Slumping to the lowest in three years, hitting exporters, undermining corporate profits. Anbang pulls its offer for starwood. It leaves it clear for marriott. Do follow me on twitter rishaadtv, use trendingbusiness. Nonmanufacturing pmi data, the manufacturing number. Tom mackenzie is our china correspondent. Marchprise rise in the purchasing Managers Index for china, 50. 2. The survey had been 49. 4. That is what the forecast had been. It follows seven months of contraction for chinas Manufacturing Sector. It will be a positive for the government as well and the pboc. We heard there was going to be a fiscal stimulus. Of thates on the back increase in the services pmi and follows the positive run and chinese stocks. It is not just investors. Where seeing impact in the Manufacturing Sector. We are seeing impact in the Manufacturing Sector. Government expecting 1. 8 Million People may have to be laid off from state owned enterprises. We have seen falling demand as well. That has eased of
It is all about the data. Questioning the veracity of saying out of china, that delusions will be one day exposed to the fresh air. Follow me on twitter rishaadtv, and include trendingbusiness. The Hong Kong Open in 30 minutes. Is one whereheme the bulls are firmly in charge. We are seeing arising region,across the filtering into the asiapacific. , futures on the way up. Japan leading the gains today. Dollars so far this morning. We are on point for a sixth day of gains, 360 billion of Market Capitalization added. Significant, but given the situation with the world economy. Out in anade comes hour and a half, maybe. Watch for australia, taiwan, and hong kong. Have a look at what is happening across the currency space. Dollar weakness and yen weakness overnight. The dollar starting to reverse that a little bit, so gaining against its peers. ,he yen still under pressure 108. 63. 63. The biggest winner in the fx space is the malaysian ringgit. That is normally something c. C when it comes
Willand on hopes that abe be announcing the consumer stimulus boosting measure. Gains, prettyding good data over the weekend suggesting industrial profits going up. We are also getting news that the chinese pension fund will be channeling 600 billion funds. That is also driving sentiment a little when it comes to shanghai. The weakeningy of this is a dollars story. If the number is positive, it is going to build on the revised gp number, painting a more positive picture of the strength of u. S. Recovery and the strength of the u. S. Dollar going for it. We are seeing weakness or another have present for the 113. 59. Yen, trading at we are also seeing weakness in other currencies in asia. The south korean won is down by a 10th of 1 , easing a little bit from previously. The aussie dollar, continuing the losing streak from the past week. Data, how well the chinese economy is doing it is now flat,. This is the other reason we are seeing gains in equity markets today, and a genal positive
The winners and losers and apples privacy fight. Do let us know what you think of our top stories. , include at rishaadtv trendingbusiness. We have singapore, taiwan, and malaysia entering the asian trading day. Haidi Southeast Asia markets entering the fray. Get aot often we situation when janet yellen speaks in the markets react positively. High,p hitting its 2016 caring through to the asian session, the exception japan. Down for a second day, down 6 10 of 1 . Some disappointment we did not get more in the way of stimulus from shinzo abe yesterday. We also have that stronger yen at play. Havoc when it comes to japanese exporters when it comes to projected earnings. Elsewhere, and asian rally. Stocks off earlier highs, strong gains out of Southeast Asia. Malaysia up by 4 10 of 1 . Lets take a look at some of the movers, some declines in metal prices overnight. 5 ,ution mining up by Northern Star up as well. Zealand, the stock was up earlier this morning, halted as of 20 minutes ago pe
The much touted meeting ended without agreement. Crude tumbling. This is the view now. 38. 18 per barrel, and brent crude at 40 a barrel. For more thanon 10 hours longer than planned, but broke up without a deal. What does monday hold . A big drop. To 30. Go back based on people familiar with the talks, which ended a few point they at one said it seemed as if all the Oil Ministers were gathered around a computer trying to agree on the text of the draft. How much of a gap between what a lot of these members wanted to come out of the deal. It was supposed to end early afternoon. There was a press conference scheduled. It dragged on much later than that. A lot of people are pointing to the saudis as the main stumbling block. Saudisrstand that the insisted that the Draft Agreement include text which pointed out that iran must be included in any future commitment, and we all know that even before the meeting started that iran called it ridiculous. In fact, listen into the Russian Energy min