It is six blocks here in london. The slight tangentially to that, we have had news overnight on australian jobs. The biggest monthly back to back jobs gain we have seen almost 28 years. You have to go back to 1988 to find a period as strong for the australian economy. That pushed the Australian Dollar a bit higher overnight. Some people questioning the data, of course. 71,400 jobs were created, economists forecast a drop of just 10,000. Manus this is the dollar rand trading, if youre on holiday or getting on the plane, you will have a river. It is at a record low, certainly not for good reason. He fired his finance minister. Story says it takes the country one step closer to junk. The rand, at one juncture and training, in a spokesman that back. Easy the biggest declin since theince 2011, and forecast is is the slowest rates in 2000 hundred the dollarrand, one of the conversations we have here today. Anna we are getting investor updates from glencore. This is one of the Mining Companie
Anna welcome to the program, you are watching countdown live from london. Lets put into context everything we have seen over the last 24 hours. We have seen a move back into the perceived safe haven place, although i should say the yen is bouncing around this morning in the session. That is nervousness around the u. S. Session yesterday. Lets reach out to where the u. S. Session took us. That came from what could be a good place, from the data. On the jobs front we got the survey in the u. S. Yesterday that shows that openings have increased the most since the year 2000. But that got investors wondering how quickly the Federal Reserve is therefore going to increase Interest Rates. That to the edge off the rest trading day yesterday. That would pick up in the asian sessions, and we see weakness coming in the session. All of that concern about the higher Interest Rates to me at a time where we increasingly see signs of slowdown, in part of the global economy. We had a number of clues tod
London. Im francine lacqua. Im manus cranny. The chinese premier says the country still has the policy tools to deal with pressures on growth. He announced that china will open up its onshore currency markets to foreign Central Banks. He spoke at the World Economic forum. Were integrating ourselves into the wider world, and china will open up even more. Our policy of investing abroad will remain unchanged. These specific policies will continue to encourage more Foreign Investment in china, and they will expand access to markets. Francine the speech came as china reported the fastest Consumer Price growth in a year. That will compound challenges to policymakers. Lets cross live to our beijing bureau chief. Did he map out a plan to jumpstart the economy . Nick there were no specific proposals this time around. What you heard more was the voice of reassurance. There has been so much uncertainty in the last few weeks about the governments intention to valuing the yuan and how it would resp
After a wave of consolidation we break down the results from two of the key players. Mark will the drama pay . Itv reports. We see if the numbers are as big a hit with investors as Downton Abbey is with global viewers. Welcome to countdown, i am mark barton. Anna i am an edwards. On a edwards anna edwards. Stay with us for the bloomberg exclusive with megaupload founder. Mark the markets moving in asia and stocks under pressure as the global selloff continues. Weve seen 400 billion over the past three weeks. Lets start off with the stock market. Lets start off with the stock market. Were basically seeing a decline across the regional benchmark. In japan we are down 1 and the yen is a little bit stronger down 7 10 of 1 . One of the stories right now is asia with a very weak retail sales number in the u. S. To some extent, investors started to book those profits in japan. Australia was down because of the banks and the big mining stocks. That is up. 5 . That market hasnt really done anyt
Im francine lacqua. Coming up super bowl scandal. An ad vert that is stirring up a storm. H m is gunning for a touchdown. We will see if the new David Beckham campaign will help the retailer. Buyingfed trimmed bond segue. If you have a good way so the fed is pushing global stocks lower. To break it down, lets bring in manus cranny and jonathan ferro. A statement. The statement focuses on the labor market. Its mixed, ok . And growth has picked up. It is the first nonconsenting Federal Reserve. I think that is important. This is a Federal Reserve thta at going into the tenure of janet yellen and the potential to step back from tapering. Its pretty darn high. The view from citigroup is that hasta la vista, baby. That is what the fed is saying to emerging markets. Excuse the pun. I liked it. Worry about yourself. It makes sense. That is what the mandate of the centralbank is. Emerging markets not too happy. Manus talking about the unanimous decision. At this point, you have to say points t