Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
Doesnt mean he wont go through with it over the next couple weeks. Taking a look at where the nikkei is, ending the year lower by 0. 5 . The nikkei recovered 50 of its slide since its record in 2009. Goldman among those expecting some kind of lift for japanese stocks in the coming year. Fromys japan will benefit a Global Economic recovery. Lets turn the page and look at where we are in terms of currencies. We know it has been a quiet volatility at a five year low. If history is any guide, the , it ishe currency to buy a favorable month and it has risen seven out of the last 10 years. The hong kong dollar, it may be six months of the protest, the hong kong dollar said to have its strongest month in 16 years. This is how it is looking at this point. David since 2000 three, that was the last time we saw a gain of this magnitude for the hong kong currency. We are looking ahead to the open in india, it was quite a steep gain we had friday although i should point out, depending on which inde
And we hear from the viagogo chairman and founder after that stubhub cash deal from ebay. First, our top story. Five years ago, alibaba pulled off its biggest ever ipo on wall street, and today, it rang up the biggest share sale in hong home in hong kong in 10 years. The listing is being seen as a triumph for a stock exchange. Stars toyears it lost u. S. Rivals. This comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you take a look at the company raising an additional 11 billion, where do you see that company in terms of that use of cash . Thank you for having me. It will be interesting to see what they do with the extra cash. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business, which is 8 of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how t
Production capacity of chinas immense. The logistics capability of chinas superb and its hard to replicate that anywhere in the world. Nejra and her lagarde enter lagarde. The german deputy finance minister tells us there should be progress on a Banking Union by december. Think its a question whether we will have something definitively agreed in the next two or three weeks. I think the key thing is that there will be progress soon. We aim to see first results in december. Nejra new pickup line. Entice newooks to buyers as he unveils a cyber truck in los angeles. We are live from the event. Manus a warm welcome to beijing. We are wrapping up a couple of days of great conversation. For me, the defining moment was Henry Kissinger when he sat on that stage yesterday and said we are on the foothills of a new cold war. If things are left unchecked, this could be as bad as world war i. The phrase that really caught my mind was, this is a minor crisis but needs to be mastered. Those are the wo
Nissan fell 4. 5 . The biggest fall since august. The hang seng, another bourdais. Well below the water 27,000 level. The 127 level. 127,000 level. Lets have a look at what else is going on. Lets look at bonds. The yield, 1. 91 the 10 year. Talk there, with much earlier this week that we would have seen a move toward the 2 handle, which would send a signal of positivity, but it would be translated as bad good news being translated into bad. The new Zealand Dollar up 1 . The cap Interest Rates on a whole. They cap Interest Rates on a whole hold. They are not ruling out stimulus. Europe, 1. 10 handle. 5 . Anese 10 year yields,. 0 three basis points to the downside. Thats the markets. Was look at the first word news. Su keenan. We start with bolivia. The power vacuum has seen an opposition lawmaker declared herself the president. Socialist morale is that the country in chaos, but now the senator says she will assume leadership of the chamber, making her the head of state. Mexico that she