You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no
You are never more than 7 minutes away from weather and traffic. We deal with deadlines every day people. Be there. On time. We have a very nice start to the day. The temperature is 51 degrees we are going to be looking at a beautiful sunrise, temperature 39, kingston, 33 at the fort. Everybody else like 47 for nassau, Suffolk County, long island, 41. Today we are going to inch close to 60 degrees, but late in the day we have some rain coming so youll need your rain gear after lunch time. Well talk more about that and for tomorrow, which is a rainy day, too. So much needed rain coming. Weather with heather every 7 the crossbronx . The process of being cleared away. Long Island Railroad buses replacing trains. And we have the modified weekend schedule. New Jersey Transit buses, path trains are going to cross hudson rail tickets and alternate rules are suspended for today. Developing in new jersey a car slammed into a building displacing dozens of people overnight. This happened in plain
I am Francine Lacqua. Manus it comes in just below the number. 53. 7. The Market Survey was for 54 . This is the market Eurozone Services purchasing Managers Index. That is just a shade lower than we had anticipated. Was about 50 . It is still in expansion mode. It is the industrial prowess of germany we are looking for. It has been called into question after we had the vw scandal. We had concerns about china growing. That is why every single piece of data we had is so powerful. Now, glencore shares have sore this morning. We have reports that the commodities giant is talking to potential buyers. Rocked in hong kong and is up over 10 . The company says it is not aware for any reasons for the movement and chairs. The bloomberg chief energy and commodities responder. Up 70 at one stage. Glencore does not know of any reason why this would ramp u p like this. If you look to us 10 days of the Share Performance of glencore, lets not forget we are talking about a 5100 company. They rarely mov
Anna we have yearnings earnings to get through. Guy this is not sexist. Let me make that crystalclear. Anna it is a music reference. Guy the Australian Dollar, absolutely searching. Surging. Men at work, this is a reference to the numbers that came out from employment. Anna questions being raised, particularly in the last two months how we can rely on that data. Lets get to the breaking news of germany. Monthe the giants, as the , 2. 4 6 billionns euros is the Fourth Quarter industrial business profit. The estimate was just 2. 3 billion. , up to 3 big headline billion euro Share Buyback over the next 36 months. That was something analysts were looking for going into this. Lets get to hans nichols. He has more of the back story. Pathway ns the last buyback was about 4 billion. Dividendig headline, a increase, they are increasing the dividends to three point 3. 5 euros a share. It was that 320 it was a 320. Overall margins are flat down. This year for the last year it was 11. 3 . That ma
John dawson is having a look at what is going on for the nikkei. What is really driving sentiment . We are seeing one of the biggest gainers driving that. Looking for direction from the fed with regards to quantitative easing. Central banks really directing the money. Taiwan, malaysia, you see both waiting to open. We are also watching for the opening of hong kong. Very important, the stock story of the day is li kashings empire. He goes back to the top of the rich list. He is having chung ka holdings incorporated. This, prices on friday. Friday in the u. S. , when they open today, we will be following this. These stocks will rise. Not my words, the investors. Those are the three stocks to follow. [indiscernible] opening for australia, it is really quite interesting. Financials, tech, consumer goods, all rise. Overall, that is the impact today on australia. Clearly, the chinese open and also the hong kong story. Thanks for that. We are watching this with zeb at the moment. Li kashings