Welcome to friday. 6 00 in london. 7 00 in paris or berlin. Lets check where we are in the market action. We got the msci asiapacific up. Volatility in treasury markets allow a few more gains. We see the japanese market down. Up around 0. 4 . It does not mean we stop worrying about global concerns. It is on its weekly gains. We are keeping track of the strong gains yesterday. We got a change of guidance from the ecb raising questions when will you get changes in guidance. Goes insideedwards baseball, but lets talk about central bank speak. Agoe was a song many years called, big in japan. Weekend of the january 5 that started back in october. The unsettling of the global trade story between north korea, south korea, and japan. You are seeing the bond at risk in japan dropped to a 10 month low. , theave fresh readings Current Conditions index is on an upper upward trajectory. Forwardlooking indexes also remaining high. I want to give you fast facts. The nikkei has had the best start sinc
To impose the reforms being demanded by germany at the moment . That 85 billion euros of bailout figures, they want to see change happening in greece. Guess wasat one of my telling me earlier. Ftse 100 opens flat. Dax flat as well. We are waiting and seeing how greece plays out. They gather to discuss the bailout. And what happens in china . Calm after the storm. For the first time, we see the reference rate in china higher. We start to see stocks, shanghai currently up 0. 3 . We see moves to start to see the market taking action, or china stepping in, saying the market will be based on methodology now. The market will help dictate the foreign currency. It will intervene to help prevent excessive swings. Have bigtly ramifications in malaysia. Malaysia has political issues of its own. We see it down from 1. 7 . This is a key country to be keeping an eye on. Then on the move in the ringgit. Lets look at the foreign currency. This is the story of the week, the renminbi losing 3 against th
Opposition lawmakers while members from his own party resisted the cutbacks to creditors demands. Finance ministers are meeting today in brussels to consider the whole package. You figures revealed a slowdown in your area growth. Roseross thomistic product 3 10 a percent. Economists expected a stronger showing. The weakness especially pronounced in france, where gdp stagnated 20 to zero. Germanys economy grew 4 10 a percent. We will hear from our rome bureau chief and a couple moments. And hans nichols is here as well. Matt 4 10 a percent. We would not be happy in america. Be seen inction to ages stock markets. Chinas currency stabilized. The unexpected devaluation earlier this week rattled world markets. The currency is studying the second straight day, easing some of the uncertainties. The uns reference rate with Chinas Central Bank rose for the First Time Since the evaluation tuesday. Just 1 10 of 1 . Japanese Prime Minister shinzo other abe express profound grief for all who died i
The selloffs. Selloffs. The euro is gaining strength, gaining momentum as the dollar falls lower. The bets are off when it comes to the federal rate reserve hike. Many are feeling that lists in september will be have will have less than 30 chance. December, we are likely to see 55 chance of a rate hike, that is what the market is factoring in. People are delaying the Federal Reserve hiked because wha of wht is happening. Keep an eye on some of these emergingmarket currencies, because we are seeing the selloff continuing. The south africa is losing value against the u. S. Dollar. We are still seeing the pain in the emerging markets, and of worst, commodities the bloomberg Commodity Index number wincing in 16 years. Copper is continuing to trade lower. The lowest growth in china since 1990. Grains are selling off, metals are selling off, because oil is selling off. And this, interestingly is blended the first time below 45 per barrel since 2009. Clearly the market is worried about global
Live from bloomberg studios here in london, i am anna edwards. Lets remind you what an amazing 24 hours it has been. We still have the Chinese Market falling as we said in our headlines. Lets put that into broader context. U. S. Futures, looking ahead to where we are heading in this. Tory perhaps things looking a little bit more positive as we move towards the morning. This is what the futures tell us at this very early stage. It says what we expect to see in the u. S. Market a little bit later on. Theyre in mind that we saw some stubs some substantial selling, the dow jones closing down by 3. 6 . The s p 500 down by 3. 9 . What a roller coaster ride it has been over the last 24 hours. We saw corrections on the s p. That particular index down by 3. 9 on monday. Andes of 7 over two days at one point in the trading day, down more than 10 from their highs in may. Lets put the trading day in the u. S. In some context for you. What yesterdays session meant. Insaw the measure of stress the m