November 2011. Hang seng down 2. 5 . The Hang Seng China Enterprises index at a fouryear low. The Australian Market down 2 . Hong kong is leading the region. Out of the 50 stocks on the hang black. Nly one is in the quite a lot of selling coming through elsewhere. Shanghai market down by 1. 3 . China railways have in the standout day, though. Lsewhere, widespread selling thailand is coming online down. Every sector is in the red. Basic materials stocks down by 2. 3 . Looking at some of the nature. Overs the weakest performers are on the h share market in hong kong. Brokerage stocks coming under pressure today. Take falls in early trade today. Developers coming under pressure, now. Yanke missing 7. 8 . Fook with disappointing sales. Tencent in hong kong, one of the worst performers. Emerging market currencies coming under pressure. The Malaysian Ringgit being sold off. If we have a quick look at the japanese yen, we are starting to because Movement Everybody is selling out of equities o
Wasnt veiled. These are dismal outlooks from the ecb, dismal when you are looking at the equity market. And the euphoria from the ecb fading in the u. S. As attention turns to the allimportant nonfarm payrolls. Jobs data how much should we care . Is it aeration a matter what . 217,000 . Pass is it a bearish market my matter what . As Global Market falling off a cliff . In damnedesty do they dont. The euro staying pretty flat. Damned if they do, damned if they dont. We would get an update for you. It was up by almost a percentage point and today we are r emaining at the lower level. A look ato having whether dollar is trading ahead of nonfarm payroll. On a twoday basis we were up yesterday and just correcting ever so slightly. Lets have a look back at the one day chart. The euphoria is seeping out of the commodities market but yesterday we saw them all moving higher in today all off by more than 0. 15. Islly the risk aversion spilling into the commodities market as we get concerns about
The chinese manufacturing numbers a real disappointment, reinforcing the point that the economy is slowing down. Anna the pmi is the lowest in three years. Goldman sachs. Options trader is saying that it has never been so negative. They have never seen anything so negative in the chinese equity markets. Guy this is a fiveyear chart youre looking at and this is the low youre looking at. 49. 7. Chinese manufacturing is a huge part of the economy. Below 50 on a pmi number implies contraction. Anna were back in able market on oil. Shall i say that again. Bull are back in a market. The largest threeday increase in 20 years. Guy take a look at this chart. It highlights the decline that we have seen. Anna a sixyear low. Guy it is a rally. It should be somewhere over here. That is what annie anna is talking about. Look at the top that we has seen subsequent to this. This is the lowering of the u. S. The factxpected and that opec may be willing to talk about a fair price. Anna fair and reasonab
Everyone knows greece will repay 4 of gdp from the surplus. Anna later we look at what is best for business in the u. K. And europe in the first of three Bloomberg Politics special debates. We will discuss key issues facing both ahead of the general election with the Panel Including a formal chancellor and the chairman. Mark policy makers reveal a risk on terrain rates we bring you the details, plus, what you need to now ahead of todays bank of england rate decision. Anna good morning. Manus rk coming up, a 29 billion drug deal. Caroline lets head out to hong kong were stocks are surging. The market will catch up with its counterpart, the shanghai composite. Shery ahn has the story. We saw searches in escapes 6 earlier. In excess of 6 . Shery ahn 6. 4 , the most since 2009. Hunghong kong has been rising for the sixth consecutive day. So why are we seeing this sudden surge . Because investors are thinking hong kong shares will catch up to their counterparts in shanghai. The shanghai com
They were looking for a 9 rise. Imports fell 12. 7 . Estimates were for 8iron percent for a 10 fall. That is most likely due to falling Commodity Prices driving down the value of imports. That brings the march trade surplus to just over 3 billion. Given that 60 billion dollars surplus in february, economists were looking for about 60 billion. Economists say the march drop is due to that timing of the Chinese New Year. They say the International Market demand is weak. Export orders are falling and all the late and only the u. S. Market is doing well right now. This shows underlying weakness in the manufacturing sector. The overcapacity, there is a lot of hide labor cost, high financing cost. Customs officials said exporters are losing orders and all these higher costs are hurting trade. We of course see weakness in the eurozone and japan hurting trade. Pmi has been weak [no audio] rishaad clearly weve got a technical gremlin in the works. Lets get back to the markets. Heres zeb. Zeb the