Wages are creeping up, but households still unwilling to spend. Yet more signs that the missing puzzle piece when it comes to the japanese recovery. Remainingics story elusive with this threshold out this morning. Laboroyment, the tight market staying at the lowest in around two decades. Also looking at things like retail sales and consumption lacking. Take a look at this chart. Consumers. Is this the case that so many years of deflationary mindset is shake . Ry difficult to the stubbornness of a reluctance to spend there is. Low unemployment employment. You can see when it comes to spending, living expenditure, it is not going up at all. We are going to delve a little bit more. There is no change to the picture that japans economic recovery lacks that strong driver despite expending for a fifth consecutive quarter. The longest run of gdp expansion in about a decade. Lets take a look at other markets. It is a funny start to the trading week. Large parts of Global Markets closed. The u.
Allow the rally to take place and to take the street today. The Largest Police actions were recorded in st. Petersburg and moscow. He was arrested by police as he apartment. Scow hundreds of people stood shoulder to shoulder outside the pulse nightclub in orlando, florida, early this morning, remembering the 49 victims killed there when you go. Then he Malaysian Ringgit was read aloud beginning at 2 02 a. M. Local time. The shooter pledge allegiance to the Islamic State during the attack and was killed by police during issued out after a threehour standoff. Globaglobal news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, i am julia. Scarlet i am scarlet fu. Joe i am joe weisenthal. We are 30 minutes from close of trading in the u. S. U. S. Stocks in the red for the second day running. Joe the question is, what did you miss . Scarlet not rated by the a
We bring you an exclusive interview with jpmorgans jamie dimon. Set, the former ecb director of operations, and google on whether Central Banks have learned. Later, we bring you a weekly brexit show what is next gekko we will talk to the director general about why he concluded that britain would be better outside the eu. First thing is first come in is sebastian with the first word news. Politics mapping out and plans. Economists in the Bloomberg Survey have raised their growth estimates to 6. 6 from a month earlier. That is stimulus and a stronger global demand. Asahi is in talks to purchase a telly on actelion. Representatives did not immediately respond to requests for comments. Secretary general has applauded Donald Trumps choice of secretary of state. Anaid Rex Tillerson is outstanding oil technocrat. High expectations around the world, he is deeply there is ale, and very thin line between oil, geopolitics, so i congratulate president elect donald trump for making such an excellen
Business news live from singapore. With india still reeling from the governments demonetisation drive, Prime Minister Narendra Modi has plans for a new india. And slowing the flow, as cuts take effect in production, we ask if it will take oil prices out of the year long slump. Good morning, and happy new year. Welcome to Asia Business report live from singapore. In a new year is addressed to the nation the indian Prime Minister Narendra Modi announced measures to help those ha rd est announced measures to help those hardest hit by the cash ban he imposed a month ago. It is his first televised address since he announced the controversial decision. The move caused panic across india and many atms and banks are still short of new cash. More than 50 days after the government withdrew 86 of Currency Notes in circulation, india is still reeling under the impact of that decision. New notes had been introduced but the pace at which they are coming to the system is low and the shortage is affec
We are getting breaking news, a little bit of data out of germany. One point 9 move in 2016, a touch above analysts and economists expectations. We were expecting a 1. 8 , and we have a 1. 9 . It is pretty much in line with estimates, rising 0. 7 month on month. We had estimated 0. 2 , so it is coming and above expectations. We have a little bit of china december new yuan loans. It goes back to an economy in china that may be boiling up a little bit, and you china loans increased almost doubled from the period last year. Lets quickly check on the markets to see what all of this piece of news means. We had the first News Conference, press conference by donald trump yesterday, the first one sense july of last year, certainly the first one since he got elected. Maybe because of the lack of policy details, the dollar weakened a little better there was a little disappointment and markets about the press conference, and that caused investors to unwind trade positions. Gold, for example, back