Rate will rise to 40 next year, and reforms are only likely to slow the growth rate. China suggests that moodys was overestimates the difficulties facing chinas economy. The shanghai was flat. The hang seng was up by 0. 1 in europe, a mixed picture. Things are flat forever the dax and cac. Ftse up by 0. 25 points. M h na news, Constellation Brands made an offer to take over brownforman. And glencore making a takeover approach to bunge. Bunge says it is not engaged in talks with glencore. Pro and uber says it inadvertently underpaid new york city drivers for 2 1 2 years. The company took a commission from full fare prices. Uber says it will pay back drivers, with interest, for the mistake. The wall street journal said the average driver would be repaid 900, totalling 45 million. We will talk with adam lashinsky, author of the new book wild ride inside ubers quest for domination. Lets get to this. The United Kingdom raising the threat level to critical and deploying soldiers to key sites
We speak with the Prime Minister later in the program. , wherehello, from sydney it is just past 6 00 a. M. Trading at the start of a brandnew week. Betty we have a short trading week in the u. S. , sunday evening just past 6 00 p. M. The markets are closed for memorial day. We will take all of the action on friday. Look at how it will affect the asiapacific trading day and the u. S. And in particular the big jobs report. That is something to watch. The fed meeting as well, u. S. Pretty closed on friday much mixed. No one taking any big positions ahead of the long weekend holiday. Bit,o wake us up a little we had reports of another missile being fired by north korea. That happened at 5 40 a. M. Local time, launching a missile that zone. Nto japans economic this is according to the japanese officials, also confirmed by south korea. In the meantime, south korean officials are convening a National Security Council Meeting at 7 30 a. M. We have seen this and reaction to multiple missile th
Asia. What happenedcuss on President Trumps first overseas trip. We will analyze that and figure out what that means Going Forward. It looks to be a quiet week as u. S. Come u. K. , and china markets closed. That ninth ofring the stigma still, but a lot happening on the data front. Speakers. Several fed atindeed, lets take a look Market Reaction. Markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u. S. , including housing, on friday. Looking at the market so far, the only market open is new zealand, a touch lower here. To be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. Lets head to australia real quick. We did see recovery after that group meeting. Pretty soft open for the aussie dollar, but looking to the upside on the asx 200 today. Japan, north korean concerns, but someof risk off strength for the japanese yen, 11. 22 ithave seen a pause when comes to this equities ral
Bloomberg. As our u. S. S close, and u. K. Markets. A holiday thinned session in asia. Things are decidedly mixed. Of ave not seen much reaction to saber rattling from north korea with that ninth missile test. It is a big week in terms of news flow and data, china pmi, and waiting to see if that feeds into the picture of the growth or thathad from china is as good as were going to get your the second half could look dicey. We had an announcement from the pboc on friday saying they are considering looking at what they call a countercyclical adjustment factor. We are still trying to figure out what that means in terms of the daily yuan fixing. China has been fixing its dollaryuan fix at gradually weaker levels, adjusting from the previous days close. This istion is whether a dollar of fact. It tends to look different when youre looking at the yuan versus the basket of currencies, or is this something reading more into come it that we are seeing a continued weakness when it comes to the y
Policy that worked to a goldilocks economy. Nothing has pushed me away from that. They cultivate mining, you are welcome its daybreak morning daybreak europe. I got the last the as flight back from the anna with my bags. Politics is at the top of our agenda, look at the dollar rand. Rand accelerated, rallied by 1. 7 , it gave most of that back. It give a void. We saw the highest level on dollar rand since april 12. The volatility is fairly muted every this is the chart you want to keep an eye on. Why is it so muted . ,hat rally should continue emerging market currency. The carry trade will prevail. The fact that summa has avoided you are stillve, going to see a return to form. Thats what the track later on. Lowness as usual for the and higher Interest Rate environment would drive speculators that to this currency, that to dollar rand. Thats from one or two of the analysts weve spoken to in asia. Lets talk about the risks in the market. Syncretic,s a very corporate story. Of what is goi