Also traction in the nikkei and topix today. Playerseeing energy showing signs of weakness, crew tracking at a twoweek low, so weakness coming through from or oil players. From stockstch out that have been doing well as of in particular. Some of the movers we are keeping an ion, samsung has hit a record high, up 4 . We have been speaking about the stock, finally investors have turned positive about pressure for change. You are seeing weakness from some of the korean cosmetic players. They rallied strongly during yesterdays session. Cosmax and others have been upgraded to buy. Metals, sliding from a twoyear high, perceptions in the market that supply is still ample. Iron oree saying should be near 50 a ton. Higher for an fourth session, up. 2 due to dollar weakness. If we look at the offshore renminbi, up. 2 . Fixpboc increasing its yuan slightly from yesterdays fix. Haidi thank you for that. To a twoweekose low, some fluctuations in the session. Cessio refuses to lower production despi
Week. Abe is getting ready to roll out the stimulus. The valparaiso may hear, set to teresa we have got may here. You can let us what you know of todays top stories by following me on twitter. Dont forget to include the trending business. The china and hong kong markets abouttting underway in 30 minutes time. Singapore and malaysia just came online. Look at what is happening this morning. Lot riding on premise or operate in japan today. The nikkei 225 up through 3. 2 . You got this expectation that there will be more announced. We do have to remember back in april when the boj unexpectedly refrained, we saw that big coming through. Investors buying the rumor. Looking at taiwan, it has come online, up by 0. 1 . 0. 2 , flatline and malaysia. Weaken seen the won against the dollar. The u. S. Hit that record high overnight, seeing gains of 0. 4 in korea. In australia, we are seeing some good moves. If we can get that up on the joint, alumina has a venture with alco. It is up by 2. 3 . Well
Welcome to countdown. Im anna edwards. Lots of data to catch you up on. Manufacturing was stronger than expected, its jobs day, of course, in the United States. Revenue falling 16. 3 , it was estimated to fall by 15. 5 . More of a fall in revenues in that important barometer some say of Chinese Consumer habits. Aside from all of that, it appears to be the sentiments of the large corporates where the economy is right now. The lowest reading since the middle of 2013, basically the indicator about Business Conditions among Large Enterprises in the Manufacturing Sector issued by the bank in japan and in trouble perhaps. This is having ripple impacts on the classes. Over in japan, the nikkei down by quite a considerable margin, by more than 3 , down for its fourth day. Its spreading across asia. More broadly, lets look at the wrisk assets. The yen having in big emoves, ronger against the dahl, the pound. The dollar heading for its work week in two months. Continuing to retreat on concerns a
A warm welcome to the pulse, live from london. Jobs day. I manus cranny. It is jobs day in the usa. Ambassadors will be trying to see if there is any evidence that the Worlds Largest economy is ready for higher rates in 2015. Economists have been surveyed here in bloomberg. 2001000 jobs as the number, the consensus for the month of september. We will get those numbers at 1 30 london time, how they behave in and about this crucial set of data. Mark, we started the Fourth Quarter with a little bit of a boost. Mark we did, and european stocks are rising. But this time 24 hours ago they were also rising. 200,000 expecting jobs for september, boosted mainly by private employment. We had 173,000 in august, slightly before this years monthly average. That is a slow down from last average, which was the best since 1999. Ething worth noting payroll readings have been revised by the Labor Department in 12 of the last 14 years. Economists may, dismiss a lower than projected number, particularly i
Stockton reports an increase in profits, but says thousands of jobs will go. There will be cut. It is too early to show that. Do you think it would be more in the range of hundreds or thousands . I would say more like a thousand. Guy welcome to countdown. And im anna it is just past 6 00 here in london. Mark carney is here later on in the press conference. Everyone waiting to see if he will change Market Expectations for where rates are in the u. K. And when they will get hikes. Anna 1 or 2 . That is how i like to phrase it. Are loudas if there voices saying there could be more, maybe another joining the ranks of those trying to get an Interest Rate hike. More broadly, it is clues. Guy i think it is 1 . I think the fed story is getting more interesting. I think will feedback into what is happening with the bank. Janet yellen really making it clear that that december hike is still very much on the card. Cards. The markets are alive to that risk. This is how they said that have shifted o