expect to hear about inditions of civilians several towns in syria. Reports from unicef officials that have been able to make it in with aide c onvoys. One official says that at a clinic, unicef officials watched fromyearold roboy die malnutrition right in front of their eyes. Towards rd reap reports that parents have
I am manus cranny. Roaring in the woods, coming across the equity markets this morning. This is the performance on the shanghai composite, year to date. Down eight team. 9 , the worst literally index, anywhere around the world. Nevermind the bloomberg terminal. Down over 8 this week. We are heading towards their territory for the longest losing streak since october of last year. Despite the jump in a credit numbers in shanghai this morning. Yuan purchasethe getting a record. They doubled to 700 billion in december. In terms of the rest of the risk markets, money coming out of equities and oil. Let us take you to the other markets. This is how you are trading day is shaking up. Real going into the yen, concern that it is rising against all 31 currencies across the world, even though governor kuroda said they are ready to do more with a lot more. The third weeks of losses, down 8 on the crude. As i ran gets back in the market, we take a look at those very shortly grade we are seeing a re
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Wall street. A look of what is going on market wise. Good morning. I usually start with a map of overall asia. Story to one of the Biggest Industries which is taking the lead. Cutr china surprise rate for the first time in two years, we are seeing iron ore, taking a hit off by 44 . These big ones. Gain today, 10 to boost iron ore. All rising to an upset. You are also seeing gains. The big was like rio tinto. These are the reactions. The overall picture. You can see it is there. Seeing it clearly. Japan is closed. We look forward to the opening of shanghai some. Australia, you can see all of these off by 9 some up by 17 . A clearly that is driving the momentum. Dollar, get rid of that marker. If i pull up the aussie, there it is. On friday after the surprise rate cut from china, you saw this right here. A bit of a strengthening of the currency a weakness in the currency. That traits right about their. What to watch out for. Over to you. Thank you. Political gridlock after the resignatio