Once again, when you talk about data coming out of china. Guy it seems like a familiar theme. But the aggregate is interesting here. The chinese inflation data and aggregate again just adding to this overall picture, the chinese economy is slowing. And as a result of which, maybe well see reaction. Cpi story, speculation the central bank would do more to stimulate the economy. There is ongoing weakness the factory gate deflation story. We have a chart that shows just how long we have been in negative territory, that the 2012 is as far as you have to go to find a positive number. 43 those are the months that we have seen it in negative territory. Guy that has an impact around the world. With weakcoincides growth, we have a chart here on bloomberg that shows the deflationary trend running around the weakening and Global Growth that we saw. Guy we have intelligence out overnight, a company is breaking estimates. We will bring yo that and have back and analysis in a couple of minutes. It l
From bloombergs European Headquarters. Lets get to our top story, credit squeeze. Raised capital as a part of its strategy. Francine lacqua is on location. Pressing, a good morning to you. A great interview so far, talking to tj talking to tg tijian. Francine it was quite strategic overall. Clearly focusing on the wealthy in asia. He did say he will unlock value in the swiss bank. Handinhand with costcutting. This is what is getting investments investors worried the most. You have to be efficient no matter what. That [indiscernible] it is a very serious decision. Something we will like to keep. We have pushed for selfhelp. We are rightsizing the Investment Bank. We are cutting by 72 . We are cutting prime. That is good to free up capital, because we are reducing the capital cost. Where cutting cost of 3. 5 billion we are cutting costs, 3. 5 billion. 2. 7 initiatives were launching. What i can say about these not an is they are ambition. Where worked very hard every day for three months
Welcome to the program, everybody. This is countdown live from bloomberg headquarters here in london. It is 6 00 here in london. Let us bring you up to speed. We have data out of china, just to tell you that it has not moved the market all that much. We saw a bit of a bounce in the shenzhen composite, the shanghai not moving that far. Estimates,line with industrials up. That is the macro picture. Keep an eye on a micro level, if you like. It is not very micro, but what could be the biggest brewing deal in history. I have a chart here on the sab miller share price, what a wild ride it has been on during the summer. We saw talk of the potential deal them. Inbev has a deadline to move the number of times. The latest is today, and we have had news over the last 24 hours suggesting that they might get closer to that perhaps removing the regulatory hurdles on the u. S. Business. We will have more from Ryan Chilcote through the program. We are getting numbers from carlsberg. We are of course
You are welcome to the pulse live from london. I am manus cranny. Breaking news on the eurozone. The whole of the manufacturing for the eurozone comes in at 52. So that is a pulmonary reading. Tha a preliminary reading. A little bit of a drop for spain. Germany disappointed before he came to air. Dont be fooled. Analysts say it will make it to 1. 20 by early next year. That is the state of play on the eurozone. Manufacturing. Lets talk about one other country it is china. More evidence this morning that chinas stimulus measures may be working. The word is stability. Figures show that manufacturing stabilized in the last month. 5 trillion wiped off the chinese stock markets. Mark . Mark china closed for a week. The chinese stock market, still chinese data continuing to set the tone. Is the chinese economy stabilizing . Yes, the additional gauges below the 50 level but it was above estimates, an improvement on the previous month. Which is leading some to say that those rate cuts in novem
Anna welcome to the program. 6 00 here in london. Let us get to the markets right now, investors are nervous, we are now have these explosions taking place in jakarta, at least four killed, and we see the indonesian leadership gathering to consider what is happening. The biggest attacks since 2000 and nine. Investors were nervous already. The s p 500 falling to the lowest in three months, down 10 compared to the november the third peak. Asian stocks hitting a threeyear low. Manus the moves in the china stocks, right at one trade day, lets talk about how you actually trade these markets fared there is intervention in the yian. You cannot sell it because you have the pco be against it. The aussie dollar had the were starts in 2009. We saw the reserves in china dropped by 100 billion. This is the most liquid proxy, chance the aussie dollar will drop. And look at the hong kong dollars on the bottom of your screen. The currency sinking to a 10 month low. Speculation that there will be depeg