Bishops plans to take on local rivals have stalled in shanghai. Asiagood morning to our asiapacific viewers. Upside, four the for four days in a row. Yvonne, it is valentines day so investors were feeling the love. Have my pink and red valentines day tie in gettingion as youre ready for the year of the dog in china. Interesting what happened. 2. 12 is where it came in. When s pxpecting 1. 9 cominget numbers were in. We ended up near session highs. Vonne despite how we see yields heading higher, it seems were shrugging off inflation print and adding to risk. The interesting to see s p 500 reverse and gain back the losses from this year already. Ramy lets get more into this yvonne, because the s p 500 advancing four days in a solidifying the rebound despite the higherthanexpected set by a decline in retail sales. Down, su keenan is here with more. It seems the bulls were ready to run. Su it seems were getting two stories, perhaps the economy not as strong as we thought with the decline i
State of the nation address today. Welcome to bloomberg daybreak europe. They probably ensure your house and probably. Operating profit from pimco is in line. I do not think the opportunities of what to buy are they not think the opportunities of what to buy are they not seeing the opportunities of what to buy . Operating profit was 1. 3 one 1. 31 billion. The overall dividend is an uplift for this company. They are on track to deliver 3 year renewal agenda targets. For the Fourth Quarter you are seeing the income be on the numbers beat on the numbers. You had California Wildfires in the worst Hurricane Season in history in the United States. With all of those headwinds, this Company Managed to up the dividends. Promised histhere first repurchase in the first half of 2018. Are they looking at xl . That is the question. This is the picture over the last three months. The market was thinking that this was a tough time for the company and the rest of the industry. Allianz. The ceo of l he
A warm welcome to daybreak. It is 7 00 in europe. If you are in the United States, happy president s day. Balance herece with the cash markets closed and you have the equity futures trading lighter than normal with the best run in equities within pushing awayd against volatility and rising yields. Survey with the market drop to reenter and it is all about the United States this week and the fed minutes and what you get on wednesday. Andill begin to understand builds to the testimony with the actual power of powell. We have some numbers coming across your bloomberg terminal. We have breaking news on a dividend coming back and platinum declares a dividend. It is an interesting time in the market with donald trump raising and theter of tariffs dollar has trade tensions and the possibility of tariffs in the United States and the dollar manages to eat out this. I mentioned to you that the paperates are opening and will come over the next few days. Who keeps purchasing it . The chinese canno
At an alltime high. The company has lost more than 40 of its value since christmas. Commodities come back. Run materials are said to snap a fiveyear losing streak but can the rally be sustained in 2017 . This is the european open. Were half an hour away from the european open. The second to last trading day of the year. A weaker session in hand when we get there. Asian session was positive and only mildly so and there was a negative story coming out of tokyo. Perhaps that is captivating investors minds in europe. 8 of anese currency up percent against the u. S. Dollar. We get a glimpse of some of those moves, the nikkei down by 1. 3 . Following weakness in the u. S. As well where we saw the s p under pressure, down by. 8 of a percent. 2. 3 . The dow falling yesterday as well by more than 100 points further away from that 20,000 mark. U. S. Futures looking sluggish fairly flat, i should say. The japanese yen is on the move as well. Of ahe end up by. 8 percent. Looking some nervousness c
Manufacturers do not really expect sentiment to get any better. Look. They are gaining revenue. They beat expectations. Australia on holiday. Up 8 10 of 1 . Sentiment in japan largely held out over the last three months, even with the stronger yen. We have our north asia economy editor covering the story for us. What were the Key Takeaways here, henry . Henry hi, angie. The sentiment among large manufacturers did not get any worse. I guess that is the good news. The bad news is, it remains at the lowest level from abenomics more than three years ago. The yen has gained about 19 this year. You know, a weaker yen was supposed be one of the key drivers of abenomics, by helping these Companies Profits go up and feeding through two wages and consumption inflation. Obviously the gains have eaten into that and weaker Global Growth has also had an impact. Nonmanufacturing companies have also softened a bit. So, henry, what is next and abenomics then . Henry well, i think, going forward, the fo