Bloomberg. As our u. S. S close, and u. K. Markets. A holiday thinned session in asia. Things are decidedly mixed. Of ave not seen much reaction to saber rattling from north korea with that ninth missile test. It is a big week in terms of news flow and data, china pmi, and waiting to see if that feeds into the picture of the growth or thathad from china is as good as were going to get your the second half could look dicey. We had an announcement from the pboc on friday saying they are considering looking at what they call a countercyclical adjustment factor. We are still trying to figure out what that means in terms of the daily yuan fixing. China has been fixing its dollaryuan fix at gradually weaker levels, adjusting from the previous days close. This istion is whether a dollar of fact. It tends to look different when youre looking at the yuan versus the basket of currencies, or is this something reading more into come it that we are seeing a continued weakness when it comes to the y
Policy that worked to a goldilocks economy. Nothing has pushed me away from that. They cultivate mining, you are welcome its daybreak morning daybreak europe. I got the last the as flight back from the anna with my bags. Politics is at the top of our agenda, look at the dollar rand. Rand accelerated, rallied by 1. 7 , it gave most of that back. It give a void. We saw the highest level on dollar rand since april 12. The volatility is fairly muted every this is the chart you want to keep an eye on. Why is it so muted . ,hat rally should continue emerging market currency. The carry trade will prevail. The fact that summa has avoided you are stillve, going to see a return to form. Thats what the track later on. Lowness as usual for the and higher Interest Rate environment would drive speculators that to this currency, that to dollar rand. Thats from one or two of the analysts weve spoken to in asia. Lets talk about the risks in the market. Syncretic,s a very corporate story. Of what is goi
I am betty liu in new york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. On southeaking news korea, their current account balance for the month of may, coming and higher than what it was previously, at 5. 9 billion. That is quite arise from the month before, 3. 9 billion. Going to help in terms of economic relations between south korea and the u. S. . It is continuing to be a rising account surplus, a thorn in the which has caused to say that the South Koreans are manipulating their currency, suckingexports out, that out of the United States, so to speak. Inse numbers, not goods terms of economic relations between south korea and the u. S. We have seen with headlines and north korea, they will have to work closer to contain what seems to be enough collating crisis in north korea. Korea t seems south i guess they have to deal with much more now, geopolitically, then politically. Comments from kim jongun, saying an icbm capable of rea
Of energy and ordinance. Kim jongun seemingly unfazed and mocking the United States saying icbm was a gift to the United States on its independence day. Today, the meeting on the north korean threat seemed to accomplish little if anything at all. Listening to ambassador nikki haley, it was clear the United States was caught flatfooted by the norths missile test and had little in the way of specific recommendations to discuss with other member states. Fox news Senior Correspondent Rick Leventhal at the u. N. With our report. The secretarygeneral strongly condemning the launch of a Ballistic Missile of intercontinental range conducted by the dprk. This action is yet another brazen violation of the Relevant Security Council resolutions and constitutes a dangerous escalation of the situation. Outrage and warnings, but no new sanctions from the United Nations Security Council meeting in emergency session over north koreas historic launch of intercontinental Ballistic Missile. The u. N. Pass
Of energy and ordinance. Kim jongun seemingly unfazed and mocking the United States saying icbm was a gift to the United States on its independence day. Today, the meeting on the north korean threat seemed to accomplish little if anything at all. Listening to ambassador nikki haley, it was clear the United States was caught flatfooted by the norths missile test and had little in the way of specific recommendations to discuss with other member states. Fox news Senior Correspondent Rick Leventhal at the u. N. With our report. The secretarygeneral strongly condemning the launch of a Ballistic Missile of intercontinental range conducted by the dprk. This action is yet another brazen violation of the Relevant Security Council resolutions and constitutes a dangerous escalation of the situation. Outrage and warnings, but no new sanctions from the United Nations Security Council meeting in emergency session over north koreas historic launch of intercontinental Ballistic Missile. The u. N. Pass