Right down to the wire with an election that is too close to call. Be live in montgomery, alabama in just a few moments. We are getting breaking data on the jobs market in south korea. The november unemployment, jobs rate at 3. 7 percent, higher than what was estimated for no change for the unemployed rate at 3. 6 . Of masksss rate sort the big issues going on in south korea. Surface it looks good, but underneath we still have very high unemployment with the youth and a high parttime Unemployment Rate employment rate continuing to dog banks and the president , who is trying to put in Public Policy to bring the jobs market back in south korea come and that is likely, possibly going to have some effects on trade. Certainly will be when it comes to the fiscal side of things when it comes to south korean reforms from the president wanting to implement. Perhaps we will get those youth and implement numbers in just a bit. At asiake a look appeared pretty choppy when it comes to tax reform, u
Sydney, 9 00 a. M. In hong kong. We have the polls and alabama, covering ahead of the special montgomery ahead of the special election. We will talk about the chinese appetite for u. S. Debt. This chart plays into how things have changed in terms of this debt binge on u. S. Treasuries china has had over the past decade, doubling its hold over u. S. Treasuries. That is starting to resolve because of a steady currency. You can see this conference relationship between where the dollaryen Exchange Rate is, and the levels of chinese treasury holdings. We have seen this fading of appetite for holdings at an inopportune time, when you have a plan republicans want to push through already adding to a ballooning deficit for the u. S. We have a situation where china owns more than 2. 2 trillion in any u. S. Government debt, and any selling of that could have ramifications. Wells fargo Holding Stable along that 6. 2 level. Very interesting implications for u. S. Treasuries, especially as we get th
Becomes the most senior woman in the church of england appointed bishop of london. And a dark day down under for englands cricketers as australia take an unassailable 3 0 lead in the ashes. Good afternoon and welcome to the bbc news at one. A review of fire and building regulations, following the Grenfell Tower fire, says the Current System isnt fit for purpose, and a culture change is required to ensure that safety is prioritised over cost. Damejudith hackitt, in her interim review for the government, makes a series of recommendations to simplify the rules and change the way they are overseen. She says shes been shocked by some of the practices shes heard about. Heres our Home Affairs Correspondent tom symonds. G re nfell tower Grenfell Tower and that horrifying loss of life demonstrated for all to see, that something had gone badly wrong with fire safety. But the scale of that only became clear in the weeks that followed. Confidence in the safety of Public Housing was left in pieces,
Strong in the next test to avoid yet another whitewash. Emphatic. Thanks holli, and thomas has all the weather. The advice is to be prepared not just on the roads, but the airports as well, really foggy weather potentially starting this evening on the way. Thanks thomas, also coming up a woman is appointed as bishop of london for the first time. Sarah mullally calls for more female and ethnic minority priests to make the church of england more relevant. Hello everyone this is afternoon live. Building regulations are leaving room for short cuts, according to the the woman leading a review into fire safety after the Grenfell Tower blaze. In her interim report Dame Judith Hackitt said she was shocked by some of the practices she had seen. Shes calling for simpler rules, better enforcement, and a cultural change was needed so safety is prioritised over cost. Heres our Home Affairs Correspondent tom symonds. Grenfell tower and that horrifying loss of life demonstrated for all to see, that s
Mixed day today european equities after the benchmark stock exchange. Investors are waiting for the outcome of the tax vote in the u. S. Equities. Mixed day for fx. Look at the yields rise. Ireland, france, belgian, germany, commodities giving you a feel of the market today. Some Business Confidence out of germany, unexpectedly weakening its december. The gains remains near its alltime high, as you can see from the line right there, respecting the fact that the economy has excelled this year amid robust domestic spending and recovery in global trade. Debt surging this year, taking benchmark yields to the lowest level since april of 2015. To spanish levels, theres more credit defaultts swaps so says richard hodges. If movies follows fitch in upgrading the sovereign debt next year, Sovereign Rating next year, he says the swap should narrow the gap widths main as well gap with spain as well. Portugal versus spain, a 10 year yield spread is the white line. Very quickly, this is the oneday